//------------------------------------------------------------------------------------------------------------------------------------------------
// Trailing Start
//------------------------------------------------------------------------------------------------------------------------------------------------
If trail then
DirectionSwitch = (LongOnMarket AND ShortOnMarket[1]) OR (LongOnMarket[1] AND ShortOnMarket) //True when there's been a change in the direction (likely to be due to a Stop & Reverse)
//
IF Not OnMarket OR DirectionSwitch THEN
//
// when NOT OnMarket or thare's been a change in direction, reset values to their default settings
//
StartPerCentLong = SPCL //0.25% to start triggering Trailing Stop
StartPerCentShort = SPCS
StepPerCent = SPC //50% (of the 0.25% above) as a Trailing Step (set to 100 to make StepSize=TrailStart, set to 200 to make it twice TrailStart)
BasePerCent = BPC //0.1-1 Profit percentage to keep when setting BreakEven
PerCentInc = PCI // 0.1-1 PerCent increment after each StepSize chunk
//
TrailStartLong = (close / PipSize) * StartPerCentLong / 100 //use current price (CLOSE) for calculations
TrailStartShort = (close / PipSize) * StartPerCentShort / 100 //use current price (CLOSE) for calculations
StepSizeLong = TrailStartLong * StepPerCent / 100
StepSizeShort = TrailStartShort * StepPerCent / 100
//
RoundTO = -0.5 //-0.5 rounds always to Lower integer, +0.4 rounds always to Higher integer, 0 defaults PRT behaviour
PriceDistance = 8 * pipsize //7 minimun distance from current price
y1 = 0 //reset to 0
y2 = 0 //reset to 0
ProfitPerCent = BasePerCent //reset to desired default value
//PositionCount = 0
SellPrice = 0
SellPriceX = 0
ExitPrice = 9999999
ExitPriceX = 9999999
ELSE
//------------------------------------------------------
// --- Update Stop Loss after accumulating new positions
//------------------------------------------------------
//PositionCount = max(PositionCount,abs(CountOfPosition))
//
// update Stop Loss only when PositionPrice has changed (actually when increased, we don't move it if there's been some positions exited)
//
//IF PositionCount <> PositionCount[1] AND (ExitPrice + SellPrice)<>9999999 THEN //go on only if Trailing Stop had already started trailing
IF PositionPrice <> PositionPrice[1] AND (ExitPrice + SellPrice) <> 9999999 THEN //go on only if Trailing Stop had already started trailing
IF LongOnMarket THEN
q1 = PositionPrice + ((Close - PositionPrice) * ProfitPerCent) //calculate new SL
SellPriceX = max(max(SellPriceX,SellPrice),q1)
SellPrice = max(max(SellPriceX,SellPrice),PositionPrice + (y1 * pipsize)) //set exit price to whatever grants greater profits, comopared to the previous one
ELSIF ShortOnMarket THEN
r1 = PositionPrice - ((PositionPrice - Close) * ProfitPerCent) //calculate new SL
ExitPriceX = min(min(ExitPriceX,ExitPrice),r1)
ExitPrice = min(min(ExitPriceX,ExitPrice),PositionPrice - (y2 * pipsize)) //set exit price to whatever grants greater profits, comopared to the previous one
ENDIF
ENDIF
// --- Update END
ENDIF
//
IF LongOnMarket AND Close > (PositionPrice + (y1 * pipsize)) THEN //LONG positions
//
// compute the value of the Percentage of profits, if any, to lock in for LONG trades
//
x1 = (Close - PositionPrice) / pipsize //convert price to pips
IF x1 >= TrailStartLong THEN // go ahead only if N+ pips
Diff1 = abs(TrailStartLong - x1) //difference from current profit and TrailStart
Chunks1 = max(0,round((Diff1 / StepSizeLong) + RoundTO)) //number of STEPSIZE chunks
ProfitPerCent = BasePerCent + (BasePerCent * (Chunks1 * PerCentInc)) //compute new size of ProfitPerCent
ProfitPerCent = max(ProfitPerCent[1],min(100,ProfitPerCent)) //make sure ProfitPerCent doess not exceed 100%
y1 = max(x1 * ProfitPerCent, y1) //y1 = % of max profit
ENDIF
ELSIF ShortOnMarket AND Close < (PositionPrice - (y2 * pipsize)) THEN //SHORT positions
//
// compute the value of the Percentage of profits, if any, to lock in for SHORT trades
//
x2 = (PositionPrice - Close) / pipsize //convert price to pips
IF x2 >= TrailStartShort THEN // go ahead only if N+ pips
Diff2 = abs(TrailStartShort - x2) //difference from current profit and TrailStart
Chunks2 = max(0,round((Diff2 / StepSizeShort) + RoundTO)) //number of STEPSIZE chunks
ProfitPerCent = BasePerCent + (BasePerCent * (Chunks2 * PerCentInc)) //compute new size of ProfitPerCent
ProfitPerCent = max(ProfitPerCent[1],min(100,ProfitPerCent)) //make sure ProfitPerCent doess not exceed 100%
y2 = max(x2 * ProfitPerCent, y2) //y2 = % of max profit
ENDIF
ENDIF
//------------------------------------------------------------------------------
// manage actual Exit, if needed
//------------------------------------------------------------------------------
IF y1 THEN //Place pending STOP order when y1 > 0 (LONG positions)
SellPrice = max(SellPrice,PositionPrice + (y1 * pipsize)) //convert pips to price
//
// check the minimun distance between ExitPrice and current price
//
IF abs(close - SellPrice) > PriceDistance THEN
//
// place either a LIMIT or STOP pending order according to current price positioning
//
IF close >= SellPrice THEN
SELL AT SellPrice STOP
ELSE
SELL AT SellPrice LIMIT
ENDIF
ELSE
//
//sell AT MARKET when EXITPRICE does not meet the broker's minimun distance from current price
//
SELL AT Market
ENDIF
ENDIF
IF y2 THEN //Place pending STOP order when y2 > 0 (SHORT positions)
ExitPrice = min(ExitPrice,PositionPrice - (y2 * pipsize)) //convert pips to price
//
// check the minimun distance between ExitPrice and current price
//
IF abs(close - ExitPrice) > PriceDistance THEN
//
// place either a LIMIT or STOP pending order according to current price positioning
//
IF close <= ExitPrice THEN
EXITSHORT AT ExitPrice STOP
ELSE
EXITSHORT AT ExitPrice LIMIT
ENDIF
ELSE
//
//ExitShort AT MARKET when EXITPRICE does not meet the broker's minimun distance from current price
//
EXITSHORT AT Market
ENDIF
ENDIF
Endif
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