Code query Trailing stop

• 05/21/2018 at 9:27 PM #71034
  ChrisNYE

  Hello,

  I need help in the coding of a trailing stop strategy.

  As a hypothetical example I am risking 200 (1xATR) pips stop loss to take profit at 800 (4xATR) pips limit order. Q: What is the code to trail my stop to break even after the price has moved 400 (2xATR) pips in my favour?

  Thank you

   

  

  ChrisNYE

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  05/22/2018 at 4:21 PM #71119
  Nicolas

  You can test this simple code example, for a long order: (I assume “400” is in points, not money).

  if not onmarket then breakeven=0 endif if longonmarket then if close-tradeprice(1)>=400 then breakeven = 1 endif if breakeven then sell at tradeprice(1) stop endif endif

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  if not onmarket then breakeven=0 endif   if longonmarket then if close-tradeprice(1)>=400 then   breakeven = 1 endif if breakeven then   sell at tradeprice(1) stop endif endif

   

  

  Nicolas

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  05/22/2018 at 10:40 PM #71130
  Vonasi

  This may have been better posted in the ProOrder Forum as it is auto trading related rather here which is for indicator related topics.

  Just pointing it out as I spotted that this is only your third topic started and you might not have worked out where the best place to go for help is yet! 🙂

  

  Vonasi

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  05/23/2018 at 8:21 AM #71141
  Nicolas

  Good spot @Vonasi ! You are a moderator who does not know himself! Interested?

  

  Nicolas

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  05/23/2018 at 10:41 AM #71161
  Vonasi

  Nicolas wrote:

  Good spot @vonasi ! You are a moderator who does not know himself! Interested?

  I’m flattered but not sure what it would really involve. Do you have my email address on record to email me to chat about it?

  If you are serious that is!

  

  Vonasi

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