What is the calculation to move a stop with the SuperTrend line?

• 04/08/2016 at 4:03 PM #5102
  minmax

  Can anyone please help me with the code/formula to trail my stop into profit along with the SuperTrend line.

  I was hoping that ProRealtime would allow me to specify a level for my stop, (i.e. set stop loss 17000), but it looks like that isn’t possible.

  Regards

  Steve

  

  minmax

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  04/08/2016 at 5:17 PM #5111
  Nicolas

  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-st

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  defparam cumulateorders=false   //indi st = SuperTrend[3,10]   // case BUY IF close>st THEN BUY 1 LOT AT MARKET ENDIF   SET STOP TRAILING Close-st

   

  As you can see on the picture attached, the stoploss of the buy order is moving correctly with the supertrend line. Hope it helps.

  

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  04/11/2016 at 7:38 AM #5200
  minmax

  Thanks Nicolas, I’ve tried that, I get an error from the system that the trading system has to be stopped because it tried to put the stop at a negative level (but or sell both give the same error) Any ideas?

  If I make an indicator to show the position of the stop loss it will show the correct position, but if I try to use set stop trailing SuperTrend[3,10] then it sets the stop 7200 pips away, so it seems like the system is using some other value for SuperTrend?

  Regards

   

  Steve

  

  minmax

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  04/11/2016 at 8:09 AM #5202
  Nicolas

  If Close is above the supertrend and you are in buying conditions, this code should do the trick. But if you are using the same one for short orders, you’ll have negative values indeed! Because SuperTrend is above the price when you sell the instrument. You should use these lines instead in your code :

  IF LONGONMARKET THEN SET STOP TRAILING Close-st ENDIF IF SHORTONMARKET THEN SET STOP TRAILING st-Close ENDIF

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  IF LONGONMARKET THEN SET STOP TRAILING Close-st ENDIF   IF SHORTONMARKET THEN SET STOP TRAILING st-Close ENDIF

   

   

  

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  07/04/2017 at 8:24 AM #39744
  Seb

  Unfortunately this method of trailing stop is not effective when I try it:

  supertrend trailing stop

  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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  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

   

  

  Seb

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  07/04/2017 at 8:54 AM #39754
  Nicolas

  You can give a try to this method also: https://www.prorealcode.com/blog/learning/moving-stoploss-dynamic-informations-proorder/

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  Seb

  

  Nicolas

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