Trailing Stop and Breakeven codes

• 09/25/2020 at 3:46 PM #145411
  Paul

  // trailing atr stop once trailingstoptype1 = 1 // trailing stop - 0 off, 1 on if trailingstoptype1 then //======================== once tsatrdistlong = 5 // ts atr distance once tsatrdistshort = 5 // ts atr distance once tsincrements = 0.05 // set to 0 to ignore tsincrements once tsminatrdist = 2 once tsatrperiod = 14 // ts atr parameter once tsminstop = 10 // ts minimum stop distance once ts1sensitivity = 1 // [0]close;[1]high/low;[2]low;high //======================== if barindex=tradeindex then trailingstoplong = tsatrdistlong trailingstopshort = tsatrdistshort else if longonmarket then if tsnewsl>0 then if trailingstoplong>tsminatrdist then if tsnewsl>tsnewsl[1] then trailingstoplong=trailingstoplong else trailingstoplong=trailingstoplong-tsincrements endif else trailingstoplong=tsminatrdist endif endif endif if shortonmarket then if tsnewsl>0 then if trailingstopshort>tsminatrdist then if tsnewsl<tsnewsl[1] then trailingstopshort=trailingstopshort else trailingstopshort=trailingstopshort-tsincrements endif else trailingstopshort=tsminatrdist endif endif endif endif tsatr=averagetruerange[tsatrperiod]((close/10)*pipsize)/1000 //tsatr=averagetruerange[tsatrperiod]((close/1)*pipsize) // (forex) tgl=round(tsatr*trailingstoplong) tgs=round(tsatr*trailingstopshort) if not onmarket or ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then tsmaxprice=0 tsminprice=close tsnewsl=0 endif if ts1sensitivity=1 then ts1sensitivitylong=high ts1sensitivityshort=low elsif ts1sensitivity=2 then ts1sensitivitylong=low ts1sensitivityshort=high else ts1sensitivitylong=close ts1sensitivityshort=close endif if longonmarket then tsmaxprice=max(tsmaxprice,ts1sensitivitylong) if tsmaxprice-tradeprice(1)>=tgl*pointsize then if tsmaxprice-tradeprice(1)>=tsminstop then tsnewsl=tsmaxprice-tgl*pointsize else tsnewsl=tsmaxprice-tsminstop*pointsize endif endif endif if shortonmarket then tsminprice=min(tsminprice,ts1sensitivityshort) if tradeprice(1)-tsminprice>=tgs*pointsize then if tradeprice(1)-tsminprice>=tsminstop then tsnewsl=tsminprice+tgs*pointsize else tsnewsl=tsminprice+tsminstop*pointsize endif endif endif if barindex-tradeindex>1 then if longonmarket then if tsnewsl>0 then sell at tsnewsl stop endif if tsnewsl>0 then if close crosses under tsnewsl then sell at market endif endif endif if shortonmarket then if tsnewsl>0 then exitshort at tsnewsl stop endif if tsnewsl>0 then if close crosses over tsnewsl then exitshort at market endif endif endif endif endif

