reducing stoploss timebased

• 01/14/2019 at 1:52 PM #88564
  Paul

  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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  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

   

  

  Paul

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  01/15/2019 at 8:42 AM #88649
  Nicolas

  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.

  

  Nicolas

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

  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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  // 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

   

   

   

  

  Paul

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