Code a DOUBLE STOP at opening price candle and turn it into a TRAILING STOP ???

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07/31/2025 at 11:12 PM #249226 quote

Danield
Participant

Junior

Hello everyone, I’m new here and this is my first post 😊
I’m just starting to learn programming and I want to create an automated trading robot in PRT (ProRealTime), which I’ve been using manually in demo mode for the past 2 months.

My idea is to create a code that will execute at a specific time (my research led me to use TIME=153000, on the 1-minute timeframe).

At exactly 15:30:00, I want to place two STOP orders, each 10 points away from the opening price of the 15:30 candle (or from the close of the 15:29 candle).

Let’s imagine an opening price at 15:30:00 of $100. I want to place the first STOP at $90 (in case the price goes up) and the second STOP at $110 (in case the price goes down).
The first of the two stops that gets triggered by the price will become a market order, and the other will remain a STOP order.

This setup allows taking a position regardless of which direction the price moves at the candle’s opening.

I’ve already done this manually, but I don’t know how to code it.
Does anyone have an idea to help me? A code example would be great too.

(Super) Bonus question: Once one of the stops has been triggered and becomes a market order, can the other one be transformed into a trailing stop instead of remaining a fixed stop?

Thanks so much in advance!

08/01/2025 at 11:00 AM #249237 quote
Iván González
Moderator

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Hi! here you have:
```
DEFPARAM CumulateOrders = False
dist=10
once inTrade = 0

IF opentime = 152900 THEN
   basePrice = close
   stopBuyPrice = basePrice + dist * pointsize
   stopSellPrice = basePrice - dist * pointsize
   inTrade = 1
ENDIF

IF inTrade = 1 THEN
   IF NOT longonmarket AND NOT shortonmarket THEN
      BUY AT stopBuyPrice STOP
      SELLSHORT AT stopSellPrice STOP
   ENDIF
ENDIF
if onmarket then
   inTrade = 0
   SET STOP ploss dist
endif
//---Graph
graphonprice basePrice coloured("blue")
graphonprice stopSellPrice coloured("red")
graphonprice stopBuyPrice coloured("green")
```
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Code a DOUBLE STOP at opening price candle and turn it into a TRAILING STOP ???

ProOrder: Automated Strategies & Backtesting

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Danield @danield Participant

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This topic contains 1 reply,
has 2 voices, and was last updated by Iván González
1 year, 1 month ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	07/31/2025
Status:	Active
Attachments:	No files