STOP LOSS / TRAILING STOP PROBLEM – GUARANTEED STOPLOSS

• 07/04/2018 at 10:09 PM #75236
  Tanou

  Hello everyone!

  I hope you are well!

  I have a problem that I am not able to solve and I don’t see where it is…

  Here is my code (I combine some seen on this site and some of mine 🙂 )

  I’ve set up a trailing stop for the long positions and another for the shorts but I’d like to get a classic SL (implemented in the code in order not to touch the guaranty SL and pay an extra 1 point 😉 )

  But it did not recognize my SL with the capital…

  Can you help me? 😀

   

  //------------------------------------------------------------------------- // Code principal : DAX 5 Min //------------------------------------------------------------------------- // Trend Surfer DAX // code-Parameter DEFPARAM FlatAfter = 170000 // DAX trading window ONCE BuyTimeMorning = 90000 //90000 DAX 15 min / 90000 5 min ONCE SellTimeMorning = 121000 // 124000 DAX 15 min / 121000 5 min ONCE BuyTimeAfternoon = 133000 //133000 DAX 15 min / 133000 5 min ONCE SellTimeAfternoon = 160000 // 160000 DAX 15 min / 160000 5 min // traders dynamic indicator ONCE q = 14 ONCE r = 4 ONCE t = 29 // tdi filter parameter ONCE longPriceLevel = 35 ONCE shortPriceLevel = 40 ONCE middleBandLevel = 40 // trading parameter ONCE PositionSize = 1 // position management during trading window IF (Time >= BuyTimeMorning AND Time <= SellTimeMorning) OR (Time >= BuyTimeAfternoon AND Time <= SellTimeAfternoon) THEN // calculate TDI indicator RSIasPrice = RSI[q](customclose) Priceline = Average[r](RSIasPrice) MiddleBand = Average[t]((RSIasPrice)) // open position // long IF Not LONGONMARKET AND Priceline > MiddleBand AND Priceline > longPriceLevel AND MiddleBand > middleBandLevel THEN BUY PositionSize CONTRACT AT MARKET ENDIF // short IF Not SHORTONMARKET AND Priceline CROSSES UNDER MiddleBand AND Priceline > shortPriceLevel THEN SELLSHORT PositionSize CONTRACT AT MARKET ENDIF // close position IF Time = SellTimeMorning OR Time = SellTimeAfternoon THEN // long IF LONGONMARKET THEN SELL AT MARKET ENDIF IF SHORTONMARKET THEN EXITSHORT AT MARKET ENDIF ENDIF ENDIF //************************************************************************ SL = 30 // Initial SL //TP = 30 TSL = 1 // Use TSL? TrailingDistance1 = A // Distance from close to TSL TrailingStep1 = B // Pips locked at start of TSL TrailingDistance2 = C // Distance from close to TSL TrailingStep2 = D // Pips locked at start of TSL //************************************************************************ IF TSL = 1 THEN //reset the stoploss value IF NOT ONMARKET THEN newSL = 0 CAND = 0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL = 0 AND CLOSE - TRADEPRICE(1) >= TrailingDistance1*PipSize THEN newSL = TRADEPRICE(1) + TrailingStep1*PipSize ENDIF //next moves CAND = BarIndex - TradeIndex IF newSL > 0 AND CLOSE[1] >= HIGHEST[CAND](CLOSE) THEN newSL = CLOSE[1] - TrailingDistance1*PipSize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL = 0 AND TRADEPRICE(1) - CLOSE[1] >= TrailingDistance2*PipSize THEN newSL = TRADEPRICE(1) - TrailingStep2*PipSize ENDIF //next moves CAND = BarIndex - TradeIndex IF newSL > 0 AND CLOSE[1] <= LOWEST[CAND](CLOSE) THEN newSL = CLOSE[1] + TrailingDistance2*PipSize ENDIF ENDIF //stop order to exit the positions IF newSL > 0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF SET STOP pLOSS SL ENDIF //************************************************************************ CAPITAL = 10000 //Your initial capital IF POSITIONPERF < -0.002*(CAPITAL+STRATEGYPROFIT) THEN EXITSHORT AT MARKET ENDIF

