Dynamic trailing stops

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

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

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

    Francesco78 thanked this post
    06/14/2017 at 7:29 AM #38249 quote
    Nicolas
    Keymaster
    Master

    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.

    Francesco78 thanked this post
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Dynamic trailing stops


ProScreener: Market Scanners & Detection

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Francesco78 @francesco78 Participant
Summary

This topic contains 2 replies,
has 3 voices, and was last updated by Nicolas
8 years, 8 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 06/13/2017
Status: Active
Attachments: No files
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