Stop and reverse question

• 05/13/2025 at 9:29 PM #247086
  nordhandel

  Hi, first timer here and just learning ProRealTime with minimal prior coding experience, so apologize for naive questions. I’m building a mean reversion system, but I have certain scenarios where after some backtesting I can see that statistically at certain stop levels the odds are heavily indicating that it’s got caught in a trend. I’d like to in a sense “pause” the normal system rules and do a stop and reverse intrabar with a trailing stop when it hits the stop level. If I’m trading manually that’s easy enough, but I can’t figure out how to code that.

  I know there’s a lot of logic likely involved there so not asking anyone to code stuff for me, but any pointers on the simple commands required to do a stop and reverse order instead of just a stop that I have at the end? My code is below, any assistance appreciated. Thanks.

   

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter long positions indicator1 = Stochastic[10,3](close) c1 = (indicator1 CROSSES UNDER 20) indicator2 = CALL “#MACD_Direction”[20, 30, 7] c2 = (indicator2 > 0) IF c1 AND c2 THEN BUY 1 CONTRACT AT MARKET ENDIF // Conditions to exit long positions indicator3 = Stochastic[10,3](close) c3 = (indicator3 > 50) IF c3 THEN SELL AT MARKET ENDIF // Stops and targets SET STOP pLOSS 25

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Conditions to enter long positions indicator1 = Stochastic[10,3](close) c1 = (indicator1 CROSSES UNDER 20) indicator2 = CALL “#MACD_Direction”[20, 30, 7] c2 = (indicator2 > 0)   IF c1 AND c2 THEN BUY 1 CONTRACT AT MARKET ENDIF   // Conditions to exit long positions indicator3 = Stochastic[10,3](close) c3 = (indicator3 > 50)   IF c3 THEN SELL AT MARKET ENDIF   // Stops and targets SET STOP pLOSS 25

  

  nordhandel

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  05/14/2025 at 9:00 AM #247091
  Iván

  Hi. @Grahal has a list of interesting post where you could find exactly what you are looking for.
  Anyway here you have an example of how you could manage differents TP and SL.

  // === Input Parameters === sl1 = 40 // Stop Loss for first exit sl2 = 20 // Stop Loss for second exit tp1 = 20 // Take Profit for first exit tp2 = 40 // Take Profit for second exit n = 2 // Number of contracts per entry // === Indicators === avg1 = average[10](close) // Fast moving average avg2 = average[50](close) // Slow moving average // === Daily reset of day counter === IF intradaybarindex = 0 THEN difday = 1 ENDIF // === Entry Logic === IF NOT longonmarket AND avg1 CROSSES OVER avg2 THEN BUY n CONTRACT AT MARKET ent = 1 difday = 0 SET STOP PLOSS sl1 ELSIF longonmarket AND ent = 1 AND difday AND avg1 CROSSES OVER avg2 THEN BUY n CONTRACT AT MARKET ent = 2 ENDIF // === Exit Logic === IF longonmarket THEN // Store trade price and define TP/SL levels when entering IF NOT longonmarket[1] THEN buyprice = tradeprice stoploss1 = buyprice - sl1 * pipsize takeprofit1 = buyprice + tp1 * pipsize stoploss2 = buyprice - sl2 * pipsize takeprofit2 = buyprice + tp2 * pipsize sal = 1 stoploss = stoploss1 takeprofit = takeprofit1 ENDIF // First exit: Half position at TP1 and stop at SL1 IF sal = 1 THEN SELL AT stoploss STOP SELL COUNTOFLONGSHARES * 0.5 CONTRACT AT takeprofit LIMIT ENDIF // When partial exit is executed, set new TP2 and SL2 IF COUNTOFLONGSHARES <> 0 AND COUNTOFLONGSHARES < COUNTOFLONGSHARES[1] THEN sal = 2 stoploss = stoploss2 takeprofit = takeprofit2 ENDIF // Second exit: Remaining position at TP2 or SL2 IF sal = 2 THEN SELL AT stoploss STOP SELL AT takeprofit LIMIT ENDIF ELSE sal = 0 ENDIF // === Plotting indicators and levels on chart === GRAPHONPRICE avg1 COLOURED("green") GRAPHONPRICE avg2 COLOURED("fuchsia") GRAPHONPRICE stoploss COLOURED("red") GRAPHONPRICE takeprofit COLOURED("blue")

