reducing stoploss timebased

Paul · 2019-01-14T12:52:40+00:00

Hi If I run a intraday strategy it has to perform with a stoploss of 1% Still I like to reduce that, but not with standard optimisation. An idea I thought of is reducing it based on time. But if a trade continues to a new day, it starts again using the wrong stoploss. What is the best way to prevent that? Perhaps this may not be a good idea because it creates variables, but still I’am interested to see how it works out. set stop %loss sl if reducestoploss then If onmarket and barindex > tradeindex then if time = 100000 and (positionperf*100) > sl-(x*2) then set stop %loss sl-(x*2) endif if time = 113000 and (positionperf*100) > sl-(x*3) then set stop %loss sl-(x*3) endif if time = 133000 and (positionperf*100) > sl-(x*4) then set stop %loss sl-(x*4) endif if time = 150000 and (positionperf*100) > sl-(x*5) then set stop %loss sl-(x*5) endif endif endif

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01/14/2019 at 1:52 PM #88564 quote
Paul
Participant

Master
Hi

If I run a intraday strategy it has to perform with a stoploss of 1%

Still I like to reduce that, but not with standard optimisation.

An idea I thought of is reducing it based on time.

But if a trade continues to a new day, it starts again using the wrong stoploss.

What is the best way to prevent that?

Perhaps this may not be a good idea because it creates variables, but still I’am interested to see how it works out.
```
set stop %loss sl

if reducestoploss then
If onmarket and  barindex > tradeindex then
if time = 100000 and (positionperf*100) > sl-(x*2) then
set stop %loss sl-(x*2)
endif
if time = 113000 and (positionperf*100) > sl-(x*3) then
set stop %loss sl-(x*3)
endif
if time = 133000 and (positionperf*100) > sl-(x*4) then
set stop %loss sl-(x*4)
endif
if time = 150000 and (positionperf*100) > sl-(x*5) then
set stop %loss sl-(x*5)
endif
endif
endif
```
01/15/2019 at 8:42 AM #88649 quote

Nicolas
Keymaster

Legend

Paul wrote:

What is the best way to prevent that?

Flag the date in a variable the first time you change the stoploss, and check if it has changed when you are on market.

01/15/2019 at 12:38 PM #88670 quote
Paul
Participant

Master
Thanks for the usefull feedback! I was wrong in my approach.

The code below should do the job.

reducestoploss=1 ( 0=disabeld)
```
// build-in exit
if not onmarket then
flag=0
endif

sl=1.00
x=0.1

if reducestoploss then
If onmarket then
if flag=0 and time = 100000 then
set stop %loss sl-(x*2)
flag=1
endif
if flag=1 and time = 113000 then
set stop %loss sl-(x*3)
flag=2
endif
if flag=2 and time = 133000 then
set stop %loss sl-(x*4)
flag=3
endif
if flag=3 and time = 150000 then
set stop %loss sl-(x*5)
flag=4
endif
endif
else
set stop %loss sl
endif
```
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