use of GRAPHONPRICE with a STOP %TRAILING

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  • 01/24/2025 at 4:39 PM #243068 quote
    oliTR
    Participant
    New

    Hello,

    is it possible to use GRAPHONPRICE with instruction such as  a STOP %TRAILING ?

    Thanks

    01/24/2025 at 5:29 PM #243073 quote
    Iván González
    Moderator
    Master

    Hello. You should create a trail stop variable and from there you could even play with the transparency so that it only draws when you are inside the operation. Here is an example 

    sma=average[50,0](close)
// This will control the STOP LOSS transparency
if not onmarket then
transparency=0 //transparency
else
transparency=255
endif
// Long Trades
if not onmarket and close crosses over sma then
stopLoss=close-2*averagetruerange[14](close)
targetProf=close+2*(-stopLoss+close)
buy 1 contracts at market
endif

set stop price stopLoss
set target price targetProf

graphonprice stopLoss coloured(255,0,0,transparency)
    fifi743 and oliTR thanked this post
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use of GRAPHONPRICE with a STOP %TRAILING


ProOrder: Automated Strategies & Backtesting

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oliTR @olitr Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by Iván González
1 year, 1 month ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 01/24/2025
Status: Active
Attachments: No files
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