1. i am looking for the correct stop loss

efparam cumulateorders = false

REM Money Management
Capital = 10000 
Risk = 0.01 
StopLoss = XXXXXX // whats my stop loss here?
 
REM Calculate contracts
equity = Capital + StrategyProfit
maxrisk = round(equity*Risk)
PositionSize = abs(round((maxrisk/StopLoss)/PointValue)*pipsize)
 
//order launch (example) would be set to any other entry conditions
//c1 = close>close[1]
c2 = close<close[1]
 
//if c1 then
//BUY positionsize AT MARKET
//SET STOP PLOSS 50
//endif
  
//************************************************************************
//trailing stop function
trailingstart = 20 //trailing will start @trailinstart points profit
trailingstep = 5 //trailing step to move the "stoploss"
 
//reset the stoploss value
IF NOT ONMARKET THEN
 newSL=0
ENDIF
 
//manage long positions
IF LONGONMARKET THEN
//first move (breakeven)
 IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN
  newSL = tradeprice(1)+trailingstep*pipsize
 ENDIF
//next moves
 IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN
  newSL = newSL+trailingstep*pipsize
 ENDIF
ENDIF
 
//manage short positions
IF SHORTONMARKET THEN
//first move (breakeven)
 IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN
  newSL = tradeprice(1)-trailingstep*pipsize
 ENDIF
//next moves
 IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN
  newSL = newSL-trailingstep*pipsize
 ENDIF
ENDIF
 
//stop order to exit the positions
IF newSL>0 THEN
 SELL AT newSL STOP
 EXITSHORT AT newSL STOP
ENDIF

2) if i use this strategy and i buy an contract there is NO stoploss before //first move (breakeven).
i need an stoploss at the market entry too. do u know what i mean? :S

thx

ad 2) seems legit thx!

and what would u do bout the money management system?
ad 1) i tried this but it doesnt work:

REM Money Management
Capital = 10000 
Risk = 0.01 
StopLoss = tradeprice(1)+trailingstep*pipsize // whats my stop loss here?