Possible to have multiple stop losses?

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  • 10/30/2017 at 5:09 PM #50950 quote
    jebus89
    Participant
    Master

    Hi im wondering if i can have 2 different stop loss rules:

    1. The breakeven stop loss: if i have 40 pips or more, it will exit at 5 pips profit if price drops.

    2. The trailing stop loss: This is francesco78 idea (maybe he has gotten it from someone else) where if I have more then 70 pips profit it will start trailing stop loss. For every 20 pips i gain the stop loss will be moved up.

     

    Can i run both of these in an algo and expect both of them to run?

     

    edit: i have both the codes, no need to link or search for them 🙂

    10/30/2017 at 11:16 PM #50994 quote
    Despair
    Blocked
    Master

    Yes, you can.

    10/31/2017 at 7:52 AM #51013 quote
    jebus89
    Participant
    Master

    Big thanks for your reply Despair!

    I have a follow up question here:

    Regarding the breakeven stop loss: Can i have more “levels” / “steps”?

    For example:

    If i have 50 pips in profit, set stop loss 5 pips

    But if i reach 100 pips in profit, set stop loss 50 pips

    10/31/2017 at 10:28 AM #51038 quote
    Despair
    Blocked
    Master

    Sure you can, you simply have to program, that your code adapts the SL all the time. What you describe is nothing else than a trailing SL.

    10/31/2017 at 10:46 AM #51039 quote
    jebus89
    Participant
    Master

    Thanks again Despair, i was worried PRT might fuck up if i have many stop loss rules..

     

    Another question, might be a dumb one but im gonna ask it anyways: The PRT stop loss is guaranteed right? So if i exit via a stop thats gonna cost me 1 extra pip (if im not mistaken thats the price for guaranteed stop loss right?)

    10/31/2017 at 11:15 AM #51044 quote
    Despair
    Blocked
    Master

    This depends on what kind of account you have. For the new limited risk accounts it is this way (iI think). In Sweden we don’t have this (yet). So stops are not guaranteed and therefore cost nothing extra.

    10/31/2017 at 2:39 PM #51077 quote
    jebus89
    Participant
    Master

    Oh thats good info, i was under the impression that all IG cfd accounts where the same..

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Possible to have multiple stop losses?


ProOrder: Automated Strategies & Backtesting

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jebus89 @jebus89 Participant
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This topic contains 6 replies,
has 2 voices, and was last updated by jebus89
8 years, 4 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 10/30/2017
Status: Active
Attachments: No files
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