Hi Francesco,
Right now, the trailing you have coded fixed the benefits above TGL (or TGS for short). Once the price is above TGL, the trailing stop is activated. Sometimes, I have realised that when is winning 32 pips (in case of TGL=32), it activate the trailing just above cero.
Following this example, is there any way once the price goes 32 pips that it could be locked to 15 for example? I am studying this part of the code, but have no clue on how to get it. I was never the smartest kid of my class :)), so I wanted to ask you first, in case there was an easy solution (i.e.- just changing the value of some parameters).
If any other case, I will continue studying your trailing code.
Thanks anyway for the hammer negated. It works really well.
Best,
Juan
That’s right, this trailing stop code is the ‘max favorable excursion’ one you can find in this blog article: https://www.prorealcode.com/blog/learning/trailing-stop-max-favorable-excursion-mfe/
But the way you want the trailing stop to move is the one explained in this other blog post: https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/
with this last one, you can set the “trailing start” which is the amount of point in profit to start the function and the “trailing step” which is the step in points of the stoploss.
Hi Nicolas,
Thanks so much. I will check those blogs. Nothing that is achievable is enough.
Best,
Juan
I meant: Knowing that is achievable….
@Juan: Don’t be too eager to lock in profit and trail the price too closely. What you will achieve most likely is that winning trades are closed prematurely with only a small profit. Been there, done that. 😉
@Despair: You are right. It close the winnings prematurely. What I am doing is setting the trailing start close/equal to my profit, and allowing the profit to run after securing benefits, but it is not as simple as I pictured it in my mind 😉
Hi.
I have ran Nicolas fix version of this strategy since some of us could not make the org. Version to start in.live prt.
Now i stopped the strategy after 10trades or so to up my contracts but after doing so it wont start again. I Get error stopped after pushing start/run and code says
Not enough historical data and preloadbars need to.be same or above 1000?
Strange … yesterday in demo closed me in profit … in real loss. 🙁
I got loss in real buy but I also got.loss in.backtest ,but I have tested many times in.bactest and somethimes this trades win as well. Sometimes it happens but I dont belive its a big problem becase sometimes you win.and bactest showes loss 🙂
Hi Francesco,
I really like this strategy of yours but I had a problem with the wide stop loss. The result of having such a wide SL is that you get a buy/sell signal and then it is possible that the trade just goes sideways for a long time without hitting TP or SL. This didn’t feel right for me. If we get a negated hammer the result should be a direct move in the direction of the trade. Staying in the trade longer makes it a game of chance IMO. 2-3 hours (or more) after the negated hammer the signal has lost it’s power and the trade failed in my eyes. Staying in the trade longer then is only hoping for the trade to develop in the right direction. And I don’t like hoping. 😉
Therefore i introduced a time stop. After 3 bars (30mins) I check if the trade is in profit, is this not the case i close the trade.
if barindex-tradeindex=3 and positionperf<0 then
if longonmarket then
sell at market
elsif shortonmarket then
exitshort at market
endif
endif
Adding this time stop to your strategy of course reduces the winning % but risk is contained much better and the average losing trades is reduced by 80%!
I think this is an improvement that rectifies the time stop.
thank you Despair! I agree very much with what you said. I am travelling now and I cant test your code right now. Would be great if you post a picture of the statistic of the strategy. thanks again.
Here is the result of my version (I have probably made more changes to your original version but forgot which hahaha) with time stop. My version without time stop had an average losing trade of about 60 USD. Now it is down to 10 USD.
BTW: Some time ago you mentioned the possibility to team up in strategy development. I would be interested in a little tighter cooperation with a fellow physicist. 🙂
hi Despair, many thanks, apologies for the late reply but im travelling in Greece right now. yes sure we can try to team up in strategy devopment.
Edit by admin:please don’t share personally information on forums, thank you.
hello,
do you have an updated version (with the despair’s add)?
thanks
@rejo007, took a look at this one. Trying to find strategies that requires low capital so I can run more than just a few.
Got the best results with Despairs change set to 2.