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  //------------------------------------------------------------------------- // Code principal : DAX 5 Min //------------------------------------------------------------------------- // Trend Surfer DAX   // code-Parameter DEFPARAM FlatAfter = 170000   // DAX trading window ONCE BuyTimeMorning = 90000 //90000 DAX 15 min / 90000 5 min ONCE SellTimeMorning = 121000 // 124000 DAX 15 min / 121000 5 min ONCE BuyTimeAfternoon = 133000 //133000 DAX 15 min / 133000 5 min ONCE SellTimeAfternoon = 160000 // 160000 DAX 15 min / 160000 5 min   // traders dynamic indicator ONCE q = 14 ONCE r = 4 ONCE t = 29   // tdi filter parameter ONCE longPriceLevel = 35 ONCE shortPriceLevel = 40 ONCE middleBandLevel = 40   // trading parameter ONCE PositionSize = 1     // position management during trading window IF (Time >= BuyTimeMorning AND Time <= SellTimeMorning) OR (Time >= BuyTimeAfternoon AND Time <= SellTimeAfternoon) THEN   // calculate TDI indicator RSIasPrice = RSI[q](customclose) Priceline = Average[r](RSIasPrice) MiddleBand = Average[t]((RSIasPrice))   // open position // long IF Not LONGONMARKET AND Priceline > MiddleBand AND Priceline > longPriceLevel AND MiddleBand > middleBandLevel THEN BUY PositionSize CONTRACT AT MARKET ENDIF   // short IF Not SHORTONMARKET AND Priceline CROSSES UNDER MiddleBand AND Priceline > shortPriceLevel THEN SELLSHORT PositionSize CONTRACT AT MARKET ENDIF   // close position IF Time = SellTimeMorning OR Time = SellTimeAfternoon THEN // long IF LONGONMARKET THEN SELL AT MARKET ENDIF IF SHORTONMARKET THEN EXITSHORT AT MARKET ENDIF ENDIF ENDIF //************************************************************************ SL = 30 // Initial SL //TP = 30 TSL = 1 // Use TSL? TrailingDistance1 = A // Distance from close to TSL TrailingStep1 = B // Pips locked at start of TSL TrailingDistance2 = C // Distance from close to TSL TrailingStep2 = D // Pips locked at start of TSL //************************************************************************ IF TSL = 1 THEN //reset the stoploss value IF NOT ONMARKET THEN newSL = 0 CAND = 0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL = 0 AND CLOSE - TRADEPRICE(1) >= TrailingDistance1*PipSize THEN newSL = TRADEPRICE(1) + TrailingStep1*PipSize ENDIF //next moves CAND = BarIndex - TradeIndex IF newSL > 0 AND CLOSE[1] >= HIGHEST[CAND](CLOSE) THEN newSL = CLOSE[1] - TrailingDistance1*PipSize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL = 0 AND TRADEPRICE(1) - CLOSE[1] >= TrailingDistance2*PipSize THEN newSL = TRADEPRICE(1) - TrailingStep2*PipSize ENDIF //next moves CAND = BarIndex - TradeIndex IF newSL > 0 AND CLOSE[1] <= LOWEST[CAND](CLOSE) THEN newSL = CLOSE[1] + TrailingDistance2*PipSize ENDIF ENDIF //stop order to exit the positions IF newSL > 0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF   SET STOP pLOSS SL ENDIF //************************************************************************   CAPITAL = 10000 //Your initial capital IF POSITIONPERF < -0.002*(CAPITAL+STRATEGYPROFIT) THEN EXITSHORT AT MARKET ENDIF

  THANKS!

  

  Tanou

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  07/05/2018 at 10:25 AM #75278
  Nicolas

  You could try to remove the SET STOP pLOSS instruction and add this code before line 76:

  if newSL=0 then if longonmarket then sell at tradeprice-SL*pointsize endif if shortonmarket then exitshort at tradeprice+SL*pointsize endif endif

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  if newSL=0 then if longonmarket then   sell at tradeprice-SL*pointsize endif if shortonmarket then   exitshort at tradeprice+SL*pointsize endif endif

   

  

  Nicolas

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  07/05/2018 at 1:45 PM #75325
  Tanou

  Thanks for this answer! I slightly change my code and makes it clearer. Here it is:

   

  Do you think I can have a trailing stop, the stop loss you wrote me AND another stop that would the garanty one which is compulsory by PRT in cfd limited accounts?

