Stop trailing distance reduced

• 05/28/2024 at 1:21 PM #233151
  winnie37

  Hello,

  I use a 20 pips trailing stop. I want it to be reduce as gain is rising. But it stay at 20 pips. How can i fix it ? Thanks

  // Trailing Stop Conditionnel
  IF longonmarket THEN

  IF positionperf > 50 THEN
  SET STOP pTRAILING 8
  endif
  IF positionperf > 30 THEN
  SET STOP pTRAILING 10
  endif
  if positionperf > 20 THEN
  SET STOP pTRAILING 15
  endif
  SET STOP pTRAILING 20
  ENDIF

  IF shortonmarket THEN
  IF positionperf > 50 THEN
  SET STOP pTRAILING 8
  endif
  IF positionperf > 30 THEN
  SET STOP pTRAILING 10
  endif
  if positionperf > 20 THEN
  SET STOP pTRAILING 15
  endif
  SET STOP pTRAILING 20
  ENDIF

  

  winnie37

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  05/28/2024 at 3:29 PM #233155
  GraHal

  You have almost unreachable figures against PositionPerf.

  PositionPerf is a %

  https://www.prorealcode.com/documentation/positionperf/

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  winnie37

  

  GraHal

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  05/28/2024 at 3:55 PM #233156
  winnie37

  how can i fix it then ?

  

  winnie37

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  05/28/2024 at 4:13 PM #233158
  GraHal

  Consider 50 points gain … what is that as a % of instrument price?

  So for DJI at 40000 … 50/40000 = 0.000125.

  So – for DJI at 40,000, you need …

  IF positionperf > 0.000125 THEN
  SET STOP pTRAILING 8
  endif

  The Instruction I linked to above is incorrect when it says PositionPerf is a %.

  PositionPerf is a ratio of Gain to Cost (which it does also says in the link).

  

  GraHal

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  05/28/2024 at 4:27 PM #233159
  GraHal

  Ha did you spot the typo … 50/40000 = 0.00125 (not 0.000125 as above).

  

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  05/28/2024 at 4:40 PM #233160
  winnie37

  Thanks. It’s for dax and cac. And if i prefer in pips ? 🙂

  

  winnie37

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  05/28/2024 at 5:22 PM #233162
  GraHal

  If you prefer pips then you can’t use PositionPerf.

  

  GraHal

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  05/28/2024 at 5:31 PM #233163
  GraHal

  You could use …

  IF longonmarket Then If Close - TradePrice > 50*pipsize Then SET STOP pTRAILING 8 If Close - TradePrice > 30*pipsize Then SET STOP pTRAILING 10 If .... etc endif ENDIF

  1 2 3 4 5 6 7 8

  IF longonmarket Then If Close - TradePrice > 50*pipsize Then SET STOP pTRAILING 8 If Close - TradePrice > 30*pipsize Then SET STOP pTRAILING 10 If .... etc endif ENDIF

   

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  GraHal

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  05/28/2024 at 7:39 PM #233167
  JS

  Hi,

  Also keep in mind that your code will be read from top to bottom and the last “Set Stop pTrailing” will “override” all previous ones… The effect of your original code is the same as this code:

  If OnMarket then

  Set Stop pTrailing 20

  EndIf

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  JS

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  05/29/2024 at 3:13 AM #233178
  XORANDNOT

  Positionprice * positionperf equals gain or loss in pips. So :

  IF positionperf * positionprice > 30 THEN SET STOP pTRAILING 10 endif

  1 2 3

  IF positionperf * positionprice > 30 THEN SET STOP pTRAILING 10 endif

   

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  XORANDNOT

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