Stoploss and breakeven not working.

• 09/03/2019 at 6:05 PM #106387
  Manuel Aboy

  Hello guys, I would appreciate some help as I have a strategy that works fine when I do a backtest but it fails on live market. For some reason out of my knowledge the stoploss order at breakeven doesnt work. In the attached files, picture 1 shows how the order closed once it touched the stoploss at breakeven. But, in picture 2, the long trade is still ongoing in real market. Thank you very much for your help. Regards Manuel

  Breakeven stop loss doesnt work

  DEFPARAM CumulateOrders = false // Acumulación de posiciones desactivada media=30 //average to use units=5 //units to buy or sell takeprofit = 100 //takeprofit in points stoploss = 100 //stoploss in points BreakevenAt = 25 //percent achieved of target to move stop to entry (breakeven) PointsToKeep = 1 //how much points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) // Condiciones para entrada de posiciones largas indicator1 = ExponentialAverage[media](close) indicator2 = ExponentialAverage[media*2](close) c1 = (indicator1 > indicator2) indicator3 = ExponentialAverage[media*2](close) c2 = (close < indicator3) IF c1 AND c2 THEN BUY units CONTRACT AT MARKET SET STOP pTRAILING stoploss ENDIF // Condiciones de entrada de posiciones cortas indicator6 = ExponentialAverage[media](close) indicator7 = ExponentialAverage[media*2](close) c4 = (indicator6 < indicator7) indicator8 = ExponentialAverage[media*2](close) c5 = (close > indicator8) IF c4 AND c5 THEN SELLSHORT units CONTRACT AT MARKET SET STOP pTRAILING stoploss ENDIF //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF startBreakeven = takeprofit*(BreakevenAt/100)//how much points in gain to activate the breakeven function // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF LONGONMARKET AND breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF // --- SELL SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF SHORTONMARKET AND tradeprice(1)-close>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF SHORTONMARKET AND breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP ENDIF graphonprice breakevenlevel as "Breakeven"

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  DEFPARAM CumulateOrders = false // Acumulación de posiciones desactivada   media=30             //average to use units=5              //units to buy or sell takeprofit = 100     //takeprofit in points stoploss = 100       //stoploss in points BreakevenAt = 25     //percent achieved of target to move stop to entry (breakeven) PointsToKeep = 1     //how much points to keep in profit above of below our entry price when the breakeven is activated (beware of spread)   // Condiciones para entrada de posiciones largas indicator1 = ExponentialAverage[media](close) indicator2 = ExponentialAverage[media*2](close) c1 = (indicator1 > indicator2) indicator3 = ExponentialAverage[media*2](close) c2 = (close < indicator3)   IF c1 AND c2 THEN BUY units CONTRACT AT MARKET SET STOP pTRAILING stoploss ENDIF   // Condiciones de entrada de posiciones cortas indicator6 = ExponentialAverage[media](close) indicator7 = ExponentialAverage[media*2](close) c4 = (indicator6 < indicator7) indicator8 = ExponentialAverage[media*2](close) c5 = (close > indicator8)   IF c4 AND c5 THEN SELLSHORT units CONTRACT AT MARKET SET STOP pTRAILING stoploss ENDIF   //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF   startBreakeven =  takeprofit*(BreakevenAt/100)//how much points in gain to activate the breakeven function   // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF   //place the new stop orders on market at breakevenLevel IF LONGONMARKET AND breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF   // --- SELL SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF SHORTONMARKET AND tradeprice(1)-close>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep*pipsize ENDIF   //place the new stop orders on market at breakevenLevel IF SHORTONMARKET AND breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP ENDIF   graphonprice breakevenlevel as "Breakeven"

   

  

  Manuel Aboy

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  09/03/2019 at 6:07 PM #106390
  Manuel Aboy

  Sorry, forgot to attach the pictures.

  

  Manuel Aboy

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  09/03/2019 at 6:43 PM #106396
  Vonasi

  What you are doing wrong is posting in the wrong forum and not giving your topic a meaningful title! 🙂

  I will move it to the ProOrder forum as it is a strategy question. I will also give it a more meaningful title than ‘What am I doing wrong?’

  

  Vonasi

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  09/03/2019 at 6:53 PM #106402
  Manuel Aboy

  You are right. Sorry about that.
  The topic reflects my frustration but it doesn’t help other users to identify what the question is about.
  Thanks

  

  Manuel Aboy

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  09/04/2019 at 10:35 AM #106454
  robertogozzi

  Unfortunately your pics don’t show the date and time when the trade entered, so I cannot find them to replicate your situation.

