This snippet implements a step trailing stop that advances in fixed increments once price reaches predefined profit thresholds. It also includes a break-even (or small-profit) transition to reduce risk before the trailing logic begins.

// ===========================
// Trail Stop steps
// ===========================
triggerDistanceProfit = 20
triggerDistanceLoss = 15
MinimumProfit=20
MaxLoss=100

if not onmarket then
MoveToBreakEven=0
endif
// Example entry condition
IF NOT ONMARKET AND close CROSSES OVER Average[20](close) THEN
BUY 1 CONTRACT AT MARKET
stoploss = close-maxloss-(triggerDistanceLoss *pointsize)
newStopLevel = close + (triggerDistanceProfit * pointsize)
set stop price stoploss
ENDIF

// Management of open position
IF LONGONMARKET THEN
// Check if profit is greater or equal to trigger distance
IF close >= (newStopLevel + MinimumProfit) and MoveToBreakEven=0 THEN
MoveToBreakEven=1
stoploss=positionprice + Minimumprofit //Stoploss with small profit
newStopLevel = newStopLevel+triggerDistanceProfit*pointsize
set stop price stoploss
ENDIF

if close >= newStopLevel + (triggerDistanceProfit * pointsize) and MoveToBreakEven=1 then
stoploss = newStopLevel
newStopLevel = newStopLevel+triggerDistanceProfit*pointsize
set stop price stoploss
endif
ENDIF

 

IF NOT ONMARKET AND close CROSSES under Average[50](close) THEN
SELLSHORT 1 CONTRACT AT MARKET
stoploss = close+maxloss+(triggerDistanceLoss *pointsize)
newStopLevel = close – (triggerDistanceProfit * pointsize)
set stop price stoploss
ENDIF

// Management of open position
IF shortonmarket THEN
// Check if profit is greater or equal to trigger distance
IF close <= (newStopLevel – MinimumProfit) and MoveToBreakEven=0 THEN
MoveToBreakEven=1
stoploss=positionprice – Minimumprofit //Stoploss with small profit
newStopLevel = newStopLevel-triggerDistanceProfit*pointsize
set stop price stoploss
ENDIF

if close <= newStopLevel – (triggerDistanceProfit * pointsize) and MoveToBreakEven=1 then
stoploss = newStopLevel
newStopLevel = newStopLevel-triggerDistanceProfit*pointsize
set stop price stoploss
endif
ENDIF
// ===========================
// Graphic
// ===========================
// Trailing Stop and Next Level
graphonprice newStopLevel coloured(0, 0, 255) AS “NextLevel”
graphonprice stoploss coloured(255, 0, 0) AS “Trail Stop”
// Moving Average
graphonprice Average[20](close) coloured(255, 165, 0) AS “SMA20”
graphonprice Average[50](close) coloured(0, 165, 0) AS “SMA50”

Code Logic

• triggerDistanceProfit: Step size (in points) used to define the next profit milestone and each subsequent trailing increment.
• triggerDistanceLoss: Extra distance (in points) added to the initial stop placement beyond the MaxLoss offset.
• MinimumProfit: Minimum favorable move required before switching to break-even/small-profit mode.
• MaxLoss: Base maximum loss (in points) used to compute the initial stop from the entry context.
• MoveToBreakEven: State flag; reset to 0 when flat, set to 1 once the break-even (small profit) stop has been activated.
• Average[20](close) / Average[50](close): Example entry triggers; long entries occur on a cross above SMA20, short entries occur on a cross below SMA50.
• stoploss: The active stop level sent via set stop price; initially wide, then tightened to small profit, then trailed in steps.
• newStopLevel: The next milestone level; once price passes it by the required amount, it is advanced by triggerDistanceProfit and becomes the next reference.
• LONGONMARKET block: When price reaches newStopLevel + MinimumProfit and MoveToBreakEven=0, the stop jumps to positionprice + MinimumProfit and step trailing is armed.
• LONG step trailing: When price reaches newStopLevel + triggerDistanceProfit*pointsize and MoveToBreakEven=1, the stop is set to newStopLevel and newStopLevel advances by one step.
• SHORTONMARKET block: Mirrors the long logic; break-even/small-profit triggers at newStopLevel – MinimumProfit, then the stop trails downward in fixed steps.
• pointsize: Converts point-based inputs into instrument price increments to keep the logic compatible across markets.
• graphonprice: Plots newStopLevel (blue) and stoploss (red) on the chart, plus SMA20 and SMA50 for visual validation.