Move SL during current candle

• 08/22/2018 at 10:45 AM #78763
  Phil

  Hi all,

  I’m running a strategy on the 15MIN time frame on the DAX. I have a dynamic (trailing) SL that works with the “close” command.

  I wonder if there is any possibility to move the SL while the candle is still open? Using “close” the SL will only be moved once the trailing conditions are met and the 15MIN candle is closed.

  Going to another time frame for the strategy signal is not an option for me (i.e. going from 15 to 5min to have more checks for the SL). However, it would work if I could check the 1min candle close for the SL conditions and then adjust the SL based on this.

  Any hints are highly appreciated.

  Thanks!

  

  Phil

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  08/22/2018 at 10:51 AM #78765
  Nicolas

  You can now do it with the help of the multi-timeframe capability of ProOrder:

  First approach to multi timeframe trading with ProRealTime

  Partial closure of positions when price is retracing – A complete function

  Basically, put your strategy in “timeframe(15 minutes)” and your moving SL function in “timeframe(1 minute)”, examples in the links above.

   

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  Phil

  

  Nicolas

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  08/22/2018 at 10:53 AM #78767
  Phil

  Great, this helps. Thank you so much! Outstanding support in this forum.

  

  Phil

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  08/22/2018 at 10:55 AM #78768
  Vonasi

  All decisions are made at the close of a candle so it is not possible to adjust stop loss levels mid candle. Multi time frame trading is currently possible in demo (and will hopefully soon go live) and so with this you could make all your strategy decisions on a slower timeframe and then move your stop loss value and trade on a faster time frame.

  An introduction to MTF can be found here:

  https://www.prorealcode.com/blog/learning/approach-multi-timeframe-trading-prorealtime/

  Edit: Wow – you obviously type faster than me Nicolas!

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  Vonasi

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  08/22/2018 at 11:01 AM #78769
  Vonasi

  Nicolas – I notice that you didn’t mention that those two features were only available in demo and that forward testing in demo with partial closure does not work.

  Does this mean that MTF now available for live trading and does partial closure now work in forward demo testing?

  

  Vonasi

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  08/22/2018 at 1:30 PM #78791
  Nicolas

  Vonasi wrote:

  MTF now available for live trading and does partial closure now work in forward demo testing?

  Heard that it could done by the next daylight saving change.

  

  Nicolas

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  08/22/2018 at 1:38 PM #78794
  Vonasi

  Nicolas wrote:

  Heard that it could done by the next daylight saving change.

  I suppose at least that is better than by the next total lunar eclipse!

  28th October I believe is the date then. Still a bit of time to wait….

  

  Vonasi

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  08/22/2018 at 1:49 PM #78798
  Nicolas

  Yes but it should come with the new engine pre-V11.

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  Nicolas

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  08/24/2018 at 12:23 PM #78934
  Phil

  So, I’ve added the necessary code and I can run/backtest it.

  However, I don’t understand whether I am able to use it live with my IG account? In your previous replies, you said no, but in PRT I get the pop-up to please get in contact with IG. IG customer service just told me they have no information about this?

  Could you please clarify once more – can I use it live with IG already? If no, then when (only in October)?

  

  Phil

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  08/24/2018 at 4:22 PM #78984
  robdav

  Vonasi wrote:

  Nicolas – I notice that you didn’t mention that those two features were only available in demo and that forward testing in demo with partial closure does not work.

  Does this mean that MTF now available for live trading and does partial closure now work in forward demo testing?

  Hi Vonasi, I have a sponsored PRT account with IG and requested MTF in LIVE yesterday and it’s working today if that’s of interest.

  

  robdav

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  08/24/2018 at 4:33 PM #78986
  Vonasi

  Just to clarify RobDav – you opened your IG account via PRT so you have the PRT Premium via what we call a PRT sponsored IG account?

  The other way is if you open an IG account directly with IG and then you can get access to PRT Complete for free.

  Your description is a little confused for me. 🙂

  Still it is very interesting that you have MTF on live trading now. I’m happy to wait a little longer as I like to forward test strategies for a long time before putting them live anyway and the faster the time frame the longer I like to test!

  

  Vonasi

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  08/26/2018 at 10:02 AM #79095
  Nicolas

  robdav wrote:

  I have a sponsored PRT account with IG and requested MTF in LIVE yesterday and it’s working today if that’s of interest.

  That’s right, you can ask your broker to activate MTF, individually for your live account. I thought I told this already somewhere in the forum, anyway, thanks for letting everyone know about this opportunity! 🙂

  

  Nicolas

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  08/26/2018 at 7:28 PM #79130
  Nicolas

  I just stumble upon this code I made a few days earlier, it moves stoploss to breakeven once 15 pips is achieved. The stoploss is moved during a candle.

  defparam cumulateorders=false //declare the strategy on the 1 hour timeframe timeframe(1 hour, updateonclose) myrsi = rsi[14] buycondition = myrsi crosses over 50 //orders management on the 1 minute timeframe timeframe(1 minute, default) //create an order at market if the RSI has crosses the level 50 on the 1 hour timeframe if buycondition then buy 10 contract at market endif //if not order on market, reset the breakeven status if not onmarket then breakeven=0 endif //check if the current order has made 15 points of profit if longonmarket and close-tradeprice>=15*pointsize then breakeven=1 endif //put stoploss at open price + 5 points if breakeven=1 then sell at tradeprice+5*pointsize stop endif graph breakeven

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  defparam cumulateorders=false   //declare the strategy on the 1 hour timeframe timeframe(1 hour, updateonclose) myrsi = rsi[14] buycondition = myrsi crosses over 50   //orders management on the 1 minute timeframe timeframe(1 minute, default) //create an order at market if the RSI has crosses the level 50 on the 1 hour timeframe if buycondition then buy 10 contract at market endif   //if not order on market, reset the breakeven status if not onmarket then breakeven=0 endif   //check if the current order has made 15 points of profit if longonmarket and close-tradeprice>=15*pointsize then breakeven=1 endif   //put stoploss at open price + 5 points if breakeven=1 then sell at tradeprice+5*pointsize stop endif   graph breakeven

  update version here: https://www.prorealcode.com/topic/breakeven-avec-ut-inferieure-a-la-strategie/#post-210582

  

  Nicolas

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  10/19/2018 at 10:20 AM #83168
  Meta Signals Pro

  Hi Nicolas,

  quite useful on the paper but unable to make it work ; I get this message enclosed ;

  cheers

  

  Meta Signals Pro

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  10/19/2018 at 12:48 PM #83177
  Nicolas

  Same message, same answer: use the code on the lowest timeframe declared by the timeframe instruction (1 minute in this case).

  

  Nicolas

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