Backtest Long / Short Dependent Stop Loss

• 01/14/2021 at 11:35 AM #157791
  Roq

  Hi all & happy New Year!

  I know how to set different types of stop losses but what I want to do is to set conditional stop losses depending on whether the position is long or short.

  Sadly LONGONMARKET / SHORTONMARKET only seems to work in connection with opening positions not as part of say “IF LONGONMARKET SET” SL.

  Please let me know if a L/S dependent SL is possible.

  Many thanks

  Roq

   

  

  Roq

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  01/14/2021 at 11:53 AM #157796
  robertogozzi

  You can use conditional SL’s:

  IF LongOnMarket THEN SET STOP pLOSS 50 ELSIF ShortOnMarket THEN SET STOP pLOSS 40 ENDIF

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  IF LongOnMarket THEN    SET STOP pLOSS 50 ELSIF ShortOnMarket THEN    SET STOP pLOSS 40 ENDIF

  Bear in mind that ProOrder detects the OnMarket status when the entry candle closes, so you will remain On Market, for a whole candle withouit a stop loss.

  I suggest that you use:

  IF MyLongConditions THEN BUY 1 Contract AT Market SET STOP pLOSS 50 ELSIF MyShortConditions THEN SELLSHORT 1 Contract AT Market SET STOP pLOSS 40 ENDIF

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  IF MyLongConditions THEN    BUY 1 Contract AT Market    SET STOP pLOSS 50 ELSIF MyShortConditions THEN    SELLSHORT 1 Contract AT Market    SET STOP pLOSS 40 ENDIF

  Moreover, the last SET STOP pLOSS executed overrides any prior setting for all open positions.

   

  2 users thanked author for this post.

  Roq, Nicolas

  

  robertogozzi

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  01/14/2021 at 4:46 PM #157855
  Roq

  Thank you so much Roberto!

  

  Roq

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  03/07/2021 at 6:35 PM #163378
  Guyber

  Merci pour votre solution.

  Thanks for your solution.

  

  Guyber

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  03/07/2021 at 7:08 PM #163379
  Vonasi

  Guyber – Welcome to the forums.

  Please follow the forum rules when posting in the forums.

  • Only post in the language of the forum that you are posting in. For example English only in the English speaking forums and French only in the French speaking forums.

  

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