Breakeven & Trailing Stop (fixed)

• 06/19/2019 at 9:36 AM #101015
  Luce

  Hi Paul – I wonder wether you can help here.

  I’ve got this far, can you advise on the next step..?

  I’ve coded the below as far as I can get but seem to be just missing one minor detail! I’m Still working on a way to combine a trailing STOP with a trailing STEP that becomes a fixed STOP – i.e Trade is a buy open with a 10pt stop, if it moves 2 up, your stop is now 8, if it moves another 2, it’s now 6 but when it gets to 10, so break even on a 1-1, it becomes fixed. Currently I only get a trailing to stop at breakeven, so still risking the full 10.

  // Conditions to enter long positions DEFPARAM CumulateOrders = False // Cumulating positions deactivated positionsize=2 // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 080000 timeEnterBefore = time >= noEntryBeforeTime // Conditions to enter long positions indicator1 = SuperTrend[2.1,21] c1 = (close CROSSES OVER indicator1) IF c1 AND timeEnterBefore THEN BUY positionsize contract AT MARKET SET STOP pLOSS 13 ENDIF // Conditions to exit long positions indicator2 = SuperTrend[2.1,21] c2 = (close CROSSES UNDER indicator2) IF c2 THEN SELL AT MARKET ENDIF // Conditions to enter short positions indicator3 = SuperTrend[2.1,21] c3 = (close CROSSES UNDER indicator3) IF c3 AND timeEnterBefore THEN SELLSHORT positionsize contract AT MARKET SET STOP pLOSS 13 ENDIF // Conditions to exit short positions indicator4 = SuperTrend[2.1,21] c4 = (close CROSSES OVER indicator4) IF c4 THEN EXITSHORT AT MARKET ENDIF //************************************************************************ //trailing stop function trailingstart = 10 //trailing will start @trailinstart points profit trailingstep = 0 //trailing step to move the “stoploss” //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //************************************************************************ GRAPH newSL as “trailing”

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  // Conditions to enter long positions DEFPARAM CumulateOrders = False // Cumulating positions deactivated positionsize=2   // Prevents the system from creating new orders to enter the market or increase position size before the specified time   noEntryBeforeTime = 080000   timeEnterBefore = time >= noEntryBeforeTime   // Conditions to enter long positions   indicator1 = SuperTrend[2.1,21]   c1 = (close CROSSES OVER indicator1)   IF c1 AND timeEnterBefore THEN   BUY positionsize contract AT MARKET SET STOP pLOSS 13   ENDIF   // Conditions to exit long positions   indicator2 = SuperTrend[2.1,21]   c2 = (close CROSSES UNDER indicator2)   IF c2 THEN   SELL AT MARKET   ENDIF   // Conditions to enter short positions   indicator3 = SuperTrend[2.1,21]   c3 = (close CROSSES UNDER indicator3)   IF c3 AND timeEnterBefore THEN   SELLSHORT positionsize contract AT MARKET SET STOP pLOSS 13   ENDIF   // Conditions to exit short positions   indicator4 = SuperTrend[2.1,21]   c4 = (close CROSSES OVER indicator4)   IF c4 THEN   EXITSHORT AT MARKET   ENDIF   //************************************************************************ //trailing stop function trailingstart = 10 //trailing will start @trailinstart points profit trailingstep = 0 //trailing step to move the “stoploss”   //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF   //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF   //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF   //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //************************************************************************   GRAPH newSL as “trailing”

   

  

  Luce

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  06/19/2019 at 9:54 AM #101018
  Luce

  I’m sure it’s a simple add in but just can’t seem to work it out..!!

  

  Luce

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  06/19/2019 at 9:58 AM #101021
  robertogozzi

  To write code, please use the <> “insert PRT code” button, to make code easier to read.

  Thank you.

   

  

  robertogozzi

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  06/19/2019 at 9:59 AM #101022
  robertogozzi

  I created another topic since this one has nothing to do with the original post, it’s a completely different code.