   

  For now, if you have a look, I have 3 different stops: the trailing, the one you gave me and the the last lines whith the profit of the strategy. In fact I need one trailing stop (already in the code), a stop loss (wich would be above the “garanty” one to avoid 1 point extra spread) and the garanty one (so under my SL)

   

  Do you know what do I have to change?

   

  //************************************************************************ // Horaire de trading ONCE BuyTimeMorning = 90000 //90000 DAX 15 min / 90000 5 min ONCE SellTimeMorning = 121000 // 124000 DAX 15 min / 121000 5 min ONCE BuyTimeAfternoon = 133000 //133000 DAX 15 min / 133000 5 min ONCE SellTimeAfternoon = 160000 // 160000 DAX 15 min / 160000 5 min // Position management during trading window IF (Time >= BuyTimeMorning AND Time <= SellTimeMorning) OR (Time >= BuyTimeAfternoon AND Time <= SellTimeAfternoon) THEN //************************************************************************ //Début Strategy // DAX 5 Min //************************************************************************ // Traders dynamic indicator ONCE q = 14 // Interval RSI ONCE r = 4 //Average du RSI ONCE t = 29 //2nd Average RSI // TDI filter parameter ONCE longPriceLevel = 35 ONCE shortPriceLevel = 40 ONCE middleBandLevel = 40 // Trading parameter ONCE PositionSize = 1 // Calculate TDI indicator RSIasPrice = RSI[q](customclose) Priceline = Average[r](RSIasPrice) MiddleBand = Average[t]((RSIasPrice)) //************************************************************************ // Open position // Long IF Not LONGONMARKET AND Priceline > MiddleBand AND Priceline > longPriceLevel AND MiddleBand > middleBandLevel THEN BUY PositionSize CONTRACT AT MARKET ENDIF // short IF Not SHORTONMARKET AND Priceline CROSSES UNDER MiddleBand AND Priceline > shortPriceLevel THEN SELLSHORT PositionSize CONTRACT AT MARKET ENDIF // Close position if time is up IF Time = SellTimeMorning OR Time = SellTimeAfternoon THEN // long IF LONGONMARKET THEN SELL AT MARKET ENDIF IF SHORTONMARKET THEN EXITSHORT AT MARKET ENDIF ENDIF ENDIF //************************************************************************ //End Strategy //************************************************************************ SL = 30 // Initial SL //TP = 30 //TP (non utilisé pour le moment) TSL = 1 // Use TSL? TrailingDistance1 = A // Distance from close to unlock TSL1 TrailingStep1 = B // Pips locked at start of TSL1 TrailingDistance2 = C // Distance from close to unlock TSL2 TrailingStep2 = D // Pips locked at start of TSL2 //************************************************************************ IF TSL = 1 THEN //reset the stoploss value IF NOT ONMARKET THEN newSL = 0 CAND = 0 ENDIF //************************************************************************ //Set up le Stop Loss //Long Positions if newSL=0 then if longonmarket then sell at tradeprice-(SL*pointsize) endif //Short Positions if shortonmarket then exitshort at tradeprice+(SL*pointsize) endif endif //************************************************************************ //Manage Trailing Stops long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL = 0 AND CLOSE - TRADEPRICE(1) >= TrailingDistance1*PipSize THEN newSL = TRADEPRICE(1) + TrailingStep1*PipSize ENDIF //next moves CAND = BarIndex - TradeIndex IF newSL > 0 AND CLOSE[1] >= HIGHEST[CAND](CLOSE) THEN newSL = CLOSE[1] - TrailingDistance1*PipSize ENDIF ENDIF //Manage Trailing Stops short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL = 0 AND TRADEPRICE(1) - CLOSE[1] >= TrailingDistance2*PipSize THEN newSL = TRADEPRICE(1) - TrailingStep2*PipSize ENDIF //next moves CAND = BarIndex - TradeIndex IF newSL > 0 AND CLOSE[1] <= LOWEST[CAND](CLOSE) THEN newSL = CLOSE[1] + TrailingDistance2*PipSize ENDIF ENDIF //stop order to exit the positions IF newSL <> 0 THEN //I put difference, maybe keep “>”? SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF ENDIF //************************************************************************ CAPITAL = 10000 //Your initial capital IF POSITIONPERF < -0.002*(CAPITAL+STRATEGYPROFIT) THEN EXITSHORT AT MARKET //Nécessaire ? ENDIF

