How To use Trailing function and own coded SL

ScalpTrader · 2021-02-28T13:03:18+00:00

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)

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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

Legend
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

Legend

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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This topic contains 3 replies,
has 2 voices, and was last updated by robertogozzi
5 years, 7 months ago.

Topic Details

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