STOPLOSS STUCK AFTER BEING SET

• 05/22/2018 at 12:04 AM #71038
  aland

  I wrote this code below.

  When a certain price level is reached I want to move the stop loss to the entry price. but once it is set trying to set it again does not work.

  I saw that the code is reached but has no effect.

  any advise would be highly appreciated

  setting stop loss more than once does not work

  IF ONMARKET THEN IF LONGONMARKET THEN LongTriggered=1 IF(Close - POSITIONPRICE)>= ZeroRiskLevel THEN State=13 SET STOP LOSS POSITIONPRICE//0 ENDIF ELSIF SHORTONMARKET THEN ShortTriggered=1 IF(POSITIONPRICE-Close)>= ZeroRiskLevel THEN State=14 SET STOP LOSS POSITIONPRICE//0 ENDIF ENDIF //FOR EACH BAR ELSIF NOT ONMARKET THEN IF InitDailyProfit>=StrategyProfit THEN // if no profit was made today continues. else wait for next day IF LongTriggered=0 THEN BUY StakeSize CONTRACTS AT MyBuyprice stop ENDIF IF ShortTriggered=0 THEN SELLSHORT StakeSize CONTRACTS AT MySellprice stop ENDIF SET STOP LOSS StopLoss SET TARGET PROFIT StopLimit ENDIF ENDIF

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  IF ONMARKET THEN   IF LONGONMARKET THEN LongTriggered=1 IF(Close - POSITIONPRICE)>= ZeroRiskLevel THEN State=13 SET STOP LOSS POSITIONPRICE//0 ENDIF ELSIF SHORTONMARKET THEN ShortTriggered=1 IF(POSITIONPRICE-Close)>= ZeroRiskLevel THEN State=14 SET STOP LOSS POSITIONPRICE//0 ENDIF ENDIF //FOR EACH BAR ELSIF NOT ONMARKET THEN IF InitDailyProfit>=StrategyProfit THEN // if no profit was made today continues. else wait for next day IF LongTriggered=0 THEN BUY StakeSize CONTRACTS AT MyBuyprice stop ENDIF IF ShortTriggered=0 THEN SELLSHORT StakeSize CONTRACTS AT MySellprice stop ENDIF SET STOP LOSS StopLoss SET TARGET PROFIT StopLimit ENDIF ENDIF

   

   

  

  aland

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  05/22/2018 at 11:53 AM #71092
  aland

  I think the problem could be changing a stop loss when a buy/sell is already active.

  how can this be done?

  is there a workaround with trailing stop or other thoughts?

  

  aland

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  05/22/2018 at 12:28 PM #71094
  jebus89

  There are 2 solutions for u, search for the “breakeven” stop loss + the MFE trailing stop loss on this forum.

  Breakeven stop loss is self explanatory

  The MFE trailing waits for price to close over a certain amount of pips and then start trailing with XX trailing stop.

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  aland

  

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  05/22/2018 at 2:06 PM #71099
  aland

  yes that is exactly what I was looking for thanks!

  Now I realize that instead of setting a new stoploss I need to set a SELL/SHORTSELL instead.

  Good to know

  Thanks

  

  aland

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  05/22/2018 at 4:13 PM #71117
  Paul

  Hi here is an example

  It uses % instead of points.

  BreakEvenStop = 1 // BreakEvenStop and BreakEvenStop Minimum Gain

  1	BreakEvenStop = 1 // BreakEvenStop and BreakEvenStop Minimum Gain

  bs = 1.00 // % BreakEvenStop bsm= 0.10 // % BreakEvenStop Minimum Gain

  1 2	bs = 1.00  // % BreakEvenStop bsm= 0.10  // % BreakEvenStop Minimum Gain

   

  if tcShort and tcxShort then if (s0 or s1 or s2 or s3 or s4 or s5 or s6 or s7 or s8 or s9) then sellshort positionsize contract at market shorttradecounter=shorttradecounter + 1 If BreakEvenStop then SET STOP %LOSS bsm endif endif endif endif // BreakEvenStop If BreakEvenStop then if not onmarket then newSL=0 endif If longonmarket and close-tradeprice(1)>=((tradeprice/100)*bs)*pipsize then newSL = tradeprice(1)+((tradeprice/100)*bsm)*pipsize endif If shortonmarket and tradeprice(1)-close>=((tradeprice/100)*bs)*pipsize then newSL = tradeprice(1)-((tradeprice/100)*bsm)*pipsize endif If newSL>0 then sell at newSL Stop exitshort at newSL Stop endif endif

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  if tcShort and tcxShort then if (s0 or s1 or s2 or s3 or s4 or s5 or s6 or s7 or s8 or s9) then sellshort positionsize contract at market shorttradecounter=shorttradecounter + 1 If BreakEvenStop then SET STOP %LOSS bsm endif endif endif endif   // BreakEvenStop If BreakEvenStop then if not onmarket then newSL=0 endif If longonmarket and close-tradeprice(1)>=((tradeprice/100)*bs)*pipsize then newSL = tradeprice(1)+((tradeprice/100)*bsm)*pipsize endif If shortonmarket and tradeprice(1)-close>=((tradeprice/100)*bs)*pipsize then newSL = tradeprice(1)-((tradeprice/100)*bsm)*pipsize endif If newSL>0 then sell at newSL Stop exitshort at newSL Stop endif endif

   

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  Paul

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  05/23/2018 at 1:22 AM #71132
  aland

  Even after this change I don’t think my code works as expected. Looking at the charts I don’t see it exit when the “break even” price is reached.

