Stoploss points are higher than my takeprofit points! Help!

Opengates: Please I need enlightenment on this: sometimes by almost 10p Any help	Your code is broken Not adjusting for the spread. How do you expect any when you haven't posted your broken code?

Learn to be consistent and be clear whether you are referring to Points or Pips.

extern double        TakeProfit   = 300;    // Take Profit 
extern double        StopLoss     = 300;    // Stop Loss

//=============== Open Buy order here ========================
 if(Opn_B==true)
  { 
 
    RefreshRates();                        // Refresh rates 
    bid = NormalizeDouble(MarketInfo(Symb,MODE_BID),Digits); // Request for the value of Bid      
    SL=bid-StopLoss*Point;     // Calculating SL of opened     
    TP=bid+TakeProfit*Point;   // Calculating TP of opened
    Ticket=OrderSend(Symb,OP_BUY,lot,Ask,2,SL,TP); //Opening Buy      
     if (Ticket>0) // Success       
    {        
    Print("The Order for BUY was opened ",Ticket);        
    return(0);         // Exit start()      
     }     
    if (Error==1)      // Processing errors       
    return(1);                                // Exit start()     
   }     
   
   //======= Open Sell order here =======================================
 if (Opn_S==true)
  { 
   
    RefreshRates();                        // Refresh rates 
    ask = NormalizeDouble(MarketInfo(Symb,MODE_ASK),Digits); // Request for the value of Ask    
    SL=ask+StopLoss*Point;     // Calculating SL of opened     
    TP=ask-TakeProfit*Point;   // Calculating TP of opened
    Ticket=OrderSend(Symb,OP_SELL,lot,Bid,2,SL,TP); //Opening Sell
   if (Ticket>0)
    {      
    Print("The Order for SELL was opened ",Ticket);        
    return(0);                             // Exit start()      
     }   

Here is it. Thank you

1. The OrderSend() for SELL orders is wrong. SELL orders are opened at Bid price (you are opening them at Ask price).

2. The reason why your loss is bigger than your profit when your win 1 and lose 1 using equal SL and TP is because of the spread.

For example:

You open a BUY order at ASK price. BUY orders are closed at BID price, so you calculate the stop loss and take profit for that order as:

SL=bid-StopLoss*Point;     // Calculating SL of opened
TP=bid+TakeProfit*Point;   // Calculating TP of opened

Now, if the position ends up being a losing one, you will have a loss of StopLoss points. However, if the position ends up being a winner one, you will have a profit of (TakeProfit - SPREAD) points.

So, if you want to win or lose the same amount of points in a position using equal StopLoss and TakeProfit parameters, you must calculate, for a BUY position, the SL and TP levels as:

SL=bid-StopLoss*Point;     // Calculating SL of opened
TP=ask+TakeProfit*Point;   // Calculating TP of opened

But be aware that by adjusting for the spread like this way, the market will have to move StopLoss points to hit your SL, but will have to move (TakeProfit + SPREAD) points to hit your TP.

Regards. 

Ticket=OrderSend(Symb,OP_BUY,lot,Ask,2,SL,TP); //Opening Buy    

Code fails if Symb is not the current pair

Xiruko and WHRoeder,

Thanks so much. I've gotten it right by your guidance.

More grease to your elbow. You are both great!

Best regards