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How to make dynamic stoploss?

stryker · 2016-11-14T15:56:12+00:00

Hi I have the following simple code but it doesn’t work as I expect in the backtest. In essence I would like to move my stop in line with favourable market moves but in step fashion rather than trailing. eg long position goes 4 ticks on side so I move my stop up 2 ticks. Does anyone know the best way to achieve this please? IF condition1 THEN BUY 1 PERPOINT AT MARKET NextBarOpen ENDIF SET STOP pLOSS 6 IF LONGONMARKET AND HIGH-TRADEPRICE >= 4 THEN SET STOP pLOSS 4 ENDIF IF LONGONMARKET AND HIGH-TRADEPRICE >= 7 THEN SET STOP pLOSS 2 ENDIF IF LONGONMARKET AND HIGH-TRADEPRICE >= 9 THEN SET STOP pLOSS 1 ENDIF

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How to make dynamic stoploss?

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11/14/2016 at 4:56 PM #16509 quote
stryker
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Hi I have the following simple code but it doesn’t work as I expect in the backtest.

In essence I would like to move my stop in line with favourable market moves but in step fashion rather than trailing.
eg long position goes 4 ticks on side so I move my stop up 2 ticks.

Does anyone know the best way to achieve this please?
```
IF condition1 THEN
BUY 1 PERPOINT AT MARKET NextBarOpen
ENDIF

SET STOP pLOSS 6

IF LONGONMARKET AND HIGH-TRADEPRICE >= 4 THEN
SET STOP pLOSS 4
ENDIF

IF LONGONMARKET AND HIGH-TRADEPRICE >= 7 THEN
SET STOP pLOSS 2
ENDIF

IF LONGONMARKET AND HIGH-TRADEPRICE >= 9 THEN
SET STOP pLOSS 1
ENDIF
```
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How to make dynamic stoploss?

ProOrder: Automated Strategies & Backtesting

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Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	11/14/2016
Status:	Active
Attachments:	No files

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How to make dynamic stoploss?

Stuck on this ProBuilder code?

How to make dynamic stoploss? ProOrder: Automated Strategies & Backtesting

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How to make dynamic stoploss?

ProOrder: Automated Strategies & Backtesting