Cannot Set Trailing Stop as % through IG

• 10/24/2018 at 9:35 PM #83471
  hendymk

  Hi,

   

  When I backtest my system I set it as a 0.25 % trailing stop loss. When I try to make my system go live I get the error message “Trailing stops defined as a percentage cannot be used for pro order …. you can use points or the currency of the asset” my code is.

  // Conditions to enter long positions IF NOT LongOnMarket AND average[50](close) crosses over average[100](close) THEN BUY 4 CONTRACTS AT MARKET ENDIF // Conditions to exit long positions If LongOnMarket AND average[100](close) crosses over average[50](close)THEN SELL AT MARKET ENDIF // Conditions to enter short positions IF NOT ShortOnMarket AND average[100](close) crosses over average[50](close) THEN SELLSHORT 4 CONTRACTS AT MARKET ENDIF // Conditions to exit short positions IF ShortOnMarket AND average[50](close) crosses over average[100](close) THEN EXITSHORT AT MARKET ENDIF // Stops and targets : Enter your protection stops and profit targets here SET STOP %TRAILING 0.25

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  // Conditions to enter long positions IF NOT LongOnMarket AND average[50](close) crosses over average[100](close) THEN BUY 4 CONTRACTS AT MARKET ENDIF   // Conditions to exit long positions If LongOnMarket AND average[100](close) crosses over average[50](close)THEN SELL AT MARKET ENDIF   // Conditions to enter short positions IF NOT ShortOnMarket AND average[100](close) crosses over average[50](close) THEN SELLSHORT 4 CONTRACTS AT MARKET ENDIF   // Conditions to exit short positions IF ShortOnMarket AND average[50](close) crosses over average[100](close) THEN EXITSHORT AT MARKET ENDIF   // Stops and targets : Enter your protection stops and profit targets here SET STOP %TRAILING 0.25

  No matter how I try to code the trailing stop as a value it will not work and my results get skewed. Please can someone help me ?

  

  hendymk

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  10/29/2018 at 11:06 AM #83701
  Nicolas

  You should use a soft coded trailing stop in percentage, to replace the default instruction, here are some links of examples:

  https://www.prorealcode.com/topic/stoploss-stuck-after-being-set/#post-71117

  or you could give a try to this code snippet of a trailing stop in percentage:

  trailingPercent = 0.5 //trailing stop function if onmarket then trailingstart = tradeprice(1)*(trailingpercent/100) //trailing will start @trailinstart points profit trailingstep = tradeprice(1)*(trailingpercent/100) //trailing step to move the "stoploss" endif //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 THEN newSL = tradeprice(1)+trailingstep ENDIF //next moves IF newSL>0 AND close-newSL>trailingstep THEN newSL = newSL+trailingstep ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart THEN newSL = tradeprice(1)-trailingstep ENDIF //next moves IF newSL>0 AND newSL-close>trailingstep THEN newSL = newSL-trailingstep ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //put the first stoploss if onmarket and newSL=0 and activatestoploss then set stop loss trailingstart endif

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  trailingPercent = 0.5 //trailing stop function if onmarket then trailingstart = tradeprice(1)*(trailingpercent/100) //trailing will start @trailinstart points profit trailingstep = tradeprice(1)*(trailingpercent/100) //trailing step to move the "stoploss" endif   //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 THEN newSL = tradeprice(1)+trailingstep ENDIF //next moves IF newSL>0 AND close-newSL>trailingstep THEN newSL = newSL+trailingstep ENDIF ENDIF   //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart THEN newSL = tradeprice(1)-trailingstep ENDIF //next moves IF newSL>0 AND newSL-close>trailingstep THEN newSL = newSL-trailingstep ENDIF ENDIF   //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF   //put the first stoploss if onmarket and newSL=0 and activatestoploss then set stop loss trailingstart endif

   

  

  Nicolas

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  12/18/2019 at 9:40 PM #115199
  axellus

  Hello Nicholas,

  I tried the code and it seems to work very good. However, I get an error that “activatestoploss” is undefined. I just removed it and seems to still work good.

  I have a hard time figuring out what I removed tho and why it didn’t work in the first place. Care to enlighten me?

  Best regards,

  

  axellus

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  12/18/2019 at 9:47 PM #115201
  Vonasi

  ‘activatestoploss’ is most likely just a boolean switch to turn on or off the use of the trailing stop loss code. You could have set it as a variable in your strategy to test with or without the trailing stop. By deleting that condition you have just made it so that the trailing stop code is always active.

  

  Vonasi

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  01/03/2020 at 1:05 AM #115815
  axellus

  Hello Nicolas, I have a problem when I want to use this stop loss in a demo account for live trading.
  It says “Combined stops cannot be used with ProOrder”. I am only using the code you wrote for stop loss.

