Trailing stop on IB – Stop repositioning on DAX

• 08/04/2023 at 11:03 AM #218584
  KumoNoJuzza

  Hi,

  I want to implement trailing stops in  my strategies on DAX Futures (DXS and DXM) on IB. There is a limitation in terms of stop repositioning to 10 times, sometimes more but I would rather stick to 10.

  I have found trailing stops codes but I am wondering how to set the numbers of iterations.

  Therefore I would like to use a loop like For i=1 to 10… to take profit when stop is touched after the 10th repositioning.

  Has anyone already coded this? Or maybe such topic already exists.

  Thanks for your help.

   

  

  KumoNoJuzza

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  08/04/2023 at 3:03 PM #218597
  robertogozzi

  Can you make an example?

   

  

  robertogozzi

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  08/04/2023 at 4:37 PM #218602
  KumoNoJuzza

  Sure, it would look like this but I am not sure about the syntax/use:

  //trailing stop function trailingstart = 4 //trailing will start @trailingstart points profit trailingstep = 3 //trailing 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 9 moves For i = 1 to 9 DO IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF NEXT 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 9 moves For i = 1 to 9 DO IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF NEXT ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ELSIF newSL>0 THEN SELL AT newSL LIMIT EXITSHORT AT newSL LIMIT ELSIF newSL>0 THEN SELL AT Market EXITSHORT AT MARKET ENDIF

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  //trailing stop function trailingstart = 4 //trailing will start @trailingstart points profit trailingstep = 3 //trailing 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 9 moves For i = 1 to 9 DO IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF NEXT 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 9 moves For i = 1 to 9 DO IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF NEXT ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ELSIF newSL>0 THEN SELL AT newSL LIMIT EXITSHORT AT newSL LIMIT ELSIF newSL>0 THEN SELL AT Market EXITSHORT AT MARKET ENDIF

   

  

  KumoNoJuzza

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  08/05/2023 at 8:03 AM #218614
  JS

  Hi

   

  I think it’s better to use a “counter” (Step=Step+1) than a loop…

  You can then just let the trailing stop do its job and stop after 10 steps…

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  KumoNoJuzza

  

  JS

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  08/06/2023 at 5:54 PM #218651
  robertogozzi

  The lines from 30 through the end are logically incorrect. You can’t use iterations that way. I can’t understand the goal you want to achieve.

  Can you write an exemple using just text?

   

  

  robertogozzi

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  08/06/2023 at 9:38 PM #218652
  KumoNoJuzza

  Yes @Roberto, I just want to code a trailing stop that moves the stop 10 times at most.

  

  KumoNoJuzza

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  08/07/2023 at 5:32 PM #218692
  robertogozzi

  There you go (not tested):

  //trailing stop function trailingstart = 4 //trailing will start @trailingstart points profit trailingstep = 3 //trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 count=0 ENDIF //manage long positions IF LONGONMARKET AND count < 10 THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next 9 moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF IF newSL <> newSL[1] then count = count + 1 ENDIF ENDIF //manage short positions IF SHORTONMARKET AND count < 10 THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next 9 moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF IF newSL <> newSL[1] then count = count + 1 ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT Market EXITSHORT AT MARKET ENDIF

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  //trailing stop function trailingstart = 4 //trailing will start @trailingstart points profit trailingstep = 3 //trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 count=0 ENDIF //manage long positions IF LONGONMARKET AND count < 10 THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next 9 moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF IF newSL <> newSL[1] then count = count + 1 ENDIF ENDIF //manage short positions IF SHORTONMARKET AND count < 10 THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next 9 moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF IF newSL <> newSL[1] then count = count + 1 ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT Market EXITSHORT AT MARKET ENDIF

   

  

  robertogozzi

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  08/07/2023 at 10:59 PM #218703
  KumoNoJuzza

  Thanks. I will test it tomorrow.

  

  KumoNoJuzza

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