  Here is the part of the code that deals with “on market” case. what do you think?

  the state is reached (state 13 and 14 in this example)

  IF ONMARKET THEN IF LONGONMARKET THEN LongTriggered=1 IF(Close - POSITIONPRICE)>= ZeroRiskLevel THEN State=13 //SET STOP LOSS POSITIONPRICE//0 SELL AT POSITIONPRICE STOP ENDIF ELSIF SHORTONMARKET THEN ShortTriggered=1 IF(POSITIONPRICE-Close)>= ZeroRiskLevel THEN State=14 //SET STOP LOSS POSITIONPRICE//0 EXITSHORT AT POSITIONPRICE STOP ENDIF ENDIF

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  IF ONMARKET THEN IF LONGONMARKET THEN LongTriggered=1 IF(Close - POSITIONPRICE)>= ZeroRiskLevel THEN State=13 //SET STOP LOSS POSITIONPRICE//0 SELL AT POSITIONPRICE STOP ENDIF ELSIF SHORTONMARKET THEN ShortTriggered=1 IF(POSITIONPRICE-Close)>= ZeroRiskLevel THEN State=14 //SET STOP LOSS POSITIONPRICE//0 EXITSHORT AT POSITIONPRICE STOP ENDIF ENDIF

   

  

  aland

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  05/23/2018 at 7:24 AM #71137
  jebus89

  Did u try the breakeven code from forum?

   

  Copy pastaed the example with the breakeven code in it..

  defparam cumulateorders = false startBreakeven = 30 //how much pips/points in gain to activate the breakeven function? PointsToKeep = 5 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) c1 = RSI[14] crosses over 50 if c1 then BUY 1 LOT AT MARKET SET STOP PLOSS 50 //first stoploss endif //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF // --- end of BUY SIDE ---

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  defparam cumulateorders = false   startBreakeven = 30 //how much pips/points in gain to activate the breakeven function? PointsToKeep = 5 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread)   c1 = RSI[14] crosses over 50   if c1 then BUY 1 LOT AT MARKET SET STOP PLOSS 50 //first stoploss endif   //reset the breakevenLevel when no trade are on market   IF NOT ONMARKET THEN breakevenLevel=0 ENDIF   // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF   //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF // --- end of BUY SIDE ---

   

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  jebus89

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  05/23/2018 at 9:28 AM #71145
  aland

  Thanks

  I used a similar code as I wrote above and specifically added this:

  SELL AT POSITIONPRICE STOP

  following the forum code you mentioned.

  it seems to have not made a change in the charts though. If I put a breakeven of 100 pts or 40 pts the gains don’t change even though they should have

  So it is either a problem with my code or a problem with the detailed report in ProRealCode (I am guessing it’s my code but I don’t know what the problem is)…

   

  

  aland

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  05/23/2018 at 10:19 AM #71156
  jebus89

  startBreakeven = 30 //how much pips/points in gain to activate the breakeven function? PointsToKeep = 5 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF // --- end of BUY SIDE ---

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  startBreakeven = 30 //how much pips/points in gain to activate the breakeven function? PointsToKeep = 5 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread)    //reset the breakevenLevel when no trade are on market   IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF // --- end of BUY SIDE ---

   

   

  Can u try to add this exact code at the bottom and check ur detailed report?

  As soon as profit > 30 pips (on a closed candle, not the high of the candle), this should close your trade at the least 5 pips in profit (without calculating spread and cost ofc.)

  

  jebus89

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  09/17/2019 at 10:29 AM #107834
  frenqle

  how to make this code for the short market???

  startBreakeven = 30 //how much pips/points in gain to activate the breakeven function? PointsToKeep = 5 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // — BUY SIDE — //test if the price have moved favourably of “startBreakeven” points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF // — end of BUY SIDE —

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  startBreakeven = 30 //how much pips/points in gain to activate the breakeven function? PointsToKeep = 5 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread)   //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF   // — BUY SIDE — //test if the price have moved favourably of “startBreakeven” points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF   //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF // — end of BUY SIDE —

   

  

  frenqle

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  09/17/2019 at 10:36 AM #107836
  robertogozzi

  @frenqle

  For clarity of messages on ProRealCode’s forums, please use the “insert code PRT” button to separate the text of the code part!
  Thank you!

   

  

  robertogozzi

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  09/17/2019 at 10:41 AM #107838
  robertogozzi

  This is the code (you could have found it already coded, with a slightly different approach, at https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/):

  startBreakeven = 30 //how much pips/points in gain to activate the breakeven function? PointsToKeep = 5 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // — BUY SIDE — //test if the price have moved favourably of “startBreakeven” points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 AND LongOnMarket THEN SELL AT breakevenLevel STOP ENDIF // // — SHORT SIDE — //test if the price have moved favourably of “startBreakeven” points already IF SHORTONMARKET AND tradeprice(1)-close>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 AND ShortOnMarket THEN EXITSHORT AT breakevenLevel STOP ENDIF

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  startBreakeven = 30 //how much pips/points in gain to activate the breakeven function? PointsToKeep = 5 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // — BUY SIDE — //test if the price have moved favourably of “startBreakeven” points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 AND LongOnMarket THEN SELL AT breakevenLevel STOP ENDIF // // — SHORT SIDE — //test if the price have moved favourably of “startBreakeven” points already IF SHORTONMARKET AND tradeprice(1)-close>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 AND ShortOnMarket THEN EXITSHORT AT breakevenLevel STOP ENDIF

   

  

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