Trailing Loss + Breakeven

• 12/18/2020 at 10:22 AM #154245
  Tanou

  Hello everyone, hope you are well! 🙂

   

  I have a problem that I can’t figure out…

   

  Bellow is the code I’d like to use to get my SL. I’d like it to follow the trade if it become positive otherwise, I’d like that if the price crosses the SSpanB it stops. (I tried only for the long for now)

   

  Can you help me a bit? 😀

   

  Thanks!

  Trailing Stop + Breakeven

  PointsToKeep = 10 // startBreakeven = 6 //Pas en dessous de 6 once breakeven = 1//1 on - 0 off //reset the breakevenLevel when no trade are on market if breakeven>0 then 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 THEN //calculate the breakevenLevel breakevenLevel = price - PointsToKeep Elsif LONGONMARKET and price crosses under SSpanB THEN EXITSHORT at market ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF // --- end of BUY SIDE --- IF SHORTONMARKET AND tradeprice(1)-close>startBreakeven THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP ENDIF endif

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  PointsToKeep = 10 // startBreakeven = 6 //Pas en dessous de 6   once breakeven = 1//1 on - 0 off   //reset the breakevenLevel when no trade are on market if breakeven>0 then 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 THEN //calculate the breakevenLevel breakevenLevel = price - PointsToKeep Elsif LONGONMARKET and price crosses under SSpanB THEN EXITSHORT at market ENDIF   //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF // --- end of BUY SIDE ---   IF SHORTONMARKET AND tradeprice(1)-close>startBreakeven THEN   //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP ENDIF endif

   

  

  Tanou

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  12/18/2020 at 10:42 AM #154249
  robertogozzi

  To exit from a Long trade you have to use SELL (not EXITSHORT).

   

  

  robertogozzi

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