%Stop @ -2%

• 05/13/2019 at 5:57 PM #98379
  Inertia

  Hi all !

  I’d like to create a %Stop @ -2% (like today for instance) but from the “Dopen”.

  Why? Cause most of the time, the instrument bounce back a bit from the specific % amount of distribution…

  It should be something like the following but I have trouble replacing the (0) by the correct value…

  Any help please ?

  Thank you 😉

  % Stop loss when -2% reached ...

  // Conditions pour fermer une position en vente à découvert c1 = (DOpen(0) < 0) IF c1 THEN EXITSHORT AT MARKET ENDIF

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  // Conditions pour fermer une position en vente à découvert c1 = (DOpen(0) < 0)   IF c1 THEN EXITSHORT AT MARKET ENDIF

   

  

  Inertia

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  05/13/2019 at 6:04 PM #98382
  robertogozzi

  Replace line 1 with:

  c1 = close <= (DOpen(0) * 0.98)

  1	c1 = close <= (DOpen(0) * 0.98)

   

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  Inertia

  

  robertogozzi

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  05/13/2019 at 8:18 PM #98401
  Inertia

  Thank you Robertogozzi !

  It works fine until 0.99% but then it goes blank from 1.0, 1.1 onwards…

  

  Inertia

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  05/13/2019 at 8:24 PM #98402
  robertogozzi

  From 1.0  onwards C1 will be false and there will be no exit due to stop loss.

  I think you also added some target profit.

  I am not sure I could understand what you really meant.

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  robertogozzi

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  05/13/2019 at 9:13 PM #98406
  Inertia

  Hi Robertogozzi,

  Thank you for your time !

  Your are right, it should mostly have a second “%TP” from the “Dopen” this time !

  Not a %stop cause it’s a short position :/ ! My mistake…

  So the strategy should then have “technically” two %Target Profit with and IF somewhere in the middle I suppose…like and OCO order.

  • (1) SET TARGET %PROFIT 1 like the code
  • AND
  • (2) If the TP (1) is not triggered then (2) … c1 = close <= (DOpen(0) * 2%)

  Is it clearer Roberto?

  Good night and thank you for your help.

  Description

  IF (c1) AND (c2) AND (c3) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry THEN SELLSHORT positionsize CONTRACT AT MARKET ENDIF c4 = close <= (DOpen(0) * 0.8) IF c4 THEN EXITSHORT AT MARKET ENDIF //trailing stop trailingstop = (close*0.0045)/pointsize if not onmarket then MINPRICE = close priceexit = 0 endif if shortonmarket then MINPRICE = MIN(MINPRICE,close) if tradeprice(1)-MINPRICE>=trailingstop*pointsize then priceexit = MINPRICE+trailingstop*pointsize endif endif if onmarket and priceexit>0 then EXITSHORT AT priceexit STOP SELL AT priceexit STOP endif SET STOP %LOSS 0.5 SET TARGET %PROFIT 1

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  IF (c1) AND (c2) AND (c3) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry THEN SELLSHORT positionsize CONTRACT AT MARKET ENDIF   c4 = close <= (DOpen(0) * 0.8) IF c4 THEN EXITSHORT AT MARKET ENDIF   //trailing stop trailingstop = (close*0.0045)/pointsize if not onmarket then MINPRICE = close priceexit = 0 endif if shortonmarket then MINPRICE = MIN(MINPRICE,close) if tradeprice(1)-MINPRICE>=trailingstop*pointsize then priceexit = MINPRICE+trailingstop*pointsize endif endif if onmarket and priceexit>0 then EXITSHORT AT priceexit STOP SELL AT priceexit STOP endif   SET STOP %LOSS 0.5 SET TARGET %PROFIT 1

   

  

  Inertia

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  05/13/2019 at 9:19 PM #98407
  Vonasi

  In your code this is a 20% gain on a short:

  c4 = close <= (DOpen(0) * 0.8) IF c4 THEN EXITSHORT AT MARKET ENDIF

  1 2 3 4

  c4 = close <= (DOpen(0) * 0.8) IF c4 THEN EXITSHORT AT MARKET ENDIF

  2% would be 0.98 as Robertogozzi already said.

  This condition whether 2% or 20% will never be hit if you also have SET TARGET %PROFIT 1 in your code – which you do have.

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  Vonasi

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  05/13/2019 at 9:37 PM #98408
  Inertia

  Ok, now I got it !

  Big thanks Vonasi and Robertogozzi !

  FYI for you, It gives even better results…

  

  Inertia

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