Cann’t you use a ttrailingstop and a stoploss together?

• 05/20/2024 at 1:04 PM #232815
  DeathMetal

  Hello,

  I have noticed strange results after using a trailingstop and a stoploss together.

  See picture, the trade is closed by the trailingstop instead by the stoploss.

  System on DAX:

  SET TARGET pPROFIT 61
  SET STOP pLOSS 34
  SET STOP PTRAILING 55

   

   

   

  

  DeathMetal

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  05/20/2024 at 2:09 PM #232819
  Iván

  Could you share the code?

  

  Iván

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  05/20/2024 at 4:10 PM #232828
  DeathMetal

  Sorry, I don’t want to share the code, because I’ve put a lot of time and money into this to get as far as I have now.
  The code of the stop loss etc. is below the programming instructions.

  I have often encountered it in other systems I have created that one of the two does not work.

  

  DeathMetal

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  05/20/2024 at 7:43 PM #232839
  GraHal

  Yes the lower / last instruction re a stop loss cancels any previous instruction re a stop loss.

  pTrailing cancels / negates / renders ineffective pLoss as written below.

  SET TARGET pPROFIT 61 SET STOP pLOSS 34 SET STOP PTRAILING 55

  1 2 3

  SET TARGET pPROFIT 61 SET STOP pLOSS 34 SET STOP PTRAILING 55

   

   

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  DeathMetal

  

  GraHal

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  05/21/2024 at 4:03 PM #232887
  robertogozzi

  Yes, is GraHal right. You can’t have two different kind of STOP LOSS, the last one always overrides any previous one.

   

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  robertogozzi

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  05/21/2024 at 6:12 PM #232894
  DeathMetal

  This should do the trick….

   

   

  trailingstop for long and short

  ///// trailingstop for long and short ///////////////////// ////////////////////////////////////////////////////////////// /// Reset variables IF NOT ONMARKET THEN LaagsteKoers=1000000 HoogsteKoers=0 ENDIF once UitstapOpTSL=15 // points to trail for long once UitstapOpTSS=20 // points to trail for short ////////////// LONG ///////////////////////////// If LongOnMarket AND HoogsteKoers=0 THEN OpeningsprijsL= close Hoogstekoers=openingsprijsL ENDIF // Determine highest high If LONGONMARKET THEN DezeHigh= high If DezeHigh > HoogsteKoers then Hoogstekoers=DezeHigh ENDIF ENDIF //Sell trade if close< highest high- x points (UitstapOpTSL ) IF (close < (Hoogstekoers - UitstapOpTSL)) and LONGONMARKET then SELL AT MARKET ENDIF ///////////////// SHORT //////////////////////////////////////////// IF ShortOnMarket AND LaagsteKoers=1000000 THEN OpeningsprijsS= close Laagstekoers=openingsprijsS ENDIF IF ShortOnMarket THEN DezeLow= low If DezeLow < laagsteKoers then LaagsteKoers=DezeLow endif ENDIF IF (close > (Laagstekoers + UitstapOpTSS)) and SHORTONMARKET then EXITSHORT AT MARKET endif SET TARGET pPROFIT 75 SET STOP pLOSS 45 /// Exit by trailingstop is at market, only use this on small timeframes!!

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  /////  trailingstop for long and short   ///////////////////// //////////////////////////////////////////////////////////////     /// Reset variables IF NOT ONMARKET  THEN LaagsteKoers=1000000 HoogsteKoers=0 ENDIF   once UitstapOpTSL=15  // points to trail for long once UitstapOpTSS=20  // points to trail for short     //////////////   LONG    ///////////////////////////// If LongOnMarket AND HoogsteKoers=0 THEN OpeningsprijsL= close Hoogstekoers=openingsprijsL ENDIF   //  Determine highest high If LONGONMARKET THEN DezeHigh= high If DezeHigh > HoogsteKoers then Hoogstekoers=DezeHigh ENDIF ENDIF     //Sell trade if close< highest high- x points (UitstapOpTSL ) IF (close < (Hoogstekoers - UitstapOpTSL)) and LONGONMARKET  then SELL AT MARKET ENDIF       /////////////////  SHORT          ////////////////////////////////////////////     IF ShortOnMarket AND LaagsteKoers=1000000 THEN OpeningsprijsS= close Laagstekoers=openingsprijsS ENDIF     IF ShortOnMarket THEN DezeLow= low If DezeLow < laagsteKoers then LaagsteKoers=DezeLow endif ENDIF       IF (close >  (Laagstekoers + UitstapOpTSS)) and SHORTONMARKET  then EXITSHORT AT MARKET endif     SET TARGET pPROFIT 75 SET STOP pLOSS 45     ///  Exit by trailingstop is at market, only use this on small timeframes!!

   

  

  DeathMetal

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  05/21/2024 at 6:24 PM #232895
  DeathMetal

  BTW, points for  trailingstops must be larger then your stoploss, this was only for test purposes.

  

  DeathMetal

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