% Trailing Stop

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06/02/2016 at 4:25 PM #8655 quote

RGOD
Participant

New

Hi everyone, I’m having issues when getting my system ready for automatic trading, I have selected a %trailing stop but the pro order function gives an error message and says that the trailing stop can only be applied in $ amounts or points. Is there a way to get around this and specify the trailing stop in % ???

06/02/2016 at 5:42 PM #8663 quote

Nicolas
Keymaster

Master

Hi RGOD, in % of what? 🙂

The %TRAILING instruction refer to a trailing stop x percent from average position price. Is this what you want for your trailing stop?

06/02/2016 at 6:02 PM #8664 quote

RGOD
Participant

New

Hi Nicolas,

Yes I wanted to set a %trailing stop of the opening position price and then maintain this trailing % as the position remains open, perhaps stepping up/down when the position moves a set amount. At the moment the error message on PRT just says that it cannot be in % but in currency or point values.

06/02/2016 at 7:30 PM #8671 quote

Nicolas
Keymaster

Master

I wrote an article about implementing a trailing stop by code into a trading strategy right here: http://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/

Of course this one do not deals with percentage of retracement from the average position price. If it’s what you want, I can make a code snippet for it, just ask.
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% Trailing Stop

ProOrder: Automated Strategies & Backtesting

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RGOD @rgod Participant

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This topic contains 3 replies,
has 2 voices, and was last updated by Nicolas
9 years, 8 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	06/02/2016
Status:	Active
Attachments:	No files

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