Alternative To Trailing Stop function

• 01/01/2019 at 5:43 PM #87830
  smokingfox

  I have been using the trailing stop function, “ptrailing X” in probuilder.

  what i have found when i launched my strategy in live is that i had set X to a value less than the minimum stop distance.In this case it was for EURUSD which has a min stop distance of 10 and my system was using 6. The automated trading system automatically adjusted my trailing stops to be set at a distance of 10. I stopped the system and backtested basis 10 and my results are alot worse.

  I have been trying to find if there is an equivalent function / script i can use which creates the same effect of having a trailing stop in order to exit the position. i tried using some code i found related to MFE/MAE but this hasnt yielded the same results.

   

  any help appreciated.

  

  smokingfox

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  01/01/2019 at 6:45 PM #87834
  Vonasi

  There are many different trailing stop codes posted in these forums. I would try putting ‘trailing stop’ in the search box and see what comes up such as this:

  https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/

  Minimum stop distances can be an issue and there was a recent discussion regarding it here:

  https://www.prorealcode.com/topic/pro-order-big-defect/

  I’m not sure if it has been concluded or whether the issue was due to being on a limited risk account but maybe this is similar to your issue. On a separate note – in my experience running very close stop losses will never result in a profitable strategy.

   

  

  Vonasi

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  01/02/2019 at 11:37 AM #87862
  Nicolas

  Many trailing stop script are available on the website. You can find different kind in the snippet link library that our members are keeping up to date: https://docs.google.com/spreadsheets/d/1rgboqj7sVwsP9ZRhOduOefye48QMWC07jWVXCl-KJPU/edit#gid=0

  

  Nicolas

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  01/03/2019 at 12:37 PM #87934
  smokingfox

  many thanks Vonasi and Nicolas. i have found some good threads on the topic and will add to these with any input or questions i have.

  

  smokingfox

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