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  //************************************************************************   // Horaire de trading ONCE BuyTimeMorning = 90000 //90000 DAX 15 min / 90000 5 min ONCE SellTimeMorning = 121000 // 124000 DAX 15 min / 121000 5 min ONCE BuyTimeAfternoon = 133000 //133000 DAX 15 min / 133000 5 min ONCE SellTimeAfternoon = 160000 // 160000 DAX 15 min / 160000 5 min   // Position management during trading window IF (Time >= BuyTimeMorning AND Time <= SellTimeMorning) OR (Time >= BuyTimeAfternoon AND Time <= SellTimeAfternoon) THEN   //************************************************************************ //Début Strategy // DAX 5 Min //************************************************************************   // Traders dynamic indicator ONCE q = 14   // Interval RSI ONCE r = 4 //Average du RSI ONCE t = 29 //2nd Average RSI   // TDI filter parameter ONCE longPriceLevel = 35 ONCE shortPriceLevel = 40 ONCE middleBandLevel = 40   // Trading parameter ONCE PositionSize = 1   // Calculate TDI indicator RSIasPrice = RSI[q](customclose) Priceline = Average[r](RSIasPrice) MiddleBand = Average[t]((RSIasPrice))   //************************************************************************   // Open position // Long IF Not LONGONMARKET AND Priceline > MiddleBand AND Priceline > longPriceLevel AND MiddleBand > middleBandLevel THEN BUY PositionSize CONTRACT AT MARKET ENDIF   // short IF Not SHORTONMARKET AND Priceline CROSSES UNDER MiddleBand AND Priceline > shortPriceLevel THEN SELLSHORT PositionSize CONTRACT AT MARKET ENDIF   // Close position if time is up IF Time = SellTimeMorning OR Time = SellTimeAfternoon THEN // long IF LONGONMARKET THEN SELL AT MARKET ENDIF IF SHORTONMARKET THEN EXITSHORT AT MARKET ENDIF ENDIF ENDIF   //************************************************************************ //End Strategy //************************************************************************     SL = 30 // Initial SL //TP = 30 //TP (non utilisé pour le moment) TSL = 1 // Use TSL? TrailingDistance1 = A // Distance from close to unlock TSL1 TrailingStep1 = B // Pips locked at start of TSL1 TrailingDistance2 = C // Distance from close to unlock TSL2 TrailingStep2 = D // Pips locked at start of TSL2   //************************************************************************   IF TSL = 1 THEN //reset the stoploss value IF NOT ONMARKET THEN newSL = 0 CAND = 0 ENDIF   //************************************************************************   //Set up le Stop Loss   //Long Positions if newSL=0 then if longonmarket then sell at tradeprice-(SL*pointsize) endif   //Short Positions if shortonmarket then exitshort at tradeprice+(SL*pointsize) endif endif   //************************************************************************   //Manage Trailing Stops long positions   IF LONGONMARKET THEN //first move (breakeven) IF newSL = 0 AND CLOSE - TRADEPRICE(1) >= TrailingDistance1*PipSize THEN newSL = TRADEPRICE(1) + TrailingStep1*PipSize ENDIF //next moves CAND = BarIndex - TradeIndex IF newSL > 0 AND CLOSE[1] >= HIGHEST[CAND](CLOSE) THEN newSL = CLOSE[1] - TrailingDistance1*PipSize ENDIF ENDIF //Manage Trailing Stops short positions   IF SHORTONMARKET THEN //first move (breakeven) IF newSL = 0 AND TRADEPRICE(1) - CLOSE[1] >= TrailingDistance2*PipSize THEN newSL = TRADEPRICE(1) - TrailingStep2*PipSize ENDIF //next moves CAND = BarIndex - TradeIndex IF newSL > 0 AND CLOSE[1] <= LOWEST[CAND](CLOSE) THEN newSL = CLOSE[1] + TrailingDistance2*PipSize ENDIF ENDIF //stop order to exit the positions IF newSL <> 0 THEN //I put difference, maybe keep “>”? SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF ENDIF //************************************************************************   CAPITAL = 10000 //Your initial capital IF POSITIONPERF < -0.002*(CAPITAL+STRATEGYPROFIT) THEN EXITSHORT AT MARKET //Nécessaire ? ENDIF

  THANKS!!!

