Sizing Sell Limit Orders by Deposit Share with Fixed Stop and Target Levels

Summary

This trading script places a sell limit order at a trigger level measured in points from the current price. It also defines stop-loss and take-profit distances from the trigger, an optional order expiry, and retry settings for unsuccessful transactions. The money-management input determines order volume as a proportion of the account deposit, expressing how much capital is involved in a trade relative to the total deposit.

The document gives configurable inputs and their stated purposes, including example defaults, but it does not explain how volume is translated into risk or account currency. It provides no market, entry rationale, backtest, or live-trading results. Fixed point distances may behave differently across instruments and price conditions, and deposit-based sizing alone does not establish a fixed loss limit.

Key ideas

• The script submits sell limit orders using a trigger distance from the current price.
• Stop loss and take profit are set as point distances from the trigger level.
• Order volume is sized according to a share of the account deposit.
• Expiry and retry behavior are configurable, but no performance evidence is given.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.