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

DeathMetal · 2024-05-20T12:04:05+00:00

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

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05/20/2024 at 1:04 PM #232815 quote

DeathMetal
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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

05/20/2024 at 2:09 PM #232819 quote

Iván González
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Could you share the code?

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

DeathMetal
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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

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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

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