Updated version of trailing SL

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  • 04/17/2024 at 9:46 PM #231636 quote
    JS
    Participant
    Senior

    Hi

    I know that the “Set Stop %Trailing” doesn’t work (yet) at IB (Interactive Brokers)…

    Somewhere in the code it says “//first move (breakeven)” but that “breakeven” doesn’t really happen because then the newSL=TradePrice(1)… What does happen (immediately) is that the trailing starts… I don’t know if you want this…

    04/17/2024 at 10:40 PM #231637 quote
    JS
    Participant
    Senior
    You can also use these types of trailing stops in combination with the “new trading instructions“ for example: Set Stop BreakEven, Set Target Price, Set Stop Price… With these instructions, you will avoid constantly placing “pending orders“… @Nicolas is the use of these “new trading instructions“ better than the use of the “pending“ variant, and by better I mean for example: better for the communication of the PRT servers with the broker? I can imagine that because it saves a lot of pending orders…
    04/18/2024 at 7:56 AM #231642 quote
    Nicolas
    Keymaster
    Master
    Indeed, that instructions are “better”.
    04/18/2024 at 11:30 AM #231657 quote
    JS
    Participant
    Senior
    Thanks Nicolas…. So it‘s fair to say that, for the “robustness“ of communication with the broker, it‘s better to use these new instructions in your system than the “pending“ variant…
    04/18/2024 at 8:11 PM #231672 quote
    Acivi90
    Participant
    New
    Okay, i am not that at codeing this, how should a good trailing stopp look like if i want 0.6% trailing from highest candel from start and when i am 0.6% profit i want the trailing to change start from 0.4% from highest candel.
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Updated version of trailing SL


ProOrder: Automated Strategies & Backtesting

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tob107 @tobias_bonnedahl Participant
Summary

This topic contains 19 replies,
has 3 voices, and was last updated by Acivi90
1 year, 9 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 08/18/2017
Status: Active
Attachments: No files
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