Trailing stops rejected

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  • 04/24/2024 at 12:40 PM #231886 quote
    Leo440
    Participant
    New

    Hello everyone,

    I have an issue with trailing stops on GBP/JPY (30m and 1h) that I don’t understand. My orders are being rejected because the stop exceeds the maximum distance. When I go to IGs online platform I am able to execute the same trades without a problem.

    I have tried “trailing” and  “ptrailing” with the same result.

    The same problem occurs on AUD/CAD (1h), where I had a “ptrailing 95” fail. I contacted IG and was told my order sent with a 950,000,000 pip stop.

    I’m new to mechanical trading so any help much appreciated. Please see attached code.

    Many thanks!

    if (myconditions) then
buy PositionSize contract at market
set stop ptrailing 210
endif
    IF (myconditions) THEN
BUY PositionSize CONTRACT AT MARKET
set stop ptrailing 95
ENDIF
    04/24/2024 at 12:53 PM #231887 quote
    GraHal
    Participant
    Master
    Try below … 
    IF (myconditions) THEN
BUY PositionSize CONTRACT AT MARKET
set stop ptrailing 95*pipsize
ENDIF
    Leo440 thanked this post
    04/24/2024 at 1:16 PM #231888 quote
    Leo440
    Participant
    New
    Seems ok with “trailing”, “ptrailing” produces an undesirable equity curve! Thanks for the quick reply GraHal, I’ll report back next time I get a signal.
    GraHal thanked this post
    04/24/2024 at 2:01 PM #231889 quote
    GraHal
    Participant
    Master
    Leo440 wrote:
    “ptrailing” produces an undesirable equity curve!
    Have you optimised the p value to give a better equity curve?
    04/24/2024 at 2:14 PM #231891 quote
    Leo440
    Participant
    New
    See attached – the top is your code as written, the bottom is changed to “trailing 210*pipsize”  (95 is for AUD/CAD). It makes sense to me that your code as written will work live and solve the problem, so I’ve activated both versions.
    Screenshot-2024-04-24-at-14.09.40.jpg Screenshot-2024-04-24-at-14.09.40.jpg
    04/24/2024 at 3:27 PM #231893 quote
    GraHal
    Participant
    Master
    Have you got ‘tick by tick mode’ enabled in both scenarios. Without seeing your full code, we would be guessing as to what is wrong, but the top curve sure isn’t going to turn out good! 🙂
    04/24/2024 at 7:47 PM #231922 quote
    Leo440
    Participant
    New
    Tick mode is on for both. This version got rejected earlier… 
    if (my conditions) then
buy PositionSize contract at market
SET STOP trailing 210*pipsize
endif
    I’m running your code verbatim on a different timeframe GraHal, so I’ll report back when it triggers. It’s is a simple moving average crossover with a MACD filter, I don’t see how it could be messing with the stop. I will post as a last resort, once I’ve tried a couple of ideas I’ve got 😉 It seems like the pipsize is wrong on PRT?  hmmmm
    04/24/2024 at 8:05 PM #231924 quote
    GraHal
    Participant
    Master
    Try this version also to se if you get the same problem / Rejection …
    TRAILING
    Leo440 thanked this post
    04/24/2024 at 11:31 PM #231927 quote
    JS
    Participant
    Senior

    Hi,

    I think you should use “SET STOP Trailing 210*pipsize*pipvalue”…

    The currency is in JPY in the currency pair GBP/JPY…

    (the price of GBP/JPY is about 193 so if you only use “pipsize” your 120 will be way above the maximum distance…)

    EDIT: pipsize=0.01 pipvalue=0.01 (JPY)
    Leo440 thanked this post
    04/24/2024 at 11:38 PM #231928 quote
    JS
    Participant
    Senior
    “…your 120…” must be “…your 210″…
    04/25/2024 at 7:51 AM #231932 quote
    GraHal
    Participant
    Master
    Are you trading DFB Leo440 On UK DFB trading GBP/JPY pipsize = 1 … see attached.
    Screenshot-2024-04-25-074646.png Screenshot-2024-04-25-074646.png
    04/25/2024 at 7:52 AM #231934 quote
    GraHal
    Participant
    Master
    Try … 
    if (my conditions) then
buy PositionSize contract at market
SET STOP trailing 210*ticksize
endif
    Leo440 thanked this post
    04/25/2024 at 7:59 AM #231935 quote
    Leo440
    Participant
    New
    JS wrote:
    “SET STOP Trailing 210*pipsize*pipvalue”…
    Thanks JS, I’ll add that one to the pile.  
    GraHal wrote:
    Are you trading DFB Leo440
    No, cfd mini Currently trying to get an order through with this 
    if (my conditions) then
buy PositionSize contract at market
set stop $trailing 21000*positionsize
endif
    wish me luck!
    05/02/2024 at 8:45 AM #232166 quote
    Leo440
    Participant
    New
    JS wrote:
    “SET STOP Trailing 210*pipsize*pipvalue”…
    This underperforms on 30min, outperforms on 1hr (but with a worse equity curve) and fails on 2hr 🙁  
    GraHal wrote:
    Try …
    Doesn’t work either sadly. I’m still getting the same rejection (attached). Is anyone actually trading GBP/JPY with proorder? Could this somehow be because I’m using the mini? I sent a help request through PRT and got an email back saying I should make a thread here *sigh* Thanks again for your suggestions guys.
    Untitled.jpg Untitled.jpg
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Trailing stops rejected


ProOrder: Automated Strategies & Backtesting

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Leo440 @leo440 Participant
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This topic contains 13 replies,
has 3 voices, and was last updated by Leo440
1 year, 9 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 04/24/2024
Status: Active
Attachments: 3 files
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