MFE Trailing Stop in % percentage

• 03/24/2018 at 2:33 PM #66249
  Inertia

  Hi,

  I was wondering how I could replace the vlue in pts by an “x%” instead from the MFE ?

  MFE T Stop (by Nicolas)

  //trailing stop trailingstop = 20 //resetting variables when no trades are on market if not onmarket then MAXPRICE = 0 MINPRICE = close priceexit = 0 endif //case SHORT order if shortonmarket then MINPRICE = MIN(MINPRICE,close) //saving the MFE of the current trade if tradeprice(1)-MINPRICE>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then priceexit = MINPRICE+trailingstop*pointsize //set the exit price at the MFE + trailing stop price level endif endif //case LONG order if longonmarket then MAXPRICE = MAX(MAXPRICE,close) //saving the MFE of the current trade if MAXPRICE-tradeprice(1)>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then priceexit = MAXPRICE-trailingstop*pointsize //set the exit price at the MFE - trailing stop price level endif endif //exit on trailing stop price levels if onmarket and priceexit>0 then EXITSHORT AT priceexit STOP SELL AT priceexit STOP endif

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  //trailing stop trailingstop = 20 //resetting variables when no trades are on market if not onmarket then MAXPRICE = 0 MINPRICE = close priceexit = 0 endif //case SHORT order if shortonmarket then MINPRICE = MIN(MINPRICE,close) //saving the MFE of the current trade if tradeprice(1)-MINPRICE>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then     priceexit = MINPRICE+trailingstop*pointsize //set the exit price at the MFE + trailing stop price level endif endif //case LONG order if longonmarket then MAXPRICE = MAX(MAXPRICE,close) //saving the MFE of the current trade if MAXPRICE-tradeprice(1)>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then   priceexit = MAXPRICE-trailingstop*pointsize //set the exit price at the MFE - trailing stop price level endif endif //exit on trailing stop price levels if onmarket and priceexit>0 then EXITSHORT AT priceexit STOP SELL AT priceexit STOP endif

   

  

  Inertia

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  03/24/2018 at 4:37 PM #66261
  Nicolas

  It suffices to express the variable trailingstop converts to a point from a previously calculated data in percentage.

  For a trailingstop of 1%:

  Trailingstop = (close * 0.01)/pointsize

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  Inertia

  

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  03/24/2018 at 7:28 PM #66275
  Vonasi

  English speaking only in the English language forum please!

  Sorry Nicolas but I just could not stop myself posting this! 🙂

  

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  03/24/2018 at 9:50 PM #66284
  Inertia

  Excellent Nicolas (FR UK ok 😉 )

  

  Inertia

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  03/25/2018 at 4:04 PM #66352
  Nicolas

  Ok guy! you got me! (Post edited) 😆

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  Vonasi

  

  Nicolas

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