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  // trailing atr stop once trailingstoptype1 = 1 // trailing stop - 0 off, 1 on   if trailingstoptype1 then //======================== once tsatrdistlong  = 5 // ts atr distance once tsatrdistshort = 5 // ts atr distance   once tsincrements = 0.05 // set to 0 to ignore tsincrements once tsminatrdist = 2   once tsatrperiod    = 14 // ts atr parameter once tsminstop      = 10 // ts minimum stop distance   once ts1sensitivity = 1  // [0]close;[1]high/low;[2]low;high //======================== if barindex=tradeindex then trailingstoplong = tsatrdistlong trailingstopshort = tsatrdistshort else if longonmarket then if tsnewsl>0 then if trailingstoplong>tsminatrdist then if tsnewsl>tsnewsl[1] then trailingstoplong=trailingstoplong else trailingstoplong=trailingstoplong-tsincrements endif else trailingstoplong=tsminatrdist endif endif endif if shortonmarket then if tsnewsl>0 then if trailingstopshort>tsminatrdist then if tsnewsl<tsnewsl[1] then trailingstopshort=trailingstopshort else trailingstopshort=trailingstopshort-tsincrements endif else trailingstopshort=tsminatrdist endif endif endif endif tsatr=averagetruerange[tsatrperiod]((close/10)*pipsize)/1000 //tsatr=averagetruerange[tsatrperiod]((close/1)*pipsize) // (forex) tgl=round(tsatr*trailingstoplong) tgs=round(tsatr*trailingstopshort) if not onmarket or ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then tsmaxprice=0 tsminprice=close tsnewsl=0 endif if ts1sensitivity=1 then ts1sensitivitylong=high ts1sensitivityshort=low elsif ts1sensitivity=2 then ts1sensitivitylong=low ts1sensitivityshort=high else ts1sensitivitylong=close ts1sensitivityshort=close endif if longonmarket then tsmaxprice=max(tsmaxprice,ts1sensitivitylong) if tsmaxprice-tradeprice(1)>=tgl*pointsize then if tsmaxprice-tradeprice(1)>=tsminstop then tsnewsl=tsmaxprice-tgl*pointsize else tsnewsl=tsmaxprice-tsminstop*pointsize endif endif endif if shortonmarket then tsminprice=min(tsminprice,ts1sensitivityshort) if tradeprice(1)-tsminprice>=tgs*pointsize then if tradeprice(1)-tsminprice>=tsminstop then tsnewsl=tsminprice+tgs*pointsize else tsnewsl=tsminprice+tsminstop*pointsize endif endif endif if barindex-tradeindex>1 then if longonmarket then if tsnewsl>0 then sell at tsnewsl stop endif if tsnewsl>0 then if close crosses under tsnewsl then sell at market endif endif endif if shortonmarket then if tsnewsl>0 then exitshort at tsnewsl stop endif if tsnewsl>0 then if close crosses over tsnewsl then exitshort at market endif endif endif endif endif

  // trailing stop percentage once trailingstoptype2 = 1 if trailingstoptype2 then //==================== once trailingpercentlong = 0.333 // % once trailingpercentshort = 0.333 // % once accelerator = 1 // 1 = default; always > 0 (i.e. 0.5-3) once ts2sensitivity = 1 // [0]close;[1]high/low;[2]low;high //==================== once steppercentlong = (trailingpercentlong/10)*accelerator once steppercentshort = (trailingpercentshort/10)*accelerator if onmarket then trailingstartlong = tradeprice(1)*(trailingpercentlong/100) trailingstartshort = tradeprice(1)*(trailingpercentshort/100) trailingsteplong = tradeprice(1)*(steppercentlong/100) trailingstepshort = tradeprice(1)*(steppercentshort/100) endif if not onmarket or ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then newsl=0 endif if ts2sensitivity=1 then ts2sensitivitylong=high ts2sensitivityshort=low elsif ts2sensitivity=2 then ts2sensitivitylong=low ts2sensitivityshort=high else ts2sensitivitylong=close ts2sensitivityshort=close endif if longonmarket then if newsl=0 and ts2sensitivitylong-tradeprice(1)>=trailingstartlong then newsl = tradeprice(1)+trailingsteplong endif if newsl>0 and ts2sensitivitylong-newsl>trailingsteplong then newsl = newsl+trailingsteplong endif endif if shortonmarket then if newsl=0 and tradeprice(1)-ts2sensitivityshort>=trailingstartshort then newsl = tradeprice(1)-trailingstepshort endif if newsl>0 and newsl-ts2sensitivityshort>trailingstepshort then newsl = newsl-trailingstepshort endif endif if barindex-tradeindex>1 then if longonmarket then if newsl>0 then sell at newsl stop endif if newsl>0 then if close crosses under newsl then sell at market endif endif endif if shortonmarket then if newsl>0 then exitshort at newsl stop endif if newsl>0 then if close crosses over newsl then exitshort at market endif endif endif endif endif

