"Combined stops cannot be used in ProOrder"

• 09/27/2016 at 4:27 AM #13776
  MikeGC

  Can anyone assist please, with the meaning of the above quote from ProOrder.  It occurs when I added the trailing stop loss to the MGC Trend Chaser code “SET STOP $LOSS 200 $TRAILING 50”

  If I REM out the “$TRAILING 50” it makes no difference, so it can’t mean that the standard stop loss is combined with the trailing stop loss.

  The back test is spectacular but without being able to run it in ProOrder, it is useless.

  //------------------------------------------------------------------------- // Main code : MGC Trend Chaser with Trailing Stop //------------------------------------------------------------------------- /// Definition of code parameters DEFPARAM CumulateOrders = false // Cumulating positions deactivated COI = WEIGHTEDAVERAGE[14](ROC[11]+ROC[10]) MAC= MACDline[12,26,9](close) STO = Stochastic[14,5](close) ST = supertrend[3.3,2] // Conditions to enter long positions c1 = (COI > COI[1]) c2 = (MAC > MAC[1]) c3 = (STO > 20) c4 = (STO < 40) c5 = (STO > STO[1]) c6 = COI < 0 IF HIGHEST[5](c1)=1 AND HIGHEST[5](c2)=1 AND HIGHEST[5](c3)=1 AND HIGHEST[5](c4)=1 AND HIGHEST[5](c5)=1 AND c6 AND NOT ONMARKET THEN BUY 1 CONTRACT AT MARKET ENDIF //Trailing Stop Loss - not avbailable in ProOrder SET STOP $LOSS 200 $TRAILING 50 //Exit IF Close CROSSES UNDER ST THEN SELL AT MARKET ENDIF // Conditions to enter short positions c11 = (COI < COI[1]) c12 = (MAC < MAC[1]) c13 = (STO < 80) c14 = (STO > 60) c15 = (STO < STO[1]) c16 = COI > 0 IF HIGHEST[5](c11)=1 AND HIGHEST[5](c12)=1 AND HIGHEST[5](c13)=1 AND HIGHEST[5](c14)=1 AND HIGHEST[5](c15)=1 AND c16 AND NOT ONMARKET THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF //Exit IF close CROSSES OVER ST THEN EXITSHORT AT MARKET ENDIF

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  //------------------------------------------------------------------------- // Main code : MGC Trend Chaser with Trailing Stop //------------------------------------------------------------------------- /// Definition of code parameters DEFPARAM CumulateOrders = false // Cumulating positions deactivated   COI = WEIGHTEDAVERAGE[14](ROC[11]+ROC[10]) MAC= MACDline[12,26,9](close) STO = Stochastic[14,5](close) ST = supertrend[3.3,2]   // Conditions to enter long positions c1 = (COI > COI[1]) c2 = (MAC > MAC[1]) c3 = (STO > 20) c4 = (STO < 40) c5 = (STO > STO[1]) c6 = COI < 0   IF HIGHEST[5](c1)=1 AND HIGHEST[5](c2)=1 AND HIGHEST[5](c3)=1 AND HIGHEST[5](c4)=1 AND HIGHEST[5](c5)=1 AND c6 AND NOT ONMARKET THEN BUY 1 CONTRACT AT MARKET ENDIF   //Trailing Stop Loss - not avbailable in ProOrder SET STOP $LOSS 200 $TRAILING 50   //Exit IF Close CROSSES UNDER ST THEN SELL AT MARKET ENDIF   // Conditions to enter short positions c11 = (COI < COI[1]) c12 = (MAC < MAC[1]) c13 = (STO < 80) c14 = (STO > 60) c15 = (STO < STO[1]) c16 = COI > 0     IF HIGHEST[5](c11)=1 AND HIGHEST[5](c12)=1 AND HIGHEST[5](c13)=1 AND HIGHEST[5](c14)=1 AND HIGHEST[5](c15)=1 AND c16 AND NOT ONMARKET THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF   //Exit IF close CROSSES OVER ST THEN EXITSHORT AT MARKET ENDIF

   

  

  MikeGC

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  09/27/2016 at 8:09 AM #13783
  Nicolas

  Because IG protocol don’t like to have 2 stoploss “hard coded”, it’s not possible for your line 25 to be correctly executed by the server.

  That’s why if you plan to use to use trailing stop, you need to use the functions I wrote (or any other ones..). You’ll find trailing stop functions in the blog.

  

  Nicolas

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  09/27/2016 at 11:37 PM #13830
  MikeGC

  Many thanks, Nicolas.

  

  MikeGC

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  08/14/2018 at 3:49 PM #78155
  simeong

  Hi Nicolas ,

  Thanks for clarifying the situation.

  could you please provide a link to a trailing stop that you coded

  Kind Regards,

   

  

  simeong

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  08/14/2018 at 4:15 PM #78158
  Vonasi

  The search box is your friend. Just type ‘Trailing Stop’ in it and all will be revealed! 🙂

  

  Vonasi

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  07/14/2020 at 6:40 AM #139209
  GenesisEX

  Thank you for your help and input all.  I too had run into the same problem.

  

  GenesisEX

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  07/15/2020 at 9:26 AM #139225
  GraHal

  If you look on the link below you will find several hard coded TS … let us know which you find the best / most beneficial please?

  Snippet Link Library

  

  GraHal

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