Hi all,

I recently start with coding and I learned a lot with reading the articles on this forum and the code I found.

Now I’m working on the Trailing Stop code which I found on in this forum. The code is working (backtesting + Paper Trading) but I have a question:

When the trade starts, the ‘ stop’  is not immediately  active, but after the entry candle has been closed and the conditions has been met, then the Trailing Stop will be active.

This means that I have a risk because when I enter my trade, there is no stop…….is that correct assumption? Or do I use the Trailing Stop code incorrect?

But when I enter a trade, I want to have immediately a stop to avoid the risk, how do I program that in the code?

Can you help?

Below a code (simple sample code) with the Trailing Stop which is working in Backtesting + Papertrading:

——————————————————————————————————————————

Defparam cumulateorders = false

//order launch (example) would be set to any other entry conditions
c1 = close>close[1]
c2 = close<close[1]

if c1 then
BUY 1 LOT AT MARKET
set target pprofit 30
endif

if c2 then
SELLSHORT 1 LOT AT MARKET
set target pprofit 30
endif

//************************************************************************
//trailing stop function
trailingstart = 2 //trailing will start @trailinstart points profit
trailingstep = 2 //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*pointsize THEN
newSL = tradeprice(1)+trailingstep*pointsize
ENDIF
//next moves
IF newSL>0 AND close-newSL>=trailingstep*pointsize THEN
newSL = newSL+trailingstep*pointsize
ENDIF
ENDIF

//manage short positions
IF SHORTONMARKET THEN
//first move (breakeven)
IF newSL=0 AND tradeprice(1)-close>=trailingstart*pointsize THEN
newSL = tradeprice(1)-trailingstep*pointsize
ENDIF
//next moves
IF newSL>0 AND newSL-close>=trailingstep*pointsize THEN
newSL = newSL-trailingstep*pointsize
ENDIF
ENDIF

//stop order to exit the positions
IF newSL>0 THEN
SELL AT newSL STOP
EXITSHORT AT newSL STOP
ENDIF

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Thanks in advance!

Richard