How To use Trailing function and own coded SL

• 02/28/2021 at 2:03 PM #162773
  ScalpTrader

  Im looking for a combined function of STOP LOSS x and TRAILING y

  As I understand you can use that combo in Backtest but not in Auto Trading.

  I’ve read around in the forum and found several ways to “hard code”/own script code the TRAILING function and for ex. combine it with the STOP LOSS x command line.

  Im looking for the reversal.

  To use the SET STOP TRAILING and then set a coded SL

  Example

  example

  // Conditions to enter long positions c1 = (close > close[1]) IF c1 THEN BUY 1 CONTRACT AT MARKET ENDIF // Stops and targets SET STOP TRAILING 6 //Own coded SL command XXXX

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

  // Conditions to enter long positions c1 = (close > close[1])     IF c1 THEN BUY 1 CONTRACT AT MARKET ENDIF     // Stops and targets SET STOP TRAILING 6     //Own coded SL command XXXX

  What code could I use?

  Would like the SL to be X points bellow tradeprice

  (trading index)

  The basic Ide, as you probably understand, is too safe up the trade; so if after enter the trade goes down bellow SL sell. If that dosnt happends use TRAILING and follow the trade in favor direction (to exit after turnaround)

  

  ScalpTrader

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  02/28/2021 at 2:10 PM #162774
  robertogozzi

  Replace line 15 with:

  SET STOP pLOSS 50

  1	SET STOP pLOSS 50

   

  

  robertogozzi

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  02/28/2021 at 3:14 PM #162775
  ScalpTrader

  Thanks for the reply.

  But using that line 15 will “overwrite” line 11 making line 11 obsolete.

  Im looking for a code to add on line 15 for a SL to run together with TRAILING

  

  ScalpTrader

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  02/28/2021 at 6:54 PM #162791
  robertogozzi

  After replacing line 15, replace also line 11 with lines 17 through 56 of the code snippet at https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/.
  that will act as a trailing stop.

   

  

  robertogozzi

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