Profit Trailing Stop

• 05/24/2019 at 11:12 AM #99343
  solar

  Hi everyone, i am new to prorealcode

  Can anyone help me code the following trailing stop strategy?

  Exit the trade when bookprofit retace 40% from its maximum level (minimum level to be triggered = $1000 bookprofit)

  Many thanks!

  

  solar

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  05/30/2019 at 1:20 AM #99687
  solar

  Does anyone have any suggested solution ?

  

  solar

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  05/30/2019 at 7:31 AM #99695
  Vonasi

  Just record your maximum profit achieved by comparing the position price to the high for long trades (or low for short trades). Then calculate what value would be 40% lower or higher and place a pending order at that price. Something like this – once again not tested and written after just one coffee! Written for non cumulating positions.

  defparam cumulatepositions = false if not longonmarket and (your long conditions) then buy 1 contract at market maxprofit = 0 endif if not shortonmarket and (your short conditions) then sellshort 1 contract at market maxprofit = 0 endif if longonmarket then maxprofit = max(high - positionprice, maxprofit) exitprice = positionprice + (maxprofit * 0.60) if maxprofit >= 1000 then sell at exitprice stop endif endif if shortonmarket then maxprofit = max(positionprice - low, maxprofit) exitprice = positionprice - (maxprofit * 0.60) if maxprofit >= 1000 then exitshort at exitprice stop endif endif

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  defparam cumulatepositions = false   if not longonmarket and (your long conditions) then buy 1 contract at market maxprofit = 0 endif   if not shortonmarket and (your short conditions) then sellshort 1 contract at market maxprofit = 0 endif   if longonmarket then maxprofit = max(high - positionprice, maxprofit) exitprice = positionprice + (maxprofit * 0.60) if maxprofit >= 1000 then sell at exitprice stop endif endif   if shortonmarket then maxprofit = max(positionprice - low, maxprofit) exitprice = positionprice - (maxprofit * 0.60) if maxprofit >= 1000 then exitshort at exitprice stop endif endif

   

   

   

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  solar

  

  Vonasi

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  05/31/2019 at 2:18 AM #99737
  solar

  By the way, is “set stop %trailing ” not available in ProOrder?

  the coding was fine in ProBacktest, yet the program said it cannot be used in ProOrder.

  I am currently using PRTv10.3

  

  solar

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