Changing Stop-Loss and Take-Profit Levels Across Open Orders
Summary
The document describes a trading utility for updating stop-loss and take-profit levels on existing positions. One version adjusts orders for the current symbol using distances expressed in pips, while another accepts price levels directly. A further version applies pip-based changes across orders and pending orders for all symbols. The purpose is to make it easier to bring multiple positions to a common risk or profit-taking level.
The stated levels are based on market price, and an input of zero leaves that level unchanged. The document is a brief feature description, not an explanation of how stops are calculated, when they should be moved, or how the modification behaves under broker restrictions, slippage, or market gaps. It provides no trading results or risk analysis. Users would need to account for instrument-specific pip conventions and verify how the platform handles open and pending orders.
Key ideas
- A utility can update stop-loss and take-profit levels on positions for the current symbol.
- Inputs can be interpreted as pip distances or as direct price levels, depending on the version.
- A separate version applies pip-based changes to orders and pending orders across symbols.
- An input of zero leaves the corresponding level unchanged.
- The description gives no evidence about strategy performance or details about broker and execution constraints.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.