Hello,
I am trying to create some sort of a trailing stop in which once I set the parameters for the initial stop loss (ATR*3) and everytime the price of the asset increases the equivalent of that stop loss I would risk a percentage of the profits (trailing the stop). Percentage that would be changing everytime the price increases ‘N’ times the initial value of the initial stop loss;
i.e. when the price of the asset bought has increased 1 time the ATR*3 (initial amount of the stop loss) I would risk the 100% of the profit, so the stop should be trailed to a break even position. Next if the price increases 2 times the ATR*3 (initial amount of stop loss), I would risk the 80% of the profit, meaning that I should trail the stop, but just enough to lock in a 20% profit and let the market take the other 80%, and so on…
So far I have the following and I am out of ideas to code it and wondering if is even possible to do it:
IF not longonmarket then
BUY 1 CONTRACTS AT MARKET
SET STOP LOSS averagetruerange[10](close[0])*3
Endif
Would appreciate any help!
Well, so far I have been trying out this code (I think I am close to do it), but still not sure why it is not working yet:
Defparam cumulateorders = false
Timeframe (1 week)
c1 = close[1]
c2 = close[2]
c3 = close[3]
a1= open[1]
a2= open[2]
a3= open[3]
MyADX18 = ADX[24]
ADXperiods = 2
MySMA24=average[24](c1)
MySMA200= average[200](c1)
Efficiency = call "Efficiency"
Condition1 = c2>c3 and c1>c2
Condition2= a2>a3 and a1>a2
Condition3 = LOWEST[ADXperiods + 1](MyADX18) > 20
Condition4 = c1 > MySMA24
Condition5 = c1 > MySMA200
Condition6 = Efficiency>0.7
Timeframe (default)
Mystop = (averagetruerange[10](close[0]))*3
IF not longonmarket and Condition1 and Condition2 and Condition3 and Condition4 and Condition5 and Condition6 THEN
BUY 1 CONTRACTS AT MARKET
SET STOP LOSS Mystop
Endif
IF LONGONMARKET AND (Not Condition4 and not Condition5) or (Not Condition3 and Not Condition4) or (Not Condition3 and Not Condition5) THEN
SELL 1 CONTRACTS AT MARKET
ENDIF
//Stops
IF NOT ONMARKET THEN
newSL=0
ENDIF
Close0 = Tradeprice(1)
Trailingstart = Close[0] + Mystop
R3=((close0+(mystop*3)-Close0))*0.8
R4=((close0+(mystop*4)-Close0))*0.75
R5=((close0+(mystop*5)-Close0))*0.45
R6=((close0+(mystop*6)-Close0))*0.45
R7=((close0+(mystop*7)-Close0))*0.4
R8=((close0+(mystop*8)-Close0))*0.3
R9=((close0+(mystop*9)-Close0))*0.25
R10=((close0+(mystop*10)-Close0))*0.25
R11=((close0+(mystop*11)-Close0))*0.25
R12=((close0+(mystop*12)-Close0))*0.12
R13=((close0+(mystop*13)-Close0))*0.10
R14=((close0+(mystop*14)-Close0))*0.10
R15=((close0+(mystop*15)-Close0))*0.09
R16=((close0+(mystop*16)-Close0))*0.09
R17=((close0+(mystop*17)-Close0))*0.09
R18=((close0+(mystop*18)-Close0))*0.08
R19=((close0+(mystop*19)-Close0))*0.08
R20=((close0+(mystop*20)-Close0))*0.08
R21=((close0+(mystop*21)-Close0))*0.08
R22=((close0+(mystop*22)-Close0))*0.05
IF newSL>0 THEN
SELL AT newSL STOP
ENDIF
IF LONGONMARKET THEN
//first move (breakeven)
IF newSL=0 AND close-Close0>=trailingstart and Close<(close0+(Mystop*2)) THEN
newSL = (close0+mystop)
ENDIF
//next moves (trailing stop)
