Widen stoploss overnight

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  • 08/10/2018 at 11:22 AM #77953 quote
    robertogozzi
    Moderator
    Master

    You can or cannot use ABS, it depends on your coding style. Look at this code, the most widely used for trailing stops https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/.

    To check if the current price has reached your trailing stop treshold you can (but the above example is complete and perfectly working AS IS) write:

    // for LONG trades
IF TRADEPRICE - close >= MyTreshold THEN
   .
   .
ENDIF

// for SHORT trades
IF close - TRADEPRICE >= MyTreshold THEN
   .
   .
ENDIF

     

    08/10/2018 at 11:25 AM #77954 quote
    Vonasi
    Moderator
    Master

    Negative values do not work with a SET STOP.

    08/10/2018 at 12:10 PM #77957 quote
    Seb
    Participant
    Average

    Alright, so you can only trail to break-even with a SET STOP type stoploss. Than I will try to find out what’s causing the strange overnight behavior with the stops as described in my first post.

    08/10/2018 at 12:59 PM #77962 quote
    Vonasi
    Moderator
    Master

    Also do not forget that if you send an order to the market that is too close to the price then the order will be rejected. You need to consider the minimum allowed stop distance for whatever instrument you are trading and include something in your code to ensure you never try to place an order that is under it.

    Seb thanked this post
    08/10/2018 at 1:53 PM #77964 quote
    Seb
    Participant
    Average

    I experienced that if it tries to put in a stoploss and the current price is beyond the stoploss level, the position closes at market (with IG CFD). Stops too close indeed got rejected. Will this shut the system down after too many rejections?

    08/10/2018 at 1:58 PM #77967 quote
    GraHal
    Participant
    Master
    Seb wrote:
    Will this shut the system down after too many rejections?

    Yes, after 12 rejections, you are closed down on the 13th I think?

    Not sure if there is a time limit on that, like > 12 rejections within 1 week etc??

    Seb thanked this post
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Widen stoploss overnight


ProOrder: Automated Strategies & Backtesting

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Seb @seb Participant
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This topic contains 20 replies,
has 4 voices, and was last updated by GraHal
7 years, 6 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 08/09/2018
Status: Active
Attachments: 1 files
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