Stops and trailing stops

• 09/21/2022 at 10:29 AM #201130
  Markscragg

  Can anyone help

  Yesterday for the first time in RTP I created an automatic trading order with the following risk management code

  // Stops and targets
  SET STOP pLOSS 100 pTRAILING 10
  SET TARGET pPROFIT 100

  PRT would not  accept this code with the message ‘Combined Stops can not be used with ProOrder’ although it is the default method when using simplified creation.

  So I resubmitted with the code

  // Stops and targets
  SET STOP pLOSS 100

  SET STOP pTRAILING 10
  SET TARGET pPROFIT 100

  which was accepted.

   

  However when I have backtested the two versions of the code I get very different results

  Can anyone explain why there is such a difference

  and how to use both a stop and trailing stop in ProOrder

   

  Regards

  Mark

   

  

  Markscragg

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  09/21/2022 at 3:15 PM #201150
  Markscragg

  thanks

  What are BBCodes and where can I find information on them

  Mark

  

  Markscragg

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  09/21/2022 at 5:58 PM #201159
  robertogozzi

  BBCodes: https://it.wikipedia.org/wiki/BBCode#Comandi_BBCode

  You solution:

  SET STOP pLOSS 100 SET STOP pTRAILING 10

  1 2 3

  SET STOP pLOSS 100   SET STOP pTRAILING 10

  is now formally correct, but SET STOP pLOSS 100 will ALWAYS be overridden by the next line SET STOP pTRAILING 10, as code is read sequentially. You have to use only one of the two lines or, if you need both a Stop Loss and a Trailing Stop, you have to use SET STOP pLOSS 100 then resort to a code snippet to append to your code to manage the trailing stop, like this one (lines 17-56): https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/

  

  robertogozzi

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