IF newSL>0 AND close-newSL>=R3 AND close-newSL<R4 THEN
newSL = newSL+R3
ENDIF
IF newSL>newSL+R3 AND close-newSL>=R4 AND close-newSL<R5 THEN
newSL = newSL+R4
ENDIF
IF newSL>newSL+R4 AND close-newSL>=R5 AND close-newSL<R6 THEN
newSL = newSL+R5
ENDIF
IF newSL>newSL+R5 AND close-newSL>=R6 AND close-newSL<R7 THEN
newSL = newSL+R6
ENDIF
IF newSL>newSL+R6 AND close-newSL>=R7 AND close-newSL<R8 THEN
newSL = newSL+R7
ENDIF
IF newSL>newSL+R7 AND close-newSL>=R8 AND close-newSL<R9 THEN
newSL = newSL+R8
ENDIF
IF newSL>newSL+R8 AND close-newSL>=R9 AND close-newSL<R10 THEN
newSL = newSL+R9
ENDIF
IF newSL>newSL+R9 AND close-newSL>=R10 AND close-newSL<R11 THEN
newSL = newSL+R10
ENDIF
IF newSL>newSL+R10 AND close-newSL>=R11 AND close-newSL<R12 THEN
newSL = newSL+R11
ENDIF
IF newSL>newSL+R11 AND close-newSL>=R12 AND close-newSL<R13 THEN
newSL = newSL+R12
ENDIF
IF newSL>newSL+R12 AND close-newSL>=R13 AND close-newSL<R14 THEN
newSL = newSL+R13
ENDIF
IF newSL>newSL+R13 AND close-newSL>=R14 AND close-newSL<R15 THEN
newSL = newSL+R14
ENDIF
IF newSL>newSL+R14 AND close-newSL>=R15 AND close-newSL<R16 THEN
newSL = newSL+R15
ENDIF
IF newSL>newSL+R15 AND close-newSL>=R16 AND close-newSL<R17 THEN
newSL = newSL+R16
ENDIF
IF newSL>newSL+R16 AND close-newSL>=R17 AND close-newSL<R18 THEN
newSL = newSL+R17
ENDIF
IF newSL>newSL+R17 AND close-newSL>=R18 AND close-newSL<R19 THEN
newSL = newSL+R18
ENDIF
IF newSL>newSL+R18 AND close-newSL>=R19 AND close-newSL<R20 THEN
newSL = newSL+R19
ENDIF
IF newSL>newSL+R19 AND close-newSL>=R20 AND close-newSL<R21 THEN
newSL = newSL+R20
ENDIF
IF newSL>newSL+R20 AND close-newSL>=R21 AND close-newSL<R22 THEN
newSL = newSL+R21
ENDIF
IF newSL>newSL+R21 AND close-newSL>=R22 THEN
newSL = newSL+R22
ENDIF
ENDIF
Would appreciate some help!
Try this:
IF Not OnMarket THEN
MyProfit = 0
PrevProfit = 0
ENDIF
MyLongConditions = close CROSSES OVER average[200,0](close)
MyShortConditions = close CROSSES UNDER average[200,0](close)
IF MyLongConditions AND Not LongOnMarket then
BUY 1 CONTRACTS AT MARKET
MySL = averagetruerange[10](close[0])*3
SET STOP LOSS MySL
Endif
IF MyShortConditions AND Not ShortOnMarket then
SELLSHORT 1 CONTRACTS AT MARKET
MySL = averagetruerange[10](close[0])*3
SET STOP LOSS MySL
Endif
IF LongOnMarket THEN
xProfit = close - TradePrice
IF xProfit >= (MyProfit + MySL) THEN
PrevProfit = MyProfit
MyProfit = MyProfit + MySL
ENDIF
IF MyProfit > 0 THEN
SELL AT TradePrice + PrevProfit STOP
ENDIF
ELSIF ShortOnMarket THEN
xProfit = TradePrice - close
IF xProfit >= (MyProfit + MySL) THEN
PrevProfit = MyProfit
MyProfit = MyProfit + MySL
ENDIF
IF MyProfit > 0 THEN
SELL AT TradePrice - PrevProfit STOP
ENDIF
ENDIF
Thank you Roberto! I will try it and let you know.
Hi Roberto, I tried the code you suggested, with some changes for adapting it to what I need, however it stills not doing exactly wat I need. It does trail the first stop (thank you for that! I couldn’t even that work before), however the next trailings are not done.
I need not only the stop to trail the initial ATR*3 when the profits increase, but to trail in different proportions.