  

  Tanou

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  07/05/2018 at 2:39 PM #75343
  Nicolas

  Add a line with the SET STOP PLOSS instruction again, but with a price spread (3 points here) between the previous code I gave you and this new one:

  set stop ploss sl+3

  1	set stop ploss sl+3

  I moved the topic in the English section! wrong place here…

   

  

  Nicolas

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  07/05/2018 at 2:44 PM #75346
  Tanou

  Ok, thanks! You’re right, it should be in this section 🙂

   

  Is it like this (the insertion of your code)?

  And so, are the last lines taked into account as well?

   

  In this code I now have, A trailing Stop, A stop that I define myself, A stop loss for the guaranty one and one with my losse right?

  //************************************************************************ // Horaire de trading ONCE BuyTimeMorning = 90000 //90000 DAX 15 min / 90000 5 min ONCE SellTimeMorning = 121000 // 124000 DAX 15 min / 121000 5 min ONCE BuyTimeAfternoon = 133000 //133000 DAX 15 min / 133000 5 min ONCE SellTimeAfternoon = 160000 // 160000 DAX 15 min / 160000 5 min // Position management during trading window IF (Time >= BuyTimeMorning AND Time <= SellTimeMorning) OR (Time >= BuyTimeAfternoon AND Time <= SellTimeAfternoon) THEN //************************************************************************ //Début Strategy // DAX 5 Min //************************************************************************ // Traders dynamic indicator ONCE q = 14 // Interval RSI ONCE r = 4 //Average du RSI ONCE t = 29 //2nd Average RSI // TDI filter parameter ONCE longPriceLevel = 35 ONCE shortPriceLevel = 40 ONCE middleBandLevel = 40 // Trading parameter ONCE PositionSize = 1 // Calculate TDI indicator RSIasPrice = RSI[q](customclose) Priceline = Average[r](RSIasPrice) MiddleBand = Average[t]((RSIasPrice)) //************************************************************************ // Open position // Long IF Not LONGONMARKET AND Priceline > MiddleBand AND Priceline > longPriceLevel AND MiddleBand > middleBandLevel THEN BUY PositionSize CONTRACT AT MARKET ENDIF // short IF Not SHORTONMARKET AND Priceline CROSSES UNDER MiddleBand AND Priceline > shortPriceLevel THEN SELLSHORT PositionSize CONTRACT AT MARKET ENDIF // Close position if time is up IF Time = SellTimeMorning OR Time = SellTimeAfternoon THEN // long IF LONGONMARKET THEN SELL AT MARKET ENDIF IF SHORTONMARKET THEN EXITSHORT AT MARKET ENDIF ENDIF ENDIF //************************************************************************ //End Strategy //************************************************************************ SL = 30 // Initial SL //TP = 30 //TP (non utilisé pour le moment) TSL = 1 // Use TSL? TrailingDistance1 = A // Distance from close to unlock TSL1 TrailingStep1 = B // Pips locked at start of TSL1 TrailingDistance2 = C // Distance from close to unlock TSL2 TrailingStep2 = D // Pips locked at start of TSL2 //************************************************************************ IF TSL = 1 THEN //reset the stoploss value IF NOT ONMARKET THEN newSL = 0 CAND = 0 ENDIF //************************************************************************ set stop ploss sl+3 //Set up le Stop Loss //Long Positions if newSL=0 then if longonmarket then sell at tradeprice-(SL*pointsize) endif //Short Positions if shortonmarket then exitshort at tradeprice+(SL*pointsize) endif endif //************************************************************************ //Manage Trailing Stops long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL = 0 AND CLOSE - TRADEPRICE(1) >= TrailingDistance1*PipSize THEN newSL = TRADEPRICE(1) + TrailingStep1*PipSize ENDIF //next moves CAND = BarIndex - TradeIndex IF newSL > 0 AND CLOSE[1] >= HIGHEST[CAND](CLOSE) THEN newSL = CLOSE[1] - TrailingDistance1*PipSize ENDIF ENDIF //Manage Trailing Stops short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL = 0 AND TRADEPRICE(1) - CLOSE[1] >= TrailingDistance2*PipSize THEN newSL = TRADEPRICE(1) - TrailingStep2*PipSize ENDIF //next moves CAND = BarIndex - TradeIndex IF newSL > 0 AND CLOSE[1] <= LOWEST[CAND](CLOSE) THEN newSL = CLOSE[1] + TrailingDistance2*PipSize ENDIF ENDIF //stop order to exit the positions IF newSL <> 0 THEN //I put difference, maybe keep “>”? SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF ENDIF //************************************************************************ CAPITAL = 10000 //Your initial capital IF POSITIONPERF < -0.002*(CAPITAL+STRATEGYPROFIT) THEN EXITSHORT AT MARKET //Nécessaire ? ENDIF

