Custom Indicator variable values

• 10/06/2016 at 5:38 AM #14356
  rohandowling23

  Hi.

  I’m new to prorealtime and need some help.

  I’ve come across the problem (not a new one, actually well documented) regarding proorder having limited stop loss functionality.

  I’m seen the post for how to “Complete trailing stop code function” http://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/ but I don’t understand the code.

  So I’ve tried to create an indicator than would show me what my stops would be. I’ve dumped the code at the bottom

  Basically

  1. assuming a long position entered @ 1.03
  2. want a maximum loss of 30bp
  3. want a trailing stop loss of 20bps with a 5bp step

  My question is

  1. how can I view results for variables I create, ie “mystep”?
  2. I know my code is poor, what could you recommend to enhance?

   

  //trailing stop function trailingstart = 20 //trailing will start trailingstep = 5 //trailing step to move the "stoploss" mybailout = 30 //my stop loss point mytradeprice = 1.03 //setting random trade price assumming long position IF close >= mytradeprice+(trailingstart*pipsize) then ITM = 1 //if 1 when use trailing loss, if 0 use stop loss ENDIF IF close < (mytradeprice+(trailingstart*pipsize)) then ITM = 0 ENDIF IF ITM = 0 then mySL = mytradeprice-(mybailout*pipsize) ENDIF IF ITM = 1 then mystep = (close -trailingstart*pipsize)/trailingstep //counts the number of steps the trailing profit has taken above the trailingstart ENDIF IF ITM = 1 then mySL = mytradeprice+(trailingstart*pipsize)+(mystep*(trailingstep*pipsize)) ENDIF return mySL as "Closeout"

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  //trailing stop function trailingstart = 20 //trailing will start trailingstep = 5 //trailing step to move the "stoploss" mybailout = 30  //my stop loss point     mytradeprice = 1.03  //setting random trade price assumming long position     IF close >= mytradeprice+(trailingstart*pipsize) then ITM = 1  //if 1 when use trailing loss, if 0 use stop loss ENDIF   IF close < (mytradeprice+(trailingstart*pipsize)) then ITM = 0 ENDIF   IF ITM = 0 then mySL = mytradeprice-(mybailout*pipsize) ENDIF   IF ITM = 1 then mystep = (close -trailingstart*pipsize)/trailingstep    //counts the number of steps the trailing profit has taken above the trailingstart ENDIF   IF ITM = 1 then mySL = mytradeprice+(trailingstart*pipsize)+(mystep*(trailingstep*pipsize)) ENDIF     return mySL as "Closeout"

   

  

  rohandowling23

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  10/07/2016 at 3:51 AM #14414
  rohandowling23

  Hi All

   

  I figured it out, you just have to use the return function. I have done the majority of my coding in VBA so you can see the variable as you step through the code

  Have updated my code (for long positions only) to have an indicator that will show you you exit levels

   

  //trailing stop function //variables mytradedprice = open myclose = close trailingstart = 10 //trailing will start trailingstep = 5 //trailing step to move the "trailing stop" mybailout = -10 //my stop loss point trailingstartprice = mytradedprice+(trailingstart*pipsize) trailingstopprice = mytradedprice+(mybailout*pipsize) myprofit = myclose - trailingstartprice ITM = 0 IF myclose >= trailingstartprice then ITM = 1 else ITM = 0 ENDIF IF ITM = 0 then mySL = trailingstopprice else mysteps = (myclose - trailingstartprice)/(trailingstep*pipsize) rmysteps = round(mysteps) mySL = trailingstartprice + (rmysteps*trailingstep*pipsize) - (trailingstart*pipsize) ENDIF return mytradedprice as "My Open Price", mySL as "My Closeout Price", myprofit as "Profit"

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  //trailing stop function   //variables mytradedprice = open   myclose = close   trailingstart = 10 //trailing will start trailingstep = 5 //trailing step to move the "trailing stop" mybailout = -10  //my stop loss point     trailingstartprice = mytradedprice+(trailingstart*pipsize) trailingstopprice = mytradedprice+(mybailout*pipsize) myprofit = myclose - trailingstartprice   ITM = 0 IF myclose >= trailingstartprice then ITM = 1 else ITM = 0 ENDIF   IF ITM = 0 then mySL = trailingstopprice else mysteps = (myclose - trailingstartprice)/(trailingstep*pipsize) rmysteps = round(mysteps) mySL = trailingstartprice + (rmysteps*trailingstep*pipsize) - (trailingstart*pipsize) ENDIF   return mytradedprice as "My Open Price", mySL as "My Closeout Price", myprofit as "Profit"

   

  

  rohandowling23

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  10/07/2016 at 8:27 AM #14424
  Nicolas

  Great! But in ProBacktest you can also use GRAPH which is likely a ‘return’ function into automated trading code.

  

  Nicolas

  Keymaster

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