//trailing stop 1
trailingstop1 = 70
bottomTrailingStopValue1 = 30
TopTrailingStopValue1 = 70
//trailing stop 2
//trailingstop2 = 10
//bottomTrailingStopValue2 = 71
//TopTrailingStopValue2 = 150"
//resetting variables when no trades are on market
if not onmarket then
MAXPRICE1 = 0
priceexit1 = 0
endif
a = close-tradeprice(1) > bottomTrailingStopValue1*pointsize
b = close-tradeprice(1) < TopTrailingStopValue1*pointsize
//case LONG order
if longonmarket then
MAXPRICE1 = MAX(MAXPRICE1,close) //saving the MFE of the current trade
if a and b then
if MAXPRICE1-tradeprice(1)>=trailingstop1*pointsize then //if the MFE is higher than the trailingstop then
priceexit1 = MAXPRICE1-trailingstop1*pointsize //set the exit price at the MFE - trailing stop price level
endif
endif
endif
//exit on trailing stop price levels
if onmarket and priceexit1>0 then
EXITSHORT AT priceexit1 STOP
SELL AT priceexit1 STOP
endif
//resetting variables when no trades are on market
//if not onmarket then
//MAXPRICE2 = 0
//priceexit2 = 0
//endif
//a2 = close-tradeprice(1) > bottomTrailingStopValue2*pointsize
//b2 = close-tradeprice(1) < TopTrailingStopValue2*pointsize
//case LONG order
//if longonmarket then
//MAXPRICE2 = MAX(MAXPRICE2,close) //saving the MFE of the current trade
//if a2 and b2 then
//if MAXPRICE2-tradeprice(1)>=trailingstop2*pointsize then //if the MFE is higher than the trailingstop then
//priceexit2 = MAXPRICE2-trailingstop2*pointsize //set the exit price at the MFE - trailing stop price level
//endif
//endif
//endif
//exit on trailing stop price levels
//if onmarket and priceexit2>0 then
//EXITSHORT AT priceexit2 STOP
//SELL AT priceexit2 STOP
//endif
.
