a.tm. it’s basically the same as posted by AlexF minus/plus what I mentioned.

however I used an slightly updated breakeven stop, with the option to choose points or percentage. The way I ‘ve it, with stoploss of 0.4%, if atr distance is 1 or greater, the stoploss moves to -0.2%

// breakeven stop atr
once breakevenstoptype     = 1    // breakeven stop - 0 off, 1 on

once bestoplong     = 1     // breakeven stop atr relative distance
once bestopshort    = 1     // breakeven stop atr relative distance

once beatrperiod    = 14    // atr parameter value
once beminstop      = 0    // minimum breakeven stop distance

once bepointsorperct= 0     //[0]percentage [1]points
bepointstokeep      = -0.2 // positive or negative //not use once

//----------------------------------------------
beatr = averagetruerange[beatrperiod]((close/10)*pipsize)/1000
//beatr=averagetruerange[beatrperiod]((close/1)*pipsize) // (forex)
bestopl = round(beatr*bestoplong)
bestops = round(beatr*bestopshort)
if breakevenstoptype then
if bepointsorperct then
bepointstokeep=bepointstokeep
else
bepointstokeep=(tradeprice(1)/100)*bepointstokeep
bepointstokeep=bepointstokeep
endif
if not onmarket or ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then
bemaxprice = 0
beminprice = close
benewsl = 0
endif
if longonmarket then
bemaxprice = max(bemaxprice,close)
if bemaxprice-tradeprice(1)>=bestopl*pointsize then
if bemaxprice-tradeprice(1)>=beminstop then
benewsl=tradeprice(1)+bepointstokeep*pipsize
else
benewsl=tradeprice(1)- beminstop*pointsize
endif
endif
endif
if shortonmarket then
beminprice = min(beminprice,close)
if tradeprice(1)-beminprice>=bestops*pointsize then
if tradeprice(1)-beminprice>=beminstop then
benewsl = tradeprice(1)-bepointstokeep*pipsize
else
benewsl = tradeprice(1) + beminstop*pointsize
endif
endif
endif
if longonmarket then
if benewsl>0 then
sell at benewsl stop
endif
if benewsl>0 then
if low crosses under benewsl then
sell at market //when stop is rejected
endif
endif
endif
if shortonmarket then
if benewsl>0 then
exitshort at benewsl stop
endif
if benewsl>0 then
if high crosses over benewsl then
exitshort at market //when stop is rejected
endif
endif
endif
endif

@ , good with an update, are You running the Paul version in post #132278?

Interesting system. Running AlexF version on backtest (no breakeven) with a percentage stop loss of 0.25 significantly improves the performance, all be it on the very limited data period available.

// Condizioni per entrare su posizioni long
IF tradeon AND entrylong THEN
BUY 0.5 CONTRACTS AT MARKET
SET STOP %LOSS 0.25
ENDIF

// Condizioni per entrare su posizioni short
IF tradeon AND entryshort THEN
SELLSHORT 0.5 CONTRACTS AT MARKET
SET STOP %LOSS 0.25
ENDIF

here’s some code for a fast timeframe.

For i.e. 5 seconds tf I use 0.5% stoploss, but prefer a faster exit for a loss. A faster exit results likely in a lower winchance though. But live creates often more max losses then a short backtest.

First code is a familiar one, created 2 variations.

// support & resistence
once supportresistance  = 0 // exit [0-1-2]
//
timeframe(30 seconds)
if supportresistance then
pivotbar     =  20
lookback     =  20
barlookback  = pivotbar + 1
if low[pivotbar] < lowest[lookback](low)[barlookback] then
if low[pivotbar] = lowest[barlookback](low) then
supportprice  = low[pivotbar]
endif
endif
if high[pivotbar] > highest[lookback](high)[barlookback] then
if high[pivotbar]  = highest[barlookback](high) then
resistanceprice = high[pivotbar]
endif
endif
endif
timeframe(default)
if supportresistance=1 then
if ((longonmarket and shortonmarket[1]) or (longonmarket and not onmarket[1])) then
sup=supportprice
endif
if ((shortonmarket and longonmarket[1]) or (shortonmarket and not onmarket[1])) then
res=resistanceprice
endif
elsif supportresistance=2 then
sup=supportprice
res=resistanceprice
endif
if supportresistance=1 or supportresistance=2 then
if longonmarket then
sell at sup  stop
endif
if shortonmarket then
exitshort at res stop
endif
endif


graphonprice sub
graphonprice res

code below is created from scratch. It takes the lowest low before a long entry for xx periods and starts recording new highs. There are 2 ways of exits. If you want a clear break you can set a breakvalue.

// exitpivot
once exitpivot=2 // exit [0-1-2]
//
if exitpivot=1 or exitpivot=2 then
duration=360 // 720 = 1 hour lookback on 5s
breakvalue=0
//
if not onmarket then
prell=0
prehh=0
endif
if longonmarket then
prehh=highest[max(1,(barindex-tradeindex))](high)
endif
if ((longonmarket and shortonmarket[1]) or (longonmarket and not onmarket[1])) then
prell=lowest[duration](low)
endif
if shortonmarket then
prell=lowest[max(1,(barindex-tradeindex))](low)
endif
if ((shortonmarket and longonmarket[1]) or (shortonmarket and not onmarket[1])) then
prehh=highest[duration](high)
endif
if onmarket then
fibpivot=(prehh-prell)*0.618
else
fibpivot=0
endif
if exitpivot=1 then
if longonmarket then
sell at (prehh-fibpivot)-breakvalue stop
endif
if shortonmarket then
exitshort at (prell+fibpivot)+breakvalue stop
endif
endif
if exitpivot=2 then
if longonmarket then
sell at prell-breakvalue stop
endif
if shortonmarket then
exitshort at prehh+breakvalue stop
endif
endif
endif

graphonprice prehh
graphonprice prell

graphonprice prell+fibpivot coloured(255,0,0,255)  as "short exit"
graphonprice prehh-fibpivot coloured(0,0,255,255) as "long exit"

Thanks GraHal. Tested the plugin codes on alex version and results go down, regardless I’ve been using the plugins a.t.m. On the first code I used graphonprice sub which should be sup.

@, at the moment none of the codes here are good enough for me. Alex version doesn’t have a hardcoded stoploss. Very difficult timeframe!