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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  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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  04/23/2024 at 1:40 PM #231846
  Aragorna

  Hi Kumo, I see you’re using Coded trailing stop on IB. I’m using in papermode some systems on IB. does this coded trailing stop works for you? does it happen to you some errors when it goes to execute the stop loss ?

  thank you in advance

  ALessio

  

  Aragorna

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  04/23/2024 at 2:06 PM #231849
  JS

  I think Roberto made a typo at the end of his trailing stop…

  If newSL>0 then

  Sell at newSL STOP

  ExitShort at newSL STOP

  EndIf

  When it happens “at Market” then after the first step the newSL>0 and everything is sold “at Market”… (after the first step)

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  JS

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  04/23/2024 at 2:37 PM #231856
  robertogozzi

  Well spotted JS 🙂

  

  robertogozzi

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  04/23/2024 at 2:51 PM #231859
  JS

  Hi Roberto,

  Maybe you can help me too… 🙂

  As can be read regularly on the forum, the use of “pending orders” is a bad combination between PRT and IG/IB. Often things go wrong (on the broker’s side?) with the execution of these orders, for example that the broker cannot confirm the status of the order…

  This is incredibly frustrating, and you also miss a lot of transactions…

  Is there nothing that can be done about this now… Are there no alternatives?

  I also tried it with the new trading instructions (Set Stop Price) but unfortunately with the same outcome…

  

  JS

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  04/23/2024 at 3:16 PM #231860
  Aragorna

  you mean I have to replace:

  //stop order to exit the positions

  IF newSL>0 THEN

  SELL AT Market

  EXITSHORT AT MARKET

  ENDIF

  with this:

  If newSL>0 then

  Sell at newSL STOP

  ExitShort at newSL STOP

  EndIf

  correct?

  sorry I don’t understand what you mean with:

  When it happens “at Market” then after the first step the newSL>0 and everything is sold “at Market”… (after the first step)

  

  Aragorna

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  04/23/2024 at 3:29 PM #231861
  JS

  That’s right Aragorna, you have to replace that part…

  What I meant is when the newSL>0 then in Roberto’s code everything is sold “at Market”…

  If newSL>0 then

  Sell at Market

  …

  Of course, that’s not the intention because we want to trail with a STOP order… (Trailing Stop)

  

  JS

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  04/23/2024 at 6:28 PM #231865
  robertogozzi

  JS wrote:

  Hi Roberto,

  Maybe you can help me too… 🙂

  As can be read regularly on the forum, the use of “pending orders” is a bad combination between PRT and IG/IB. Often things go wrong (on the broker’s side?) with the execution of these orders, for example that the broker cannot confirm the status of the order…

  This is incredibly frustrating, and you also miss a lot of transactions…

  Is there nothing that can be done about this now… Are there no alternatives?

  I also tried it with the new trading instructions (Set Stop Price) but unfortunately with the same outcome…

  You are right, there’s not much you (as well as anyone else) can do to change this, but to stick to the broker’s minimum distance requirements and adding some extra points to accomodate volatility changes. I trade mainly DAX, for which IG usually require 6 pips; since it’s not possible to know when that distance will rise, I use a minimun distance of  10 pips. Now I rarely experience such nuisances on my demo account and I never experienced any on my real account.

  If IG would enable users to know such kind of requirements, as well as spread etc…, it would be  highly welcome by all of us!

   

   

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  JS

  

  robertogozzi

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