Question how to move stoploss to neut?

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  • 12/18/2020 at 12:42 PM #154267 quote
    Malend
    Participant
    Average

    Hell0,

    I am working on my backtest code for EUR/USD.  To makes things easy I only talk about LONG positions!
    My buy is when the average[20] crosses over average[50]. I work with a fixed target of 10 pips and original stoploss at the lowest of the last 5 bars. BUT after a high has reached the 4 pips, I want to move the stoploss to neutral, which means the buy price. That last thing doesn’t work.

    How do need to describe this?

    Thanks a lot, Marc

    defparam cumulateorders =  false

//conditions for long
mashort = average[20] (close)
malong = average[30] (close)
c1= (mashort crosses over malong)

if c1 then
BUY 1 contract at market
stoploss = lowest[5] (low)
endif

// Conditions to put the stoploss to neutral after the high has been above the buy plus 4 pips
if LongOnMarket and high => positionprice + 4 then
stoploss = positionprice
endif

// Stops and Targets
SET TARGET pPROFIT 10
SET STOP ploss stoploss
    12/18/2020 at 1:02 PM #154273 quote
    XORANDNOT
    Participant
    Senior
    nb = barindex - tradeindex

highesthigh = highest[nb+1](high)

If longonmarket and (not c1) and highesthigh >= positionprice + 4 then

sell at positionprice stop

endif
    12/18/2020 at 1:16 PM #154276 quote
    robertogozzi
    Moderator
    Master

    You are mixing prices with pips.

    StopLoss  is a price, while SET STOP PLOSS requires pips, with Dax your SL would become 13700 pips, with Eur/Usd just a little more than 1 pip.

    Try replacing line 15 with:

    stoploss = abs(positionprice - high) / PipSize

    But I think the new stoploss would be set from PositionPrice, not high, so it wouldn’t be a breakeven.

    Using a pending Stop order might be a better solution.

    Let me know if the above doesn’t work.

    12/18/2020 at 2:03 PM #154285 quote
    Malend
    Participant
    Average

    Thanks Xorandnot,

    It looks logical, though, when I backtest, it doesn’t do what I expect it will do. I changed the original SL to a fixed numberof 4 pips, because I see that it didn’t take the stoploss at the lowest low from the last 5 candles as descibed befor. But even then, it doesn’t move the SL to neutral after the price has reached 4 pips.
    See the image.
    I know it has to do with the order in my programming.

    // defenition of code parameters
defparam cumulateorders =  false

//conditions for long
mashort = average[20] (close)
malong = average[30] (close)
c1= (mashort crosses over malong)

if c1 then
BUY 1 contract at market

endif

// Conditions to put the stoploss to neutral after the high has been above the positionprice of 4 pips

nb = barindex - tradeindex
 
highesthigh = highest[nb+1](high)
 
If longonmarket and (not c1) and highesthigh >= positionprice + 4 then
 
sell at positionprice stop
 
endif


// Stops and Targets
SET TARGET pPROFIT 10
SET STOP ploss 4
    BT.jpg BT.jpg
    12/18/2020 at 2:24 PM #154291 quote
    Malend
    Participant
    Average

    Thanks Roberto,

    Yes of course, I mix pips and price. Not good 🙂 I use EUR/USD, 600 ticks

    But still… 2 things don’t work in my coding.
    1. When BUY then I want the stoploss below the lowest low form the previous 5 candles. The code like down here doesn’t work like that.
    if c1 then
    BUY 1 contract at market
    stoploss = lowest[5] (low)
    endif

    2. When after BUY the price has reached 4 pips above the BUY, then I want the SL moved to neutral.
    I have changed my line 15 the way you suggested, but that doesn’t seem to work.

     

    defparam cumulateorders =  false

//conditions for long
mashort = average[20] (close)
malong = average[30] (close)
c1= (mashort crosses over malong)

if c1 then
BUY 1 contract at market
stoploss = lowest[5] (low)
endif

// Conditions to put the stoploss to neutral after the high has been above the buy plus 4 pips
if LongOnMarket and high => positionprice + 0.0004 then
stoploss = abs(positionprice - high) / PipSize
endif

// Stops and Targets
SET TARGET pPROFIT 10
SET STOP ploss stoploss
    12/18/2020 at 2:48 PM #154294 quote
    robertogozzi
    Moderator
    Master

    4 pips might be too few, check with IG what’s the minimum required.

    At line 9 you should add AND Not OnMarket to your conditions, so that your calculation is  not made after entering a trade since this makes your SL to move each candle.

    A pending stop order, similar to the one suggested by  XorAndNot might be useful.

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Question how to move stoploss to neut?


ProOrder: Automated Strategies & Backtesting

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Malend @malend Participant
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This topic contains 5 replies,
has 3 voices, and was last updated by robertogozzi
5 years, 2 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 12/18/2020
Status: Active
Attachments: 1 files
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