stop loss and trailing confusion

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03/02/2021 at 9:28 AM #162926 quote

kevin12345
Participant

Average

hi,

can someone tell me what set stop ploss 40 trailing 1 mean because i am getting 95% win rate with crazy profit long term.

thank u

03/02/2021 at 9:29 AM #162927 quote

kevin12345
Participant

Average

ptrailing sorry

03/02/2021 at 10:28 AM #162928 quote

robertogozzi
Moderator

Master

pTrailing or Trailing are much similar, the leading letter just identifies what kind of TARGET or LOSS you want to deal with. p stands for PIPS, $ stands for currency, % stands for percentage and nothing stands for Price.

set stop ploss X trailing Y can only be used in ProBackTest, not in autotrading. It’s two different kind of stops in the same line and are not allowed.

Writing them separately on different lines doesn’t help, since the code is read sequentially, so only the last STOP is recorded as it overrides any one previously set.

You should use on SET STOP ?LOSS, then use this snippet code as Trailing Stop (lines 17-56 are ready to be appended to your exiting code, just changing the two values, start and step) https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/.

03/02/2021 at 1:31 PM #162943 quote

Nicolas
Keymaster

Master

and use tick by tick backtests, otherwise you are fooled by amazing results because orders are not checked at precise price intra bar, especially with “set stop trailing” instruction!
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stop loss and trailing confusion

ProOrder: Automated Strategies & Backtesting

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kevin12345 @kevin12345 Participant

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This topic contains 3 replies,
has 3 voices, and was last updated by Nicolas
4 years, 11 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	03/02/2021
Status:	Active
Attachments:	No files

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