Alternative To Trailing Stop function

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • 01/01/2019 at 5:43 PM #87830 quote
    smokingfox
    Participant
    Junior

    I have been using the trailing stop function, “ptrailing X” in probuilder.

    what i have found when i launched my strategy in live is that i had set X to a value less than the minimum stop distance.In this case it was for EURUSD which has a min stop distance of 10 and my system was using 6. The automated trading system automatically adjusted my trailing stops to be set at a distance of 10. I stopped the system and backtested basis 10 and my results are alot worse.

    I have been trying to find if there is an equivalent function / script i can use which creates the same effect of having a trailing stop in order to exit the position. i tried using some code i found related to MFE/MAE but this hasnt yielded the same results.

     

    any help appreciated.

    01/01/2019 at 6:45 PM #87834 quote
    Vonasi
    Moderator
    Master

    There are many different trailing stop codes posted in these forums. I would try putting ‘trailing stop’ in the search box and see what comes up such as this:

    https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/

    Minimum stop distances can be an issue and there was a recent discussion regarding it here:

    Pro order big defect

    I’m not sure if it has been concluded or whether the issue was due to being on a limited risk account but maybe this is similar to your issue. On a separate note – in my experience running very close stop losses will never result in a profitable strategy.

    01/02/2019 at 11:37 AM #87862 quote
    Nicolas
    Keymaster
    Master

    Many trailing stop script are available on the website. You can find different kind in the snippet link library that our members are keeping up to date: https://docs.google.com/spreadsheets/d/1rgboqj7sVwsP9ZRhOduOefye48QMWC07jWVXCl-KJPU/edit#gid=0

    01/03/2019 at 12:37 PM #87934 quote
    smokingfox
    Participant
    Junior

    many thanks Vonasi and Nicolas. i have found some good threads on the topic and will add to these with any input or questions i have.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.

Alternative To Trailing Stop function


ProBuilder: Indicators & Custom Tools

New Reply
Author
author-avatar
smokingfox @smokingfox Participant
Summary

This topic contains 3 replies,
has 3 voices, and was last updated by smokingfox
7 years, 1 month ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 01/01/2019
Status: Active
Attachments: No files
Logo Logo
Loading...
Do you like cookies? 🍪 We use cookies to ensure you get the best experience on our website. (Learn more)
©2026 ProRealCode - Trading & Coding with ProRealTime™