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  // trailing stop percentage once trailingstoptype2 = 1   if trailingstoptype2 then //==================== once trailingpercentlong  = 0.333 // % once trailingpercentshort = 0.333 // % once accelerator     = 1 // 1 = default; always > 0 (i.e. 0.5-3) once ts2sensitivity  = 1 // [0]close;[1]high/low;[2]low;high //==================== once steppercentlong  = (trailingpercentlong/10)*accelerator once steppercentshort = (trailingpercentshort/10)*accelerator if onmarket then trailingstartlong = tradeprice(1)*(trailingpercentlong/100) trailingstartshort = tradeprice(1)*(trailingpercentshort/100)   trailingsteplong = tradeprice(1)*(steppercentlong/100) trailingstepshort = tradeprice(1)*(steppercentshort/100) endif if not onmarket or ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then newsl=0 endif if ts2sensitivity=1 then ts2sensitivitylong=high ts2sensitivityshort=low elsif ts2sensitivity=2 then ts2sensitivitylong=low ts2sensitivityshort=high else ts2sensitivitylong=close ts2sensitivityshort=close endif if longonmarket then if newsl=0 and ts2sensitivitylong-tradeprice(1)>=trailingstartlong then newsl = tradeprice(1)+trailingsteplong endif if newsl>0 and ts2sensitivitylong-newsl>trailingsteplong then newsl = newsl+trailingsteplong endif endif if shortonmarket then if newsl=0 and tradeprice(1)-ts2sensitivityshort>=trailingstartshort then newsl = tradeprice(1)-trailingstepshort endif if newsl>0 and newsl-ts2sensitivityshort>trailingstepshort then newsl = newsl-trailingstepshort endif endif if barindex-tradeindex>1 then if longonmarket then if newsl>0 then sell at newsl stop endif if newsl>0 then if close crosses under newsl then sell at market endif endif endif if shortonmarket then if newsl>0 then exitshort at newsl stop endif if newsl>0 then if close crosses over newsl then exitshort at market endif endif endif endif endif

   

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  Paul

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  02/17/2021 at 11:32 AM #161799
  minhbui

  Hello,

  Can you explain me how to use this in prorealtime?

  I import the itf file to prorealtime and how can apply the trailing stop to my trade?

  Thank you

  

  minhbui

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  10/17/2021 at 9:20 AM #179812
  coh123

  Hi everyone,

  I’ve spent hours reading through all this and I’m still finding it tricky to understand to be honest. Why does it seem so difficult to add a breakeven line of code? I’m very new to all this so do give me some patience haha.

  I am just practicing and getting the hang of coding bits so to keep it simple I have just created a code to buy when the RSI gets to 30 and have set a trailing stop too but what I want to do is simply add something like “breakeven level 10 pips above entry, exit the market if triggered ”

  Is this possible? All I see on here is 100 lines of code for something that seems so simple!

  Any help would be greatly appreciated, thanks guys

  

  coh123

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  10/17/2021 at 10:05 AM #179813
  robertogozzi

  This is the code for breakeven from https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/:

  trailingstart = 30 //breakeven will be set at this profit level points2keep = 10 //points to keep at breakeven //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+points2keep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-points2keep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

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  trailingstart = 30    //breakeven will be set at this profit level points2keep   = 10    //points to keep at breakeven //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN   newSL = tradeprice(1)+points2keep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN   newSL = tradeprice(1)-points2keep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

  

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  10/17/2021 at 3:46 PM #179818
  robertogozzi

  The above code is 1/4 of 100 lines!

  Is it still too much much?

  There you go with just 4 lines:

  If (positionprice * PositionPerf / PipSize) >= 30 * PipSize then Sell at tradeprice + 10*pipsize STOP Exitshort at tradeprice - 10*pipsize STOP Endif

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  If (positionprice * PositionPerf / PipSize) >= 30 * PipSize then    Sell at tradeprice + 10*pipsize STOP    Exitshort at tradeprice - 10*pipsize STOP Endif

  That’s pretty short!
  Add this to your code and you will soon report that it will not always exit at the expected entry price + 10 pips.

