Breakeven and Points to Keep

• 10/04/2019 at 10:40 PM #109319
  adeelq79

  Hi, I have the code below but when the trade was in profit this week, the code did not protect the number of points I stated. Any idea on what maybe wrong with the code below?

  I would also like to add a trailing stop ie if the trade is in profit 1 point greater than when the breakeven point starts, i’d like the stop loss (points to keep) to increase by 1 point too; and to continue to do so until target is met. Any thoughts on how to introduce this code would be appreciated.

   

  Thanks

  FTSE - Points to Keep

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated Once LastTradeDate = 0 // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 090000 timeEnterBefore = time >= noEntryBeforeTime // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 160000 timeEnterAfter = time < noEntryAfterTime // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 //how much pips/points in gain to activate the breakeven function? startBreakeven = 20 //how much pips/points to keep in profit above or below our entry price when the breakeven is activated (beware of spread) PointsToKeep = 15 // Conditions to enter long positions indicator1 = RSI[7](close) c1 = (indicator1 >= 83) ignored, ignored, ignored, ignored, indicator2, ignored, ignored = CALL "WA Explosion COMBO"[150, 30, 15, 15] c2 = (indicator2 >= 260) indicator3 = ExponentialAverage[5](close) indicator4 = ExponentialAverage[17](close) c3 = (indicator3 > indicator4) indicator5 = ExponentialAverage[62](close) indicator6 = ExponentialAverage[5](close) c4 = (indicator5 < indicator6) IF (c1 AND c2 AND c3 AND c4) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry AND LastTradeDate<>OpenDate THEN BUY 1 CONTRACT AT MARKET LastTradeDate = OpenDate ENDIF // Conditions to enter short positions indicator7 = RSI[7](close) c5 = (indicator7 <= 22) ignored, ignored, ignored, ignored, ignored, indicator8, ignored = CALL "WA Explosion COMBO"[150, 30, 15, 15] c6 = (indicator8 >= 260) indicator9 = ExponentialAverage[5](close) indicator10 = ExponentialAverage[17](close) c7 = (indicator9 < indicator10) indicator11 = ExponentialAverage[62](close) indicator12 = ExponentialAverage[5](close) c8 = (indicator11 > indicator12) IF (c5 AND c6 AND c7 AND c8) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry AND LastTradeDate<>OpenDate THEN SELLSHORT 1 CONTRACT AT MARKET LastTradeDate = OpenDate ENDIF // Stops and targets SET STOP pLOSS 14 SET TARGET pPROFIT 25 //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF // --- end of BUY SIDE --- // --- SELL SIDE --- IF SHORTONMARKET AND close-tradeprice(1)-close>startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP ENDIF // --- end of SELL SIDE ---

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated Once LastTradeDate = 0   // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 090000 timeEnterBefore = time >= noEntryBeforeTime   // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 160000 timeEnterAfter = time < noEntryAfterTime   // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0   //how much pips/points in gain to activate the breakeven function? startBreakeven = 20 //how much pips/points to keep in profit above or below our entry price when the breakeven is activated (beware of spread) PointsToKeep = 15   // Conditions to enter long positions indicator1 = RSI[7](close) c1 = (indicator1 >= 83) ignored, ignored, ignored, ignored, indicator2, ignored, ignored = CALL "WA Explosion COMBO"[150, 30, 15, 15] c2 = (indicator2 >= 260) indicator3 = ExponentialAverage[5](close) indicator4 = ExponentialAverage[17](close) c3 = (indicator3 > indicator4) indicator5 = ExponentialAverage[62](close) indicator6 = ExponentialAverage[5](close) c4 = (indicator5 < indicator6)   IF (c1 AND c2 AND c3 AND c4) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry AND LastTradeDate<>OpenDate THEN   BUY 1 CONTRACT AT MARKET LastTradeDate = OpenDate   ENDIF   // Conditions to enter short positions indicator7 = RSI[7](close) c5 = (indicator7 <= 22) ignored, ignored, ignored, ignored, ignored, indicator8, ignored = CALL "WA Explosion COMBO"[150, 30, 15, 15] c6 = (indicator8 >= 260) indicator9 = ExponentialAverage[5](close) indicator10 = ExponentialAverage[17](close) c7 = (indicator9 < indicator10) indicator11 = ExponentialAverage[62](close) indicator12 = ExponentialAverage[5](close) c8 = (indicator11 > indicator12)   IF (c5 AND c6 AND c7 AND c8) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry AND LastTradeDate<>OpenDate THEN   SELLSHORT 1 CONTRACT AT MARKET LastTradeDate = OpenDate   ENDIF   // Stops and targets SET STOP pLOSS 14 SET TARGET pPROFIT 25   //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF   // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF   //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF // --- end of BUY SIDE ---   // --- SELL SIDE --- IF SHORTONMARKET AND close-tradeprice(1)-close>startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP ENDIF // --- end of SELL SIDE ---

   

  

  adeelq79

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  10/05/2019 at 11:50 AM #109334
  GraHal

  Is the WA Explosion COMBO the Indicator below please?

  https://www.prorealcode.com/prorealtime-indicators/waddah-attar-explosion/

  I’m going to run it on my Platform and try to see what is going on.

