How to make dynamic stoploss?

• 11/14/2016 at 4:56 PM #16509
  stryker

  Hi I have the following simple code but it doesn’t work as I expect in the backtest.

  In essence I would like to move my stop in line with favourable market moves but in step fashion rather than trailing.
  eg long position goes 4 ticks on side so I move my stop up 2 ticks.

  Does anyone know the best way to achieve this please?

  IF condition1 THEN BUY 1 PERPOINT AT MARKET NextBarOpen ENDIF SET STOP pLOSS 6 IF LONGONMARKET AND HIGH-TRADEPRICE >= 4 THEN SET STOP pLOSS 4 ENDIF IF LONGONMARKET AND HIGH-TRADEPRICE >= 7 THEN SET STOP pLOSS 2 ENDIF IF LONGONMARKET AND HIGH-TRADEPRICE >= 9 THEN SET STOP pLOSS 1 ENDIF

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  IF condition1 THEN BUY 1 PERPOINT AT MARKET NextBarOpen ENDIF   SET STOP pLOSS 6   IF LONGONMARKET AND HIGH-TRADEPRICE >= 4 THEN SET STOP pLOSS 4 ENDIF   IF LONGONMARKET AND HIGH-TRADEPRICE >= 7 THEN SET STOP pLOSS 2 ENDIF   IF LONGONMARKET AND HIGH-TRADEPRICE >= 9 THEN SET STOP pLOSS 1 ENDIF

   

  

  stryker

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