Forums › ProRealTime English forum › ProOrder support › Hard coded Stop Loss becoming Trailing Stop Loss › Reply To: Hard coded Stop Loss becoming Trailing Stop Loss
05/25/2019 at 2:17 PM
#99427
Grahal, on paper yes first I had the same backtest as you, and I thought, waoou nice for a so simple code, then I realized that he is using the ptrailing function… Here the same code with a true breakeven function, and a true trailing function. Backtests are less inspiring…
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DEFPARAM CumulateOrders = False // Cumulating positions deactivated positionsize=1 // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 090000 timeEnterBefore = time >= noEntryBeforeTime // Conditions to enter long positions indicator1 = SuperTrend[4,90] c1 = (close CROSSES OVER indicator1) IF c1 AND timeEnterBefore THEN BUY positionsize contract AT MARKET ENDIF // Conditions to exit long positions indicator2 = SuperTrend[4,90] c2 = (close CROSSES UNDER indicator2) IF c2 THEN SELL AT MARKET ENDIF // Conditions to enter short positions indicator3 = SuperTrend[4,90] c3 = (close CROSSES UNDER indicator3) IF c3 AND timeEnterBefore THEN SELLSHORT positionsize contract AT MARKET ENDIF // Conditions to exit short positions indicator4 = SuperTrend[4,90] c4 = (close CROSSES OVER indicator4) IF c4 THEN EXITSHORT AT MARKET ENDIF enableBreakeven=1 BESG = 0.1// % BE kick start BESL = 0.02 // % BE level underlaying=100 //100 for index if enableBreakeven then if not onmarket then newsl=0 endif if ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then newsl=0 endif if longonmarket then if close-tradeprice(1)>=(((tradeprice(1)/100)*BESG)/(underlaying/100))*pointsize then newsl=tradeprice(1)+(((tradeprice(1)/100)*BESL)/(underlaying/100))*pointsize endif endif if shortonmarket then if tradeprice(1)-close>=(((tradeprice(1)/100)*BESG)/(underlaying/100))*pointsize then newsl=tradeprice(1)-(((tradeprice(1)/100)*BESL)/(underlaying/100))*pointsize endif endif if longonmarket and newsl>0 then sell at newsl stop endif if shortonmarket and newsl>0 then exitshort at newsl stop endif endif //trailing stop trailingon=1 MFEPerc=0.05 If trailingon then trailingstop = (close * MFEPerc/100)/pointsize //14 //resetting variables when no trades are on market if not onmarket then MAXPRICE = 0 MINPRICE = close priceexit = 0 endif //case SHORT order if shortonmarket then MINPRICE = MIN(MINPRICE,close) //saving the MFE of the current trade if tradeprice(1)-MINPRICE>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then priceexit = MINPRICE+trailingstop*pointsize //set the exit price at the MFE + trailing stop price level endif endif //case LONG order if longonmarket then MAXPRICE = MAX(MAXPRICE,close) //saving the MFE of the current trade if MAXPRICE-tradeprice(1)>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then priceexit = MAXPRICE-trailingstop*pointsize //set the exit price at the MFE - trailing stop price level endif endif //exit on trailing stop price levels if onmarket and priceexit>0 then EXITSHORT AT priceexit STOP SELL AT priceexit STOP endif endif //reset the breakevenLevel when no trade are on market //IF NOT ONMARKET THEN // //breakevenLevel=0 // //ENDIF // Stops and targets //SET STOP pTRAILING 10 //place the new stop orders on market at breakevenLevel //IF breakevenLevel>0 THEN // //SELL AT breakevenLevel STOP // //ENDIF |
