What is the calculation to move a stop with the SuperTrend line?
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Of course it is already possible to set a trailing stop on an indicator line, just like the SuperTrend. You have to define the distance between the Close and the indicator to reflect the new stop at each bar, like a dynamic stoploss.
Example :
defparam cumulateorders=false //indi st = SuperTrend[3,10] // case BUY IF close>st THEN BUY 1 LOT AT MARKET ENDIF SET STOP TRAILING Close-stAs you can see on the picture attached, the stoploss of the buy order is moving correctly with the supertrend line. Hope it helps.
Unfortunately this method of trailing stop is not effective when I try it:
defparam cumulateorders=false st = SuperTrend[3,10] IF close crosses over st THEN BUY 1 LOT AT MARKET ENDIF IF LONGONMARKET THEN SET STOP TRAILING Close - st ENDIF IF close crosses under st THEN Sellshort 1 LOT AT MARKET ENDIF IF SHORTONMARKET THEN SET STOP TRAILING st - Close ENDIF
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Topic Details
| Forum: | ProOrder: Automated Strategies & Backtesting |
| Language: | English |
| Started: | 04/08/2016 |
| Status: | Active |
| Attachments: | 2 files |
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