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  //************************************************************************   // Horaire de trading ONCE BuyTimeMorning = 90000 //90000 DAX 15 min / 90000 5 min ONCE SellTimeMorning = 121000 // 124000 DAX 15 min / 121000 5 min ONCE BuyTimeAfternoon = 133000 //133000 DAX 15 min / 133000 5 min ONCE SellTimeAfternoon = 160000 // 160000 DAX 15 min / 160000 5 min   // Position management during trading window IF (Time >= BuyTimeMorning AND Time <= SellTimeMorning) OR (Time >= BuyTimeAfternoon AND Time <= SellTimeAfternoon) THEN   //************************************************************************ //Début Strategy // DAX 5 Min //************************************************************************   // Traders dynamic indicator ONCE q = 14   // Interval RSI ONCE r = 4 //Average du RSI ONCE t = 29 //2nd Average RSI   // TDI filter parameter ONCE longPriceLevel = 35 ONCE shortPriceLevel = 40 ONCE middleBandLevel = 40   // Trading parameter ONCE PositionSize = 1   // Calculate TDI indicator RSIasPrice = RSI[q](customclose) Priceline = Average[r](RSIasPrice) MiddleBand = Average[t]((RSIasPrice))   //************************************************************************   // Open position // Long IF Not LONGONMARKET AND Priceline > MiddleBand AND Priceline > longPriceLevel AND MiddleBand > middleBandLevel THEN BUY PositionSize CONTRACT AT MARKET ENDIF   // short IF Not SHORTONMARKET AND Priceline CROSSES UNDER MiddleBand AND Priceline > shortPriceLevel THEN SELLSHORT PositionSize CONTRACT AT MARKET ENDIF   // Close position if time is up IF Time = SellTimeMorning OR Time = SellTimeAfternoon THEN // long IF LONGONMARKET THEN SELL AT MARKET ENDIF IF SHORTONMARKET THEN EXITSHORT AT MARKET ENDIF ENDIF ENDIF   //************************************************************************ //End Strategy //************************************************************************     SL = 30 // Initial SL //TP = 30 //TP (non utilisé pour le moment) TSL = 1 // Use TSL? TrailingDistance1 = A // Distance from close to unlock TSL1 TrailingStep1 = B // Pips locked at start of TSL1 TrailingDistance2 = C // Distance from close to unlock TSL2 TrailingStep2 = D // Pips locked at start of TSL2   //************************************************************************   IF TSL = 1 THEN   //reset the stoploss value IF NOT ONMARKET THEN newSL = 0 CAND = 0 ENDIF   //************************************************************************   set stop ploss sl+3   //Set up le Stop Loss   //Long Positions if newSL=0 then if longonmarket then sell at tradeprice-(SL*pointsize) endif   //Short Positions if shortonmarket then exitshort at tradeprice+(SL*pointsize) endif endif   //************************************************************************   //Manage Trailing Stops long positions   IF LONGONMARKET THEN //first move (breakeven) IF newSL = 0 AND CLOSE - TRADEPRICE(1) >= TrailingDistance1*PipSize THEN newSL = TRADEPRICE(1) + TrailingStep1*PipSize ENDIF //next moves CAND = BarIndex - TradeIndex IF newSL > 0 AND CLOSE[1] >= HIGHEST[CAND](CLOSE) THEN newSL = CLOSE[1] - TrailingDistance1*PipSize ENDIF ENDIF   //Manage Trailing Stops short positions   IF SHORTONMARKET THEN //first move (breakeven) IF newSL = 0 AND TRADEPRICE(1) - CLOSE[1] >= TrailingDistance2*PipSize THEN newSL = TRADEPRICE(1) - TrailingStep2*PipSize ENDIF //next moves CAND = BarIndex - TradeIndex IF newSL > 0 AND CLOSE[1] <= LOWEST[CAND](CLOSE) THEN newSL = CLOSE[1] + TrailingDistance2*PipSize ENDIF ENDIF   //stop order to exit the positions IF newSL <> 0 THEN //I put difference, maybe keep “>”? SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF ENDIF //************************************************************************   CAPITAL = 10000 //Your initial capital IF POSITIONPERF < -0.002*(CAPITAL+STRATEGYPROFIT) THEN EXITSHORT AT MARKET //Nécessaire ? ENDIF

