Hi all,

I have been playing with the standard breakeven trailing from Prorealcode, and I have been creating different levels to be more accurate and take better advantage of the positive side of the operation. I noticed that the breakeven was at 20 pips, but the operation moved to 80 pips to later close in 20pips.  It is pretty much the same than Nicolas’ MFE trailing, but just changing the names 🙂

In any case, something is missing since I noticed that it does not work as it supposes. Probably, something is missing, so I am posting the code below an attaching a pic of an example, with the hope that anyone will identify the mistake.

// TRAILING ////////////////////////////////////////////////////////////////////////////////////////////////////////
//how much pips/points in gain to activate the breakeven function
startbreakeven2 = 5
startbreakeven3 = 10
startbreakeven4 = 15
startbreakeven5 = 20
startbreakeven6 = 25
startbreakeven7 = 30
startbreakeven8 = 40
startbreakeven9 = 50
startbreakeven10 = 60
startbreakeven11 = 80
startbreakeven12 = 100

//how much pips/points to keep in profit above of below our entry price when the breakeven is activated
pointstokeep2 = 4
pointstokeep3 = 8
pointstokeep4 = 12
pointstokeep5 = 16
pointstokeep6 = 20
pointstokeep7 = 24
pointstokeep8 = 30
pointstokeep9 = 40
pointstokeep10 = 48
pointstokeep11 = 60
pointstokeep12 = 80


//reset the breakevenLevel when no trade are on market
IF NOT ONMARKET THEN
breakevenlevel=0
ENDIF

// LONGs
// test if the price have moved favourably of "startBreakeven" points already
//IF LONGONMARKET AND close-tradeprice(1)<startbreakeven0*pipsize AND close-tradeprice(1)<startbreakeven1*pipsize THEN
////calculate the breakevenLevel
//breakevenlevel = tradeprice(1)-pointstokeep0*pipsize
//ENDIF

// test if the price have moved favourably of "startBreakeven" points already
//IF LONGONMARKET AND close-tradeprice(1)>=startbreakeven1*pipsize AND close-tradeprice(1)<startbreakeven2*pipsize THEN
////calculate the breakevenLevel
//breakevenlevel = tradeprice(1)+pointstokeep1*pipsize
//ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF LONGONMARKET AND close-tradeprice(1)>=startbreakeven2*pipsize AND close-tradeprice(1)<startbreakeven3*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)+pointstokeep2*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF LONGONMARKET AND close-tradeprice(1)>=startbreakeven3*pipsize AND close-tradeprice(1)<startbreakeven4*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)+pointstokeep3*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF LONGONMARKET AND close-tradeprice(1)>=startbreakeven4*pipsize AND close-tradeprice(1)<startbreakeven5*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)+pointstokeep4*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF LONGONMARKET AND close-tradeprice(1)>=startbreakeven5*pipsize AND close-tradeprice(1)<startbreakeven6*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)+pointstokeep5*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF LONGONMARKET AND close-tradeprice(1)>=startbreakeven6*pipsize AND close-tradeprice(1)<startbreakeven7*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)+pointstokeep6*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF LONGONMARKET AND close-tradeprice(1)>=startbreakeven7*pipsize AND close-tradeprice(1)<startbreakeven8*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)+pointstokeep7*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF LONGONMARKET AND close-tradeprice(1)>=startbreakeven8*pipsize AND close-tradeprice(1)<startbreakeven9*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)+pointstokeep8*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF LONGONMARKET AND close-tradeprice(1)>=startbreakeven9*pipsize AND close-tradeprice(1)<startbreakeven10*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)+pointstokeep9*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF LONGONMARKET AND close-tradeprice(1)>=startbreakeven10*pipsize AND close-tradeprice(1)<startbreakeven11*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)+pointstokeep10*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF LONGONMARKET AND close-tradeprice(1)>=startbreakeven11*pipsize AND close-tradeprice(1)<startbreakeven12*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)+pointstokeep11*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF LONGONMARKET AND close-tradeprice(1)>=startbreakeven12*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)+pointstokeep12*pipsize
ENDIF





// SHORTs
// test if the price have moved favourably of "startBreakeven" points already
//IF SHORTONMARKET AND tradeprice(1)-close<startbreakeven0*pipsize AND tradeprice(1)-close<startbreakeven1*pipsize THEN
////calculate the breakevenLevel
//breakevenlevel = tradeprice(1)+pointstokeep0*pipsize
//ENDIF
// test if the price have moved favourably of "startBreakeven" points already
//IF SHORTONMARKET AND tradeprice(1)-close>=startbreakeven1*pipsize AND tradeprice(1)-close<startbreakeven2*pipsize THEN
////calculate the breakevenLevel
//breakevenlevel = tradeprice(1)-pointstokeep1*pipsize
//ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF SHORTONMARKET AND tradeprice(1)-close>=startbreakeven2*pipsize AND tradeprice(1)-close<startbreakeven3*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)-pointstokeep2*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF SHORTONMARKET AND tradeprice(1)-close>=startbreakeven3*pipsize AND tradeprice(1)-close<startbreakeven4*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)-pointstokeep3*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF SHORTONMARKET AND tradeprice(1)-close>=startbreakeven4*pipsize AND tradeprice(1)-close<startbreakeven5*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)+pointstokeep4*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF SHORTONMARKET AND tradeprice(1)-close>=startbreakeven5*pipsize AND tradeprice(1)-close<startbreakeven6*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)-pointstokeep5*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF SHORTONMARKET AND tradeprice(1)-close>=startbreakeven6*pipsize AND tradeprice(1)-close<startbreakeven7*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)-pointstokeep6*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF SHORTONMARKET AND tradeprice(1)-close>=startbreakeven7*pipsize AND tradeprice(1)-close<startbreakeven8*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)-pointstokeep7*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF SHORTONMARKET AND tradeprice(1)-close>=startbreakeven8*pipsize AND tradeprice(1)-close<startbreakeven9*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)-pointstokeep8*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF SHORTONMARKET AND tradeprice(1)-close>=startbreakeven9*pipsize AND tradeprice(1)-close<startbreakeven10*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)-pointstokeep9*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF SHORTONMARKET AND tradeprice(1)-close>=startbreakeven10*pipsize AND tradeprice(1)-close<startbreakeven11*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)-pointstokeep10*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF SHORTONMARKET AND tradeprice(1)-close>=startbreakeven11*pipsize AND tradeprice(1)-close<startbreakeven12*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)-pointstokeep11*pipsize
ENDIF
// test if the price have moved favourably of "startBreakeven" points already
IF SHORTONMARKET AND tradeprice(1)-close>=startbreakeven12*pipsize THEN
//calculate the breakevenLevel
breakevenlevel = tradeprice(1)-pointstokeep12*pipsize
ENDIF

//place the new stop orders on market at breakevenLevel
IF breakevenlevel>0 THEN
SELL AT breakevenlevel STOP
EXITSHORT AT breakevenlevel STOP
ENDIF

I am also attaching a pic of an example that is driving me crazy. Short operation and the close of the candle reaches 16,8 pips, which it should activate the STOP order in tradeprice(1)-12pipsize. Something is missing and I don’t see it because it touches the SL=30.

Thanks, good trading and profitable week,

Juan

Screen-Shot-2018-02-19-at-00.31.49.png