Nicholas,

Many thanks for that. 😉

I knew it was basic for you, just couldn’t write the correct information to tie it all together.

Thanks again.

Nicholas / GraHal

Many thanks for the previous codes, they are working well, I am just a little lost with a trailing stop loss method. 😉

I have seen a stop loss method, as described below, and wondered if this was possible?

I looked through the https://www.prorealcode.com/blog/learning/kinds-trailing-stop-proorder/ but there are so many, I am confused as to which it could be. L

Original Target Profit in Pips = 100p
Projected Risk in Pips = -30p

In this scenario I would place a Hard Stop Loss @ Entry – 30p

Once the trade has acquired 50% of my Projected Profit {50p}, I will move my SL to risk 20% of those 50p.
50 x 20% = 10. Thereby Locking in a 40p Profit.

And continue to Trail my SL @ Max Trade Profit Pips – (Max Trade Profit Pips x 20%)

I will continue to do this even through my Original Projected Profit in Pips Target of 100p

eg.
Up 50p = Risk 10p Locking in 40p Prft.
Up 80p = Risk 16p Locking in 64p Prft.
Up 100p = Risk 20p Locking in 80p Prft.
Up 135p = Risk 27p Locking in 108p Prft.
Up 200p = Risk 40p Locking in 160p Prft.

Lastly, if I want to select which days of the week for a back-test, where do I insert the code please?

Say I would like to exclude Tuesday’s, but when I insert the code below in line 2, it doesn’t work.

DayOfWeek[1] DayOfWeek[3] DayOfWeek[4] DayOfWeek[5]

Monday =1

Tuesday =2

Wednesday =3

Thursday =4

Friday =5

Many thanks in advance.

robertogozzi,

Many thanks.

I have inserted the hard stop at: set stop ploss 30 and it works great. 🙂

I have looked at: (As for DayOfWeek, lines 17 and 24 at https://www.prorealcode.com/topic/something-is-missing-in-my-friday-sell-off/) but not being code minded, i’ll admit to being totally lost and all I get is an error message;

Syntax error:

This variable is not used in the code:daysforbiddenentry.

I tried to insert it here, I would like Tuesdays removed.

defparam flatafter = 210000

daysForbiddenEntry = OpenDayOfWeek = 1 OR OpenDayOfWeek = 2 OR OpenDayOfWeek = 3 OR OpenDayOfWeek = 4 OR OpenDayOfWeek = 6 OR OpenDayOfWeek = 0

if longonmarket then
alreadybuy=1
endif
if shortonmarket then
alreadysell=1
endif

if intradaybarindex=0 then
alreadybuy=0
alreadysell=0
endif

if time = 061000 then
yh = highest[86](high)
yL=lowest[86](low)
os = 2*pipsize
endif

tcondition = time>080000 and time<200000

if tcondition then
if close<yh+os and not alreadybuy then
buy 1 contract at yh+os stop
endif
if close>yl+os and not alreadysell then
sellshort 1 contract at yl-os stop
endif
endif

set stop ploss 30
ONCE TrailStart = 30 //30 Start trailing profits from this point
ONCE ProfitPerCent = 0.666 //66.6% Profit to keep
IF Not OnMarket THEN
y1 = 0
y2 = 0
ELSIF LongOnMarket AND close > (TradePrice + (y1 * pipsize)) THEN //LONG
x1 = (close – tradeprice) / pipsize //convert price to pips
IF x1 >= TrailStart THEN //go ahead only if 30+ pips
y1 = max(x1 * ProfitPerCent, y1) //y = % of max profit
ENDIF
IF y1 THEN //Place pending STOP order when y>0
SELL AT Tradeprice + (y1 * pipsize) STOP //convert pips to price
ENDIF
ELSIF ShortOnMarket AND close < (TradePrice – (y2 * pipsize)) THEN //SHORT
x2 = (tradeprice – close) / pipsize //convert price to pips
IF x2 >= TrailStart THEN //go ahead only if 30+ pips
y2 = max(x2 * ProfitPerCent, y2) //y = % of max profit
ENDIF
IF y2 THEN //Place pending STOP order when y>0
EXITSHORT AT Tradeprice – (y2 * pipsize) STOP //convert pips to price
ENDIF
ENDIF

Many thanks in advance