  Who’s the PAUL you are referring to?

  

  robertogozzi

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  06/19/2019 at 10:05 AM #101023
  robertogozzi

  As to what you asked, you may search the forum, but I think all code snippets/examples deal with breakeven first, not really a true trailing stop!

  So what you want is to trail stop loss until breakeven, then leave it fixed till the next trade, is that correct?

   

  

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  06/19/2019 at 10:14 AM #101025
  Vonasi

  Luce – you have posted an identical question here:

  https://www.prorealcode.com/topic/hard-coded-stop-loss-becoming-trailing-stop-loss/#post-101013

  One of the forum rules is that you do not double post as it leads to wasted effort and time for those trying to answer you.

  Please refrain from double posting in future.

  

  Vonasi

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  06/19/2019 at 10:27 AM #101027
  Luce

  Hi Roberto

  Yes basically – I have managed to code it so it trails to the 10 point target point which then becomes fixed, that part is now fine.

  What I’m trying to achieve however is whilst it is reaching the trailing stop target (10) it steps up by 2 each time until it reaches the target. So, you enter the trade, you have a trailing stop for 10 but it triggers immediately by a step of 2 if it moves in your favour by 2, then this becomes 8. If it moves another 2 then the target is now 6. It it moves another 2 the target is now 4 etc until it hits 10, and then it ALL stops and the stop is now fixed.

  Does that make sense..?

  

  Luce

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  06/19/2019 at 10:52 AM #101029
  robertogozzi

  This is the trailing stop updated so that it doesn’t move once at breakeven, you’ll have to add a further value, InitialSL which must be the same one used throughout the code (13 in your case):

  Trailing Stop till Breakeven

  //************************************************************************ // trailing stop function (fixed after breakeven) //reset the stoploss value IF NOT ONMARKET THEN trailingstart = 6 //6 trailing will start @trailinstart points profit trailingstep = 2 //2 trailing step to move the "stoploss" initialSL = 13 //13 initial SL when a trade is entered newSL = 0 ENDIF //manage long positions IF LONGONMARKET THEN CurrentProfit = close - tradeprice(1) //first move IF newSL = 0 AND CurrentProfit >= (trailingstart * pipsize) THEN newSL = tradeprice(1) + (trailingstep * pipsize) - (initialSL * pipsize) InitialSL = initialSL - (trailingstep * pipsize) ENDIF //next moves IF newSL > 0 AND (close - newSL) >= (trailingstep * pipsize) AND initialSL > 0 THEN newSL = newSL + min(trailingstep * pipsize,initialSL * pipsize) initialSL = max(0,initialSL - (trailingstep * pipsize)) ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN CurrentProfit = tradeprice(1) - close //first move IF newSL = 0 AND CurrentProfit >= (trailingstart * pipsize) THEN newSL = tradeprice(1) - (trailingstep * pipsize) + (initialSL * pipsize) InitialSL = initialSL - (trailingstep * pipsize) ENDIF //next moves IF newSL > 0 AND (newSL - close) >= (trailingstep * pipsize) AND initialSL > 0 THEN newSL = newSL - min(trailingstep * pipsize,initialSL * pipsize) initialSL = max(0,initialSL - (trailingstep * pipsize)) ENDIF ENDIF //stop order to exit the positions IF newSL > 0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

