Pointsize? problem when setting SL

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  • 01/31/2019 at 4:00 PM #90153 quote
    PastaPesto
    Participant
    Veteran

    Hello!

    Im testing a code to set my SL just below “swing low” when going long. This code seems to work the way I want to on DAX, but when testing it in Forex I just cant get it to work properly. I tried to use “pointsize” but I just cant get it to work the way it does in DAX. The problem is that it just closes the order directly with SL or TP. With *pointsize it goes a bit longer but not even close to where it should.

    Below a simple code just to show in a simple way the way it works.

    //Test SL from low
Defparam cumulateorders = false
N=10
TPP=1.5//risk/reward
extra=15//pips below Low for SL

C1 = ExponentialAverage[3](close)
C2 = ExponentialAverage[20](close)

IF c1 crosses over c2 THEN
Low1=LOWEST[5](low)//lowest point of the 5 recent candle
SL= (close-LOW1)+extra//Lowest + 15 extra pips under
TP= SL*TPP//Risk/reward
BUY N/SL SHARES at MARKET
Set target pprofit TP
SET STOP pLOSS SL
ENDIF
    01/31/2019 at 4:05 PM #90154 quote
    robertogozzi
    Moderator
    Master

    Try

    SL= (close-LOW1)*pipsize+extra//Lowest + 15 extra pips under
    01/31/2019 at 7:44 PM #90194 quote
    PastaPesto
    Participant
    Veteran

    Thanks Roberto for your reply,

    I still dont get it to work. example pic from GBPUSD where it doesnt work and another from DAX where it looks ok. On Dax it only works without Pipsize and on GBPUSD it doesnt work with or without. Do I need to add pipsize anywhere else?

    Skärmklipp-SL.jpg Skärmklipp-SL.jpg Skärmklipp-SL-Dax.jpg Skärmklipp-SL-Dax.jpg
    01/31/2019 at 10:58 PM #90216 quote
    robertogozzi
    Moderator
    Master

    If you add 15 to GbpUsd you’ll reach around 16.3 which will NEVER be true.

    You’ll have to convert also the other value to pips:

    extra=15 * pipsize //pips below Low for SL

    I forgot to write it in my previous answer, sorry.

    PastaPesto thanked this post
    02/04/2019 at 11:25 AM #90396 quote
    PastaPesto
    Participant
    Veteran

    Ok, everything is working now. I actually had to divide with pipsize at pairs where the the number was lower than 1 (ex 0.002) .  I also had to do it at the “extra” as you mentioned Roberto.

    Thank you Roberto, Grazie Mille!

     

     

    SL= (close-LOW1)/Pipsize+extra//Lowest + 15 extra pips under
    Paul thanked this post
    02/04/2019 at 12:31 PM #90405 quote
    robertogozzi
    Moderator
    Master

    Sorry, it was DIVIDE, you’re right!

    Paul thanked this post
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Pointsize? problem when setting SL


ProOrder: Automated Strategies & Backtesting

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PastaPesto @pastapesto Participant
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This topic contains 5 replies,
has 2 voices, and was last updated by robertogozzi
7 years ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 01/31/2019
Status: Active
Attachments: 2 files
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