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Stop Loss = MFE less Spread

deletedaccount051022 · 2021-07-13T08:37:36+00:00

Hi, Am analyzing the MGE gap for some of the strategies I run Am trying to tweak some code to set the Stop Loss to equal MFE less N points, to avoid sudden market reversals but I can’t seem to get it to trigger. Can someone please advise how this should be? if longonmarket then mfe = highest[max(1,barindex-tradeindex)](high) endif StopLossMFE = MFE - 25 Thanks very much

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Stop Loss = MFE less Spread

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07/13/2021 at 9:37 AM #173563 quote
deletedaccount051022
Participant

New
Hi,

Am analyzing the MGE gap for some of the strategies I run Am trying to tweak some code to set the Stop Loss to equal MFE less N points, to avoid sudden market reversals but I can’t seem to get it to trigger.

Can someone please advise how this should be?
```
if longonmarket then
mfe = highest[max(1,barindex-tradeindex)](high)
endif
StopLossMFE = MFE - 25
```
Thanks very much

@AlgoHunter1 thanked this post
07/13/2021 at 10:16 AM #173569 quote
robertogozzi
Moderator

Legend
First, use 25 * PipSize, instead of 25. It will affect results when price-to-pip ratio is different from 1:1.

Try using this as line 2:
```
mfe = max(mfe,highest[max(1,barindex-tradeindex)](high))
```
and make sure your Stop Loss is not negative.
07/13/2021 at 12:00 PM #173590 quote

deletedaccount051022
Participant

New

Thank you Sir, very much appreciated.
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Stop Loss = MFE less Spread

ProOrder: Automated Strategies & Backtesting

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deletedaccount051022 @deletedaccount051022 Participant

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This topic contains 2 replies,
has 2 voices, and was last updated by deletedaccount051022
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Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	07/13/2021
Status:	Active
Attachments:	No files

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Stop Loss = MFE less Spread

Stuck on this ProBuilder code?

Stop Loss = MFE less Spread ProOrder: Automated Strategies & Backtesting

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Stop Loss = MFE less Spread

ProOrder: Automated Strategies & Backtesting