Code check please – keep me in the trade if a stoploss is hit?

• 11/24/2017 at 1:48 PM #53850
  MattyJ

  Hi guys,  Could I just ask for someone to cast an eye over this code to see if there are any issues with it. For example, will it keep me in the trade if a stoploss is hit? 

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter long positions indicator1 = Average[14](close) indicator2 = Average[30](close) c1 = (indicator1 > indicator2) indicator3 = Average[30](close) indicator4 = Average[50](close) c2 = (indicator3 > indicator4) indicator5 = Average[14](close) c3 = (close CROSSES UNDER indicator5) indicator6 = Average[30](close) c4 = (close > indicator6) IF c1 AND c2 AND c3 AND c4 THEN BUY 1 PERPOINT AT MARKET ENDIF IF c1 THEN SELL AT MARKET ENDIF // Conditions to enter short positions indicator7 = Average[14](close) indicator8 = Average[30](close) c5 = (indicator7 < indicator8) indicator9 = Average[30](close) indicator10 = Average[50](close) c6 = (indicator9 < indicator10) indicator11 = Average[14](close) c7 = (close CROSSES OVER indicator11) indicator12 = Average[30](close) c8 = (close < indicator12) IF c5 AND c6 AND c7 AND c8 THEN SELLSHORT 1 PERPOINT AT MARKET ENDIF IF c2 THEN EXITSHORT AT MARKET ENDIF // Stops and targets SET STOP pLOSS 25 ptrailing 25 SET TARGET pPROFIT 150

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Conditions to enter long positions indicator1 = Average[14](close) indicator2 = Average[30](close) c1 = (indicator1 > indicator2) indicator3 = Average[30](close) indicator4 = Average[50](close) c2 = (indicator3 > indicator4) indicator5 = Average[14](close) c3 = (close CROSSES UNDER indicator5) indicator6 = Average[30](close) c4 = (close > indicator6)   IF c1 AND c2 AND c3 AND c4 THEN BUY 1 PERPOINT AT MARKET ENDIF   IF c1 THEN SELL AT MARKET ENDIF // Conditions to enter short positions indicator7 = Average[14](close) indicator8 = Average[30](close) c5 = (indicator7 < indicator8) indicator9 = Average[30](close) indicator10 = Average[50](close) c6 = (indicator9 < indicator10) indicator11 = Average[14](close) c7 = (close CROSSES OVER indicator11) indicator12 = Average[30](close) c8 = (close < indicator12)   IF c5 AND c6 AND c7 AND c8 THEN SELLSHORT 1 PERPOINT AT MARKET ENDIF   IF c2 THEN EXITSHORT AT MARKET ENDIF   // Stops and targets SET STOP pLOSS 25 ptrailing 25 SET TARGET pPROFIT 150

    Thanks,  

  

  MattyJ

  Participant

  Topics: 4

  Replies: 8

  Been thanked: 0 times
  11/24/2017 at 4:09 PM #53866
  robertogozzi

  STOP LOSS is an order to close a trade, so when it’s entered your trade will end.

  Line 44 cannot be written that way (despite what PRT documentation says), you have to either write one of these (your choice):

  SET STOP pLOSS 25 SET STOP ptrailing 25

  1 2	SET STOP pLOSS 25 SET STOP ptrailing 25

  Roberto

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16466

  Been thanked: 3641 times
  11/24/2017 at 4:18 PM #53867
  robertogozzi

  There are some duplicates, lines 5-14 can be written:

  indicator1 = Average[14](close) indicator2 = Average[30](close) c1 = (indicator1 > indicator2) //indicator3 = Average[30](close) indicator4 = Average[50](close) c2 = (indicator2 > indicator4) indicator5 = Average[14](close) c3 = (close CROSSES UNDER indicator5) //indicator6 = Average[30](close) c4 = (close > indicator2)

  1 2 3 4 5 6 7 8 9 10

  indicator1 = Average[14](close) indicator2 = Average[30](close) c1 = (indicator1 > indicator2) //indicator3 = Average[30](close) indicator4 = Average[50](close) c2 = (indicator2 > indicator4) indicator5 = Average[14](close) c3 = (close CROSSES UNDER indicator5) //indicator6 = Average[30](close) c4 = (close > indicator2)

  For the rest, it’s your strategy, try to test and optimize it, compare it to other strategiesyou may find here and over the web and… have fun autotrading!

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16466

  Been thanked: 3641 times
  11/24/2017 at 4:46 PM #53869
  MattyJ

  Hi Roberto,

  Thanks very much for your help. The Simplified creator in PRT codes it as 

  // Stops and targets SET STOP pLOSS 25 pTRAILING 25

  1 2	// Stops and targets SET STOP pLOSS 25 pTRAILING 25

  Are you saying that’s incorrect and won’t work as a trailing stop 25 points behind profit? If so that is a pretty major flaw in their software right?

  

  MattyJ

  Participant

  Topics: 4

  Replies: 8

  Been thanked: 0 times
  11/24/2017 at 6:22 PM #53873
  robertogozzi

  Yest, it is.

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16466

  Been thanked: 3641 times
  11/27/2017 at 5:44 PM #54159
  Nicolas

  @Mattyj

  To be perfectly clear, these 2 combined instructions are not possible with ProOrder through IG. But works ok in demo/paper trading.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20828

  Been thanked: 4739 times
• Author
  Posts