  I’ve never had much success with Trailing Stops, but maybe it’s because they didn’t work and I’ve never bothered to investigate so I though your code would be a good one to collaborate on! 🙂

  But please anybody else contribute also as I often get my understanding by experimenting (using GRAPH etc) whereas you coding wizards may spot the issue from just looking at the above code … so please feel free to dive in! 🙂

  

  GraHal

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  10/05/2019 at 11:59 AM #109336
  adeelq79

  Thanks for the reply,

  Thats not the code I have for the explosion combo, I have the one attached.

  I found this trailing stop with incremental steps below, I do not know if it works but when I backtested it on FTSE, 1 trade showed up as b/e. I thought it should have shown up +10 as the trade went up +20 before falling back to b/e.

  Thanks

   

  Trailing Stop with Step

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated Once LastTradeDate = 0 // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 090000 timeEnterBefore = time >= noEntryBeforeTime // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 160000 timeEnterAfter = time < noEntryAfterTime // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 // Conditions to enter long positions indicator1 = RSI[7](close) c1 = (indicator1 >= 83) ignored, ignored, ignored, ignored, indicator2, ignored, ignored = CALL "WA Explosion COMBO"[150, 30, 15, 15] c2 = (indicator2 >= 260) indicator3 = ExponentialAverage[5](close) indicator4 = ExponentialAverage[17](close) c3 = (indicator3 > indicator4) indicator5 = ExponentialAverage[62](close) indicator6 = ExponentialAverage[5](close) c4 = (indicator5 < indicator6) IF (c1 AND c2 AND c3 AND c4) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry AND LastTradeDate<>OpenDate THEN BUY 1 CONTRACT AT MARKET LastTradeDate = OpenDate ENDIF // Conditions to enter short positions indicator7 = RSI[7](close) c5 = (indicator7 <= 22) ignored, ignored, ignored, ignored, ignored, indicator8, ignored = CALL "WA Explosion COMBO"[150, 30, 15, 15] c6 = (indicator8 >= 260) indicator9 = ExponentialAverage[5](close) indicator10 = ExponentialAverage[17](close) c7 = (indicator9 < indicator10) indicator11 = ExponentialAverage[62](close) indicator12 = ExponentialAverage[5](close) c8 = (indicator11 > indicator12) IF (c5 AND c6 AND c7 AND c8) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry AND LastTradeDate<>OpenDate THEN SELLSHORT 1 CONTRACT AT MARKET LastTradeDate = OpenDate ENDIF // Stops and targets SET STOP pLOSS 14 SET TARGET pPROFIT 25 //************************************************************************ // trailing stop function (fixed after breakeven) //reset the stoploss value IF NOT ONMARKET THEN trailingstart = 10 //10 trailing will start @trailinstart points profit trailingstep = 5 //5 trailing step to move the "stoploss" initialSL = 14 //14 initial SL when a trade is entered newSL = 0 ENDIF //manage long positions IF LONGONMARKET THEN CurrentProfit = close - tradeprice(1) //first move IF newSL = 0 AND CurrentProfit >= (trailingstart * pipsize) THEN newSL = tradeprice(1) + (trailingstep * pipsize) - (initialSL * pipsize) InitialSL = initialSL - (trailingstep * pipsize) ENDIF //next moves IF newSL > 0 AND (close - newSL) >= (trailingstep * pipsize) AND initialSL > 0 THEN newSL = newSL + min(trailingstep * pipsize,initialSL * pipsize) initialSL = max(0,initialSL - (trailingstep * pipsize)) ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN CurrentProfit = tradeprice(1) - close //first move IF newSL = 0 AND CurrentProfit >= (trailingstart * pipsize) THEN newSL = tradeprice(1) - (trailingstep * pipsize) + (initialSL * pipsize) InitialSL = initialSL - (trailingstep * pipsize) ENDIF //next moves IF newSL > 0 AND (newSL - close) >= (trailingstep * pipsize) AND initialSL > 0 THEN newSL = newSL - min(trailingstep * pipsize,initialSL * pipsize) initialSL = max(0,initialSL - (trailingstep * pipsize)) ENDIF ENDIF //stop order to exit the positions IF newSL > 0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated Once LastTradeDate = 0   // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 090000 timeEnterBefore = time >= noEntryBeforeTime   // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 160000 timeEnterAfter = time < noEntryAfterTime   // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0   // Conditions to enter long positions indicator1 = RSI[7](close) c1 = (indicator1 >= 83) ignored, ignored, ignored, ignored, indicator2, ignored, ignored = CALL "WA Explosion COMBO"[150, 30, 15, 15] c2 = (indicator2 >= 260) indicator3 = ExponentialAverage[5](close) indicator4 = ExponentialAverage[17](close) c3 = (indicator3 > indicator4) indicator5 = ExponentialAverage[62](close) indicator6 = ExponentialAverage[5](close) c4 = (indicator5 < indicator6)   IF (c1 AND c2 AND c3 AND c4) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry AND LastTradeDate<>OpenDate THEN   BUY 1 CONTRACT AT MARKET LastTradeDate = OpenDate   ENDIF   // Conditions to enter short positions indicator7 = RSI[7](close) c5 = (indicator7 <= 22) ignored, ignored, ignored, ignored, ignored, indicator8, ignored = CALL "WA Explosion COMBO"[150, 30, 15, 15] c6 = (indicator8 >= 260) indicator9 = ExponentialAverage[5](close) indicator10 = ExponentialAverage[17](close) c7 = (indicator9 < indicator10) indicator11 = ExponentialAverage[62](close) indicator12 = ExponentialAverage[5](close) c8 = (indicator11 > indicator12)   IF (c5 AND c6 AND c7 AND c8) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry AND LastTradeDate<>OpenDate THEN   SELLSHORT 1 CONTRACT AT MARKET LastTradeDate = OpenDate   ENDIF   // Stops and targets SET STOP pLOSS 14 SET TARGET pPROFIT 25 //************************************************************************ //              trailing stop function (fixed after breakeven) //reset the stoploss value IF NOT ONMARKET THEN trailingstart = 10        //10   trailing will start @trailinstart points profit trailingstep  = 5        //5   trailing step to move the "stoploss" initialSL     = 14       //14  initial SL when a trade is entered newSL         = 0 ENDIF //manage long positions IF LONGONMARKET THEN CurrentProfit = close - tradeprice(1) //first move IF newSL = 0 AND CurrentProfit >= (trailingstart * pipsize) THEN newSL     = tradeprice(1) + (trailingstep * pipsize) - (initialSL * pipsize) InitialSL = initialSL - (trailingstep * pipsize) ENDIF //next moves IF newSL > 0 AND (close - newSL) >= (trailingstep * pipsize) AND initialSL > 0 THEN newSL     = newSL + min(trailingstep * pipsize,initialSL * pipsize) initialSL = max(0,initialSL - (trailingstep * pipsize)) ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN CurrentProfit = tradeprice(1) - close //first move IF newSL = 0 AND CurrentProfit >= (trailingstart * pipsize) THEN newSL     = tradeprice(1) - (trailingstep * pipsize) + (initialSL * pipsize) InitialSL = initialSL - (trailingstep * pipsize) ENDIF //next moves IF newSL > 0 AND (newSL - close) >= (trailingstep * pipsize) AND initialSL > 0 THEN newSL     = newSL - min(trailingstep * pipsize,initialSL * pipsize) initialSL = max(0,initialSL - (trailingstep * pipsize)) ENDIF ENDIF //stop order to exit the positions IF newSL > 0 THEN SELL      AT newSL STOP EXITSHORT AT newSL STOP ENDIF