Basically, ATR*3 = 1R, so if profit>= 1R then the stop should trail to Tradeprice; if profits >= 2R then the stop should trail to Tradeprice+2R*80%; if profits >= 3R then the stop should trail to Tradeprice+2R*75%, and so on…
I tried for that pourpose these codes and neither of them work:
// Condiciones para entrada de posiciones largas
Defparam cumulateorders = false
Timeframe (1 week)
c1 = close[1]
c2 = close[2]
c3 = close[3]
a1= open[1]
a2= open[2]
a3= open[3]
MyADX18 = ADX[18]
ADXperiods = 2
MySMA24=average[24](c1)
MySMA200= average[200](c1)
Efficiency = call "Efficiency"
Condition1 = c2>c3 and c1>c2
Condition2= a2>a3 and a1>a2
Condition3 = LOWEST[ADXperiods + 1](MyADX18) > 20
Condition4 = c1 > MySMA24
Condition5 = c1 > MySMA200
Condition6 = Efficiency>0.7
Timeframe (default)
IF Not OnMarket THEN
MyProfit = 0
PrevProfit = 0
ENDIF
MyLongConditions = Condition1 and Condition2 and Condition3 and Condition4 and Condition5 and Condition6
IF MyLongConditions and not longonmarket THEN
BUY 1 CONTRACTS AT MARKET
Mystop = (averagetruerange[10](close[0]))*3
SET STOP LOSS Mystop
Endif
IF LONGONMARKET AND (Not Condition4 and not Condition5) or (Not Condition3 and Not Condition4) or (Not Condition3 and Not Condition5) THEN
SELL 1 CONTRACTS AT MARKET
ENDIF
//Stops
Close0 = Tradeprice
R3=0.8
R4=0.75
R5=0.45
R6=0.45
R7=0.4
R8=0.3
R9=0.25
R10=0.25
R11=0.25
R12=0.12
R13=0.10
R14=0.10
R15=0.09
R16=0.09
R17=0.09
R18=0.08
R19=0.08
R20=0.08
R21=0.08
R22=0.05
IF LongOnMarket THEN
xProfit = close - Close0
IF xProfit >= (MyProfit + Mystop) AND xProfit<(MyProfit + (Mystop*2)) THEN
PrevProfit = MyProfit
MyProfit = MyProfit + Mystop
ENDIF
IF MyProfit > 0 and Myprofit < Mystop*2 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*2 AND xProfit<Mystop*3 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R3
ENDIF
IF MyProfit => Mystop and Myprofit < Mystop*3 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*3 AND xProfit<Mystop*4 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R4
ENDIF
IF MyProfit => Mystop*2 and Myprofit < Mystop*4 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*4 AND xProfit<Mystop*5 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R5
ENDIF
IF MyProfit => Mystop*3 and Myprofit < Mystop*5 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*5 AND xProfit<Mystop*6 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R6
ENDIF
IF MyProfit => Mystop*4 and Myprofit < Mystop*6 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*6 AND xProfit<Mystop*7 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R7
ENDIF
IF MyProfit => Mystop*5 and Myprofit < Mystop*7 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*7 AND xProfit<Mystop*8 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R8
ENDIF
IF MyProfit => Mystop*6 and Myprofit < Mystop*8 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*8 AND xProfit<Mystop*9 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R9
ENDIF
IF MyProfit => Mystop*7 and Myprofit < Mystop*9 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*9 AND xProfit<Mystop*10 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R10
ENDIF
IF MyProfit => Mystop*8 and Myprofit < Mystop*10 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*10 AND xProfit<Mystop*11 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R11
ENDIF
IF MyProfit => Mystop*9 and Myprofit < Mystop*11 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*11 AND xProfit<Mystop*12 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R12
ENDIF
IF MyProfit => Mystop*10 and Myprofit < Mystop*12 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*12 AND xProfit<Mystop*13 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R13
ENDIF
IF MyProfit => Mystop*11 and Myprofit < Mystop*13 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*13 AND xProfit<Mystop*14 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R14
ENDIF
IF MyProfit => Mystop*12 and Myprofit < Mystop*14 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*14 AND xProfit<Mystop*15 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R15
ENDIF