  Thank you one more time for your reactivity Nicolas!

  

  Tanou

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  07/05/2018 at 2:48 PM #75347
  Nicolas

  I just recalled of a discussion we had on forum about guaranteed stop: https://www.prorealcode.com/topic/guaranteed-stops-2/

  The conclusion is that even exiting position with a pending order like the code I gave will activate the guaranteed stop fee, since it is an order made to act like a stoploss ( understand a contrarian order made to exit the order at market ). So there is no solution to avoid your broker taking fee to protect your order, and that’s fair, IMO.

   

  

  Nicolas

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  07/05/2018 at 3:08 PM #75357
  Tanou

  I agree Nicolas, I agree that we have to get a g SL. But I think that we could get our SL above of this one and get the g SL to prevent our SL in case it is defective, not all the time. For example, if you have a strategy that produce 100 orders a day on the DAX 5EUR/point  and 50% of them are profitable it means that you already have 5*(100*0.5)=250€…

   

  That’s didn’t wanted to avoid the g SL, just getting another one above

   

  Is it possible? The trailing stop does not count as a g SL isn’t it?

   

  Thanks

  

  Tanou

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  07/05/2018 at 4:29 PM #75369
  Nicolas

  Following the discussions of this thread: https://www.prorealcode.com/topic/guaranteed-stops-2/page/2/#post-65735 , you will understand that because any order at market must have first an attached stoploss and that this one is automatically been “guaranteed”, any other pending stop order set later after the order will be automatically transformed into the new “guaranteed stop”.

  

  Nicolas

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  07/05/2018 at 5:01 PM #75373
  Tanou

  Ok, now I am lost…

   

  Question very simple: The trailing stop implemented in my code would be considered as a G SL or not?

   

  Thanks

  

  Tanou

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  07/05/2018 at 5:09 PM #75379
  Nicolas

  Yes, I think so, as per the tests made. But I’d like to confirm this assumption with a phone call by tomorrow.

  

  Nicolas

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  07/05/2018 at 5:31 PM #75384
  Tanou

  Oh, great thanks! You’ll tell me tomorrow?

  

  Tanou

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  07/06/2018 at 10:36 AM #75443
  Nicolas

  I do confirm that the nearest stop order to close an opened market position WILL BE AUTOMATICALLY considered as the guaranteed stop. There is no way to avoid your order to be triggered by a guaranteed stoploss with a limited risk account.

  

  Nicolas

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  07/06/2018 at 10:37 AM #75444
  Tanou

  Ok, thank you very much Nicolas for this clear answer!

  

  Tanou

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  07/06/2018 at 11:14 AM #75447
  Tanou

  I just got one question, is it possible then, to include this G SL in the backtest?

  

  Tanou

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  07/06/2018 at 12:29 PM #75467
  Nicolas

  If you are meaning include the fee into backtests, just expand the spread with the markup your broker ask you to pay the guaranteed stop.

  

  Nicolas

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