Trailing distance and start

murre87 · 2021-10-20T13:48:07+00:00

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

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

Senior
Help create following:
```
TrailStart          = 0.1%          //0.1     Start trailing when 0,1% in profit
Trailing distance   = 0.04%         //0.04    % distance from candleclose
```
10/20/2021 at 4:07 PM #180024 quote

robertogozzi
Moderator

Legend

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.

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

murre87
Participant

Senior

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.

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

robertogozzi
Moderator

Legend

What distance is it?

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

murre87
Participant

Senior

For long

0.04% distance from highest closed candle.

For short

0.04% distance from lowest closed candle.

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

robertogozzi
Moderator

Legend

Highest compared to what?

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

murre87
Participant

Senior

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

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

Senior
```
// 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
```
10/21/2021 at 9:12 AM #180058 quote

murre87
Participant

Senior

maybe it is easier to explain with picture

sl.jpg

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

robertogozzi
Moderator

Legend

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… ?

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

murre87
Participant

Senior

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.

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

murre87
Participant

Senior

Do u think this is possible to code Roberto 🙂

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

robertogozzi
Moderator

Legend

Yes, I’ll make it asap.

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

murre87
Participant

Senior

U are a master!

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

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