IF MyProfit => Mystop*13 and Myprofit < Mystop*15 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*15 AND xProfit<Mystop*16 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R16
ENDIF
IF MyProfit => Mystop*14 and Myprofit < Mystop*16 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*16 AND xProfit<Mystop*17 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R17
ENDIF
IF MyProfit => Mystop*15 and Myprofit < Mystop*17 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*17 AND xProfit<Mystop*18 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R18
ENDIF
IF MyProfit => Mystop*16 and Myprofit < Mystop*18 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*18 AND xProfit<Mystop*19 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R19
ENDIF
IF MyProfit => Mystop*17 and Myprofit < Mystop*19 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*19 AND xProfit<Mystop*20 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R20
ENDIF
IF MyProfit => Mystop*18 and Myprofit < Mystop*20 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*20 AND xProfit<Mystop*21 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R21
ENDIF
IF MyProfit => Mystop*19 and Myprofit < Mystop*21 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*21 AND xProfit<Mystop*22 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R22
ENDIF
IF MyProfit => Mystop*20 and Myprofit < Mystop*22 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
IF xProfit >= Mystop*22 THEN
PrevProfit = MyProfit
MyProfit = xProfit*R22
ENDIF
IF MyProfit => Mystop*21 THEN
SELL AT Close0 + PrevProfit STOP
ENDIF
Endif
And this one:
Defparam cumulateorders = false
Timeframe (1 week)
c1 = close[1]
c2 = close[2]
c3 = close[3]
a1= open[1]
a2= open[2]
a3= open[3]
MyADX18 = ADX[18]
ADXperiods = 2
MySMA24=average[24](c1)
MySMA200= average[200](c1)
Efficiency = call "Efficiency"
Condition1 = c2>c3 and c1>c2
Condition2= a2>a3 and a1>a2
Condition3 = LOWEST[ADXperiods + 1](MyADX18) > 20
Condition4 = c1 > MySMA24
Condition5 = c1 > MySMA200
Condition6 = Efficiency>0.7
Timeframe (default)
IF Not OnMarket THEN
MyProfit = 0
PrevProfit = 0
ENDIF
MyLongConditions = Condition1 and Condition2 and Condition3 and Condition4 and Condition5 and Condition6
IF MyLongConditions and not longonmarket THEN
BUY 1 CONTRACTS AT MARKET
Mystop = (averagetruerange[10](close[0]))*3
SET STOP LOSS Mystop
Endif
IF LONGONMARKET AND (Not Condition4 and not Condition5) or (Not Condition3 and Not Condition4) or (Not Condition3 and Not Condition5) THEN
SELL 1 CONTRACTS AT MARKET
ENDIF
//Stops
R3=0.8
R4=0.75
R5=0.45
R6=0.45
R7=0.4
R8=0.3
R9=0.25
R10=0.25
R11=0.25
R12=0.12
R13=0.10
R14=0.10
R15=0.09
R16=0.09
R17=0.09
R18=0.08
R19=0.08
R20=0.08
R21=0.08
R22 = 0.05
IF LongOnMarket THEN
xProfit = close - TradePrice
IF LongOnMarket THEN
xProfit = close - TradePrice
IF xProfit >= (MyProfit + Mystop) THEN
PrevProfit = MyProfit
MyProfit = MyProfit + Mystop
ENDIF
IF MyProfit > 0 AND MyProfit<Mystop*2 THEN
SELL AT TradePrice + PrevProfit STOP
ELSIF MyProfit >= Mystop*2 AND MyProfit<Mystop*3 THEN
SELL AT TradePrice + PrevProfit*R3 STOP
ELSIF MyProfit >= Mystop*3 AND MyProfit<Mystop*4 THEN
SELL AT TradePrice + PrevProfit*R4 STOP
ELSIF MyProfit >= Mystop*4 AND MyProfit<Mystop*5 THEN
SELL AT TradePrice + PrevProfit*R5 STOP
ELSIF MyProfit >= Mystop*5 AND MyProfit<Mystop*6 THEN
SELL AT TradePrice + PrevProfit*R6 STOP
ELSIF MyProfit >= Mystop*6 AND MyProfit<Mystop*7 THEN
SELL AT TradePrice + PrevProfit*R7 STOP
ELSIF MyProfit >= Mystop*7 AND MyProfit<Mystop*8 THEN
SELL AT TradePrice + PrevProfit*R8 STOP
ELSIF MyProfit >= Mystop*8 AND MyProfit<Mystop*9 THEN
SELL AT TradePrice + PrevProfit*R9 STOP
ELSIF MyProfit >= Mystop*9 AND MyProfit<Mystop*10 THEN
SELL AT TradePrice + PrevProfit*R10 STOP
ELSIF MyProfit >= Mystop*10 AND MyProfit<Mystop*11 THEN
SELL AT TradePrice + PrevProfit*R11 STOP
ELSIF MyProfit >= Mystop*11 AND MyProfit<Mystop*12 THEN
SELL AT TradePrice + PrevProfit*R12 STOP
ELSIF MyProfit >= Mystop*12 AND MyProfit<Mystop*13 THEN
SELL AT TradePrice + PrevProfit*R13 STOP
ELSIF MyProfit >= Mystop*13 AND MyProfit<Mystop*14 THEN
