There are many different exit codes.
I am coding 1 min DAX and testing different stops, trailing, breakeven etc.
It would make it easier for me who is not so good at coding if there was a list on different exits.
The best thing would be to be able to copy past different exits to a code you made.
Maybe there is already here on the forum?
Great idea! I would welcome this also! Hope it comes about!
If I thought there is support I would raise a spreadsheet and host it on my google drive similar to below
Snippet Link Library
Maybe this Thread needs a more appropriate title … e.g EXIT Conditions??
Here is one.
// dynamic units based STOP LOSS
myATRLL = 2* averagetruerange[2](close)//8,1
myATRPL = 3* averagetruerange[6](close)//6,9
SET stop loss myATRLL
SET target profit myATRPL
IF NOT LONMARKET THEN
newSL=0
ENDIF
IF LONGONMARKET AND close-tradeprice(1)>=30*pipsize THEN
newSL = tradeprice(1)+5*pipsize
ENDIF
IF newSL>0 THEN
SELL AT newSL STOP
ENDIF
If current buy order is in gain of 30 points, order will be closed at entry price + 5 points.
This, I am not quite sure if it works but I think so 🙂
//trailing stop
trailingstop = 20
StartTrailingStopValue = 10
//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)-close > StartTrailingStopValue*pointsize then
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
endif
//case LONG order
if longonmarket then
MAXPRICE = MAX(MAXPRICE,close) //saving the MFE of the current trade
if close-tradeprice(1) > StartTrailingStopValue*pointsize then
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
endif
//exit on trailing stop price levels
if onmarket and priceexit>0 then
EXITSHORT AT priceexit STOP
SELL AT priceexit STOP
endif
One more 🙂
enableBreakeven=1 //
BESG = 0.25// % break even stop gain
BESL = 0 // % break even stop level
underlaying=0.01
if enableBreakeven then
if not onmarket then
newsl=0
endif
if ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then
newsl=0
endif
if longonmarket then
if close-tradeprice(1)>=(((tradeprice(1)/100)*BESG)/(underlaying/100))*pointsize then
newsl=tradeprice(1)+(((tradeprice(1)/100)*BESL)/(underlaying/100))*pointsize
endif
endif
if shortonmarket then
if tradeprice(1)-close>=(((tradeprice(1)/100)*BESG)/(underlaying/100))*pointsize then
newsl=tradeprice(1)-(((tradeprice(1)/100)*BESL)/(underlaying/100))*pointsize
endif
endif
if longonmarket and newsl>0 then
sell at newsl stop
endif
if shortonmarket and newsl>0 then
exitshort at newsl stop
endif
endif
SET STOP %LOSS 0.4
SET TARGET %profit 1
set stop ploss 20