   

   

   

   

  

  adeelq79

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  10/05/2019 at 12:18 PM #109339
  GraHal

  You are now making it more difficult / confusing  as you now have two different codes for Trailing Stop issues … in the same Topic.

  You would have been better opening a new Topic for the second Trailing Stop code issue so then it keeps it simple and the reading quicker etc for folks wanting to help .

  Thanks for WA Explosion Combo, I will run it later, but I have now run out time now after I had to put both your codes above into the diff checker below to check out the differences! 🙂

  https://www.diffchecker.com/diff

  

  GraHal

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  10/05/2019 at 12:24 PM #109340
  Vonasi

  Line 82 in the code in your first post makes no sense.

  IF SHORTONMARKET AND close-tradeprice(1)-close>startBreakeven*pipsize THEN

  1	IF SHORTONMARKET AND close-tradeprice(1)-close>startBreakeven*pipsize THEN

  should be changed to this:

  IF SHORTONMARKET AND tradeprice(1)-close >= startBreakeven*pipsize THEN

  1	IF SHORTONMARKET AND tradeprice(1)-close >= startBreakeven*pipsize THEN

   

   

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  GraHal

  

  Vonasi

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  10/05/2019 at 12:40 PM #109343
  adeelq79

  Thank you both.

   

  Apologies I thought I was making it easier by introducing another type of code (sorry new to this).

   

  Will try that amendment Vonasi Thanks.

   

  Adeel

  

  adeelq79

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