SELL AT TradePrice + PrevProfit*R14 STOP
ELSIF MyProfit >= Mystop*14 AND MyProfit<Mystop*15 THEN
SELL AT TradePrice + PrevProfit*R15 STOP
ELSIF MyProfit >= Mystop*15 AND MyProfit<Mystop*16 THEN
SELL AT TradePrice + PrevProfit*R16 STOP
ELSIF MyProfit >= Mystop*16 AND MyProfit<Mystop*17 THEN
SELL AT TradePrice + PrevProfit*R17 STOP
ELSIF MyProfit >= Mystop*17 AND MyProfit<Mystop*18 THEN
SELL AT TradePrice + PrevProfit*R18 STOP
ELSIF MyProfit >= Mystop*18 AND MyProfit<Mystop*19 THEN
SELL AT TradePrice + PrevProfit*R19 STOP
ELSIF MyProfit >= Mystop*19 AND MyProfit<Mystop*20 THEN
SELL AT TradePrice + PrevProfit*R20 STOP
ELSIF MyProfit >= Mystop*20 AND MyProfit<Mystop*21 THEN
SELL AT TradePrice + PrevProfit*R21 STOP
ELSIF MyProfit >= Mystop*21 THEN
SELL AT TradePrice + PrevProfit*R22 STOP
ENDIF
ENDIF
ENDIF
Do you have any inputs on how could I make the code work for what I atempt to do?
Thank you!
You don’t need all those lines!
My example after moving to breakeven trails SL so that it increases each time leaving your profit at risk equal to your initial SL.
So when your profit reaches your SL, it is set to breakeven, then when it increases of another SL (your profit is SL*2) your stop loss is set to SL*1 snd so on… so that your stop loss is always set to initial SL*(n-1) where n is the number of multiple times of SL that your profit grew.
Use GRAPH to monitor your profits and your stop loss.
Right. But the SL is not suposed to trail equally. It should vary according to the increase of profit. Is there a posibility to do that?
You can do (almost) anything, just tell us what you want to achieve.
Thank you Roberto.
I will try to explain what I am aming to achieve:
I need to trail a stop which starts (as yo know) at ATR*3. You actually posted a code that helps me trail that stop every time the price goes up the equivalent of the ATR*3. However, that is nos exactly what I need.
What I need is to trail the stop based on a pre-fixed percentage of the profits, everytime the price goes up a ATR*3 of the entry (I would call the ATR*3 of the entry “R”).
Exactly would be like this:
- Price increases 1R, then I would risk a 100% of the profits (1R). Therefore, the stop should trail to a breakeven position (“Tradeprice”).
- Price increases 2R, then I would risk an 80% of the profits, meaning that the stop should trail to a price = Tradeprice + 20% of the profits (20%*2R). Locking in 20% of the profits and letting the market take the other 80%.
- Price increases 3R, then I would risk a 75% of the profits, meaning that the stop should trail to a price = Tradeprice + 25% of the profits (25%*3R). Locking in 25% of the profits and letting the market take the other 75%.
- Price increases 4R, then I would risk a 45% of the profits, meaning that the stop should trail to a price = Tradeprice + 55% of the profits (55%*4R). Locking in 55% of the profits and letting the market take the other 45%.
- Price increases 5R, then I would risk a 45% of the profits, meaning that the stop should trail to a price = Tradeprice + 55% of the profits (55%*5R). Locking in 55% of the profits and letting the market take the other 45%.
- Price increases 6R, then I would risk a 40% of the profits, meaning that the stop should trail to a price = Tradeprice + 60% of the profits (60%*6R). Locking in 60% of the profits and letting the market take the other 40%.
- Price increases 7R, then I would risk a 30% of the profits, meaning that the stop should trail to a price = Tradeprice + 70% of the profits (70%*7R). Locking in 70% of the profits and letting the market take the other 30%.
That is namely what I need.
I have been trying to code it for several days, but I have been strugling to do it. Would be amazing if you could help me!
Thank you.
Ok, now I understand why you need many IF’s.
I won’t be able to take a look at it until Monday.
Got it. I’ll be attentive to your thoughts.
Hi Roberto! Were you able to have a look at it? I am still trying to figure out how… I have been working in the code all weekend and today and still nothing 🙁
Well. Think I did it!