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  //************************************************************************ //              trailing stop function (fixed after breakeven) //reset the stoploss value IF NOT ONMARKET THEN    trailingstart = 6        //6   trailing will start @trailinstart points profit    trailingstep  = 2        //2   trailing step to move the "stoploss"    initialSL     = 13       //13  initial SL when a trade is entered    newSL         = 0 ENDIF //manage long positions IF LONGONMARKET THEN    CurrentProfit = close - tradeprice(1)    //first move    IF newSL = 0 AND CurrentProfit >= (trailingstart * pipsize) THEN       newSL     = tradeprice(1) + (trailingstep * pipsize) - (initialSL * pipsize)       InitialSL = initialSL - (trailingstep * pipsize)    ENDIF    //next moves    IF newSL > 0 AND (close - newSL) >= (trailingstep * pipsize) AND initialSL > 0 THEN       newSL     = newSL + min(trailingstep * pipsize,initialSL * pipsize)       initialSL = max(0,initialSL - (trailingstep * pipsize))    ENDIF ENDIF   //manage short positions IF SHORTONMARKET THEN    CurrentProfit = tradeprice(1) - close    //first move    IF newSL = 0 AND CurrentProfit >= (trailingstart * pipsize) THEN       newSL     = tradeprice(1) - (trailingstep * pipsize) + (initialSL * pipsize)       InitialSL = initialSL - (trailingstep * pipsize)    ENDIF    //next moves    IF newSL > 0 AND (newSL - close) >= (trailingstep * pipsize) AND initialSL > 0 THEN       newSL     = newSL - min(trailingstep * pipsize,initialSL * pipsize)       initialSL = max(0,initialSL - (trailingstep * pipsize))    ENDIF ENDIF   //stop order to exit the positions IF newSL > 0 THEN    SELL      AT newSL STOP    EXITSHORT AT newSL STOP ENDIF

  InitialSL, your SL, is used as a counter and decremented each TRAILINGSTEP pips till it reaches 0, then it stops working (NewSL, the updated SL price still operates till it, or the target price, is hit).

  

  robertogozzi

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  06/19/2019 at 10:54 AM #101030
  robertogozzi

  This your complete code:

  // Conditions to enter long positions DEFPARAM CumulateOrders = False // Cumulating positions deactivated positionsize=2 // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 080000 timeEnterBefore = time >= noEntryBeforeTime // Conditions to enter long positions indicator1 = SuperTrend[2.1,21] c1 = (close CROSSES OVER indicator1) IF c1 AND timeEnterBefore THEN BUY positionsize contract AT MARKET SET STOP pLOSS 13 ENDIF // Conditions to exit long positions indicator2 = SuperTrend[2.1,21] c2 = (close CROSSES UNDER indicator2) IF c2 THEN SELL AT MARKET ENDIF // Conditions to enter short positions indicator3 = SuperTrend[2.1,21] c3 = (close CROSSES UNDER indicator3) IF c3 AND timeEnterBefore THEN SELLSHORT positionsize contract AT MARKET seT STOP pLOSS 13 ENDIF // Conditions to exit short positions indicator4 = SuperTrend[2.1,21] c4 = (close CROSSES OVER indicator4) IF c4 THEN EXITSHORT AT MARKET ENDIF //************************************************************************ // trailing stop function (fixed after breakeven) //reset the stoploss value IF NOT ONMARKET THEN trailingstart = 6 //6 trailing will start @trailinstart points profit trailingstep = 2 //2 trailing step to move the "stoploss" initialSL = 13 //13 initial SL when a trade is entered newSL = 0 ENDIF //manage long positions IF LONGONMARKET THEN CurrentProfit = close - tradeprice(1) //first move IF newSL = 0 AND CurrentProfit >= (trailingstart * pipsize) THEN newSL = tradeprice(1) + (trailingstep * pipsize) - (initialSL * pipsize) InitialSL = initialSL - (trailingstep * pipsize) ENDIF //next moves IF newSL > 0 AND (close - newSL) >= (trailingstep * pipsize) AND initialSL > 0 THEN newSL = newSL + min(trailingstep * pipsize,initialSL * pipsize) initialSL = max(0,initialSL - (trailingstep * pipsize)) ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN CurrentProfit = tradeprice(1) - close //first move IF newSL = 0 AND CurrentProfit >= (trailingstart * pipsize) THEN newSL = tradeprice(1) - (trailingstep * pipsize) + (initialSL * pipsize) InitialSL = initialSL - (trailingstep * pipsize) ENDIF //next moves IF newSL > 0 AND (newSL - close) >= (trailingstep * pipsize) AND initialSL > 0 THEN newSL = newSL - min(trailingstep * pipsize,initialSL * pipsize) initialSL = max(0,initialSL - (trailingstep * pipsize)) ENDIF ENDIF //stop order to exit the positions IF newSL > 0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF // graph OnMarket graph Tradeprice(1) graph CurrentProfit graph trailingstart graph trailingstep graph initialSL graph newSL

