Simplified creation – Trailing stop, working?

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11/20/2021 at 9:18 PM #181954 quote

Fredrik_pe
Participant

New

Hi everyone!

I have a question regarding the trailing stop in simplified creation. I am testing a simple RSI setup on DAX 2h chart.

Scenario: open long trade if RSI <29. SL 50 points/pips, trailing stop active 7 points/pips.

An example:

Opens buy order 2021-10-29 13:00 15562,9, closes position same 2h candle 15607,5. When zooming into 1 min chart, I don’t understand why the position wasn’t closed at approx 13:15…. This since the price reached approx 15582 13:10, hence should trailing stop not have been set to approx 15575 and then closed at approx 13:15?

I.e. what does it mean that “Creates a trailing stop which takes as a reference the price level that created the highest profit since the position was opened (brokerage fee not included”?.

Thanks for your support!

1-min-chart.jpg 2h-chart.jpg PRT-order.jpg

11/20/2021 at 11:27 PM #181958 quote

robertogozzi
Moderator

Master

Post the code, as it may happen that you have two different STOPs, be them on the same or separate line.

On the same line is not allowed, though backtests work. On different lines, the second one overrides the first one.

11/21/2021 at 8:39 PM #182001 quote

Eric
Participant

Master

You cant use both, its either stop or trailing stop (simplified creation)

a trailing stop start with a stop and then moves the stop and trail the price
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Simplified creation – Trailing stop, working?

ProOrder: Automated Strategies & Backtesting

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Fredrik_pe @fredrik_pe Participant

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This topic contains 2 replies,
has 3 voices, and was last updated by Eric
4 years, 3 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	11/20/2021
Status:	Active
Attachments:	3 files

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