SAR Trailing stop

Bob · 2016-03-28T02:54:48+00:00

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

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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

Legend

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

Legend
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.

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