   

  

  robertogozzi

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  09/04/2019 at 12:22 PM #106476
  Manuel Aboy

  Entry on DAX, yesterday 03/09/19 at 10 am. See attached picture for more details.

  The black point show where the trade should have closed.

  Regards

  Manuel

  

  Manuel Aboy

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  09/04/2019 at 2:11 PM #106491
  Manuel Aboy

  Hi,

  I have been working on a coded version for a trailing stop without using SET STOP pTRAILING. Unfortunately, results are not the same.

  I would appreciate if anyone can help to code a trailing stop which that the same that my original code.

  Option 1: original code using SET STOP pTRAILING

  Option1: Using SET STOP pTRAILING

  DEFPARAM CumulateOrders = false // Acumulación de posiciones desactivada media=30 //average to use units=5 //units to buy or sell takeprofit = 100 //takeprofit in points stoploss = 100 //stoploss in points BreakevenAt = 25 //percent achieved of target to move stop to entry (breakeven) PointsToKeep = 1 //how much points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) // Condiciones para entrada de posiciones largas indicator1 = ExponentialAverage[media](close) indicator2 = ExponentialAverage[media*2](close) c1 = (indicator1 > indicator2) indicator3 = ExponentialAverage[media*2](close) c2 = (close < indicator3) IF c1 AND c2 THEN BUY units CONTRACT AT MARKET SET STOP pTRAILING stoploss ENDIF // Condiciones de entrada de posiciones cortas indicator6 = ExponentialAverage[media](close) indicator7 = ExponentialAverage[media*2](close) c4 = (indicator6 < indicator7) indicator8 = ExponentialAverage[media*2](close) c5 = (close > indicator8) IF c4 AND c5 THEN SELLSHORT units CONTRACT AT MARKET SET STOP pTRAILING stoploss ENDIF //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF startBreakeven = takeprofit*(BreakevenAt/100)//how much points in gain to activate the breakeven function // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF LONGONMARKET AND breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF // --- SELL SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF SHORTONMARKET AND tradeprice(1)-close>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF SHORTONMARKET AND breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP ENDIF graphonprice breakevenlevel as "Breakeven"

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  DEFPARAM CumulateOrders = false // Acumulación de posiciones desactivada   media=30             //average to use units=5              //units to buy or sell takeprofit = 100     //takeprofit in points stoploss = 100       //stoploss in points BreakevenAt = 25     //percent achieved of target to move stop to entry (breakeven) PointsToKeep = 1     //how much points to keep in profit above of below our entry price when the breakeven is activated (beware of spread)   // Condiciones para entrada de posiciones largas indicator1 = ExponentialAverage[media](close) indicator2 = ExponentialAverage[media*2](close) c1 = (indicator1 > indicator2) indicator3 = ExponentialAverage[media*2](close) c2 = (close < indicator3)   IF c1 AND c2 THEN BUY units CONTRACT AT MARKET SET STOP pTRAILING stoploss ENDIF   // Condiciones de entrada de posiciones cortas indicator6 = ExponentialAverage[media](close) indicator7 = ExponentialAverage[media*2](close) c4 = (indicator6 < indicator7) indicator8 = ExponentialAverage[media*2](close) c5 = (close > indicator8)   IF c4 AND c5 THEN SELLSHORT units CONTRACT AT MARKET SET STOP pTRAILING stoploss ENDIF   //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF   startBreakeven =  takeprofit*(BreakevenAt/100)//how much points in gain to activate the breakeven function   // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF   //place the new stop orders on market at breakevenLevel IF LONGONMARKET AND breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF   // --- SELL SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF SHORTONMARKET AND tradeprice(1)-close>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep*pipsize ENDIF   //place the new stop orders on market at breakevenLevel IF SHORTONMARKET AND breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP ENDIF   graphonprice breakevenlevel as "Breakeven"

