STOP not executing on first trade forward test

• 12/19/2016 at 1:58 PM #18786
  IGOSNELL

  Hi

  I have the below code below that simply sets a stop based on the ATR when either in a long or short position. I have been forward testing on MY IG demo account since back testing does not give reliable results.

  The strategy works on a daily time frame on the South African TOP 40 index. The thing I find very strange is that it does not set the stop on the first trade, only on the second trade does it set the stop, Why is this?

  Am I the only person to experiencing this or is this peculiar to prorealtime?

  rang= AverageTrueRange[2] if longonmarket then SET STOP pLOSS (.16 * rang) endif if shortonmarket then SET STOP pLOSS (.15 * rang) endif

  1 2 3 4 5 6 7 8 9

  rang= AverageTrueRange[2]   if longonmarket then SET STOP pLOSS (.16 * rang) endif   if shortonmarket then SET STOP pLOSS (.15 * rang) endif

   

  

  IGOSNELL

  Participant

  Topics: 5

  Replies: 14

  Been thanked: 0 times
  12/19/2016 at 5:58 PM #18815
  Nicolas

  Do these lines of codes are written before or after the BUY/SELLSHORT instructions?

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4775 times
  12/20/2016 at 5:07 AM #18835
  IGOSNELL

  Hi Nicolas

  After the BUY and SELLSHORT instruction.

  I was wandering whether it should be enclosed within the BUY or SELLSHORT instruction.

  Regards

  Ian

  

  IGOSNELL

  Participant

  Topics: 5

  Replies: 14

  Been thanked: 0 times
  12/20/2016 at 10:58 AM #18840
  Nicolas

  You can try to make a new variable named “stoploss” for instance, and give it the value of your calculated SL points (make it different when you initiate your orders BUY and SELLSHORT).

  Then, later in the code, add the SET stop loss line as is:

  SET STOP pLOSS stoploss

  1	SET STOP pLOSS stoploss

   

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4775 times
  12/20/2016 at 3:36 PM #18873
  IGOSNELL

  Ok .  So if I understand correctly I will set the variable  in the buy or sellshort instruction and later in the code use the stop loss  command using the variable originally set  in the buy or sellshort command.

  Thanks, I will give it a try.

  Regards

  Ian

  

  IGOSNELL

  Participant

  Topics: 5

  Replies: 14

  Been thanked: 0 times
• Author
  Posts