  That’s because pending orders expire each bar, so when your profit is 30+ pips they will be placed, but if they are not triggered and the next bar your profit is, say, 29 pips, they will not be placed again and you may suffer an unexpected big loss! How can this be dealt with? By adding a few lines to RECORD that your trigger level has been reached, so the stop orders are to be placed again, next bar, even if by that time your profit is lower than that level:

  Once NewSL = 0 If (positionprice * PositionPerf / PipSize) >= 30 * PipSize then If LongOnMarket then NewSL = tradeprice + 10*pipsize ElsIf ShortOnMarket then NewSL = tradeprice - 10*pipsize Endif If NewSL > 0 then Sell at NeWSL STOP Exitshort at NewSL STOP Endif

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  Once NewSL = 0 If (positionprice * PositionPerf / PipSize) >= 30 * PipSize then    If LongOnMarket then       NewSL = tradeprice + 10*pipsize    ElsIf ShortOnMarket then       NewSL = tradeprice - 10*pipsize Endif If NewSL > 0 then    Sell at NeWSL STOP    Exitshort at NewSL STOP Endif

  as you can see, a few more lines have been added, but they are still not so many!

  Well… there’s still a problem. Next trade NewSL will still retain the previous exit price and it may exit at an incorrect price,

  We need to add a few more lines to prevent this from happening:

  Once NewSL = 0 If not OnMarket then NewSL = 0 Endif If (positionprice * PositionPerf / PipSize) >= 30 * PipSize then If LongOnMarket then NewSL = tradeprice + 10*pipsize ElsIf ShortOnMarket then NewSL = tradeprice - 10*pipsize Endif If NewSL > 0 then Sell at NeWSL STOP Exitshort at NewSL STOP Endif

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  Once NewSL = 0 If not OnMarket then    NewSL = 0 Endif If (positionprice * PositionPerf / PipSize) >= 30 * PipSize then    If LongOnMarket then       NewSL = tradeprice + 10*pipsize    ElsIf ShortOnMarket then       NewSL = tradeprice - 10*pipsize Endif If NewSL > 0 then    Sell at NeWSL STOP    Exitshort at NewSL STOP Endif

  it’s no more just a few lines (and I did not add comments to make code easier to read),  it it can’t be done with less than that!

  100+ lines can easily be reached to add more sophisticated features.

  It’s like starting a car, you don’t need too much engineering, but then you have to add support for speeding up, then slowing down, then braking, then steering, then accommodating people, etc…

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  robertogozzi

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  10/17/2021 at 4:00 PM #179819
  coh123

  That’s great thank you so much for the help. I really appreciate it!

  

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  12/31/2021 at 12:50 PM #184196
  Khaled

  Hi Paul, thank you for sharing your hard work. I was trying your latest code based on (%) and I keep getting the same values in backtest while varying “trailingpercentlong” and “trailingpercentshort” from 0.1 to 1 with an increment of 0.1. I kept accelerator and sensitivity fixed.

  Is there something I’m missing?

  Thanks

  // trailing stop percentage once trailingstoptype2 = 1 if trailingstoptype2 then //==================== once trailingpercentlong = 0.333 // % once trailingpercentshort = 0.333 // % once accelerator = 1 // 1 = default; always > 0 (i.e. 0.5-3) once ts2sensitivity = 1 // [0]close;[1]high/low;[2]low;high //==================== once steppercentlong = (trailingpercentlong/10)*accelerator once steppercentshort = (trailingpercentshort/10)*accelerator if onmarket then trailingstartlong = tradeprice(1)*(trailingpercentlong/100) trailingstartshort = tradeprice(1)*(trailingpercentshort/100) trailingsteplong = tradeprice(1)*(steppercentlong/100) trailingstepshort = tradeprice(1)*(steppercentshort/100) endif if not onmarket or ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then newsl=0 endif if ts2sensitivity=1 then ts2sensitivitylong=high ts2sensitivityshort=low elsif ts2sensitivity=2 then ts2sensitivitylong=low ts2sensitivityshort=high else ts2sensitivitylong=close ts2sensitivityshort=close endif if longonmarket then if newsl=0 and ts2sensitivitylong-tradeprice(1)>=trailingstartlong then newsl = tradeprice(1)+trailingsteplong endif if newsl>0 and ts2sensitivitylong-newsl>trailingsteplong then newsl = newsl+trailingsteplong endif endif if shortonmarket then if newsl=0 and tradeprice(1)-ts2sensitivityshort>=trailingstartshort then newsl = tradeprice(1)-trailingstepshort endif if newsl>0 and newsl-ts2sensitivityshort>trailingstepshort then newsl = newsl-trailingstepshort endif endif if barindex-tradeindex>1 then if longonmarket then if newsl>0 then sell at newsl stop endif if newsl>0 then if close crosses under newsl then sell at market endif endif endif if shortonmarket then if newsl>0 then exitshort at newsl stop endif if newsl>0 then if close crosses over newsl then exitshort at market endif endif endif endif endif