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  // Conditions to enter long positions DEFPARAM CumulateOrders = False // Cumulating positions deactivated positionsize=2 // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 080000 timeEnterBefore = time >= noEntryBeforeTime // Conditions to enter long positions indicator1 = SuperTrend[2.1,21] c1 = (close CROSSES OVER indicator1) IF c1 AND timeEnterBefore THEN BUY positionsize contract AT MARKET SET STOP pLOSS 13 ENDIF // Conditions to exit long positions indicator2 = SuperTrend[2.1,21] c2 = (close CROSSES UNDER indicator2) IF c2 THEN SELL AT MARKET ENDIF // Conditions to enter short positions indicator3 = SuperTrend[2.1,21] c3 = (close CROSSES UNDER indicator3) IF c3 AND timeEnterBefore THEN SELLSHORT positionsize contract AT MARKET seT STOP pLOSS 13 ENDIF // Conditions to exit short positions indicator4 = SuperTrend[2.1,21] c4 = (close CROSSES OVER indicator4) IF c4 THEN EXITSHORT AT MARKET ENDIF //************************************************************************ //              trailing stop function (fixed after breakeven) //reset the stoploss value IF NOT ONMARKET THEN trailingstart = 6        //6   trailing will start @trailinstart points profit trailingstep  = 2        //2   trailing step to move the "stoploss" initialSL     = 13       //13  initial SL when a trade is entered newSL         = 0 ENDIF //manage long positions IF LONGONMARKET THEN CurrentProfit = close - tradeprice(1) //first move IF newSL = 0 AND CurrentProfit >= (trailingstart * pipsize) THEN newSL     = tradeprice(1) + (trailingstep * pipsize) - (initialSL * pipsize) InitialSL = initialSL - (trailingstep * pipsize) ENDIF //next moves IF newSL > 0 AND (close - newSL) >= (trailingstep * pipsize) AND initialSL > 0 THEN newSL     = newSL + min(trailingstep * pipsize,initialSL * pipsize) initialSL = max(0,initialSL - (trailingstep * pipsize)) ENDIF ENDIF   //manage short positions IF SHORTONMARKET THEN CurrentProfit = tradeprice(1) - close //first move IF newSL = 0 AND CurrentProfit >= (trailingstart * pipsize) THEN newSL     = tradeprice(1) - (trailingstep * pipsize) + (initialSL * pipsize) InitialSL = initialSL - (trailingstep * pipsize) ENDIF //next moves IF newSL > 0 AND (newSL - close) >= (trailingstep * pipsize) AND initialSL > 0 THEN newSL     = newSL - min(trailingstep * pipsize,initialSL * pipsize) initialSL = max(0,initialSL - (trailingstep * pipsize)) ENDIF ENDIF   //stop order to exit the positions IF newSL > 0 THEN SELL      AT newSL STOP EXITSHORT AT newSL STOP ENDIF // graph OnMarket graph Tradeprice(1) graph CurrentProfit graph trailingstart graph trailingstep graph initialSL graph newSL

  I tested it a bit and it seems to be working.

  Be warned that tight stops and targets may imply your orders being rejected or entered at market, due to the broker’s policy about minimum distance.

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  robertogozzi

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  06/19/2019 at 4:25 PM #101062
  Luce

  Wow HUGE thanks Roberto – That’s amazing skills – Hugely appreciated!!

   

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  Luce

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