Stop order functioning in codes versus limits

• 03/09/2021 at 3:07 PM #163616
  Philstrading

  Hi guys n gals

  A quick question around stop orders in the code and when executed. so on the selected pic attached I graphed in the area of the order for 1:1 whether used as a limit or stop order.

  In backtesting the limit works fine takes out the desired profit, on stop orders it also takes out the orders howeve in some circumstances it doesn’t when the price rallies, however backtesting on Dax here I’m seeing it extend around 10 pips above and come back 5 pips below which even with spread should stop out and take partial profits but it doesnt. This is 08:45 a.m and looking onthe platform minimum stop is 5.

  So my questionis do stop orders have to come past the minimum order distance when set as a stop?

  Why do we think this isn’t stopping out?

  In the meantime I’ll likely just code in a sell at market for 50% off instead of sitting orders but an explanation of the Stop order not stopping out in that picture be appreciated.

  Thanks in advance.

  

  Philstrading

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  03/09/2021 at 3:19 PM #163623
  Philstrading

  Ok so the spread was 1.2 and when setting to 2pips it does stop out – so I may not understand something as my logic sugests it should stop out on that chart at some point as it passes and comes back down but allows the trade to continue without amount being reduced with 1.2 pips…

  

  Philstrading

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  03/09/2021 at 3:24 PM #163624
  Nicolas

  Are you sure the pending order was set and at the correct price? Did you graph its level on the chart?

  

  Nicolas

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  03/09/2021 at 5:17 PM #163642
  Philstrading

  Yes, the line you see is where the order is taken for limit orders and the stop order where spread is set to 2. to be clear it executes the stop order at 2 pips spread and not at 1.2 pips spread.. not sure why…. the order actually executes at the start of the line and the line and is “graphonprice pipslim” which is where pipslim is >= the 1:1 in pips the order level whichremains unable to re-execute a second time around.

  stop order

  y=myamount/2 If not onmarket then stopstop=0 endif if stopstop=0 then pipslim=tradeprice*positionperf If longonmarket and pipslim>=(tradeprice+SLL)-tradeprice then sell y contracts at tradeprice+sll stop stopstop=1 endif

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  y=myamount/2 If not onmarket then stopstop=0 endif if stopstop=0 then pipslim=tradeprice*positionperf If longonmarket and pipslim>=(tradeprice+SLL)-tradeprice then sell y contracts at tradeprice+sll stop stopstop=1 endif

  I just had a crash on the platform and it didnt save but without re-testing believe that was the code.

  Works for 2 pip spread backtest but not for 1.2 pips but I think based on the 1 second chart price action it shouldn’t matter in relation to those spread differences so a query on what it’s doing really.

  It is a backtest

   

  

  Philstrading

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  03/09/2021 at 5:39 PM #163645
  Philstrading

  I’ll try the below code and see if it has the same anomaly

   

  code

  If not OnMarket then NewSLim = 0 Endif If take50>0 then if NewSLim = 0 and PositionPerf > 0 then Pipslim = tradeprice * PositionPerf If longonmarket and Pipslim >= (SLL*pipsize) then NewSLim = tradeprice + sll stopstop=1 elsif shortonmarket and Pipslim >= (SLS*pipsize) Then NewSLim = tradeprice - sls stopstop=1 Endif endif If NewSLim > 0 Then SELL y contracts at NewSLim STOP buy y contracts at NewSLim STOP endif endif

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  If not OnMarket then NewSLim = 0 Endif If take50>0 then if NewSLim = 0 and PositionPerf > 0 then Pipslim = tradeprice * PositionPerf If longonmarket and Pipslim >= (SLL*pipsize)  then NewSLim = tradeprice + sll stopstop=1 elsif shortonmarket and Pipslim >= (SLS*pipsize)  Then NewSLim = tradeprice - sls stopstop=1 Endif endif If NewSLim > 0 Then SELL y contracts at NewSLim STOP buy y contracts at NewSLim STOP endif endif

   

  

  Philstrading

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  03/09/2021 at 5:52 PM #163646
  Philstrading

  might have to add direction there methinks

  

  Philstrading

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  03/09/2021 at 7:00 PM #163652
  Philstrading

  My simplest solution

  code

  y=myamount/2 ///////////////////////////////////////////////////////////////////////// If not onmarket then stopstop=0 endif if stopstop=0 and take50=1 then piplim=tradeprice*positionperf If longonmarket and piplim>=(tradeprice+SLL)-tradeprice then sell y contracts at market stopstop=1 elsif shortonmarket and piplim >=tradeprice-(tradeprice-SLS) then exitshort y contracts at market stopstop=1 endif endif

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  y=myamount/2 ///////////////////////////////////////////////////////////////////////// If not onmarket then stopstop=0 endif if stopstop=0 and take50=1 then piplim=tradeprice*positionperf If longonmarket and piplim>=(tradeprice+SLL)-tradeprice then sell y contracts at market stopstop=1 elsif shortonmarket and piplim >=tradeprice-(tradeprice-SLS) then exitshort y contracts at market stopstop=1 endif endif

  Broker orders… pwfff!

  

  Philstrading

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