Code query Trailing stop

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

    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

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

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

    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! 🙂

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

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

    05/23/2018 at 10:41 AM #71161 quote
    Vonasi
    Moderator
    Master
    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!

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Code query Trailing stop


ProOrder: Automated Strategies & Backtesting

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Author
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ChrisNYE @chrisnye Participant
Summary

This topic contains 4 replies,
has 3 voices, and was last updated by Vonasi
7 years, 9 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 05/21/2018
Status: Active
Attachments: No files
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