Dynamic trailing stops

• 06/13/2017 at 1:42 PM #38220
  Francesco78

  Hello, I was wondering if for you it makes sense to test a strategy with “dynamic trailing stops”

  With this I mean the following (Credit to ALE for the coding of the trailing stops) . Does it make sense? PRT is handling it?

  //TRAILING STOP TGL =a*ATR //DYNAMIC TRAILING TGS=b*ATR //DYNAMIC TRAILING if not onmarket then MAXPRICE = 0 MINPRICE = close PREZZOUSCITA = 0 ENDIF if longonmarket then MAXPRICE = MAX(MAXPRICE,close) if MAXPRICE-tradeprice(1)>=TGL*pointsize then PREZZOUSCITA = MAXPRICE-TGL*pointsize ENDIF ENDIF if shortonmarket then MINPRICE = MIN(MINPRICE,close) if tradeprice(1)-MINPRICE>=TGS*pointsize then PREZZOUSCITA = MINPRICE+TGS*pointsize ENDIF ENDIF if onmarket and PREZZOUSCITA>0 then EXITSHORT AT PREZZOUSCITA STOP SELL AT PREZZOUSCITA STOP ENDIF set target pprofit PF endif

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  //TRAILING STOP   TGL =a*ATR //DYNAMIC TRAILING TGS=b*ATR //DYNAMIC TRAILING if not onmarket then MAXPRICE = 0 MINPRICE = close PREZZOUSCITA = 0 ENDIF if longonmarket then MAXPRICE = MAX(MAXPRICE,close) if MAXPRICE-tradeprice(1)>=TGL*pointsize then PREZZOUSCITA = MAXPRICE-TGL*pointsize ENDIF ENDIF if shortonmarket then MINPRICE = MIN(MINPRICE,close) if tradeprice(1)-MINPRICE>=TGS*pointsize then PREZZOUSCITA = MINPRICE+TGS*pointsize ENDIF ENDIF if onmarket and PREZZOUSCITA>0 then EXITSHORT AT PREZZOUSCITA STOP SELL AT PREZZOUSCITA STOP ENDIF   set target pprofit PF endif

   

  

  Francesco78

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  06/13/2017 at 1:44 PM #38221
  dreif123

  hi,
  I guess only in backtesting its working …but not on live trading

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  Francesco78

  

  dreif123

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  06/14/2017 at 7:29 AM #38249
  Nicolas

  You guess wrong 🙂 It should also work perfectly in live trading, this trailing stop code use pending STOP orders which are put at price levels calculated each bar. Of course, like any other ProOrder program it is only read once per bar.

  Spread and order distance from current price should also be considered when using this code.

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  Francesco78

  

  Nicolas

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