GraHal wrote:

Have you tried …

IF LongTriggered OR ShortTriggered AND newSL > 0 Then</p> <p>TrailingSL = newSL</p> <p>ELSE</p> <p>TrailingSL = Undefined</p> <p>ENDIF</p> <p>GraphOnPrice TrailingSL coloured(255,0,0) AS “My Tralling Stop”

1 2 3 4 5 6 7 8 9 10 11 12 13

IF LongTriggered OR ShortTriggered AND newSL > 0 Then TrailingSL = newSL ELSE TrailingSL = Undefined ENDIF GraphOnPrice TrailingSL coloured(255,0,0) AS “My Tralling Stop”

tks for your answers, Not working too, but think it’s a limitation of the GraphOnPrice fonction, So now I will not spend more time on this think, I will ask other time if we need it, Now let’s focus on good stop and trailing stop management 🙂

yes yes, Tks you GraHal , but the answers is for @PeterSt, and the 50% it’s just an exemple 😅

ZeroCafeine wrote:

In this example we assume that the first order that could be executed was the Long order at a price of 10, In this case our SL will be calculated automatically and will be 50% of the entry price so it will be worth 5, So in this case we will be taken out of the market if the price reaches 5, Now if our market entry conditions are still valid, it means that the Short order at a price of 8 is still waiting to be executed,

In this case (and correct me if I’m wrong), if I understood the documentation correctly: the short sell order will turn into a normal sell order and it will take us out of our position at the price of 8 even if our SL is still pending at 5

Or will the program understand and make the difference between the SellShort order and the SL order and because it has a SL at 5 then it will ignore the SellShort 8 (the SellShort that could turn into a normal Sell in our case)?

I hope to be clear in what I am saying

just to answer my self, there is a good exemple where Proorder open a long position at limite price but they close it for execute the SellShort, in this case it executes the SellShort as et Normal Sell for the last Long posiion, and also they use the Buy order for close the SellShort position Instead the ExitShort :

Defparam cumulateorders = false
 
// LONGS & SHORTS USD/JPY - M15
if date > 20230330 then
IF IntraDayBarIndex >= 5 THEN
Buy 1 Shares AT 132.800 Limit
SellShort 1 Shares AT 133.250 Limit
ENDIF
IF LongOnMarket Then
Set Stop Loss 132
ENDIF
endif

Capture-decran-2023-04-03-a-12.44.07.png

tks for tip, I try it with out succes, I will try next time,

@GraHal @All if you know a good link explaining this methde of catching breakout or catching liquidity I will be happy to read or watch it and understand it for more comprenssion for this algo 😊

GraHal wrote:

Have a look at this

https://www.youtube.com/watch?v=nVNSAoFKKOk

I also found this one :

if do find other where they explain why and the mening of the strategry it will be great, I will try to undrtsnad every one to get the max of informaion and see wht I can do with tht for this algo 😊

also that is the Version 8 of this code, Not much exceptional even if the result in M 15 is 10070% (50K history), with 200K we have only 18% before the stratery qquit because of the huge drowdawn from 190K to 120k after only 3 trade with sure the very bad entry of this algorithme and also the bad manage of the number of share, but it’s intreseting,

Also I add the Tralling MFE with some different setting, it’s not the best but maybe can helpful to find somethink new

// Strategy Name    : END OF DAY  -  YEN
// Version          : 8.0
// Information      : Adding MFE
// Stroks           : USD/JPY Mini
// Initial Capital  : 100 000 JPY
// Test on          : 50K Candles
// Spread           : 2
// ########################################################################
 
Defparam cumulateorders = false
Once Capital    = 100000
Once Equity     = Capital
ONCE MFE=0

SL = 12
Period = 12
Spread = 2
// ########################################################################
// ______               _   __
//|  ____|             | | /  \
//| |__ ___  _ __   ___| || () |
//|  __/ _ \| '_ \ / __| __\__/
//| | | (_) | | | | (__| |_
//|_|  \___/|_| |_|\___|\__|
 
// CANDLE REFERENCE to 210000
IF Time = 210000 THEN
Amplitude = Highest[Period](High) - Lowest[Period](Low)
Opening = Close
ENDIF
 
// LONGS & SHORTS
IF Not LongOnMarket AND Time >= 210000 AND Time <= 231500 AND DayOfWeek < 5 THEN
Buy N Shares AT (Opening - Amplitude * 0.5) Limit
ENDIF

IF LongOnMarket Then
Set Stop pLoss SL
ENDIF

// ########################################################################
// _______        _ _ _ _
//|__   __|      (_) | (_)
//   | |_ __ __ _ _| | |_ _ __   __ _
//   | | '__/ _| | | | | '_ \ / _ |
//   | | | | (_| | | | | | | | | (_| |
//   |_|_|  \__,_|_|_|_|_|_| |_|\__, |
//                               __/ |
//                               |___/

once trailinstop= 0   //1 on - 0 off
trailingstart = 140 //trailing will start @trailinstart points profit
trailingstep = 10 //trailing step to move the "stoploss"
///2 BREAKEAVEN///////////
once breakeaven = 0    //1 on - 0 off
startBreakeven = 30 //how much pips/points in gain to activate the breakeven function?
PointsToKeep = 5 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread)

//reset the stoploss value
IF NOT ONMARKET THEN
newSL=0
breakevenLevel=0
// MFE
MAXPRICEMFE = 0
priceexitMFE = 0
Maxfloatingprofit = 0
ENDIF

//manage long positions
IF LONGONMARKET THEN
//first move (breakeven)
IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN
newSL = tradeprice(1)+trailingstep*pipsize
ENDIF
//next moves
IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN
newSL = newSL+trailingstep*pipsize
ENDIF
ENDIF

