SAR Trailing stop

• 03/28/2016 at 3:54 AM #4485
  Bob

  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

  1 2 3 4 5

  SAR1 = SAR[0.02,0.02,0.2][1]   // Stops and targets   SET STOP pTRAILING SAR1

   

  

  Bob

  Participant

  Topics: 1

  Replies: 2

  Been thanked: 0 times
  03/28/2016 at 10:09 AM #4499
  Nicolas

  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.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20830

  Been thanked: 4743 times
  03/29/2016 at 7:04 AM #4546
  Bob

  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

  

  Bob

  Participant

  Topics: 1

  Replies: 2

  Been thanked: 0 times
  03/29/2016 at 7:36 AM #4548
  Nicolas

  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

  1 2 3 4 5 6 7

  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

  1 2 3 4 5 6 7

  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.

  1 user thanked author for this post.

  von

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20830

  Been thanked: 4743 times
• Author
  Posts