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  // trailing stop percentage once trailingstoptype2 = 1 if trailingstoptype2 then //==================== once trailingpercentlong  = 0.333 // % once trailingpercentshort = 0.333 // % once accelerator     = 1 // 1 = default; always > 0 (i.e. 0.5-3) once ts2sensitivity  = 1 // [0]close;[1]high/low;[2]low;high //==================== once steppercentlong  = (trailingpercentlong/10)*accelerator once steppercentshort = (trailingpercentshort/10)*accelerator if onmarket then trailingstartlong = tradeprice(1)*(trailingpercentlong/100) trailingstartshort = tradeprice(1)*(trailingpercentshort/100) trailingsteplong = tradeprice(1)*(steppercentlong/100) trailingstepshort = tradeprice(1)*(steppercentshort/100) endif if not onmarket or ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then newsl=0 endif if ts2sensitivity=1 then ts2sensitivitylong=high ts2sensitivityshort=low elsif ts2sensitivity=2 then ts2sensitivitylong=low ts2sensitivityshort=high else ts2sensitivitylong=close ts2sensitivityshort=close endif if longonmarket then if newsl=0 and ts2sensitivitylong-tradeprice(1)>=trailingstartlong then newsl = tradeprice(1)+trailingsteplong endif if newsl>0 and ts2sensitivitylong-newsl>trailingsteplong then newsl = newsl+trailingsteplong endif endif if shortonmarket then if newsl=0 and tradeprice(1)-ts2sensitivityshort>=trailingstartshort then newsl = tradeprice(1)-trailingstepshort endif if newsl>0 and newsl-ts2sensitivityshort>trailingstepshort then newsl = newsl-trailingstepshort endif endif if barindex-tradeindex>1 then if longonmarket then if newsl>0 then sell at newsl stop endif if newsl>0 then if close crosses under newsl then sell at market endif endif endif if shortonmarket then if newsl>0 then exitshort at newsl stop endif if newsl>0 then if close crosses over newsl then exitshort at market endif endif endif endif endif

   

  

  Khaled

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  12/31/2021 at 3:24 PM #184215
  PeterSt

  Try to make it way more extreme. Say up to +10%, starting even at a minus percentage. It is quite easy to have the same trade results with different trailing because of other factors (I did not check out that code).

  Obviously you did not forget to comment out the setting of the variables you now let vary in optimising, right ?

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  Khaled

  

  PeterSt

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  12/31/2021 at 3:50 PM #184220
  Khaled

  Thanks Peter, just found out that this trailing module doesn’t react the same way in MTF. Say you’re executing a 5min Algo on a 1 min chart. If you leave everything under TIMEFRAME(5 minutes), this module doesn’t change. If you insert TIMEFRAME(DEFAULT) just before this module, it works fine.

  

  Khaled

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  04/07/2023 at 9:55 AM #213001
  ZeroCafeine

  hi every one, I hope your are fine,

  I discovered this code a few days ago that I’m trying to understand, I understood the first two parts well, the I’m going to concentrate on the MFE, however I don’t understand the logic of wanting to disable the trailing stop and the BE?

  Can someone explain to me why you want to deactivate these two options, because anyway if the trade doesn’t go our way there’s no point in giving it more chance or more room to manoeuvre, because in this case you don’t stick to your plan and you end up hoping, and that’s really not good for trading

  Translated with http://www.DeepL.com/Translator (free version)

  

  ZeroCafeine

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  04/08/2023 at 8:26 AM #213025
  Madrosat

  Khaled

  What kind of crossing hull do you use ???

  

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