Trailing stops with previous highs and lows

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  • 10/01/2018 at 11:41 PM #81720 quote
    chris
    Participant
    Junior

    hello

    I’m looking to code a trailing stop based on previous lows for long positions and previous highs for short positions.

    I tested the following code for long positions which used price as the number of bps from the open;

    if longonmarket then
SET STOP trailing lowest[5](low)
endif

    I then tried the following, which didn’t seem to work either;

    if longonmarket then
SET STOP trailing (close - lowest[a](low))
endif

    I’d greatly appreciate any tips or suggestions on how to solve this.

    Best

    Chris

    10/02/2018 at 7:51 AM #81736 quote
    Nicolas
    Keymaster
    Master

    You should avoid using the trailing stop internal function and prefer a coded one with STOP/LIMIT orders. An example in this blog article: Create stoploss with indicator informations in ProOrder

    For a long order, your moving stoploss could be set like this:

    if longonmarket then 
 sell at lowest[5](low) stop
endif
    chris thanked this post
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Trailing stops with previous highs and lows


ProOrder: Automated Strategies & Backtesting

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chris @oceanchris Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by Nicolas
7 years, 5 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 10/01/2018
Status: Active
Attachments: No files
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