Question how to move stoploss to neut?

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

  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

  stoploss to neutral after reached a certain level

  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

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  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

  

  Malend

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  12/18/2020 at 1:02 PM #154273
  XORANDNOT

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

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

   

  

  XORANDNOT

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  12/18/2020 at 1:16 PM #154276
  robertogozzi

  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

  1	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.

   

  

  robertogozzi

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

  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

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  // 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

  

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  12/18/2020 at 2:24 PM #154291
  Malend

  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

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  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

  

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  12/18/2020 at 2:48 PM #154294
  robertogozzi

  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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