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  // === Input Parameters === sl1 = 40         // Stop Loss for first exit sl2 = 20         // Stop Loss for second exit tp1 = 20         // Take Profit for first exit tp2 = 40         // Take Profit for second exit n = 2            // Number of contracts per entry   // === Indicators === avg1 = average[10](close)    // Fast moving average avg2 = average[50](close)    // Slow moving average   // === Daily reset of day counter === IF intradaybarindex = 0 THEN     difday = 1 ENDIF   // === Entry Logic === IF NOT longonmarket AND avg1 CROSSES OVER avg2 THEN     BUY n CONTRACT AT MARKET     ent = 1     difday = 0     SET STOP PLOSS sl1 ELSIF longonmarket AND ent = 1 AND difday AND avg1 CROSSES OVER avg2 THEN     BUY n CONTRACT AT MARKET     ent = 2 ENDIF   // === Exit Logic === IF longonmarket THEN       // Store trade price and define TP/SL levels when entering     IF NOT longonmarket[1] THEN         buyprice = tradeprice         stoploss1 = buyprice - sl1 * pipsize         takeprofit1 = buyprice + tp1 * pipsize         stoploss2 = buyprice - sl2 * pipsize         takeprofit2 = buyprice + tp2 * pipsize         sal = 1         stoploss = stoploss1         takeprofit = takeprofit1     ENDIF       // First exit: Half position at TP1 and stop at SL1     IF sal = 1 THEN         SELL AT stoploss STOP         SELL COUNTOFLONGSHARES * 0.5 CONTRACT AT takeprofit LIMIT     ENDIF       // When partial exit is executed, set new TP2 and SL2     IF COUNTOFLONGSHARES <> 0 AND COUNTOFLONGSHARES < COUNTOFLONGSHARES[1] THEN         sal = 2         stoploss = stoploss2         takeprofit = takeprofit2     ENDIF       // Second exit: Remaining position at TP2 or SL2     IF sal = 2 THEN         SELL AT stoploss STOP         SELL AT takeprofit LIMIT     ENDIF   ELSE     sal = 0 ENDIF   // === Plotting indicators and levels on chart === GRAPHONPRICE avg1 COLOURED("green") GRAPHONPRICE avg2 COLOURED("fuchsia") GRAPHONPRICE stoploss COLOURED("red") GRAPHONPRICE takeprofit COLOURED("blue")

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  Iván

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  05/14/2025 at 9:06 AM #247092
  GraHal

  Iván wrote:

  where you could find exactly what you are looking for.

  Link below, hope you find what you need.
  Snippet Link Library

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  nordhandel

  

  GraHal

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  05/14/2025 at 10:51 AM #247093
  GraHal

  I get attached error message when I try to send above code to proorder.

  Is the fix simple Ivan please?

  

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  05/14/2025 at 12:09 PM #247096
  JS

  Pending orders cannot be used to partially close positions…

  (this can only be done with market orders within the strategy code…)

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  JS

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  05/14/2025 at 1:12 PM #247099
  GraHal

  Thanks JS, I thought as much, but figured maybe I’d missed some changes in what is allowed etc.

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  05/14/2025 at 4:20 PM #247124
  PeterSt

  GraHal wrote:

  Thanks JS, I thought as much, but figured maybe I’d missed some changes in what is allowed etc.

  Hey GraHal – not really that, but Backtest allows for it. Thus, easy to be confused a little. 🙂

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  PeterSt

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  05/14/2025 at 9:08 PM #247140
  nordhandel

  Thank you @GraHal and @Iván  Haven’t figured it out yet, but the pointers have got me sniffing it out. That google sheet with all the links is a fantastic resource, much appreciated.

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