Stop Loss as % of trade after 30 periods

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09/28/2022 at 12:20 PM #201557 quote

downunderneath
Participant

New

Hello. I have been running my own basic trading systems on UK and USA markets, 4 hours, 1 trade open at a time, for a while now but have recognised that I need to add in a stop loss after a certain period of time. I have been researching all the stop loss coding but I am struggling to make a start.

I want to include additional code that does the following:

Open 1 trade and ONLY after 30 periods, close it at a loss of 0.5%

Could someone please assist me – either direct me to a reference or provide some simple code to adapt.

Thankyou

Sean

09/28/2022 at 3:29 PM #201577 quote
robertogozzi
Moderator

Legend
There you go:
```
ONCE WaitingPeriods = 30
ONCE Tally          = WaitingPeriods 
IF StrategyProfit <> StrategyProfit[1]
   Tally = 0
ENDIF
IF Not OnMarket THEN
   Tally = Tally + 1
ELSE
   Tally = 0
ENDIF
IF MyLongConditions AND Not OnMarket AND (Tally > WaitingPeriods) THEN
   BUY....
   StopLoss = close * 0.005     //0.5%
   SET STOP LOSS StopLoss
ENDIF
IF MyShortConditions AND Not OnMarket AND (Tally > WaitingPeriods) THEN
   SELLSHORT....
   StopLoss = close * 0.005     //0.5%
   SET STOP LOSS StopLoss
ENDIF
```
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Stop Loss as % of trade after 30 periods

ProOrder: Automated Strategies & Backtesting

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This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
3 years, 11 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	09/28/2022
Status:	Active
Attachments:	No files

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