Trailing SL and SL and TP?

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    Posts
  • 05/04/2019 at 9:59 AM #97652 quote
    bullbear
    Participant
    Senior

    Is this code ok as a trailing SL.

    Can i have a solid SL and TP at the same time as i have trailing SL?

    trailingstop = 34

//resetting variables when no trades are on market
if not onmarket then
MAXPRICE = 0
MINPRICE = close
priceexit = 0
endif

//case SHORT order
if shortonmarket then
MINPRICE = MIN(MINPRICE,close) //saving the MFE of the current trade
if tradeprice(1)-MINPRICE>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then
priceexit = MINPRICE+trailingstop*pointsize //set the exit price at the MFE + trailing stop price level
endif
endif

//case LONG order
if longonmarket then
MAXPRICE = MAX(MAXPRICE,close) //saving the MFE of the current trade
if MAXPRICE-tradeprice(1)>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then
priceexit = MAXPRICE-trailingstop*pointsize //set the exit price at the MFE - trailing stop price level
endif
endif

//exit on trailing stop price levels
if onmarket and priceexit>0 then
EXITSHORT AT priceexit STOP
SELL AT priceexit STOP
endif

SET STOP ploss 50
SET TARGET pPROFIT 50
    05/04/2019 at 10:01 AM #97653 quote
    robertogozzi
    Moderator
    Master

    You can!

    05/04/2019 at 10:06 AM #97654 quote
    bullbear
    Participant
    Senior

    Thanks 🙂

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Trailing SL and SL and TP?


ProOrder: Automated Strategies & Backtesting

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bullbear @bullbear Participant
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This topic contains 2 replies,
has 2 voices, and was last updated by bullbear
6 years, 10 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 05/04/2019
Status: Active
Attachments: No files
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