Limited risk account question about trailing stop

• 10/10/2017 at 10:23 AM #48888
  Frytconcord

  Hello Nicolas

  is it possible that this code FBS EUR/USD “ALE – KASPER reinvestement” works with a limited risk account? Because there is the function “TRAILING STOP” can you explain to me ? thank you in advance.

  //TRAILING STOP TGL =5 TGS=5 if not onmarket then MAXPRICE = 0 MINPRICE = close PREZZOUSCITA = 0 ENDIF if longonmarket then MAXPRICE = MAX(MAXPRICE,close) if MAXPRICE-tradeprice(1)>=TGL*pointsize then PREZZOUSCITA = MAXPRICE-TGL*pointsize ENDIF ENDIF if shortonmarket then MINPRICE = MIN(MINPRICE,close) if tradeprice(1)-MINPRICE>=TGS*pointsize then PREZZOUSCITA = MINPRICE+TGS*pointsize ENDIF ENDIF if onmarket and PREZZOUSCITA>0 then EXITSHORT AT PREZZOUSCITA STOP SELL AT PREZZOUSCITA STOP 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

  //TRAILING STOP TGL =5 TGS=5 if not onmarket then    MAXPRICE = 0    MINPRICE = close    PREZZOUSCITA = 0 ENDIF if longonmarket then    MAXPRICE = MAX(MAXPRICE,close)    if MAXPRICE-tradeprice(1)>=TGL*pointsize then       PREZZOUSCITA = MAXPRICE-TGL*pointsize    ENDIF ENDIF if shortonmarket then    MINPRICE = MIN(MINPRICE,close)    if tradeprice(1)-MINPRICE>=TGS*pointsize then       PREZZOUSCITA = MINPRICE+TGS*pointsize    ENDIF ENDIF if onmarket and PREZZOUSCITA>0 then    EXITSHORT AT PREZZOUSCITA STOP    SELL AT PREZZOUSCITA STOP ENDIF

   

  

  Frytconcord

  Participant

  Topics: 1

  Replies: 10

  Been thanked: 0 times
  10/10/2017 at 12:14 PM #48900
  JC_Bywan

  Bonjour Frytconcord et bienvenue sur les forums de PRC, ayant des forums divisés par langues, puis par sous-thèmes, la coutume dans les forums PRC est de parler la langue du forum où on poste, merci de rester en Français sur le présent forum, et de réserver l’Anglais pour les forums PRC anglais.

  Aussi, j’édite ton message pour mettre le listing du code au bon format, mais merci pour les prochains messages d’utiliser le bouton <> dans la barre d’outil de l’éditeur de messages pour insérer du code au format PRT.

  ---

  Hello Frytconcord and welcome to the forums of PRC, having forums divided by languages, then by sub-topics, the custom in forums PRC is to speak the language of the forum where we post, thank you for staying in French on this forum, and reserve English for the English PRC forums.

  Also, I’m editing your message to put the code listing in the correct format, but thanks for future messages to use the <> button on the message editor toolbar to insert code in PRT format.

  1 user thanked author for this post.

  Nicolas

  

  JC_Bywan

  Moderator

  Topics: 20

  Replies: 2646

  Been thanked: 912 times
  10/10/2017 at 2:40 PM #48923
  Nicolas

  @Frytconcord

  Thank you for respecting some classic rules: posting in the right place and in the right language! This allows me and the moderators to focus on the answers rather than the household! 👿

  Now, about your question, this ‘trailing stop’ function is not the “SET STOP TRAILING” instruction of the programming language, it simulates it, so it can be used in limited risk account with these limitations:

  The minimum stop distances are greater than the “Expert” accounts (current normal account), the information of this distance can be found in the instrument’s manual trading information (expressed in points or percentage for shares). Since the trailing stop will not work, the SET STOP TRAILING instruction will be inoperative, so I advise you to use the coded trailing stop you find in the blog part of the site (many strategies already use it in the code library ). The stoploss can be far from the entry price, far enough, but you have to take into account your margin required to place it (of course you can not lose more than the size of your cash account, so be vigilant at level of the stoploss).

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4773 times
  10/10/2017 at 3:59 PM #48945
  Frytconcord

  Oh! sorry I did not understand the forum. Sorry

  “The minimum stop distances are greater than the “Expert” accounts (current normal account), the information of this distance can be found in the instrument’s manual trading information”

  or find this information?

