Trailing distance and start

• 10/20/2021 at 2:48 PM #180020
  murre87

  Help create following:

  Trailing

  TrailStart = 0.1% //0.1 Start trailing when 0,1% in profit Trailing distance = 0.04% //0.04 % distance from candleclose

  1 2	TrailStart          = 0.1%          //0.1     Start trailing when 0,1% in profit Trailing distance   = 0.04%         //0.04    % distance from candleclose

  

  murre87

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  10/20/2021 at 4:07 PM #180024
  robertogozzi

  You can find one here https://www.prorealcode.com/topic/trailing-stop-and-breakeven-codes/#post-129187, but if you search the forum you can find more snippets.

  Look also at the snippet library suggested by Vonasi and regularly updated by GraHal https://docs.google.com/spreadsheets/d/1rgboqj7sVwsP9ZRhOduOefye48QMWC07jWVXCl-KJPU/edit#gid=0.

   

  

  robertogozzi

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  10/20/2021 at 6:09 PM #180032
  murre87

  Hi Roberto.

  I have searched and couldn’t find what I was searching for.

  Found how to start trail when 0.1% in profit, but cannot find how to keep the 0.04% distance from highest closed candle.

  

  murre87

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  10/20/2021 at 7:00 PM #180036
  robertogozzi

  What distance is it?

   

  

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  10/20/2021 at 7:12 PM #180037
  murre87

  For long

  0.04% distance from highest closed candle.

   

  For short

  0.04% distance from lowest closed candle.

  

  murre87

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  10/20/2021 at 8:42 PM #180040
  robertogozzi

  Highest compared to what?

   

  

  robertogozzi

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  10/20/2021 at 8:53 PM #180041
  murre87

  Highest closed candle after trailing was started.

  Long: Start trailing when 0,1% in profit. Efter this sl moves (trails) with 0,04 % distance to highest price/bar/candle

   

  Short: Start trailing when 0,1% in profit. Efter this sl moves (trails) with 0,04 % distance to lowest price/bar/candle

  

  murre87

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  10/20/2021 at 9:26 PM #180043
  murre87

  EMA/RSI

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter long positions indicator1 = ExponentialAverage[50](high) c1 = (low CROSSES OVER indicator1) Timeframe(4h) filter=RSI[14](close) timeframe(default) IF c1 AND filter<70 THEN BUY 1 CONTRACT AT MARKET SET STOP %LOSS 0.05 ENDIF //Help with trail //TrailStart = 0.1% //0.1 Start trailing when 0,1% in profit //Trailing distance = 0.04% //0.04 stoploss resets and is placed 0,04 % distance to highest price/bar/candle //Long: Start trailing when 0,1% in profit. Efter this sl moves (trails) with 0,04 % distance to highest price/bar/candle //Short: Start trailing when 0,1% in profit. Efter this sl moves (trails) with 0,04 % distance to lowest price/bar/candle

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Conditions to enter long positions indicator1 = ExponentialAverage[50](high) c1 = (low CROSSES OVER indicator1)   Timeframe(4h) filter=RSI[14](close) timeframe(default)     IF c1 AND filter<70 THEN BUY 1 CONTRACT AT MARKET SET STOP %LOSS 0.05 ENDIF     //Help with trail //TrailStart          = 0.1%          //0.1     Start trailing when 0,1% in profit //Trailing distance   = 0.04%         //0.04    stoploss resets and is placed 0,04 % distance to highest price/bar/candle   //Long: Start trailing when 0,1% in profit. Efter this sl moves (trails) with 0,04 % distance to highest price/bar/candle //Short: Start trailing when 0,1% in profit. Efter this sl moves (trails) with 0,04 % distance to lowest price/bar/candle

   

  

  murre87

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  10/21/2021 at 9:12 AM #180058
  murre87

  maybe it is easier to explain with picture

  

  murre87

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  10/21/2021 at 5:34 PM #180114
  robertogozzi

  What are the rules why both the green and red rectangle are drawn there?

  Which is the highest candle you want to refer to?

  0.04% needs to be calculated from which point?   up to… ?

   

   

   

  

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  10/21/2021 at 6:16 PM #180119
  murre87

  This might be better?

  TP: set up 0.1% from entry

  Work with SL: If the trend continues and the trade exceeds 0.06%, SL is moved up / down by 0.04% for at least the breakeven.

  If the trend continues and breaks TP 0.1, TP is moved 0.1%, so new TP becomes 0.2% from original entry and SL is moved up to 0.1%.

  After that, work with trailing SL 0.1% up / down until it is broken and then you take a profit.

  Clarification: only candle close so that you do not let go of wicks.

  

  murre87

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  10/23/2021 at 8:27 AM #180209
  murre87

  Do u think this is possible to code Roberto 🙂

  

  murre87

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  10/23/2021 at 8:47 AM #180211
  robertogozzi

  Yes, I’ll make it asap.

   

  

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  10/23/2021 at 10:37 AM #180215
  murre87

  U are a master!

  

  murre87

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  10/23/2021 at 11:19 AM #180226
  robertogozzi

  There you go:

  IF Not OnMarket THEN MyStop = 0 Entry = 0 ENDIF IF close crosses over average[100,0](close) AND Not OnMarket THEN BUY 1 CONTRACT AT MARKET SET STOP %LOSS 1.0 Entry = close ENDIF TP = 1.0 / 100 //1.0% TrailStart = 0.6 / 100 //0.6% Trailingdistance = 0.2 / 100 //0.2% IF OnMarket AND Not OnMarket[1] THEN Entry = TradePrice ENDIF IF OnMarket THEN IF MyStop = 0 THEN IF close >= (Entry + (Entry * TrailStart)) THEN MyStop = Entry + (Entry * Trailingdistance) ENDIF ELSE IF close >= (MyStop + (Entry * TP)) THEN MyStop = MyStop + (Entry * TP) ENDIF ENDIF IF MyStop > 0 THEN SELL AT MyStop STOP ENDIF ENDIF graphonprice Entry graphonprice Entry + (Entry * TP) coloured(0,0,255,255) graphonprice MyStop coloured(255,0,0,255)

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  IF Not OnMarket THEN    MyStop = 0    Entry  = 0 ENDIF   IF close crosses over average[100,0](close) AND Not OnMarket THEN    BUY 1 CONTRACT AT MARKET    SET STOP %LOSS 1.0    Entry = close ENDIF TP               = 1.0 / 100 //1.0% TrailStart       = 0.6 / 100 //0.6% Trailingdistance = 0.2 / 100 //0.2% IF OnMarket AND Not OnMarket[1] THEN    Entry = TradePrice ENDIF   IF OnMarket THEN    IF MyStop = 0 THEN       IF close >= (Entry + (Entry * TrailStart)) THEN          MyStop = Entry + (Entry * Trailingdistance)       ENDIF    ELSE       IF close >= (MyStop + (Entry * TP)) THEN          MyStop = MyStop + (Entry * TP)       ENDIF    ENDIF    IF MyStop > 0 THEN       SELL AT MyStop STOP    ENDIF ENDIF graphonprice Entry graphonprice Entry + (Entry * TP) coloured(0,0,255,255) graphonprice MyStop               coloured(255,0,0,255)

  I tested it on DAX, 15min.
  I changed percentages a little bit to ber able to test it better.

  

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