SAR Trailing stop

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  • 03/28/2016 at 3:54 AM #4485 quote
    Bob
    Participant
    New

    I would find useful to have a trailing stop that will stay below the SAR indicator when buying and vice versa when selling. The same coding I guess would apply if using a Moving average or other indicator.

    I used the below code that gives excellent result in back-testing but it appears is a sort of curve fitting as it does not work in real market.

     

    SAR1 = SAR[0.02,0.02,0.2][1]

// Stops and targets

SET STOP pTRAILING SAR1
    03/28/2016 at 10:09 AM #4499 quote
    Nicolas
    Keymaster
    Master

    Hello Bob, pTRAILING is a pip/point distance between the STOP and the current price. So you have to find this distance by substracting the SAR value and the price one.

    03/29/2016 at 7:04 AM #4546 quote
    Bob
    Participant
    New

    Thanks Nicolas. Pity because it would have been nice to have a sort of dynamic trailing stop.

    Do you know why when trading through IG with your platform it is not possible to have a stop loss and a trailing stop at the same time?

    Example:

    SET STOP LOSS 20 pTRAILING 10

    Thanks

    03/29/2016 at 7:36 AM #4548 quote
    Nicolas
    Keymaster
    Master

    The example i shown to you is a dynamic trailing stop. It’s actually the same to have a fixed price or a price difference between 2 points.

    Just to be clear :

    SAR1 = SAR[0.02,0.02,0.2][1]

// Stops and targets

mytrailing = ABS(Open-SAR1)

SET STOP pTRAILING mytrailing

     

    or you can also change dynamically your stoploss at each new bar :

    SAR1 = SAR[0.02,0.02,0.2][1]

// Stops and targets

mystop = ABS(Open-SAR1)

SET STOP pLOSS mystop

     

    Of course I made no conditional request to the server to test if the SAR is above or below your price, it will handle by itself if it can place the stoploss for a buy or a sell order.

    von thanked this post
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SAR Trailing stop


ProBuilder: Indicators & Custom Tools

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Bob @bob Participant
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This topic contains 3 replies,
has 2 voices, and was last updated by Nicolas
9 years, 10 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 03/28/2016
Status: Active
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