Widen stoploss overnight

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

  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

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

   

  

  robertogozzi

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

  Negative values do not work with a SET STOP.

  

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  08/10/2018 at 12:10 PM #77957
  Seb

  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.

  

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

  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.

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  Vonasi

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  08/10/2018 at 1:53 PM #77964
  Seb

  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?

  

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  08/10/2018 at 1:58 PM #77967
  GraHal

  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??

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