Problem with Stops being cleared

• 01/16/2017 at 12:18 PM #21280
  Rien

  Hi All

  I’ve learned so much from all of you on this forum so for that thanks a lot!

  Today I hope that someone can help me with a specific query though. I’ve coded most of my strategies with progressive stops. As my profit runs up I’ve adjusted stop loss to lock in more profit. Every now and then, I have a problem where my stops suddenly disappear though. I’ve let’s say upped it twice and thereafter I suddenly have no stop loss and I’ve lost big. Means I can’t really let an Algo run unattended either. Does anyone know of this problem? Is it perhaps true that when target is adjusted (limit order), a stop loss order must also be set?

  Thanks

  Rieneke

  

  Rien

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  01/16/2017 at 1:25 PM #21298
  Nicolas

  Without the code itself, it’s a little bit tricky to answer precisely. However, did you looked at your orders history (CTRL+O), to see the reasons why the stoploss didn’t move correctly?

  If you are using STOP pending orders to set your stoploss, remember that you need to set them at each new candlestick, because this kind of orders only last 1 bar (expiration).

  

  Nicolas

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  01/16/2017 at 1:29 PM #21300
  Rien

  Thanks, Nicolas. That is my answer. I didn’t know that they expire! Thanks

   

  

  Rien

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  01/16/2017 at 1:37 PM #21306
  Rien

  Sorry, thinking further. They only get cleared some of the time, others stay active. Below an example of the code used.

  if tradeext = -0.8 and lprice < (positionprice - 355) then tradeext = -1 exitshort at positionprice - 195 stop endif

  1 2 3 4

  if tradeext = -0.8 and lprice < (positionprice - 355) then tradeext = -1 exitshort  at positionprice - 195 stop endif

   

  

  Rien

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  01/16/2017 at 1:39 PM #21307
  Nicolas

  Pending orders that stay active are still alive because your condition tested in your first line of you example is still true.

  

  Nicolas

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