Trailing stops rejected

Leo440 · Wed, 24 Apr 2024 11:40:15 +0000

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

This topic has 13 replies, 3 voices, and was last updated 2 days ago by Leo440.

Viewing 14 posts - 1 through 14 (of 14 total)

04/24/2024 at 12:40 PM #231886

Leo440

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!

GBP/JPY

if (myconditions) then buy PositionSize contract at market set stop ptrailing 210 endif

1
2
3
4

if (myconditions) then
buy PositionSize contract at market
set stop ptrailing 210
endif

AUD/CAD

IF (myconditions) THEN BUY PositionSize CONTRACT AT MARKET set stop ptrailing 95 ENDIF

1
2
3
4

IF (myconditions) THEN
BUY PositionSize CONTRACT AT MARKET
set stop ptrailing 95
ENDIF

Leo440
Participant

Topics: 1
Replies: 5
Been thanked: 1 time

04/24/2024 at 12:53 PM #231887

GraHal

Try below …

IF (myconditions) THEN BUY PositionSize CONTRACT AT MARKET set stop ptrailing 95*pipsize ENDIF

1
2
3
4

IF (myconditions) THEN
BUY PositionSize CONTRACT AT MARKET
set stop ptrailing 95*pipsize
ENDIF

1 user thanked author for this post.

Leo440

GraHal
Participant

Topics: 204
Replies: 8422
Been thanked: 2045 times

04/24/2024 at 1:16 PM #231888

Leo440

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.

1 user thanked author for this post.

GraHal

Leo440
Participant

Topics: 1
Replies: 5
Been thanked: 1 time

04/24/2024 at 2:01 PM #231889

GraHal

Leo440 wrote:

“ptrailing” produces an undesirable equity curve!

Have you optimised the p value to give a better equity curve?

GraHal
Participant

Topics: 204
Replies: 8422
Been thanked: 2045 times

04/24/2024 at 2:14 PM #231891

Leo440

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.

Leo440
Participant

Topics: 1
Replies: 5
Been thanked: 1 time

04/24/2024 at 3:27 PM #231893

GraHal

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! 🙂

GraHal
Participant

Topics: 204
Replies: 8422
Been thanked: 2045 times

04/24/2024 at 7:47 PM #231922

Leo440

Tick mode is on for both. This version got rejected earlier…

rejected too

if (my conditions) then buy PositionSize contract at market SET STOP trailing 210*pipsize endif

1
2
3
4

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

Leo440
Participant

Topics: 1
Replies: 5
Been thanked: 1 time

04/24/2024 at 8:05 PM #231924

GraHal

Try this version also to se if you get the same problem / Rejection …

https://www.prorealcode.com/documentation/trailing/

1 user thanked author for this post.

Leo440

GraHal
Participant

Topics: 204
Replies: 8422
Been thanked: 2045 times

04/24/2024 at 11:31 PM #231927

JS

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)

1 user thanked author for this post.

Leo440

JS
Participant

Topics: 22
Replies: 1429
Been thanked: 559 times

04/24/2024 at 11:38 PM #231928

JS

“…your 120…” must be “…your 210″…

JS
Participant

Topics: 22
Replies: 1429
Been thanked: 559 times

04/25/2024 at 7:51 AM #231932

GraHal

Are you trading DFB Leo440

On UK DFB trading GBP/JPY pipsize = 1 … see attached.

GraHal
Participant

Topics: 204
Replies: 8422
Been thanked: 2045 times

04/25/2024 at 7:52 AM #231934

GraHal

Try …

if (my conditions) then buy PositionSize contract at market SET STOP trailing 210*ticksize endif

1
2
3
4

if (my conditions) then
buy PositionSize contract at market
SET STOP trailing 210*ticksize
endif

1 user thanked author for this post.

Leo440

GraHal
Participant

Topics: 204
Replies: 8422
Been thanked: 2045 times

04/25/2024 at 7:59 AM #231935

Leo440

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

new idea

if (my conditions) then buy PositionSize contract at market set stop $trailing 21000*positionsize endif

1
2
3
4

if (my conditions) then
buy PositionSize contract at market
set stop $trailing 21000*positionsize
endif

wish me luck!

Leo440
Participant

Topics: 1
Replies: 5
Been thanked: 1 time

05/02/2024 at 8:45 AM #232166

Leo440

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.

Leo440
Participant

Topics: 1
Replies: 5
Been thanked: 1 time
Author

Posts

Viewing 14 posts - 1 through 14 (of 14 total)

Find exclusive trading pro-tools on

Trailing stops rejected

1 user thanked author for this post.

1 user thanked author for this post.

1 user thanked author for this post.

1 user thanked author for this post.

1 user thanked author for this post.