Preferred or Most Effective Trailing Stops – Suggestions Please

• 08/23/2024 at 1:35 PM #236641
  GraHal

  Loads of Trailing Stop codes are linked here …

  Snippet Link Library

  Would anyone like to share (could be from Library above) a Trailing Stop (TS) Code they have found to be effective (could be Gain increase or Drawdown reduction?) when added to their AutoTrading System(s)?

  A TS code that allows different settings when Long or Short should be very interesting?

  Thank You

   

  

  GraHal

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  08/23/2024 at 2:51 PM #236646
  SnorreDK

  My favorite is still:

  ATR trailing stoploss

  //VARIABLES STOP SUIVEUR ONCE trailingStopType = 1 // Trailing Stop - 0 OFF, 1 ON ONCE trailingstoplong = 7.5 // Trailing Stop Atr Relative Distance ONCE trailingstopshort = 4 // Trailing Stop Atr Relative Distance ONCE atrtrailingperiod = 25 // Atr parameter Value ONCE minstop = 0 // Minimum Trailing Stop Distance // TRAILINGSTOP //---------------------------------------------- atrtrail = AverageTrueRange[atrtrailingperiod]((close/10)*pipsize)/1000 trailingstartl = round(atrtrail*trailingstoplong) trailingstartS = round(atrtrail*trailingstopshort) if trailingStopType = 1 THEN TGL =trailingstartl TGS=trailingstarts 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 if MAXPRICE-tradeprice(1)>=MINSTOP then PREZZOUSCITA = MAXPRICE-TGL*pointsize ELSE PREZZOUSCITA = MAXPRICE - MINSTOP*pointsize ENDIF ENDIF ENDIF if shortonmarket then MINPRICE = MIN(MINPRICE,close) if tradeprice(1)-MINPRICE>=TGS*pointsize then if tradeprice(1)-MINPRICE>=MINSTOP then PREZZOUSCITA = MINPRICE+TGS*pointsize ELSE PREZZOUSCITA = MINPRICE + MINSTOP*pointsize ENDIF ENDIF ENDIF if onmarket and PREZZOUSCITA>0 then EXITSHORT AT PREZZOUSCITA STOP SELL AT PREZZOUSCITA STOP ENDIF ENDIF

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  //VARIABLES STOP SUIVEUR ONCE trailingStopType     = 1    // Trailing Stop - 0 OFF, 1 ON ONCE trailingstoplong     = 7.5    // Trailing Stop Atr Relative Distance ONCE trailingstopshort    = 4    // Trailing Stop Atr Relative Distance ONCE atrtrailingperiod    = 25  // Atr parameter Value ONCE minstop              = 0    // Minimum Trailing Stop Distance // TRAILINGSTOP //---------------------------------------------- atrtrail = AverageTrueRange[atrtrailingperiod]((close/10)*pipsize)/1000 trailingstartl = round(atrtrail*trailingstoplong) trailingstartS = round(atrtrail*trailingstopshort) if trailingStopType = 1 THEN TGL =trailingstartl TGS=trailingstarts 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 if MAXPRICE-tradeprice(1)>=MINSTOP then PREZZOUSCITA = MAXPRICE-TGL*pointsize ELSE PREZZOUSCITA = MAXPRICE - MINSTOP*pointsize ENDIF ENDIF ENDIF if shortonmarket then MINPRICE = MIN(MINPRICE,close) if tradeprice(1)-MINPRICE>=TGS*pointsize then if tradeprice(1)-MINPRICE>=MINSTOP then PREZZOUSCITA = MINPRICE+TGS*pointsize ELSE PREZZOUSCITA = MINPRICE + MINSTOP*pointsize ENDIF ENDIF ENDIF if onmarket and PREZZOUSCITA>0 then EXITSHORT AT PREZZOUSCITA STOP SELL AT PREZZOUSCITA STOP ENDIF ENDIF

   

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  GraHal, SweTrade

  

  SnorreDK

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  08/29/2024 at 9:27 AM #236801
  SnorreDK

  Whats your favorite GraHal?

  

  SnorreDK

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  08/29/2024 at 9:55 AM #236804
  GraHal

  I haven’t got a favourite (yet! 🙂 ) … apart from you kindly posting your fav TS, it doesn’t look like others have a favourite either as no more posts since yours.

  I have tried TS’s in the past, but most barely improved overall performance and several reduced performance.  I guess it depends on the strategy and exit conditions etc.

  I have an Algo working on 1 hour TF, Exit is a switch of direction, but after seeing Gain increase then fall back again, I thought .. maybe a TS might help here.

  I tried Exit when Close < MA and Close Crosses under MA etc, but that didn’t help much overall either.

  I have about 20 versions of the Algo currently on Demo Live test … some without TS, some with various TS’s and some with MA’s etc … I have these working 1 min TF, one is on 1 sec TF (main strategy is on 1 hour TF).

  I’ll let you know the outcome.

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  GraHal

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  08/29/2024 at 11:02 AM #236820
  JS

  https://www.prorealcode.com/topic/trailing-stop-on-1-second-timeframe/

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  JS

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  08/29/2024 at 11:58 AM #236831
  GraHal

  Thank you JS, forgive the daft question, but what does x represent from your code?

  If xLongOnMarket then

  1	If xLongOnMarket then

   

  

  GraHal

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  08/29/2024 at 12:18 PM #236834
  JS

  Hi GraHal,

  Sometimes the official instructions/commands of PRT do not work as expected, for example if you use “StrategyProfit” and your system goes directly from “Long” to “Short” or vice versa, then the “StrategyProfit” will not work properly (too late)…
  In such cases, I create my own variable by putting an “x” in front of it (xStrategyProfit) so that I know that this is my own variable…

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  JS

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  08/29/2024 at 12:29 PM #236837
  JS

  In this case, it would be something like this:

  If BuyCondition then
  Buy 1 contract at Market
  xLongOnMarket=1
  xShortOnMarket=0
  EndIf

  If ShortCondition then
  SellShort 1 contract at Market
  xLongOnMarket=0
  xShortOnMarket=1
  EndIf

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  JS

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