  Thank you in advance,
  Axel

  

  axellus

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  01/03/2020 at 2:54 AM #115817
  robertogozzi

  No, you must have written something wrong, this is the code from the first post, then I added the variable to enable/disable the trailing stop code, then appended Nicolas’code (I suggest commenting out line 23):

  ONCE ActivateStopLoss = 1 // Conditions to enter long positions IF NOT LongOnMarket AND average[50](close) crosses over average[100](close) THEN BUY 4 CONTRACTS AT MARKET ENDIF // Conditions to exit long positions If LongOnMarket AND average[100](close) crosses over average[50](close)THEN SELL AT MARKET ENDIF // Conditions to enter short positions IF NOT ShortOnMarket AND average[100](close) crosses over average[50](close) THEN SELLSHORT 4 CONTRACTS AT MARKET ENDIF // Conditions to exit short positions IF ShortOnMarket AND average[50](close) crosses over average[100](close) THEN EXITSHORT AT MARKET ENDIF // Stops and targets : Enter your protection stops and profit targets here SET STOP %TRAILING 0.25 trailingPercent = 0.5 //trailing stop function if onmarket then trailingstart = tradeprice(1)*(trailingpercent/100) //trailing will start @trailinstart points profit trailingstep = tradeprice(1)*(trailingpercent/100) //trailing step to move the "stoploss" endif //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 THEN newSL = tradeprice(1)+trailingstep ENDIF //next moves IF newSL>0 AND close-newSL>trailingstep THEN newSL = newSL+trailingstep ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart THEN newSL = tradeprice(1)-trailingstep ENDIF //next moves IF newSL>0 AND newSL-close>trailingstep THEN newSL = newSL-trailingstep ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //put the first stoploss if onmarket and newSL=0 and activatestoploss then set stop loss trailingstart endif

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  ONCE ActivateStopLoss = 1 // Conditions to enter long positions IF NOT LongOnMarket AND average[50](close) crosses over average[100](close) THEN BUY 4 CONTRACTS AT MARKET ENDIF // Conditions to exit long positions If LongOnMarket AND average[100](close) crosses over average[50](close)THEN SELL AT MARKET ENDIF // Conditions to enter short positions IF NOT ShortOnMarket AND average[100](close) crosses over average[50](close) THEN SELLSHORT 4 CONTRACTS AT MARKET ENDIF // Conditions to exit short positions IF ShortOnMarket AND average[50](close) crosses over average[100](close) THEN EXITSHORT AT MARKET ENDIF // Stops and targets : Enter your protection stops and profit targets here SET STOP %TRAILING 0.25 trailingPercent = 0.5 //trailing stop function if onmarket then trailingstart = tradeprice(1)*(trailingpercent/100) //trailing will start @trailinstart points profit trailingstep = tradeprice(1)*(trailingpercent/100) //trailing step to move the "stoploss" endif   //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 THEN newSL = tradeprice(1)+trailingstep ENDIF //next moves IF newSL>0 AND close-newSL>trailingstep THEN newSL = newSL+trailingstep ENDIF ENDIF   //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart THEN newSL = tradeprice(1)-trailingstep ENDIF //next moves IF newSL>0 AND newSL-close>trailingstep THEN newSL = newSL-trailingstep ENDIF ENDIF   //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF   //put the first stoploss if onmarket and newSL=0 and activatestoploss then set stop loss trailingstart endif

   

  

  robertogozzi

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  04/25/2022 at 9:37 AM #192177
  Marlaynicolas

  Bonjour je me présente sebastien je trade depuis 2017 .

  Enchanté de faire votre connaissance à tous .

  Tout d’abord j’apprécie votre site de partage de connaissance , merci encore.

  J’aime créer mes robots algo et j’aurai besoin de votre aide sur certains que j’ai créer pour du scalping 10 secondes dax et cac .

  Je partagerai cette âpres midi mes algo et si nous pouvions ensemble régler les pertes ou plutôt réduire le montant de pertes cela pourrait  permettre améliorer leurs rentabilités.

  J’ai par vos qualités incorporé le break even de Nicolas.

  Ma question est si c’est possible , je voudrais incorporer dans une unité de temps de 10 secondes un stop suiveur qui correspondrait au dernier plus bas en unité de temps 1 m?

  Je vous joins cette âpres midi mon algo et afin que vous puissiez l’évaluer.

  merci pour vos réponse et vos connaissances

  Hello I introduce myself sebastien I have been trading since 2017. Nice to meet you all. First of all I appreciate your knowledge sharing site, thank you again. I like to create my algo robots and I will need your help on some that I created for scalping 10 seconds dax and cac. I will share this afternoon my algo and if we could together settle the losses or rather reduce the amount of losses this could improve their profitability. Thanks to your qualities, I incorporated Nicolas’ break even. My question is if it’s possible, I would like to incorporate in a 10 seconds timeframe a trailing stop which would correspond to the last low in 1m timeframe? I join you this afternoon my algo and so that you can evaluate it. thank you for your answer and knowledge.

  

  Marlaynicolas

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  04/25/2022 at 9:38 AM #192178
  Marlaynicolas

  pardon pour les fautes oups

  sorry for the mistakes oops

  

  Marlaynicolas

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  04/25/2022 at 9:50 AM #192183
  robertogozzi

  @Marlaynicolas

  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

  Do NOT append your questions to exixting topics. Start a new topic, instead, in the correct support forum (which are listed in yellow below) with as most details as possible and giving your topic a meaningful title.

  Thank you 🙂

   

  

  robertogozzi

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  04/28/2022 at 1:55 PM #192370
  Marlaynicolas

  thanks you but my english is bad robertto i’m sorry.

  

  Marlaynicolas

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  04/29/2022 at 7:01 AM #192385
  robertogozzi

  Use Google translator, it works like a charm if you write correctly in your native language.

   

  

  robertogozzi

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