change points to trailing stop percentages

• 12/02/2022 at 10:30 AM #205163
  sublime06

  Hi, I can’t seem to change the code to work in percent, and I don’t know how to change the variables. thank you

   

  once trailinstop= ActiveTs
  trailingstart = TS
  trailingstep = TsStep
  once breakeaven = ActiveBE
  startBreakeven = StartBe
  PointsToKeep = PointBe
  if trailinstop>0 then
  IF NOT ONMARKET THEN
  newSL=0
  ENDIF
  IF LONGONMARKET THEN
  IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN
  newSL = tradeprice(1)+trailingstep*pipsize
  ENDIF
  IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN
  newSL = newSL+trailingstep*pipsize
  ENDIF
  ENDIF
  IF SHORTONMARKET THEN
  IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN
  newSL = tradeprice(1)-trailingstep*pipsize
  ENDIF
  IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN
  newSL = newSL-trailingstep*pipsize
  ENDIF
  ENDIF
  IF newSL>0 THEN
  SELL AT newSL STOP
  EXITSHORT AT newSL STOP
  ENDIF
  endif
  if breakeaven>0 then
  IF NOT ONMARKET THEN
  breakevenLevel=0
  ENDIF
  IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN
  breakevenLevel = tradeprice(1)+PointsToKeep*pipsize
  ENDIF
  IF breakevenLevel>0 THEN
  SELL AT breakevenLevel STOP
  ENDIF
  IF SHORTONMARKET AND tradeprice(1)-close>startBreakeven*pipsize THEN
  breakevenLevel = tradeprice(1)-PointsToKeep*pipsize
  ENDIF
  IF breakevenLevel>0 THEN
  EXITSHORT AT breakevenLevel STOP
  ENDIF
  ENDIF

  

  sublime06

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  12/02/2022 at 11:20 AM #205166
  Nicolas

  Use the default instruction for trailing stop in percent: https://www.prorealcode.com/documentation/percenttrailing/

  or look in this thread, there are many version of trailing stop: https://www.prorealcode.com/topic/trailing-stop-and-breakeven-codes/

   

  

  Nicolas

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  12/02/2022 at 11:49 AM #205168
  sublime06

  thank you, I had already seen, but the problem I can not change in the variables of the file, and I deleted them, if someone could do it. Thanks

  

  sublime06

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  12/02/2022 at 12:00 PM #205173
  robertogozzi

  This a modified version of Nicolas’ code to use percentages:

  //********************************************************************************* // https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/ // (lines 17- 56) // using Percentages // //trailing stop function // StartPerCent = 0.5 //Trailing Stop will activate after 0.5% gain StepPerCent = 0.1 //Trailing Steps will occur at any further 0.1% gain // trailingstart = PositionPrice * StartPerCent / 100 / PipSize trailingstep = PositionPrice * StepPerCent / 100 / PipSize // //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-PositionPrice>=trailingstart*pipsize THEN newSL = PositionPrice+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = max(newSL,newSL+trailingstep*pipsize) ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND PositionPrice-close>=trailingstart*pipsize THEN newSL = PositionPrice-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = min(newSL,newSL-trailingstep*pipsize) ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //********************************************************************************* //graphonprice PositionPrice coloured("Blue") //graphonprice newSL coloured("Red") //graph TrailingStart //graph TrailingStep

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  //********************************************************************************* // https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/ // (lines 17- 56) // using Percentages // //trailing stop function // StartPerCent  = 0.5    //Trailing Stop will activate after 0.5% gain StepPerCent   = 0.1    //Trailing Steps will occur at any further 0.1% gain // trailingstart = PositionPrice * StartPerCent / 100 / PipSize trailingstep  = PositionPrice * StepPerCent  / 100 / PipSize // //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-PositionPrice>=trailingstart*pipsize THEN newSL = PositionPrice+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = max(newSL,newSL+trailingstep*pipsize) ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND PositionPrice-close>=trailingstart*pipsize THEN newSL = PositionPrice-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = min(newSL,newSL-trailingstep*pipsize) ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //********************************************************************************* //graphonprice PositionPrice coloured("Blue") //graphonprice newSL         coloured("Red") //graph TrailingStart //graph TrailingStep

   

  

  robertogozzi

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  12/02/2022 at 12:12 PM #205174
  sublime06

  thanks, Roberto, my concern is to modify in the variables. Even the file I couldn’t attach it so bad I suck. i found here thank.

   

  

  sublime06

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  12/02/2022 at 3:56 PM #205187
  Nicolas

  Don’t fool us, telling you are not the author of that file! 😆

  It’s a pity for you to waste our time, just to disguise your advertising, and by using mutliple profiles on the website to hide yourself not being sufficiently good at math to convert points distance in percent. It is a shame.

  

  Nicolas

  Keymaster

  Topics: 81

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