% Trailing Stop

• 06/02/2016 at 4:25 PM #8655
  RGOD

  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 % ???

  

  RGOD

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

  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?

  

  Nicolas

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

  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.

   

  

  RGOD

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

  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.

  

  Nicolas

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