Translation of Set stop ploss x ptrailing y

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02/23/2021 at 2:42 PM #162443 quote
Guibourse
Participant

Average
Hi all,

Is it possible to translate this command into a manual code :
```
Set stop ploss x ptrailing y
```
Because it cannot run in real time.
Thanks a lot
02/23/2021 at 3:30 PM #162447 quote
Nicolas
Keymaster

Legend
Use
```
Set stop ploss x
```
and one of the soft trailing stop code available in forums and in the library.
02/24/2021 at 6:31 PM #162540 quote

Guibourse
Participant

Average

Are you sure it would replace it ? This instruction is doing : “A stop loss is placed at x points from average position price and it becomes a trailing stop of y points if the trailing stop level becomes closer to current price than the stop loss level (this occurs price varies favourably by y points – x points)”

Because I wasn’t able to get the same results with a classic stop loss and a soft trailing stop code. I tried to do so before asking and failed.

Could you tell me what to do in the attached code, found in https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/

please ? With x = 27 and y =5 for example.

Thanks you !

trailing-stop.itf

02/26/2021 at 9:13 AM #162666 quote

Nicolas
Keymaster

Legend

No, it will not do the same. The “set stop trailing” is a trailing stop attached to the order and handle by IG, not by the code, so it can move during a candle, while it is not the same with code read only once per bar.

If you want to use the trailing stop function from the blog, just add a “set stop loss” instruction to attach a stoploss to your orders before the trailing stop can start.

With this code, the trailing stop start when

trailingstart is >= 20 points

with a moving step of

trailingstep = 5

02/26/2021 at 10:53 AM #162671 quote
Guibourse
Participant

Average
Ok thank you very much, I am indeed with IG. I understand that the code has to during a candle. I’ve done what you told me to do, but something goes wrong …under the “>=” function a red wave appears (impossible to run). Do you know why ?
```
IF c3 AND c4 THEN
SELL AT MARKET
ENDIF
// Stops et objectifs
Set stop ploss 27


//************************************************************************
//trailing stop function
trailingstart => 20 //trailing will start @trailinstart points profit
trailingstep = 5 //trailing step to move the "stoploss"
```
Capture-decran-2021-02-26-a-10.51.39.png
02/26/2021 at 1:10 PM #162681 quote

Vonasi
Moderator

Master

=> is not allowed.

You must use >=

02/26/2021 at 1:48 PM #162684 quote

Guibourse
Participant

Average

No, unfortunately, the result is the same 🙁

Capture-decran-2021-02-26-a-13.47.44.png

02/26/2021 at 2:07 PM #162686 quote

robertogozzi
Moderator

Legend

If you want to assign a value to a variable you can only use =.
If you want to test a logical condition you need to either assign it to a variable or use it with IF…ENDIF or WHILE…WEND.

ProOrder wants to know what to do with TRAILINGSTART.

02/26/2021 at 4:24 PM #162688 quote

Guibourse
Participant

Average

Right, thank you, I changed that and it seems to be accepted. Since, the result is not the same as with Stop ploss 27 ptrailing 5… 🙁

The IG spread is 2.5p on average here so I put it in both backtests, maybe this information could change the variables Nicolas told me to set ? (start : “=>22” and “step : 5”) ?

Thank you so much for your help.

Capture-decran-2021-02-26-a-16.18.04.png Capture-decran-2021-02-26-a-16.22.40.png

02/26/2021 at 4:33 PM #162691 quote

robertogozzi
Moderator

Legend

If it works well… that’s fine, but I fear it won’t most of the times, because you assign variable a a logical value, 0 or 1, so the trailing will start after 0 or 1 pip at most…. which would lead, sooner or later, to not respecting the minimum distance for stop orders required by the broker.

Backtests may work, but when running on a demo account it is to be verified.

02/26/2021 at 4:36 PM #162692 quote

robertogozzi
Moderator

Legend

Nicolas suggested to use a value => 20, not to use “>=” as a relational operator!
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