//stop order to exit the positions
IF newSL>0 THEN
SELL AT newSL STOP
ENDIF

//test if the price have moved favourably of "startBreakeven" points already
IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN
//calculate the breakevenLevel
breakevenLevel = tradeprice(1)+PointsToKeep*pipsize
ENDIF
 
//place the new stop orders on market at breakevenLevel
IF breakevenLevel>0 THEN
SELL AT breakevenLevel STOP
ENDIF

IF Equity < 100000 Then
TRAILINGMFE = 10
MFE = 1
N = 3
ELSIF Equity >= 100000 AND Equity < 120000 Then
TRAILINGMFE = 20
MFE = 1
N = 5
ELSIF Equity >= 120000 AND Equity < 150000 Then
TRAILINGMFE = 30
MFE = 1
N = 8
ELSIF Equity >= 150000 AND Equity < 180000 Then
TRAILINGMFE = 40
MFE = 1
N = 10
ELSIF Equity >= 180000 Then
MFE = 0
N = 15
ENDIF

if MFE>0 then
if longonmarket then
MAXPRICEMFE = MAX(MAXPRICEMFE,close) //saving the MFE of the current trade
if MAXPRICEMFE-tradeprice(1)>=TRAILINGMFE*pointsize then //if the MFE is higher than the trailingstop then
priceexitMFE = MAXPRICEMFE-TRAILINGMFE*pointsize //set the exit price at the MFE - trailing stop price level
endif
endif

if onmarket and priceexitMFE>0 then
SELL AT priceexitMFE STOP
endif
endif

floatingprofit = (((close-positionprice)*pointvalue)*countofposition)/pipsize //actual trade gains
Maxfloatingprofit = Max(Maxfloatingprofit,floatingprofit)

IF LongOnMarket Then
IF COUNTOFLONGSHARES > 3 AND  floatingprofit < floatingprofit[1] Then
Sell 1 Share AT Market
ENDIF
ENDIF

//IF LongOnMarket Then
//IF COUNTOFLONGSHARES > 1 AND Maxfloatingprofit > Maxfloatingprofit[1] Then
//Sell 1 Share AT Market
//ENDIF
//ENDIF

// ########################################################################
//    _____                 _
//   / ____|               | |
//  | |  __ _ __ __ _ _ __ | |__
//  | | |_ | '__/ _` | '_ \| '_ \
//  | |__| | | | (_| | |_) | | | |
//   \_____|_|  \__,_| .__/|_| |_|
//                   | |
//                   |_|
// Drawing Trailing Stop
IF OnMarket AND newSL > 0 Then
TrailingSL = newSL
FirstSL = TradePrice - SL * pipsize
//EntryPrice = TradePrice
ELSE
TrailingSL = Undefined
//FirstSL = Undefined
//EntryPrice = Undefined
ENDIF

Graph PositionPerf * 100 AS "PositionPerf"
//Graph PositionPerf(1) * 100 AS "PositionPerf[1]"
//Graph floatingprofit AS "floatingprofit"
//GraphOnPrice TradePricecoloured(0,220,0) AS "Long Trade Price"

//// Draw Equity
//Graph Equity AS "Equity"
//Graph Capital AS "Capital"
// ########################################################################
//   _____ _                 _____           _
//  / ____| |               / ____|         | |
// | (___ | |_ ___  _ __   | (___  _ __ __ _| |_ ___  __ _ _   _
//  \___ \| __/ _ \| '_ \   \___ \| '__/ _| __/ _ \/ _ | | | |
//  ____) | || (_) | |_) |  ____) | | | (_| | ||  __/ (_| | |_| |
// |_____/ \__\___/| .__/  |_____/|_|  \__,_|\__\___|\__, |\__, |
//                 | |                                __/ | __/ |
//                 |_|                               |___/ |___/
MaxDrawDownPercentage = 40 // Max DrawDown of x%
Equity = Capital + StrategyProfit
HighestEquity = Max (HighestEquity,Equity) // Save the Maximum Equity we got
MaxDrawdown = HighestEquity * (MaxDrawDownPercentage/100)
ExitFromMarketCond = Equity <= HighestEquity - MaxDrawdown
IF ExitFromMarketCond Then
Quit
ENDIF
 

if some one have some good idea or strategy to control the drawdown and the exposition it will be welcom ?

Let’s start by correcting the timetable, the Japanese market is open from 9am until 11:30am and then from 12:30pm to 3pm Tokyo time, we can summarise that the market is open from 6 a.m. to 3 p.m., So 6 hours of opening time

so in GTM (UTC) time the Japanese market is open from 0 to 6 a.m GTM, so for france trader like me they have 2 situation :
– in the summer France is +2 GTM, so this tokyo box is from 2am to 8am
– in the winter France is +1 GTM, so this tokyo box is from 1am to 7am

so now we e in the summer, the code about it’s like this :

if time = 081000 then 
x1= barindex[0] 
x2 = barindex[74] // 74 - 2 = 72 ==> 72 x 5 = 360min ==> 360min / 60 = 6h
yh = highest[74](high)
yL=lowest[74](low)

DRAWRECTANGLE(x1, yh, x2,yL ) COLOURED(0,0,0)
os = 4*pipsize
drawtext("#yh#",x2,yh+os,SansSerif,bold,10) coloured(0,0,0)
drawtext("#yL#",x2,yL-os,SansSerif,bold,10) coloured(0,0,0)
endif

if (time >= 081000 AND time <= 240000) then
drawsegment(x1,yh,barindex,yh) coloured (0,0,255) STYLE(DOTTEDLINE3,1)
drawsegment(x1,yL,barindex,yL) coloured (0,0,255) STYLE(DOTTEDLINE3,1)
endif
 
return