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

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

Legend

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

02/26/2018 at 9:56 PM #64026 quote

robertogozzi

Moderator

Legend

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

Legend

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

Author

Posts

Viewing 7 posts - 1 through 7 (of 7 total)

You must be logged in to reply to this topic.

New

Stuck on this ProBuilder code?

Describe what this topic is trying to build, in plain English, and ProRealAI writes the ProRealTime™ indicator, screener or system for you.

Available in 7 languages

Try ProRealAI

STOP LOSS UNDER THE LOW

ProOrder: Automated Strategies & Backtesting

New Reply

Author

Ivan Donatiello @richlab Participant

Summary

This topic contains 6 replies,
has 3 voices, and was last updated by robertogozzi
8 years, 7 months ago.

Topic Details

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

STOP LOSS UNDER THE LOW

Stuck on this ProBuilder code?

STOP LOSS UNDER THE LOW ProOrder: Automated Strategies & Backtesting

Author

Summary

Topic Details

STOP LOSS UNDER THE LOW

ProOrder: Automated Strategies & Backtesting