Trailing stop / Coder needed ;)

• 09/18/2017 at 5:38 PM #46529
  Inertia

  Dear all,

  Good afternoon.

  I do like the attached stop (THX) however I was wondering if one of you would be able to “modify/tweak” it as follows:

  //In order to reduce gradually the distance between opened trade and initial stop,

  After (n) bars, stop to move (n) pts Higher (if long), or lower (if short)

  Of course, if the trade moves in the right direction i.e. 35pts, then this last one takes over to the gradually one…

  Is my explanation clear ? Does this make sense for anyone ?

  I would be delighted to share the results on any given strategy.

  Thx you gents.

  DJ

  Trailing stop

  //trailing stop 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 62//20 SET TARGET pPROFIT 98//54

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  //trailing stop 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 62//20 SET TARGET pPROFIT 98//54

   

  

  Inertia

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  09/18/2017 at 6:14 PM #46531
  Derek

  You can start to count the bars when you are onmarket.

  If onmarket and init_timer[1]=0 then Init_timer=barindex Endif

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  If onmarket and init_timer[1]=0 then   Init_timer=barindex   Endif

   

  Now, every bar you decrease the trailing distance by “number of bars” onmarket.

  Priceexit=maxprice- trailingstop*pointsize  - (barindex - init_timer)*pointsize

  1	Priceexit=maxprice- trailingstop*pointsize  - (barindex - init_timer)*pointsize

  That’s the idea, maybe?

  

  Derek

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  09/18/2017 at 6:52 PM #46533
  Inertia

  Thx Derek,

  Looks good and I am sure it is…

  But what about the OCO condition: Like if the position is going positive and crosses the 34 pts onbarclosed, a code might say cxl the timer somewhere ?

  What do you think ?

  Thx again 😉

   

  

  Inertia

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  09/19/2017 at 9:37 PM #46628
  Derek

  Hey Inertia,

  you can adapt the break-even code from the blog to start the trailing stop.

  https://www.prorealcode.com/blog/learning/breakeven-code-automated-trading-strategy/

  I guess the function for decreasing the trailing distance is dependent on your risk appetite,  the type of strategy, like for example the initial distance etc…

  You can get around the problem(?) of the barcounting variable by adding a second variable and replacing init_timer in the function for the priceexit.

  If init_timer[1]>0 then Priceexit= maxprice- trailingstop*pointsize - (your_personal_function_of_risk)*pointsize Endif

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  If init_timer[1]>0 then Priceexit= maxprice- trailingstop*pointsize  - (your_personal_function_of_risk)*pointsize   Endif

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  Inertia

  

  Derek

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  09/19/2017 at 10:04 PM #46629
  Derek

  Here is the code for including a predefined starting distance for the risk function in your exit order decision:

  Starting_Distance = 34 //how much pips/points in gain to activate the risk function? If close-tradeprice(1)>=starting_distance * pipsize then Riskf = 1 Else Riskf = 0 Endif if onmarket and priceexit>0 and Riskf = 1 then EXITSHORT AT priceexit STOP SELL AT priceexit STOP endif

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  Starting_Distance = 34 //how much pips/points in gain to activate the risk function?   If close-tradeprice(1)>=starting_distance * pipsize then Riskf = 1 Else Riskf = 0 Endif   if onmarket and priceexit>0 and Riskf = 1 then EXITSHORT AT priceexit STOP SELL AT priceexit STOP endif

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  Inertia, Nicolas

  

  Derek

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