stop loss -3 candles

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  • 11/18/2020 at 1:38 PM #150867 quote
    mr blue
    Participant
    Senior

    Hi there!

    Yes I know – the topic stop loss has been covered hundreds of times in this space, but I didn’t found a code snipped matching my needs.

    So I am looking for a simple code snipped which does the following:

    • after entering a long/short position, the stop is placed for a long position (3 candles back low -1 tick) and for short (3 candles back high + 1 tick)
    • as long as the trade is active the stop is updated accordingly (always 3 candles back +/- 1 tick)

     

    I tried to code it by myself, but I failed – shame on me – I know 🙂

     

    So is there anyone who solved this problem already or likes to write it?

     

    Many thanks in advance.

    11/18/2020 at 2:41 PM #150870 quote
    robertogozzi
    Moderator
    Master

    Not tested:

    IF MyLongConditions AND Not OnMarket THEN
   BUY 1 CONTRACT AT MARKET
   NewSL = low[3]-1*pipsize
   SELL  AT NewSL STOP
ENDIF
//
IF MyShortConditions AND Not OnMarket THEN
   SELLSHORT 1 CONTRACT AT MARKET
   NewSL = high[3]+1*pipsize
   EXITSHORT AT NewSL STOP
ENDIF
//
IF OnMarket THEN
   IF PositionPerf > 0 THEN
      IF LongOnMarket THEN
         NewSL = max(newSL,low[3]-1*pipsize)
      ELSE
         NewSL = min(newSL,high[3]+1*pipsize)
      ENDIF
   ENDIF
   IF NewSL > 0 THEN
      SELL             AT NewSL STOP
     EXITSHORT AT NewSL STOP
   ENDIF
ENDIF
    mr blue, GraHal and icharttop thanked this post
    11/18/2020 at 3:00 PM #150871 quote
    GraHal
    Participant
    Master

    Link to above added as Log 261 here …

    Snippet Link Library

    robertogozzi thanked this post
    11/18/2020 at 4:31 PM #150877 quote
    mr blue
    Participant
    Senior

    works – grazie

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stop loss -3 candles


ProOrder: Automated Strategies & Backtesting

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mr blue @marco_sala Participant
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This topic contains 3 replies,
has 3 voices, and was last updated by mr blue
5 years, 3 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 11/18/2020
Status: Active
Attachments: No files
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