Breakeven with Different Factor

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  • 05/07/2020 at 10:24 AM #130410 quote
    Francesco
    Participant
    Veteran

    Hey guys, i was thinking about a new kind of breakeven type, let me know if you think it could be helpful.

    I open a long position, target 100, startbreakeven 50, pointstokeep 20.
    Let’s suppose that the breakeven start is triggered, but the price does not go to the target and does not go to the pointstokeep but the asset remains stable where it is in a lateral trend.
    What if we integrate a factor (es: time/volatility indicator/bullish or bearish indicator or wathever you want) that pushs up the pointstokeep?

    “if im x points around the startbreakeven for y time push up the pointsokeep level”

    “if im x points around the startbreakeven and the indicator shows me that the trend is enforcing in a bullish action push up the pointsokeep level”

    “if im x points around the startbreakeven and the indicator shows me that the volatility is very low push up the pointsokeep level”

    Just some ideas.

    It’s kind of a variation of the trailing stop not based on the effective price growth but on a factor chosen by the user.
    Do you think it makes sense or it’s just useless?

    05/07/2020 at 10:51 AM #130414 quote
    robertogozzi
    Moderator
    Master

    I wrote this kind of Trailing Stop that increments the step each new candle https://www.prorealcode.com/topic/breakeeven-trailing-profit/.

    Francesco thanked this post
    05/07/2020 at 11:57 AM #130422 quote
    Vonasi
    Moderator
    Master

    I also coded something that I think I put in a topic on these forums where if you are long and price falls then the stop gets moved closer to price but if price rises then it gets moved further away or does not move at all. It moves faster towards price than it does away from it. After a lot of testing I found that the amount of stop loss level you start with was absolutely critical to how well it performed and I concluded that it was just another curve fit trailing stop on history.

    Francesco and swedshare thanked this post
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Breakeven with Different Factor


ProOrder: Automated Strategies & Backtesting

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Francesco @francesco_petrone Participant
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This topic contains 2 replies,
has 3 voices, and was last updated by Vonasi
5 years, 9 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 05/07/2020
Status: Active
Attachments: No files
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