STOP LOSS UNDER THE LOW

Viewing 7 posts - 1 through 7 (of 7 total)
  • Author
    Posts
  • 02/24/2018 at 5:09 PM #63819 quote
    Ivan Donatiello
    Participant
    Average

    In a system of this type:

    C1 = LOW[2] > LOW[1]

C2 = LOW[1] > LOW

IF C1 AND C2 THEN

if not longonmarket AND C1 AND C2  then
buy 5 contract at High stop
endif

SET TARGET PROFIT 10

     

    what is the code to put the stop loss below the minimum?

    02/24/2018 at 8:34 PM #63833 quote
    Leo
    Participant
    Veteran
    SET STOP pLOSS (close-lowest[2](low))/pipsize+spread

    do not forget the spread at entry the market!

    02/24/2018 at 9:11 PM #63837 quote
    robertogozzi
    Moderator
    Master

    One ENDIF is missing!

    02/26/2018 at 6:45 PM #63999 quote
    Ivan Donatiello
    Participant
    Average

    Thanks Roberto and Leo. But the stop does not work as I would like. In fact I want the stop under the minimum of the entrance candle and that it remains fixed there, but now it moves.

    I tried to use the stop of the post dochian channel but it does not work. This is my code

     

    // Parameters Definition
DEFPARAM CumulateOrders = False // Posizioni cumulate disattivate

// Long Condition
C1 = Low[2] > Low[1]
C2 = Low[1] > Low
C3 = Open[2] > Close[2]
C4 = Open[1] > Close[1]
C5 = Open > Close
C6 = Low[1] > Close

IF C1 AND C2 AND C3 AND C4 AND C5 AND C6 THEN
BUY 1 CONTRACT AT High STOP
ENDIF

//Exit Profit Condition
SET TARGET PROFIT AverageTrueRange[5](close)

//Stop Loss Condition
C7 = Low - 0.1*AverageTrueRange[5](close)

if longonmarket then
sell 1 CONTRACT at c7 stop
endif

    Is there a way to put the stop under the minimum of the enter candle, without it moving with the passing of the bars?

    LLL.jpg LLL.jpg
    02/26/2018 at 9:56 PM #64026 quote
    robertogozzi
    Moderator
    Master

    This is your modified code, it should do:

    // Parameters Definition
DEFPARAM CumulateOrders = False // Posizioni cumulate disattivate
 
// Long Condition
C1 = Low[2] > Low[1]
C2 = Low[1] > Low
C3 = Open[2] > Close[2]
C4 = Open[1] > Close[1]
C5 = Open > Close
C6 = Low[1] > Close
 
IF C1 AND C2 AND C3 AND C4 AND C5 AND C6 AND Not OnMarket THEN
   BUY 1 CONTRACT AT High STOP
   //Exit Profit Condition
   c8 = AverageTrueRange[5](close)
   SET TARGET PROFIT c8
   //Stop Loss Condition
   C7 = Low - 0.1*c8
ENDIF

if longonmarket then
   sell 1 CONTRACT at c7 stop
endif
    02/26/2018 at 11:04 PM #64029 quote
    Leo
    Participant
    Veteran
    robertogozzi wrote:

    if longonmarket then    sell 1 CONTRACT at c7 stop endif

    This is a good point to ask here.

    This type of function never work for me. I don not know why.

    If I wish something like this, I have to put

    Set stop ploss (close - (Low - 0.1*c8)/pipsize

    in order to update my stop loss, or something like

    If close < Low[1] - 0.1*c8 THEN
SELL AT MARKET
ENDIF
    03/01/2018 at 12:57 AM #64168 quote
    robertogozzi
    Moderator
    Master

    I tested the above code on both Dax and Eur/Usd, h1, and it works finely!

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STOP LOSS UNDER THE LOW


ProOrder: Automated Strategies & Backtesting

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Author
author-avatar
Ivan Donatiello @richlab Participant
Summary

This topic contains 6 replies,
has 3 voices, and was last updated by robertogozzi
8 years ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 02/24/2018
Status: Active
Attachments: 1 files
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