  Option 2: new code without using SET STOP pTRAILING

  Option 2

  DEFPARAM CumulateOrders = false // Acumulación de posiciones desactivada media= 30 //average to use units= 5 //units to buy or sell stoploss = 100 //initial stoploss in points trailingstart = 25 //trailing will start @trailinstart points profit trailingstep = 100 //trailing step to move the stoploss pointstokeep = 5 //how much points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) // Condiciones para entrada de posiciones largas indicator1 = ExponentialAverage[media](close) indicator2 = ExponentialAverage[media*2](close) c1 = (indicator1 > indicator2) indicator3 = ExponentialAverage[media*2](close) c2 = (close < indicator3) IF c1 AND c2 THEN BUY units CONTRACT AT MARKET ENDIF // Condiciones de entrada de posiciones cortas indicator6 = ExponentialAverage[media](close) indicator7 = ExponentialAverage[media*2](close) c4 = (indicator6 < indicator7) indicator8 = ExponentialAverage[media*2](close) c5 = (close > indicator8) IF c4 AND c5 THEN SELLSHORT units CONTRACT AT MARKET ENDIF //reset the stoploss value IF NOT ONMARKET THEN newSL=0 InitialSL=0 ENDIF //manage long positions IF LONGONMARKET THEN IF InitialSL = 0 THEN InitialSL = tradeprice(1) - stoploss*pipsize Endif //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+pointstokeep*pipsize ENDIF //next moves IF newSL>0 AND high-newSL>=trailingstep*pipsize THEN newSL = high - trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN IF InitialSL = 0 THEN InitialSL = tradeprice(1) + stoploss*pipsize Endif //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-pointstokeep*pipsize ENDIF //next moves IF newSL>0 AND newSL-low>=trailingstep*pipsize THEN newSL = low + trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF onmarket and newSL=0 then SELL AT InitialSL STOP EXITSHORT AT InitialSL STOP ENDIF IF onmarket and newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF Graphonprice InitialSL coloured (220,100,100)as "Initial SL" Graphonprice newSL as "Trailing SL"

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  DEFPARAM CumulateOrders = false // Acumulación de posiciones desactivada   media= 30              //average to use units= 5               //units to buy or sell stoploss = 100         //initial stoploss in points trailingstart = 25    //trailing will start @trailinstart points profit trailingstep  = 100    //trailing step to move the stoploss pointstokeep = 5       //how much points to keep in profit above of below our entry price when the breakeven is activated (beware of spread)   // Condiciones para entrada de posiciones largas indicator1 = ExponentialAverage[media](close) indicator2 = ExponentialAverage[media*2](close) c1 = (indicator1 > indicator2) indicator3 = ExponentialAverage[media*2](close) c2 = (close < indicator3)   IF c1 AND c2 THEN BUY units CONTRACT AT MARKET ENDIF   // Condiciones de entrada de posiciones cortas indicator6 = ExponentialAverage[media](close) indicator7 = ExponentialAverage[media*2](close) c4 = (indicator6 < indicator7) indicator8 = ExponentialAverage[media*2](close) c5 = (close > indicator8)   IF c4 AND c5 THEN SELLSHORT units CONTRACT AT MARKET ENDIF   //reset the stoploss value IF NOT ONMARKET THEN newSL=0 InitialSL=0 ENDIF   //manage long positions IF LONGONMARKET THEN IF InitialSL = 0 THEN InitialSL = tradeprice(1) - stoploss*pipsize Endif //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+pointstokeep*pipsize ENDIF //next moves IF newSL>0 AND high-newSL>=trailingstep*pipsize THEN newSL = high - trailingstep*pipsize ENDIF ENDIF   //manage short positions IF SHORTONMARKET THEN IF InitialSL = 0 THEN InitialSL = tradeprice(1) + stoploss*pipsize Endif //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-pointstokeep*pipsize ENDIF //next moves IF newSL>0 AND newSL-low>=trailingstep*pipsize THEN newSL = low + trailingstep*pipsize ENDIF ENDIF   //stop order to exit the positions IF onmarket and newSL=0 then SELL AT InitialSL STOP EXITSHORT AT InitialSL STOP ENDIF   IF onmarket and newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF     Graphonprice InitialSL coloured (220,100,100)as "Initial SL" Graphonprice newSL as "Trailing SL"

   

  

  Manuel Aboy

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  09/04/2019 at 2:49 PM #106495
  robertogozzi

  The trade you mentioned closed as due at the breakeven level your code calculated.

  

  robertogozzi

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  09/04/2019 at 3:29 PM #106505
  Manuel Aboy

  In a backtest YES, but in real market it doesnt work.

  Picture 1 shows the same results than you. Trade closed at breakeven.

  Picture 2 shows how the trade is still ongoing and the stop loss at breakeven was not respected.

   

  

  Manuel Aboy

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  09/05/2019 at 8:19 AM #106547
  robertogozzi

  I cannot replicate the live trade, but trying to figure out what the reason could have bean, the only issue could have been having a breakevenlevel price too close to the closing price when the pending stop order is placed. But it isn’t, the difference was about 14 pips and I don’t think there could have been such a high requirement at that time, unless there were some scheduled incoming news that might have increased volatility and the broker might have raised the distance requirements to a much higher value.

  I can’t think of anything else.

  I suggest that you hit Ctrl+M from the platform and send a request for assistance with the above details.

   

  

  robertogozzi

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