   

  if I understand correctly it will work you who has it? I do not need to modify it for this:

  https://www.prorealcode.com/topic/updated-version-of-trailing-sl/#post-44305

  

  Frytconcord

  Participant

  Topics: 1

  Replies: 10

  Been thanked: 0 times
  10/10/2017 at 4:35 PM #48955
  Frytconcord

  sorry, but do you the code trailing stop? I found a lot in the library all different ! Thank you

  

  Frytconcord

  Participant

  Topics: 1

  Replies: 10

  Been thanked: 0 times
  10/10/2017 at 5:04 PM #48960
  Frytconcord

  @Nicolas
  “The minimum stop distances are greater than the “Expert” accounts (current normal account), the information of this distance can be found in the instrument’s manual trading information (expressed in points or percentage for shares). Since the trailing stop will not work, the SET STOP TRAILING instruction will be inoperative, so I advise you to use the coded trailing stop you find in the blog part of the site (many strategies already use it in the code library ). The stoploss can be far from the entry price, far enough, but you have to take into account your margin required to place it (of course you can not lose more than the size of your cash account, so be vigilant at level of the stoploss).”

   

  Oh! sorry I did not understand the functioning of the forum. sorry
  I find but I can not find any information. Or find this information?

   

  If I understand correctly, I do not need to change the code?
  Or should I add that:

  https://www.prorealcode.com/topic/updated-version-of-trailing-sl/#post-44305

  thanks for your understanding

  

  Frytconcord

  Participant

  Topics: 1

  Replies: 10

  Been thanked: 0 times
  10/10/2017 at 9:32 PM #48990
  Frytconcord

  @Nicolas

  Should i use this code ?

  

  Frytconcord

  Participant

  Topics: 1

  Replies: 10

  Been thanked: 0 times
  10/10/2017 at 9:33 PM #48992
  Frytconcord

  for a limited risk account

  defparam cumulateorders = false //order launch (example) would be set to any other entry conditions //c1 = close>close[1] c2 = close<close[1] //if c1 then //BUY 1 LOT AT MARKET //SET STOP PLOSS 50 //endif if c2 then SELLSHORT 1 LOT AT MARKET SET STOP PLOSS 50 endif //************************************************************************ //trailing stop function trailingstart = 20 //trailing will start @trailinstart points profit trailingstep = 5 //trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //************************************************************************ GRAPH newSL as "trailing"

  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 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58

  defparam cumulateorders = false   //order launch (example) would be set to any other entry conditions //c1 = close>close[1] c2 = close<close[1]   //if c1 then //BUY 1 LOT AT MARKET //SET STOP PLOSS 50 //endif   if c2 then SELLSHORT 1 LOT AT MARKET SET STOP PLOSS 50 endif   //************************************************************************ //trailing stop function trailingstart = 20 //trailing will start @trailinstart points profit trailingstep = 5 //trailing step to move the "stoploss"   //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF   //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN   newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN   newSL = newSL+trailingstep*pipsize ENDIF ENDIF   //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN   newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN   newSL = newSL-trailingstep*pipsize ENDIF ENDIF   //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //************************************************************************   GRAPH newSL as "trailing"

   

  

  Frytconcord

  Participant

  Topics: 1

  Replies: 10

  Been thanked: 0 times
  10/11/2017 at 8:31 AM #49003
  Nicolas

  I dot not have a limited risk account myself, but I believe that as long as your pending STOP orders is far enough than the current price (the required points distance from the Close), it should work.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4773 times
  10/11/2017 at 9:17 AM #49008
  Frytconcord

  thanks for your response nicolas. just a small question. the stop at 50 is far enough away for you? otherwise I use the trailing stop with parameters 9 and 10 see below

  

  Frytconcord

  Participant

  Topics: 1

  Replies: 10

  Been thanked: 0 times
  10/11/2017 at 9:18 AM #49009
  Frytconcord

  //trailing stop function trailingstart = 9 //trailing will start @trailinstart points profit trailingstep = 10 //trailing step to move the "stoploss"

  1 2 3

  //trailing stop function trailingstart = 9 //trailing will start @trailinstart points profit trailingstep = 10 //trailing step to move the "stoploss"

   

  

  Frytconcord

  Participant

  Topics: 1

  Replies: 10

  Been thanked: 0 times
• Author
  Posts