How To use Trailing function and own coded SL

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  • 02/28/2021 at 2:03 PM #162773 quote
    ScalpTrader
    Participant
    Junior
    Im looking for a combined function of STOP LOSS x and TRAILING y
    As I understand you can use that combo in Backtest but not in Auto Trading.
    I’ve read around in the forum and found several ways to “hard code”/own script code the TRAILING function and for ex. combine it with the STOP LOSS x command line.
    Im looking for the reversal.
    To use the SET STOP TRAILING and then set a coded SL
    Example
    // Conditions to enter long positions
c1 = (close > close[1])


IF c1 THEN
BUY 1 CONTRACT AT MARKET
ENDIF


// Stops and targets
SET STOP TRAILING 6


//Own coded SL command
XXXX
    What code could I use?
    Would like the SL to be X points bellow tradeprice
    (trading index)
    The basic Ide, as you probably understand, is too safe up the trade; so if after enter the trade goes down bellow SL sell. If that dosnt happends use TRAILING and follow the trade in favor direction (to exit after turnaround)
    02/28/2021 at 2:10 PM #162774 quote
    robertogozzi
    Moderator
    Master

    Replace line 15 with:

    SET STOP pLOSS 50
    02/28/2021 at 3:14 PM #162775 quote
    ScalpTrader
    Participant
    Junior

    Thanks for the reply.

    But using that line 15 will “overwrite” line 11 making line 11 obsolete.

    Im looking for a code to add on line 15 for a SL to run together with TRAILING

    02/28/2021 at 6:54 PM #162791 quote
    robertogozzi
    Moderator
    Master

    After replacing line 15, replace also line 11 with lines 17 through 56 of the code snippet at https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/.
    that will act as a trailing stop.

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How To use Trailing function and own coded SL


ProOrder: Automated Strategies & Backtesting

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Summary

This topic contains 3 replies,
has 2 voices, and was last updated by robertogozzi
4 years, 12 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 02/28/2021
Status: Active
Attachments: No files
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