Fractional Trades + Breakeven Stop Loss

• 06/05/2020 at 12:10 AM #134614
  tradetrader101

  Hi there’s two issues I’m having, once does the code I’m using below have a built even break even stop loss in it somewhere? For some reason it keeps closing trades they hit 0 and I’m really not sure why.

  An secondly whenever I’m trading 1 point + on anything the trailing stop, trailing step and take profit levels populate on IG as per my instructions but for some reason when I say buy 0.1 instead of buy 1.0 it never populates any trailing stop, trailing step and take profit levels. So basically it’s just an open trade which can obviously get really expensive on things like the lumber market.

  I set it to 0.1 and nothing came up on IG at the time it was moving hundreds of points in minutes where the lumber market is bigger. An I had no trailing stop no nothing but a live trade. An it’s happened on smaller markets like the French market yesterday, it didn’t give me any trailing stop, take profit etc. So I had to exit the trade at a loss as my stop and take profit is set by the ATR and I didn’t want to guess the ATR and work out values while live trading something moving fast. This also happened with the Australian market once even when I had a buy 1.0 order but it happens pretty much every time with 0.5 star orders and anything under 1.0.

  Whole Code

  DEFPARAM CumulateOrders = True // Cumulating positions deactivated ATR = AverageTrueRange[168] //take profit SET TARGET pPROFIT TKPROFIT IF NOT ONMARKET AND (PositionPerf(1) + PositionPerf(2) + PositionPerf(3) + PositionPerf(4)) < -100 OR STRATEGYPROFIT < -100 THEN QUIT ENDIF //trailing stop function (make equal to absolute value when trailing stop and absolute value) IF CountOfPosition < 2 AND ONMARKET AND PositionPerf(1) > 0 THEN //trailing will start @trailinstart points profit TRSTART = (ATR*0.50)*40 //trailing step to move the "stoploss" TRSTEP = (ATR*0.50)*4 // Target profit = S*T TKPROFIT = (ATR*0.50)*16 ENDIF IF CountOfPosition < 2 AND ONMARKET AND PositionPerf(1) <= 0 THEN //trailing will start @trailinstart points profit TRSTART = (ATR*0.45)*40 //trailing step to move the "stoploss" TRSTEP = (ATR*0.45)*4 // Target profit = S*T TKPROFIT = (ATR*0.45)*16 ENDIF //reset the stoploss value IF NOT ONMARKET THEN SPLOSS = 0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF SPLOSS = 0 AND close-TradePrice(1)>=TRSTART THEN SPLOSS = TradePrice(1)+TRSTEP ENDIF //next moves IF SPLOSS > 0 AND close-SPLOSS>TRSTEP THEN SPLOSS = SPLOSS+TRSTEP ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF SPLOSS = 0 AND TradePrice(1)-close>=TRSTART THEN SPLOSS = TradePrice(1)-TRSTEP ENDIF //next moves IF SPLOSS> 0 AND SPLOSS-close>TRSTEP THEN SPLOSS = SPLOSS-TRSTEP ENDIF ENDIF //stop order to exit the positions IF SPLOSS > 0 THEN SELL AT SPLOSS STOP EXITSHORT AT SPLOSS STOP ENDIF //put the first stoploss IF ONMARKET AND SPLOSS = 0 THEN SET STOP pTRAILING TRSTART ENDIF

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71

  DEFPARAM CumulateOrders = True // Cumulating positions deactivated   ATR = AverageTrueRange[168]   //take profit SET TARGET pPROFIT TKPROFIT   IF NOT ONMARKET AND (PositionPerf(1) + PositionPerf(2) +  PositionPerf(3) + PositionPerf(4)) <  -100 OR STRATEGYPROFIT < -100 THEN QUIT ENDIF   //trailing stop function (make equal to absolute value when trailing stop and absolute value) IF CountOfPosition < 2 AND ONMARKET AND PositionPerf(1) > 0 THEN //trailing will start @trailinstart points profit TRSTART = (ATR*0.50)*40 //trailing step to move the "stoploss" TRSTEP = (ATR*0.50)*4 // Target profit = S*T TKPROFIT = (ATR*0.50)*16 ENDIF IF CountOfPosition < 2 AND ONMARKET AND PositionPerf(1) <= 0 THEN //trailing will start @trailinstart points profit TRSTART = (ATR*0.45)*40 //trailing step to move the "stoploss" TRSTEP = (ATR*0.45)*4 // Target profit = S*T TKPROFIT = (ATR*0.45)*16 ENDIF   //reset the stoploss value IF NOT ONMARKET THEN SPLOSS = 0 ENDIF   //manage long positions IF LONGONMARKET THEN   //first move (breakeven) IF SPLOSS = 0 AND close-TradePrice(1)>=TRSTART THEN SPLOSS = TradePrice(1)+TRSTEP ENDIF   //next moves IF SPLOSS > 0 AND close-SPLOSS>TRSTEP THEN SPLOSS = SPLOSS+TRSTEP ENDIF ENDIF   //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF SPLOSS = 0 AND TradePrice(1)-close>=TRSTART THEN SPLOSS = TradePrice(1)-TRSTEP ENDIF   //next moves IF SPLOSS> 0 AND SPLOSS-close>TRSTEP THEN SPLOSS = SPLOSS-TRSTEP ENDIF ENDIF   //stop order to exit the positions IF SPLOSS > 0 THEN SELL AT SPLOSS STOP EXITSHORT AT SPLOSS STOP ENDIF   //put the first stoploss IF ONMARKET AND SPLOSS = 0 THEN SET STOP pTRAILING TRSTART ENDIF

   

  

  tradetrader101

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  06/05/2020 at 12:22 AM #134615
  robertogozzi

  At line 6 you are setting  TP at 0, because TKPROFIT is defined below that line and only when some conditions are met.

  I suggest adding this line 4:

  ONCE TKPROFIT = (ATR*0.50)*16

  1	ONCE TKPROFIT = (ATR*0.50)*16

  or something similar.

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  tradetrader101

  

  robertogozzi

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  06/05/2020 at 11:19 AM #134686
  tradetrader101

  Thanks for your help, it’s definitely really appreciated. I’m going to add that to the code now. Do you have any idea why if I try to buy 0.1 of lumber for example the trailing stop, trailing step and take profit won’t appear on IG? but if I order 1.0 of anything then 99% of the time it’s fine?

  

  tradetrader101

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  06/05/2020 at 1:35 PM #134716
  robertogozzi

  I have no clue about that, sorry!

  

  robertogozzi

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