follow trailing stop level

Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • 07/01/2021 at 2:07 PM #172884 quote
    ausrod
    Participant
    New

    When trading on charts with IG – there is a limit to how close the stop can be dragged to the current price. Is there a way of following that with programming. It would be like a trailing stop but protect profit as it goes. Even better would be to do so in a lower time frame. I can see how to set a trailing stop but what i dont know is how close i can drag it – it is shown on the charts if you trade on the charts bur can i get it in prorealtime?

    07/01/2021 at 2:18 PM #172885 quote
    robertogozzi
    Moderator
    Master

    Automatic trading cannot be combined with manual trading.

    07/01/2021 at 2:49 PM #172888 quote
    ausrod
    Participant
    New

    Oh yes im fully aware. -but i would like to have a similar strategy where i can follow up (or down) with the tightest allowable (guaranteed) stop  – i am wondering can i code that? is the allowable difference available somewhere per market? I get the impression it could change dynamically

    07/01/2021 at 2:54 PM #172889 quote
    robertogozzi
    Moderator
    Master

    There’s no way to know what that limit is.

    It’s just a matter of asking IG what’s the most common distance, then give it a try until you reach (or get as close as possible to) that limit.

    On DAX (Germany 30) it’s usually 6-7 pips, buy may change during the day.

    07/01/2021 at 2:56 PM #172890 quote
    ausrod
    Participant
    New

    Thanks for that – i guess a different way of looking at it – if i try to set it too close what will happen? Will the system fail? As you indicate it does change. Would tehre be a way of ‘chasing’ it somehow?

     

    It is possible to see it in manual trading – Im suprised there is no way of returning that variable.

    07/01/2021 at 3:02 PM #172891 quote
    robertogozzi
    Moderator
    Master

    No there’e know way to know it.

    If the distance is too close your strategy is stopped.

  • Author
    Posts
Viewing 6 posts - 1 through 6 (of 6 total)
  • You must be logged in to reply to this topic.

follow trailing stop level


ProOrder: Automated Strategies & Backtesting

New Reply
Author
author-avatar
ausrod @ausrod Participant
Summary

This topic contains 5 replies,
has 2 voices, and was last updated by robertogozzi
4 years, 7 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 07/01/2021
Status: Active
Attachments: No files
Logo Logo
Loading...
Do you like cookies? 🍪 We use cookies to ensure you get the best experience on our website. (Learn more)
©2026 ProRealCode - Trading & Coding with ProRealTime™