Trailing Stop Codes – Preferred & Least

• 11/23/2019 at 3:24 PM #113477
  GraHal

  Out of the many Trailing Stop Snippets on this website which do you …

  1.   Most Prefer and have had best success with?
  2.   Least prefer and have had least success with?
     

  Say why if you want, but it’s not essential.

  Please might you provide a link to the TS code or copy and paste the code on here?

  Thank You

  

  GraHal

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  11/23/2019 at 8:37 PM #113483
  bullbear

   

  I like this trailing SL most.

  Have tested many different trailing SL but this one usually works best, many others I get “tick mode” with high digits but rarely with this stop, so I like it best 🙂

   

  //trailing stop function trailingstart = 17// 20trailing will start @trailinstart points profit trailingstep = 5// 5trailing step to move the "stoploss" //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)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*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)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF set stop ploss 40

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  //trailing stop function trailingstart = 17// 20trailing will start @trailinstart points profit trailingstep = 5// 5trailing step to move the "stoploss" //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)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*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)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF set stop ploss 40

   

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  GraHal

  

  bullbear

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