Cann’t you use a ttrailingstop and a stoploss together?

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  • 05/20/2024 at 1:04 PM #232815 quote
    DeathMetal
    Participant
    New

    Hello,

    I have noticed strange results after using a trailingstop and a stoploss together.

    See picture, the trade is closed by the trailingstop instead by the stoploss.

    System on DAX:

    SET TARGET pPROFIT 61
    SET STOP pLOSS 34
    SET STOP PTRAILING 55

    afbeelding_2024-05-20_135810313.png afbeelding_2024-05-20_135810313.png
    05/20/2024 at 2:09 PM #232819 quote
    Iván González
    Moderator
    Master

    Could you share the code?

    05/20/2024 at 4:10 PM #232828 quote
    DeathMetal
    Participant
    New

    Sorry, I don’t want to share the code, because I’ve put a lot of time and money into this to get as far as I have now.
    The code of the stop loss etc. is below the programming instructions.

    I have often encountered it in other systems I have created that one of the two does not work.

    05/20/2024 at 7:43 PM #232839 quote
    GraHal
    Participant
    Master

    Yes the lower / last instruction re a stop loss cancels any previous instruction re a stop loss.

    pTrailing cancels / negates / renders ineffective pLoss as written below.

    SET TARGET pPROFIT 61
SET STOP pLOSS 34
SET STOP PTRAILING 55
    DeathMetal thanked this post
    05/21/2024 at 4:03 PM #232887 quote
    robertogozzi
    Moderator
    Master

    Yes, is GraHal right. You can’t have two different kind of STOP LOSS, the last one always overrides any previous one.

    DeathMetal thanked this post
    05/21/2024 at 6:12 PM #232894 quote
    DeathMetal
    Participant
    New

    This should do the trick….

     

     

     /////  trailingstop for long and short   /////////////////////
//////////////////////////////////////////////////////////////


/// Reset variables
IF NOT ONMARKET  THEN
LaagsteKoers=1000000
HoogsteKoers=0
ENDIF

once UitstapOpTSL=15  // points to trail for long
once UitstapOpTSS=20  // points to trail for short


//////////////   LONG    /////////////////////////////
If LongOnMarket AND HoogsteKoers=0 THEN
OpeningsprijsL= close
Hoogstekoers=openingsprijsL
ENDIF 

//  Determine highest high
If LONGONMARKET THEN 
DezeHigh= high
If DezeHigh > HoogsteKoers then
Hoogstekoers=DezeHigh
ENDIF 
ENDIF 


//Sell trade if close< highest high- x points (UitstapOpTSL )
IF (close < (Hoogstekoers - UitstapOpTSL)) and LONGONMARKET  then
SELL AT MARKET
ENDIF 



/////////////////  SHORT          ////////////////////////////////////////////


IF ShortOnMarket AND LaagsteKoers=1000000 THEN
OpeningsprijsS= close
Laagstekoers=openingsprijsS
ENDIF 


IF ShortOnMarket THEN
DezeLow= low
If DezeLow < laagsteKoers then
LaagsteKoers=DezeLow
endif
ENDIF



IF (close >  (Laagstekoers + UitstapOpTSS)) and SHORTONMARKET  then
EXITSHORT AT MARKET
endif


SET TARGET pPROFIT 75
SET STOP pLOSS 45


///  Exit by trailingstop is at market, only use this on small timeframes!!
    05/21/2024 at 6:24 PM #232895 quote
    DeathMetal
    Participant
    New

    BTW, points for  trailingstops must be larger then your stoploss, this was only for test purposes.

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Cann’t you use a ttrailingstop and a stoploss together?


ProOrder: Automated Strategies & Backtesting

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DeathMetal @deathmetal Participant
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This topic contains 6 replies,
has 4 voices, and was last updated by DeathMetal
1 year, 9 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 05/20/2024
Status: Active
Attachments: 1 files
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