Breakeven code modification

• 02/19/2018 at 12:45 AM #63076
  Juan Salas

  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

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177

  // 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

   

  

  Juan Salas

  Participant

  Topics: 39

  Replies: 246

  Been thanked: 63 times
  02/19/2018 at 12:48 AM #63078
  Juan Salas

  Correction: When I said the close of the candle reaches 16,8 pips, I meant trade price(1)-close=16,8 pips. Once the operation opens in the middle of the candle  until the close of the short candle=16,8 pips. It should activate the breakevenlevel with pointstokeep4.

  

  Juan Salas

  Participant

  Topics: 39

  Replies: 246

  Been thanked: 63 times
  09/15/2020 at 9:39 AM #144303
  ginko

  Long time post, and you might already know the answer as you are a master now…. At least you can confirm/infirm whether I am correct in my findings.

  Personally, I tend to use the Method B below as long as I can, and Method A as an alternate if I cannot use the B one.

  Anyway, looking into how PRT works I think that any position is taken at the close of the current bar (for EXITSTOP / SELL), and not while you are in the current candle (evaluation of IF breakevenlevel>0 THEN…).

  So what you what to do is

  A/ either add he other way is use multiple time frames (TF), a  TF  to control your entries (as you sue it on your graph), and one TF way shorter to control your exits, the difficulty being that :

  A1/ Your longest timeframe need to be multiple of your shorter one.

  A2/ The display of your graph needs to be in the shortest timeframe.

  That is probably the easiest solution for a custom trailing but cannot avoid some high volatility bars (anyway, even a STOP order would not ensure you sell at the precise exit point if there is some sudden peak in volatility).

  B/ If doable: Define a stop point before entering the next candle (that is calculating the exit point in advance for the next bar, as the current one completes, it is also know at as a reverse engineering of an indicator (for example, it is very easy to set for a normal moving average, by it can become more complicated for some indicators like exponential moving average RSI, MACD, and so on).

  

  ginko

  Participant

  Topics: 2

  Replies: 46

  Been thanked: 5 times
  09/15/2020 at 9:49 AM #144306
  ginko

  Typo “(as you sue it on your graph)”, should be “(as you use on your graph)”,

  

  ginko

  Participant

  Topics: 2

  Replies: 46

  Been thanked: 5 times
• Author
  Posts