set stop loss in profit region when in profit

• 02/24/2021 at 3:15 AM #162496
  kevin12345

  hi,

  anyone know how to code set stop loss in profit region when in profit?

  thank you

  

  kevin12345

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  02/24/2021 at 8:28 AM #162498
  robertogozzi

  You need to use pending a STOP order.

  Example to set SL at breakeven + 10 pips, after profits have reached 50 pips:

  If not OnMarket then StopLoss = 0 Endif If StopLoss = 0 and OnMarket then Profit = PositionPerf * PositionPrice If Profit > 50 * pipsize then If LongOnMarket then StopLoss = PositionPrice + 10 * pipsize Else StopLoss = PositionPrice - 10 * pipsize Endif Endif Endif If StopLoss > 0 then Sell at StopLoss STOP Exitshort at StopLoss STOP Endif

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  If not OnMarket then    StopLoss = 0 Endif If StopLoss = 0 and OnMarket then    Profit = PositionPerf * PositionPrice    If Profit > 50 * pipsize then       If LongOnMarket then          StopLoss = PositionPrice + 10 * pipsize       Else          StopLoss = PositionPrice - 10 * pipsize       Endif    Endif Endif If StopLoss > 0 then    Sell      at StopLoss STOP    Exitshort at StopLoss STOP Endif

  (not tested)

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  02/24/2021 at 11:07 AM #162505
  kevin12345

  can someone explain why I exit there?

  IF c1 and uptrend and not onmarket THEN BUY 1 CONTRACTS AT MARKET ENDIF If OnMarket then totalProfit = PositionPerf * PositionPrice if totalprofit > 10*pipsize then stoploss = positionprice + 5*pipsize sell at stoploss stop exitshort at stoploss stop Endif Endif If longonmarket and totalProfit > 10 * pipsize then if habearcandle5mn then Sell at market Endif endif

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  IF  c1  and uptrend and not onmarket THEN BUY 1 CONTRACTS AT MARKET ENDIF   If OnMarket then totalProfit = PositionPerf * PositionPrice if totalprofit > 10*pipsize then stoploss = positionprice + 5*pipsize sell at stoploss stop exitshort at stoploss stop Endif Endif   If longonmarket and  totalProfit > 10 * pipsize then if habearcandle5mn then Sell at market Endif endif

  I’m not suppose to have a stop loss in the loss region

   

  thanks

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  icharttop

  

  kevin12345

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  02/24/2021 at 11:14 AM #162507
  kevin12345

  sorry problem solved. the reason why it stopped because the backtest period ended where it stopped.

  

  kevin12345

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  02/24/2021 at 12:04 PM #162514
  robertogozzi

  Be warned that pending orders expire each bar and you have to place them again and again, if needed.

  Lines 9-10 will only be executed the first time.

  You should place them outside that check (like my example), otherwise you SL will placed correctly when 10 pips are reached but, if not hit and the next bar profit decreses to 6 pips, it won’t be placed at all!

  

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  02/26/2021 at 2:03 AM #162645
  kevin12345

  hi, i want to put stoploss at 0 when profit is 5 pips above the positionprice and move to 5 pips in profit when it is 10pips above the positionprice. can you check my codes if i have done that? thank you

  If longOnMarket then totalProfit = PositionPerf * PositionPrice if totalprofit > 5*pipsize then stoploss = 0 endif if totalprofit > 10*pipsize then stoploss = positionprice + 5*pipsize Endif Endif if stoploss=0 then sell at stoploss stop endif if stoploss > 0 then sell at stoploss stop endif

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  If longOnMarket then totalProfit = PositionPerf * PositionPrice if totalprofit > 5*pipsize then stoploss = 0 endif if totalprofit > 10*pipsize then stoploss = positionprice + 5*pipsize Endif Endif   if stoploss=0 then sell at stoploss stop endif   if stoploss > 0 then sell at stoploss stop endif

   

  

  kevin12345

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  02/26/2021 at 3:49 AM #162647
  kevin12345

  if not onmarket then stoploss = 0 endif If longOnMarket then totalProfit = PositionPerf * PositionPrice if totalprofit > 10*pipsize then stoploss = positionprice + 5*pipsize Endif Endif if longonmarket and close <10*pipsize then sell at stoploss stop endif If longonmarket and totalProfit > 10 * pipsize then if habearcandle5mn then Sell at market Endif endif set target pprofit 100 graph stoploss

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  if not onmarket then stoploss = 0 endif   If longOnMarket then totalProfit = PositionPerf * PositionPrice if totalprofit > 10*pipsize then stoploss = positionprice + 5*pipsize Endif Endif   if longonmarket  and close <10*pipsize then sell at stoploss stop endif   If longonmarket and  totalProfit > 10 * pipsize then if habearcandle5mn then Sell at market Endif endif   set target pprofit 100 graph stoploss

  

  kevin12345

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  02/26/2021 at 3:50 AM #162649
  kevin12345

  does not seem to trigger the stop loss i have on 5 pips above position price.

  

  kevin12345

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  02/26/2021 at 6:02 AM #162652
  kevin12345

  solved it

  

  kevin12345

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  02/26/2021 at 8:51 AM #162659
  GraHal

  Tell us then please … stories without endings are not good for sleeping!? 🙂

  

  GraHal

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  02/27/2021 at 7:59 AM #162704
  kevin12345

  change line 12 to

  if longonmarket and ((close - positionprice )< 10*pipsize) then

  1	if longonmarket  and ((close - positionprice )< 10*pipsize) then

   

  

  kevin12345

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  02/27/2021 at 8:01 AM #162705
  kevin12345

  but for going short it does not work. it opens and closes immediately and the stoploss variable is always zero.

  if not onmarket then stoploss = 0 endif If shortOnMarket then totalProfit = PositionPerf * PositionPrice if totalprofit > 10*pipsize then stoploss = positionprice - 5*pipsize Endif Endif if shortonmarket and (( positionprice - close )< 10*pipsize) then exitshort at stoploss stop endif If shortonmarket and totalProfit > 10 * pipsize then if habullcandle5mn then exitshort at market Endif endif

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  if not onmarket then stoploss = 0 endif If shortOnMarket then totalProfit = PositionPerf * PositionPrice if totalprofit > 10*pipsize then stoploss = positionprice - 5*pipsize Endif Endif   if shortonmarket  and (( positionprice - close )< 10*pipsize) then exitshort at stoploss stop endif   If shortonmarket and  totalProfit > 10 * pipsize then if habullcandle5mn then exitshort at market Endif endif

  anyone got any ideas?

   

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  kevin12345

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  02/27/2021 at 8:09 AM #162706
  kevin12345

  seems like it worked when i changed line 2 to stoploss=2 because i have spread =2 when i backtested

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  SkippyTrader

  

  kevin12345

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  02/27/2021 at 8:18 AM #162707
  Vonasi

  Obviously when going short prices and stop losses are reversed. So the calculations in lines 7 and 11 need to be reversed.

  stoploss = positionprice + 5*pipsize

  1	stoploss = positionprice + 5*pipsize

  if shortonmarket and (( close - positionprice)< 10*pipsize) then

  1	if shortonmarket  and (( close - positionprice)< 10*pipsize) then

   

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  Vonasi

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  10/05/2021 at 2:59 PM #179088
  SkippyTrader

  Thanks – very useful to code this to minimise losing any initial capital.

  

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