Help With ATR settings in code

• 10/05/2023 at 6:55 AM #222053
  skuggan89

  Hi! Can anybody help my understand why my system gets stopped when a order is opened? The system says the stop loss i set to far away from the price and then the position is closed and the system stopped. Im not sure why the system just don’t set the stop acccording to the ATR stetting. I run it on a demo account on IG.

  This is my code:

  Reversal/stochastic/ATR

  //------------------------------------------------------------------------- // Main code : Reversal/stochastic/heikni //------------------------------------------------------------------------- DEFPARAM CumulateOrders = False sto = stochastic[8,3](close) ATRValue = AverageTrueRange[14](close) ema200 = ExponentialAverage[200](close) c1 = close[1]<open[1] and close>open c2 = close>open[1] c3 = lowest[3](low)<lowest[50](low)[1] or lowest[3](low)<lowest[50](low)[2] or lowest[3](low)<lowest[50](low)[3] c4 = sto<20 and close > ema200 // Tillagt krav om EMA200 för lång position longCondition = c1 and c2 and c3 and c4 c5 = close[1]>open[1] and close<open c6 = close<open[1] c7 = highest[3](high)>highest[50](high)[1] or highest[3](high)>highest[50](high)[2] or highest[3](high)>highest[50](high)[3] c8 = sto>80 and close < ema200 // Tillagt krav om EMA200 för kort position shortCondition = c5 and c6 and c7 and c8 contractSize = 1 // Hantera Heikin Ashi haClose = (open + high + low + close) / 4 haOpen = (open[1] + close[1]) / 2 haHigh = max(high, max(haClose, haOpen)) haLow = min(low, min(haClose, haOpen)) if barindex > 1 then if longCondition and haClose > haOpen then buy contractSize contract at market set stop ploss lowest[3](low) - 1.75 * ATRValue set target pprofit 5 * ATRValue elsif shortCondition and haClose < haOpen then sellshort contractSize contract at market set stop ploss highest[3](high) + 1.75 * ATRValue set target pprofit 5 * ATRValue endif endif

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40

  //------------------------------------------------------------------------- // Main code : Reversal/stochastic/heikni //------------------------------------------------------------------------- DEFPARAM CumulateOrders = False   sto = stochastic[8,3](close) ATRValue = AverageTrueRange[14](close) ema200 = ExponentialAverage[200](close)   c1 = close[1]<open[1] and close>open c2 = close>open[1] c3 = lowest[3](low)<lowest[50](low)[1] or lowest[3](low)<lowest[50](low)[2] or lowest[3](low)<lowest[50](low)[3] c4 = sto<20 and close > ema200 // Tillagt krav om EMA200 för lång position longCondition = c1 and c2 and c3 and c4   c5 = close[1]>open[1] and close<open c6 = close<open[1] c7 = highest[3](high)>highest[50](high)[1] or highest[3](high)>highest[50](high)[2] or highest[3](high)>highest[50](high)[3] c8 = sto>80 and close < ema200 // Tillagt krav om EMA200 för kort position shortCondition = c5 and c6 and c7 and c8   contractSize = 1   // Hantera Heikin Ashi haClose = (open + high + low + close) / 4 haOpen = (open[1] + close[1]) / 2 haHigh = max(high, max(haClose, haOpen)) haLow = min(low, min(haClose, haOpen))   if barindex > 1 then if longCondition and haClose > haOpen then buy contractSize contract at market set stop ploss lowest[3](low) - 1.75 * ATRValue set target pprofit 5 * ATRValue elsif shortCondition and haClose < haOpen then sellshort contractSize contract at market set stop ploss highest[3](high) + 1.75 * ATRValue set target pprofit 5 * ATRValue endif endif

   

  

  skuggan89

  Participant

  Topics: 2

  Replies: 5

  Been thanked: 0 times
  10/05/2023 at 7:14 AM #222054
  JC_Bywan

  Hi,

  at first glance you used a stop instruction expecting a distance in points from the position price, but instead of using it with a distance, you used it with a price level (which would be a much bigger number and explain the message too far away from price). So, either you may replace your lowest[3](low)-1.75*atrvalue with the distance from position price, or you may use a different stop instruction expecting a price level (set stop price).

  https://www.prorealcode.com/documentation/ploss-2/

  https://www.prorealcode.com/documentation/price/

  1 user thanked author for this post.

  skuggan89

  

  JC_Bywan

  Moderator

  Topics: 20

  Replies: 2649

  Been thanked: 915 times
  10/05/2023 at 8:36 AM #222056
  Nicolas

  As Noobywan explained, you should use SET STOP PRICE, which is used to set a stoploss at a specific price.

  Also, you set the target profit in points with a value in price, you should use SET TARGET PROFIT instead (which is used to set a target in price distance unit).

  set stop price lowest[3](low) - 1.75 * ATRValue set target profit 5 * ATRValue

  1 2	set stop price lowest[3](low) - 1.75 * ATRValue set target profit 5 * ATRValue

   

  1 user thanked author for this post.

  skuggan89

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4773 times
• Author
  Posts