Hello agasin,
I have a question about scripting the following options.
i have a stoploss in my code as also a trailerstop with a trailerstep. The backtest on this script is very good but somehow when the
algo set on live the Stoploss only appears and when the price of the indices targets the Trailerstop / step nothing happens.. the Stoploss will be there – when the price targets the trailerstop / step the stoploss must disappear.
Also when the algo is putting up for live there is no feedback from the the backtrest that there is a error in the code…
Some one who cna help me ?
there should be a scrypt who can combine these two (or 3) options in one script.
How is it set your trailing stop please? Is it a soft coded one from the forum? Or are you using the SET STOP TRAILING instruction please? We need more information to understand what is happening in live trading.
Did you check the orders rejection list please?
Hello
There is no rejection in any journal. Or maybe you can show me where it must be written down
The Algo opens the position on the indicator with the normal stoploss (not via the …… ) but as i saidwhen the pricaction reach the trailerstop/step the algo won’t use this command
while the backtest doesn’t show any errors (Tick by Thick)
underneath mentioned thje script
//trailerstep
trailingstart = 25 //trailing will start @trailinstart points profit
trailingstep = 5 //trailing step to move the “stoploss”
//0 is off 1 is on
trailerStepFlag = 1
with thanks
Marco
ps. i’m not using the stoprtrailing code from the wizard..
Again, there are no rejecting orders the algo does its thing but only with th estoploss and doesn’t use the script for the trailerstop/step
greetings
Marco
Are you using a limited risk account?
What is “the normal stoploss”, how do you set it?
Difficult to know where is the trouble with your code as you did not post the full content of the trailing stop part, it seems to come from the forum however?
Hello
Indeed, i use a stoploss 150 euro…
And i dont have a limited risk account and yes i use the code from the forum. ( wich is of no use as i use a stoploss of 1 % of my balance)
May the code from the forum is not right? herunder the code – where also some code is secured..
//trailerstep
trailingstart = 12 //trailing will start @trailinstart points profit
trailingstep = 3 //trailing step to move the "stoploss"
//0 is off 1 is on
trailerStepFlag = 1
//stoploss
stopLoss = 150
dynTS = 0
dynTrail = 40
TIMEFRAME(5 MINUTES, UPDATEONCLOSE)
// Stops en targets : Voer uw beschermende stops en winst targets hier in
// secured xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
//Sigals
longSignal = 0
shortSignal = 0
//long = (xxxxxxxxxxxxxxxsecuredxxx
//short =(xxxxxxxxxxxxsecuredxxxxxxxxxxxxxxxxxx
// Condities om long posities te openen
IF NOT LongOnMarket AND long AND active THEN
BUY numContr CONTRACTS AT MARKET
longSignal = 1
ENDIF
// Condities om long posities te sluiten
If LongOnMarket AND short THEN
SELL AT MARKET
ENDIF
//Close positions for end of the day
IF (time >= closePositions) and LONGONMARKET THEN
SELL AT MARKET
ENDIF
// Condities om short posities te openen
IF NOT ShortOnMarket AND short AND active THEN
SELLSHORT numContr CONTRACTS AT MARKET
shortSignal = 1
ENDIF
// Condities om short posities te sluiten
IF ShortOnMarket AND long THEN
EXITSHORT AT MARKET
ENDIF
//Close positions for end of the day
IF (time >= closePositions) and ShortOnMarket THEN
EXITSHORT AT MARKET
ENDIF
timeframe(1 minutes)
ONCE noSignal = 1
// reset newSL Long
IF longSignal AND noSignal THEN
newSL = 0
dynStop = 0
noSignal = 0
ENDIF
IF NOT longSignal and NOT noSignal THEN
noSignal = 1
ENDIF
// reset newSL short
IF shortSignal AND noSignal THEN
newSL = 0
dynStop = 0
noSignal = 0
ENDIF
IF NOT shortSignal and NOT noSignal THEN
noSignal = 1
ENDIF
IF trailerStepFlag THEN
IF LONGONMARKET THEN
//next moves
IF newSL>0 AND close-newSL>=trailingstart*pipsize THEN
newSL = newSL+(trailingstep*pipsize)
ENDIF
//first move (breakeven)
IF newSL=0 AND close-tradeprice(1)>=trailingstep*pipsize THEN
newSL = tradeprice(1)+(trailingstep*pipsize)
ENDIF
ENDIF
//manage short positions
IF SHORTONMARKET THEN
//next moves
IF newSL>0 AND newSL-close>=trailingstart*pipsize THEN
newSL = newSL-trailingstep*pipsize
ENDIF
//first move (breakeven)
IF newSL=0 AND tradeprice(1)-close>=trailingstep*pipsize THEN
newSL = tradeprice(1)-trailingstep*pipsize
ENDIF
ENDIF
//stop order to exit the positions
IF newSL>0 THEN
SELL AT newSL STOP
EXITSHORT AT newSL STOP
ENDIF
ENDIF
// dynamic trailer step
IF dynTS THEN
ONCE dynStop = 0
IF LONGONMARKET THEN
IF dynStop = 0 THEN
dynStop = tradeprice(1) - dynTrail
ENDIF
IF dynStop > close - dynTrail THEN
dynStop = close - dynTrail
ENDIF
ENDIF
IF SHORTONMARKET THEN
IF dynStop = 0 THEN
dynStop = tradeprice(1) + dynTrail
ENDIF
IF dynStop < close + dynTrail THEN
dynStop = close + dynTrail
ENDIF
ENDIF
IF dynStop>0 THEN
SELL AT dynStop STOP
EXITSHORT AT dynStop STOP
ENDIF
ENDIF
// Stops en targets
SET STOP $LOSS stopLoss
Ps.
The Dynamic trailer is set on OFF so that doesnt’work but is not of use in this code.
greetings
Marco
Remove lines with “newsl=0”
and place that code at the top, below TIMEFRAME(1 minutes):
if not onmarket then
newsl=0
endif
Hello
Thanks , i went live and i think it works… only the pips in the code are disturbing for me…
Greetings
Marco
Hello,
I tried the adjustments and the backtest shows more then 36% upto 45% of neutral trades… very strange ( this is with the same Trailerstep/stop and stoploss – with the newsl=o code i get 80% of profit trades in my backtest)
can you explain this?
kind regards
Why don’t you just GRAPH the newsl to see how it behaves in the market? You’ll see how and when it is calculated, and how and when orders are closed on that trailing stop price:
GRAPHONPRICE newsl
Always GRAPH your variables when there is something you don’t understand, otherwise it is very difficult to analyze the results of the algo 🙂
Hello
I always Graph my result to see if its works
But in this case the advise you gave – to erase the News=0 lines was not good,
More then 50% were neutral trades
Kind regards
Marco
Hello Nicoals
i have solved the problem myself , just a few adjustments on the script.. and it worked..
butr thanks anyway for the effort.
Also
Also this algo works now- (with a few adjustments in the script of the trailerstop and step)–
The “problem” I have now “but the trailerstep is calculated in TF candle and I want it dynamic with the price action.
With other words : the step is done after ending the candle ( in wich timeframe it was scripted)
Kind regards
Marco
Marco
ps i cannot send email any more to Market@….
regards
Marco
Thanks Nicoals,
i will try them all and see what suits best.
With thanks
Marco
