Trigger Trailing SL if target is met

• 07/30/2022 at 5:33 PM #198152
  Mr.Mjau

  Hi

  I now use this in one of my programs

  SET TARGET pPROFIT 425

  Is there a way to make it so if 425 is hit my position is not sold but a trailing stoploss kicks in?

  

  Mr.Mjau

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  07/31/2022 at 3:50 PM #198215
  robertogozzi

  Simlply remove SET TARGET pPROFIT 425 and append this code snippet to your strategy. You only need to set the TRAILINGSTART (I set it to 425 as you rquested) and the TRAILINGSTEP (the pace at which the trailing stop will be updated):

  Nicolas'code

  //********************************************************************************* // https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/ // (lines 17- 56) // //trailing stop function trailingstart = 425 //trailing will start @trailinstart points profit trailingstep = 5 //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 moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF 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 moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //*********************************************************************************

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  //********************************************************************************* // https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/ // (lines 17- 56) // //trailing stop function trailingstart = 425   //trailing will start @trailinstart points profit trailingstep  = 5     //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 moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN   newSL = newSL+trailingstep*pipsize ENDIF 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 moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN   newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //*********************************************************************************

   

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  robertogozzi

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  08/01/2022 at 10:56 AM #198266
  Mr.Mjau

  Tank you Roberto for your fast answer.

  I have put in the code in one of my long robots and one of my short, but the results I get from backtesting makes no sence. For example changing the trailingstep from 5 to 6 could change the backtesting results by 40% and that is just not possible with such a small change, I trade the DAX and 1 piont is nothing. Every number I used as trailingstop gave a worse result the just useing target profit. I even tried to set trailingstep to 0 to see if I would get the same results as just “SET TARGET pPROFIT 425” and it did not give the same result.

  If you have any ide where I went wrong it would be much appreciated.

  

  Mr.Mjau

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  08/01/2022 at 11:48 AM #198276
  GraHal

  Optimise the start and the step using …

  Start:    min 25  max 500 increment 25

  Step   min 10 max 100 increment 10

  Tell us how you get on

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  GraHal

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  08/01/2022 at 4:58 PM #198299
  Mr.Mjau

  Tried both my short and long with alot of different numbers. My short gave great results where all test improved backtesting with 5-10%, but the long gives alot of strange numbers.

  Made a matrix in excel and attached

   

  

  Mr.Mjau

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  08/01/2022 at 6:07 PM #198306
  Mr.Mjau

  EXITSHORT AT MARKET ENDIF // Stops and targets SET STOP pLOSS 165 //trailing stop function trailingstart = 405 //trailing will start @trailinstart points profit trailingstep = 30 //trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 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 moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN EXITSHORT AT newSL STOP ENDIF

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  EXITSHORT AT MARKET ENDIF   // Stops and targets SET STOP pLOSS 165 //trailing stop function trailingstart = 405   //trailing will start @trailinstart points profit trailingstep  = 30     //trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 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 moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN EXITSHORT AT newSL STOP ENDIF

  SELL AT MARKET ENDIF // Stops and targets trailingstart = 425 //trailing will start @trailinstart points profit trailingstep = 25 //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 moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP ENDIF

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  SELL AT MARKET ENDIF // Stops and targets trailingstart = 425   //trailing will start @trailinstart points profit trailingstep  = 25     //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 moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF   //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP ENDIF

  The first one is my short that is working fine, and the second one is my long that I have problems with.

  

  Mr.Mjau

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  08/01/2022 at 6:49 PM #198310
  GraHal

  You still have SET STOP pLOSS 165 in yuor Short so how do you know exits are not due to SET STOP pLOSS 165?

  It is quite time consuming going over trades and only yourself will have the motivation.

  Enter as a  last line of code …

  GRAPH newSL as “trailing”

  and try and work out what is happening re exits … zoom in 1 or 2 trades and look at price levels together with the line for NewSL and fit it altogether in your mind … it can be interesting and enlightening! 🙂

   

   

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  GraHal

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  08/01/2022 at 7:08 PM #198312
  Mr.Mjau

  Yes this is really fun, and having you guys help is priceless. I have one more Q before I dive deep in grafs and numbers, that is close to my other Q.

  I have this 3th robot that end like this

  // Conditions to exit long positions indicator3 = ExponentialAverage[20](close) indicator4 = ExponentialAverage[100](close) c2 = (indicator3[2] CROSSES OVER indicator4[2]) IF c2 THEN SELL AT MARKET ENDIF // Stops and targets SET STOP pLOSS 500

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  // Conditions to exit long positions indicator3 = ExponentialAverage[20](close) indicator4 = ExponentialAverage[100](close) c2 = (indicator3[2] CROSSES OVER indicator4[2])   IF c2 THEN SELL AT MARKET ENDIF   // Stops and targets SET STOP pLOSS 500

  Is there some way to make c2 to not trigger a “sell at market” but to trigger a Trailing stoploss?

  

  Mr.Mjau

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  08/01/2022 at 7:26 PM #198313
  Mr.Mjau

  at the c2 level, (sry)

  

  Mr.Mjau

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  08/01/2022 at 8:30 PM #198319
  robertogozzi

  You cannot have twice the same code, as it’s read sequentially and the second one will override the first one.

   

  

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  08/01/2022 at 8:30 PM #198320
  GraHal

  Try this …

  If c2 Then // Stops and targets trailingstart = 425 //trailing will start @trailinstart points profit trailingstep = 25 //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 moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP ENDIF Endif

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  If c2 Then // Stops and targets trailingstart = 425   //trailing will start @trailinstart points profit trailingstep  = 25     //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 moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP ENDIF Endif

   

  

  GraHal

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  08/01/2022 at 8:56 PM #198322
  Mr.Mjau

  Tank you for taking your time to help me. In this one I’m not intrested in 425 starting point, but would like it to start trailing at c2. Would this work, just changing 425 to c2?

  If c2 Then // Stops and targets trailingstart = c2 //trailing will start @trailinstart points profit trailingstep = 25 //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 moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP ENDIF Endif

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  If c2 Then // Stops and targets trailingstart = c2 //trailing will start @trailinstart points profit trailingstep  = 25     //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 moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP ENDIF Endif

   

  

  Mr.Mjau

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  08/01/2022 at 9:12 PM #198323
  GraHal

  Mr.Mjau wrote:

  Would this work, just changing 425 to c2?

  No, because C2 can only be True / 1 or False / 0.  You can’t put 1 or 0 in place of 425.

  c2 = (indicator3[2] CROSSES OVER indicator4[2])

  1. If  indicator3[2] CROSSES OVER indicator4[2]  then C2 = True / 1.
  2. If indicator3[2] CROSSES OVER indicator4[2] does NOT occur then C2 = False / 0.

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  08/02/2022 at 10:37 AM #198333
  Mr.Mjau

  Ok ,but how would I then go about if I want a trailing stop to start at just that level where  indicator3<span class=”crayon-o”>[</span><span class=”crayon-cn”>2</span><span class=”crayon-o”>]</span> <span class=”crayon-st”>CROSSES OVER</span> indicator4<span class=”crayon-o”>[</span><span class=”crayon-cn”>2</span><span class=”crayon-o”>]? Is it possible to  store this value in a constant that I can later use in “trailingstarts?</span>

  

  Mr.Mjau

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  08/02/2022 at 10:46 AM #198334
  GraHal

  Mr.Mjau wrote:

  I want a trailing stop to start at just that level

  To achieve above, I provided you with the code in the post below

  https://www.prorealcode.com/topic/trigger-trailing-sl-if-target-is-met/#post-198320

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