Just for anyone that may be looking for something like it:
// Condiciones para entrada de posiciones largas
Defparam cumulateorders = false
Timeframe (1 week)
c1 = close[1]
c2 = close[2]
c3 = close[3]
a1= open[1]
a2= open[2]
a3= open[3]
MyADX18 = ADX[18]
ADXperiods = 2
MySMA24=average[24](c1)
MySMA200= average[200](c1)
Efficiency = call "Efficiency"
Condition1 = c2>c3 and c1>c2
Condition2= a2>a3 and a1>a2
Condition3 = LOWEST[ADXperiods + 1](MyADX18) > 20
Condition4 = c1 > MySMA24
Condition5 = c1 > MySMA200
Condition6 = Efficiency>0.7
Timeframe (default)
MyLongConditions = Condition1 and Condition2 and Condition3 and Condition4 and Condition5 and Condition6
IF MyLongConditions and not longonmarket THEN
BUY 1 CONTRACTS AT MARKET
Mystop = averagetruerange[10](Close)*3
SET STOP LOSS Mystop
Endif
IF LONGONMARKET AND (Not Condition4 and not Condition5) or (Not Condition3 and Not Condition4) or (Not Condition3 and Not Condition5) THEN
SELL 1 CONTRACTS AT MARKET
ENDIF
//Stops
Close0 = Tradeprice
R3=0.2
R4=0.25
R5=0.55
R6=0.55
R7=0.6
R8=0.7
R9=0.75
R10=0.75
R11=0.75
R12=0.88
R13=0.9
R14=0.9
R15=0.91
R16=0.91
R17=0.91
R18=0.92
R19=0.92
R20=0.92
R21=0.92
R22=0.95
IF LongOnMarket THEN
Xprofit = HIGHEST[barindex-tradeindex](Close) - close0
If xProfit >= Mystop AND xProfit < Mystop*2 then
Sell at Close0 Stop
ELSIf xProfit >= Mystop*2 AND xProfit < Mystop*3 then
Sell at Close0+(xProfit*R3) Stop
ELSIf xProfit >= Mystop*3 AND xProfit < Mystop*4 then
Sell at Close0+(xProfit*R4) Stop
ELSIf xProfit >= Mystop*4 AND xProfit < Mystop*5 then
Sell at Close0+(xProfit*R5) Stop
ELSIf xProfit >= Mystop*5 AND xProfit < Mystop*6 then
Sell at Close0+(xProfit*R6) Stop
ELSIf xProfit >= Mystop*6 AND xProfit < Mystop*7 then
Sell at Close0+(xProfit*R7) Stop
ELSIf xProfit >= Mystop*7 AND xProfit < Mystop*8 then
Sell at Close0+(xProfit*R8) Stop
ELSIf xProfit >= Mystop*8 AND xProfit < Mystop*9 then
Sell at Close0+(xProfit*R9) Stop
ELSIf xProfit >= Mystop*9 AND xProfit < Mystop*10 then
Sell at Close0+(xProfit*R10) Stop
ELSIf xProfit >= Mystop*10 AND xProfit < Mystop*11 then
Sell at Close0+(xProfit*R11) Stop
ELSIf xProfit >= Mystop*11 AND xProfit < Mystop*12 then
Sell at Close0+(xProfit*R12) Stop
ELSIf xProfit >= Mystop*12 AND xProfit < Mystop*13 then
Sell at Close0+(xProfit*R13) Stop
ELSIf xProfit >= Mystop*13 AND xProfit < Mystop*14 then
Sell at Close0+(xProfit*R14) Stop
ELSIf xProfit >= Mystop*14 AND xProfit < Mystop*15 then
Sell at Close0+(xProfit*R15) Stop
ELSIf xProfit >= Mystop*15 AND xProfit < Mystop*16 then
Sell at Close0+(xProfit*R16) Stop
ELSIf xProfit >= Mystop*16 AND xProfit < Mystop*17 then
Sell at Close0+(xProfit*R17) Stop
ELSIf xProfit >= Mystop*17 AND xProfit < Mystop*18 then
Sell at Close0+(xProfit*R18) Stop
ELSIf xProfit >= Mystop*18 AND xProfit < Mystop*19 then
Sell at Close0+(xProfit*R19) Stop
ELSIf xProfit >= Mystop*19 AND xProfit < Mystop*20 then
Sell at Close0+(xProfit*R20) Stop
ELSIf xProfit >= Mystop*20 AND xProfit < Mystop*21 then
Sell at Close0+(xProfit*R21) Stop
ELSIf xProfit >= Mystop*21 then
Sell at Close0+(xProfit*R22) Stop
ENDIF
Endif
Great achievement!
I had no time today to take a look at it.
