Help with my stratery , keeps getting stopped

• 01/02/2023 at 2:07 PM #206661
  Tapper13

  Hello, Happy new year!

  Wondering if anyone can help me out , trying out this stratergy but it keeps getting stopped.

  Tried to alter the stoploss but it doesnt help.

  Any ideas ?

   

  // Definition of code parameters DEFPARAM CumulateOrders = True // Cumulating positions activated for HFT // Initialize variables entryPrice = 0 takeProfit = 0 maxDrawdown = 0 BBup = BollingerUp[20](close) BBDn = BollingerDown[20](close) EMA10 = ExponentialAverage[10](close) EMA20 = ExponentialAverage[20](close) EMA50 = ExponentialAverage[50](close) EMA200 = ExponentialAverage[200](close) // Check for trend trend = EMA10 - EMA50 trend2 = EMA20 - EMA200 // Conditions to enter long positions if (close > EMA20 and trend > 0 and trend2 > 0) or (close > BBup and RSI[14](close) < 60)THEN // Set entry price, stop loss, and take profit entryPrice = close takeProfit = entryPrice * (1 + 0.03) // 3% take profit BUY 0.5 CONTRACT AT MARKET ENDIF // Conditions to enter short positions if (close < EMA20 and trend < 0 and trend2 < 0) or (close < BBDn and RSI[14](close) > 40)THEN // Set entry price, stop loss, and take profit entryPrice = close takeProfit = entryPrice * (1 - 0.03) // 3% take profit SELLSHORT 0.5 CONTRACT AT MARKET ENDIF // Stops and targets SET STOP pTRAILING (5 + 1.2) SET target profit takeProfit

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  // Definition of code parameters DEFPARAM CumulateOrders = True // Cumulating positions activated for HFT   // Initialize variables entryPrice = 0 takeProfit = 0 maxDrawdown = 0 BBup = BollingerUp[20](close) BBDn = BollingerDown[20](close) EMA10 = ExponentialAverage[10](close) EMA20 = ExponentialAverage[20](close) EMA50 = ExponentialAverage[50](close) EMA200 = ExponentialAverage[200](close)   // Check for trend trend = EMA10 - EMA50 trend2 = EMA20 - EMA200 // Conditions to enter long positions if (close > EMA20 and trend > 0 and trend2 > 0) or (close > BBup and RSI[14](close) < 60)THEN // Set entry price, stop loss, and take profit entryPrice = close takeProfit = entryPrice * (1 + 0.03) // 3% take profit BUY 0.5 CONTRACT AT MARKET ENDIF // Conditions to enter short positions if (close < EMA20 and trend < 0 and trend2 < 0) or (close < BBDn and RSI[14](close) > 40)THEN // Set entry price, stop loss, and take profit entryPrice = close takeProfit = entryPrice * (1 - 0.03) // 3% take profit SELLSHORT 0.5 CONTRACT AT MARKET ENDIF   // Stops and targets SET STOP pTRAILING (5 + 1.2) SET target profit takeProfit

   

   

  

  Tapper13

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  01/02/2023 at 2:21 PM #206663
  GraHal

  Tapper13 wrote:

  BUY 0.5 CONTRACT AT MARKET SELLSHORT 0.5 CONTRACT AT MARKET

  What Instrument? Is 0.5 allowed?  What error message do you see when you click on the yellow disc after System has been stopped?

  Change to 1.0 and see if makes any difference?

  

  GraHal

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  01/02/2023 at 2:48 PM #206667
  GraHal

  Tapper13 wrote:

  SET STOP pTRAILING (5 + 1.2)

  Read the Topic on the link below to see why pTailing won’t work

  https://www.prorealcode.com/topic/sp500-backtest-shows-different-numbers-than-the-report/

  

  GraHal

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  01/02/2023 at 4:39 PM #206680
  Tapper13

  What Instrument? Is 0.5 allowed? What error message do you see when you click on the yellow disc after System has been stopped?

   

  Change to 1.0 and see if makes any difference?

  Hi GraHal thanks for the reply.
  Its on the Dax40 and yes i can use 0.5.

  Ok will check later

  

  Tapper13

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  01/02/2023 at 6:52 PM #206688
  JC_Bywan

  Hi, topic moved from probuilder to proorder forum for housekeeping. Please use probuilder forum for custom coded indicators, and proorder forum for strategies and backtests, thanks. Best Wishes for the new year.

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  Tapper13

  

  JC_Bywan

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  01/02/2023 at 8:08 PM #206695
  Tapper13

  You where right. I deleted “SET target profit takeProfit” and only use SET STOP pTRAILING (5 + 1.2)

  Seems like the Stop and Target profit was conflicting one another. At the moment it didnt not stop

   

  Thanks for your help for now

  

  Tapper13

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  01/03/2023 at 10:39 AM #206715
  robertogozzi

  The main issue is not using SET target profit or not, it’s changing the variable takeProfit almost each bar. That’s because, even if you have limited your code to ONE open trade, conditions are still evaluated and, when met, takeProfit is changed (be it the same or the opposite direction).

  Add AND Not OnMarket to your conditions in both lines 19 and 26, to prevent the execution of lines 21-22 and 28-29 when a position is open.

   

   

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  robertogozzi

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