Dear All,

I hope I am posting this subject in the correct section of the website.

I have no experience in programming and I think that the best way  for me to understand the codes posted on this website is to try to work on my own projects.

Therefore I tried to write the code below, the idea is to take position when prices crosses MM7 and x prior closes are above or under MM7. A lot of it is based on the SL strategies that I found in a thread created by Gianluca and originaly developped by Nicolas and Ale.

I assume there is a lot of mistakes in this code, but I hardly see my mistake myself.

Can you please comment on this ?

Thank you all for your contribution to this website, very much appreciated.

Best regards.

Alex.

//-------------------------------------------------------------------------
// Code principal : Break MM7 H4 Dax
// Stop strategy adapted from Gianluca/Nicolas/Ale https://www.prorealcode.com/topic/trailing-stop-and-breakeven-codes/
//-------------------------------------------------------------------------
// Dax - IG MARKETS// TIME FRAME H4

//idea1 : Buy when Close crosses over MM7 and Close for the X previous periods were below MM7 (X=5 in this first code)
//idea2 : Set initial SL on the lowest of the X previous periods (X=5 in this first code)
//idea3 : Move SL to entry point when profit > 300 pts
//idea4 : Move SL to highest Close when Close crosses under MM7
//idea5 : If SL > 300 pts no trade

DEFPARAM CumulateOrders = false

MM7= Average[7]
C1= Close crosses over MM7 and Close[1]<MM7[1] and Close[2]<MM7[2] and Close[3]<MM7[3] and Close[4]<MM7[4] and Close[5]<MM7[5]
C2= Close crosses under MM7 and close[1]>MM7[1] and Close[2]>MM7[2] and Close[3]>MM7[3] and Close[4]>MM7[4] and Close[5]>MM7[5]
LongSLvalue= high-lowest[5](low)
ShortSLvalue= highest[5](high)-low

if not onmarket then
if C1 and longSLvalue < 300 then
buy 1 contract at (high+1) stop
endif
if C2 and shortSLvalue < 300 then
sell 1 contract at (low-1) stop
endif
endif

// Stop strategy adapted from Gianluca/Nicolas/Ale https://www.prorealcode.com/topic/trailing-stop-and-breakeven-codes/

//1/TRAILING STOP//////////////////////////////////////////////////////
once trailinstop= 1   //1 on - 0 off
trailingstart = 300 //trailing will start @trailinstart points profit
trailingstep = 5 //trailing step to move the "stoploss"

//1 trailing stop function
if trailinstop>0 then
//reset the stoploss value
IF NOT ONMARKET THEN
newSL=0
ENDIF
 
//manage long positions
IF LONGONMARKET THEN
// set initial SL
if newSL=0 then
newSL=longSLvalue
endif
//first move (breakeven)
IF newSL>0 AND close-tradeprice(1)>=trailingstart*pipsize THEN
newSL = tradeprice(1)+trailingstep*pipsize
ENDIF
//next moves
IF newSL>0 AND close crosses under MM7 THEN
newSL = low-1
ENDIF
ENDIF
 
//manage short positions
IF SHORTONMARKET THEN
//Set initial SL
if newSL=0 then 
newSL=shortSLvalue
endif
//first move (breakeven)
IF newSL>0 AND tradeprice(1)-close>=trailingstart*pipsize THEN
newSL = tradeprice(1)-trailingstep*pipsize
ENDIF
//next moves
IF newSL>0 AND close crosses over MM7 THEN
newSL = high+1
ENDIF
ENDIF
 
//stop order to exit the positions
IF newSL>0 THEN
SELL AT newSL STOP
EXITSHORT AT newSL STOP
ENDIF
endif
///////////////////////////