Again a question about the trailing stop

• 05/01/2022 at 2:37 PM #192497
  f1_maik

  I don’t even bother to ask because so much has already been written here about trailing stops. But I still don’t quite get it. Please can someone help me again.
  I have this trailing stop code and would like to add to it the minimum stop of IG and a points-to-keep in % of the price.
  How can this look like? In gray I have made the minimum stop as I think it would be correct. But the points-to-keep function?

   

  //a = 1 //b = 0.1 //c = 0.1 set stop %loss a trailingPercent = b stepPercent = c if onmarket then trailingstart = tradeprice(1)*(trailingpercent/100) // - 6*pipsize trailingstep = tradeprice(1)*(stepPercent/100) // - 6*pipsize endif IF NOT ONMARKET THEN newSL=0 ENDIF IF LONGONMARKET THEN IF newSL=0 AND close-tradeprice(1)>=trailingstart THEN newSL = tradeprice(1)+trailingstep ENDIF IF newSL>0 AND close-newSL>trailingstep THEN newSL = newSL+trailingstep ENDIF ENDIF IF SHORTONMARKET THEN IF newSL=0 AND tradeprice(1)-close>=trailingstart THEN newSL = tradeprice(1)-trailingstep ENDIF IF newSL>0 AND newSL-close>trailingstep THEN newSL = newSL-trailingstep ENDIF ENDIF IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

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  //a = 1 //b = 0.1 //c = 0.1   set stop %loss  a trailingPercent = b stepPercent = c   if onmarket then trailingstart = tradeprice(1)*(trailingpercent/100) // - 6*pipsize trailingstep = tradeprice(1)*(stepPercent/100) // - 6*pipsize endif   IF NOT ONMARKET THEN newSL=0 ENDIF IF LONGONMARKET THEN IF newSL=0 AND close-tradeprice(1)>=trailingstart THEN newSL = tradeprice(1)+trailingstep ENDIF IF newSL>0 AND close-newSL>trailingstep THEN newSL = newSL+trailingstep ENDIF ENDIF IF SHORTONMARKET THEN IF newSL=0 AND tradeprice(1)-close>=trailingstart THEN newSL = tradeprice(1)-trailingstep ENDIF IF newSL>0 AND newSL-close>trailingstep THEN newSL = newSL-trailingstep ENDIF ENDIF IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

  

  f1_maik

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  05/01/2022 at 3:16 PM #192498
  robertogozzi

  There you go (not tested):

  //a = 1 //b = 0.1 //c = 0.1 MinStop = 10 //10 pips minimum stop loss required Points2Keep = 0.01 //0.01% points to keep set stop ploss max(MinStop,TradePrice(1) * a / 100 / pipsize) trailingPercent = b stepPercent = c p2k = TradePrice(1) * Points2Keep / 100 if onmarket then trailingstart = tradeprice(1)*(trailingpercent/100) // - 6*pipsize trailingstep = tradeprice(1)*(stepPercent/100) // - 6*pipsize endif IF NOT ONMARKET THEN newSL=0 ENDIF IF LONGONMARKET THEN IF newSL=0 AND close-tradeprice(1)>=trailingstart THEN newSL = tradeprice(1)+trailingstep+p2k ENDIF IF newSL>0 AND close-newSL>trailingstep THEN newSL = newSL+trailingstep ENDIF ENDIF IF SHORTONMARKET THEN IF newSL=0 AND tradeprice(1)-close>=trailingstart THEN newSL = tradeprice(1)-trailingstep+p2k ENDIF IF newSL>0 AND newSL-close>trailingstep THEN newSL = newSL-trailingstep ENDIF ENDIF IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

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  //a = 1 //b = 0.1 //c = 0.1 MinStop = 10         //10    pips minimum stop loss required Points2Keep = 0.01   //0.01% points to keep set stop ploss  max(MinStop,TradePrice(1) * a / 100 / pipsize) trailingPercent = b stepPercent = c p2k         = TradePrice(1) * Points2Keep / 100 if onmarket then trailingstart = tradeprice(1)*(trailingpercent/100) // - 6*pipsize trailingstep = tradeprice(1)*(stepPercent/100) // - 6*pipsize endif IF NOT ONMARKET THEN newSL=0 ENDIF IF LONGONMARKET THEN IF newSL=0 AND close-tradeprice(1)>=trailingstart THEN newSL = tradeprice(1)+trailingstep+p2k ENDIF IF newSL>0 AND close-newSL>trailingstep THEN newSL = newSL+trailingstep ENDIF ENDIF IF SHORTONMARKET THEN IF newSL=0 AND tradeprice(1)-close>=trailingstart THEN newSL = tradeprice(1)-trailingstep+p2k ENDIF IF newSL>0 AND newSL-close>trailingstep THEN newSL = newSL-trailingstep ENDIF ENDIF IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

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  f1_maik

  

  robertogozzi

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  05/01/2022 at 3:34 PM #192499
  f1_maik

  Thank you very much.
  I will test it.

  

  f1_maik

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