Trailing Stop, trouble when I add a trailing stop code

• 07/01/2016 at 10:49 AM #10082
  gutta11

  DEFPARAM FlatBefore = 090000 // Cancel any pending orders, close any positions andprevent placement of additional orders by the trading system before 9:30:00 in the timezone of the strategy. DEFPARAM FlatAfter= 172900 // Cancel any pending orders, close any positions and preventplacement of additional orders by the trading system after 16:00:00 in the time zone ofthe strategy. ONCE PreviousStatus = 0 IF BarIndex = 0THEN XClose = TotalPrice XOpen = (Open+Close) /2 ELSE XClose = TotalPrice XOpen = (XOpen[1]+ Xclose[1]) /2 ENDIF IF XClose >= XOpen THEN IF PreviousStatus <> 1THEN BUY 1 SHARES AT MARKET PreviousStatus = 1 ENDIF ELSE IF PreviousStatus <> -1THEN SELLSHORT 1 SHARES AT MARKET PreviousStatus = -1 ENDIF Endif

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  DEFPARAM FlatBefore  =  090000  // Cancel  any pending  orders, close  any positions  andprevent placement of additional orders by the trading system before 9:30:00 in the timezone of the strategy.   DEFPARAM FlatAfter= 172900 // Cancel any pending orders, close any positions and preventplacement of additional orders by the trading system after 16:00:00 in the time zone ofthe strategy. ONCE PreviousStatus = 0 IF BarIndex = 0THEN XClose = TotalPrice   XOpen = (Open+Close) /2 ELSE XClose = TotalPrice XOpen = (XOpen[1]+ Xclose[1]) /2 ENDIF IF XClose >= XOpen THEN IF PreviousStatus <> 1THEN BUY 1 SHARES AT MARKET PreviousStatus = 1 ENDIF ELSE IF PreviousStatus <> -1THEN SELLSHORT 1 SHARES AT MARKET PreviousStatus = -1 ENDIF Endif

  Hello guys!
  I have tried the “built in” trailing stop but it works not good in real trading.
  So i heard I need something like the code above. Is it correct that the “bulit in” trailing stop doesn’t work very well?
  Maybe I’m doing something wrong…

  However, I made a back test with the code above with DAX and some forex in mixed time frames.
  Every test failed hard..
  Do some of you nice guys have a clue what is happening?
  Take care!
  // Martin

  

  gutta11

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  07/01/2016 at 2:10 PM #10087
  Nicolas

  Well, without implementing the trailing stop function, I can see that your strategy open and sell position accordingly to heiken ashi candlesticks. If the present candlestick direction change, you take position on the opposite direction, it occurs very often and I don’t think that in this case, the trailing stop can do its job!

  

  Nicolas

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  07/12/2016 at 4:04 PM #10430
  gutta11

  Hi!

  Okey I see, big thanks. Is there any code to force the built in trailing stop to start in the next candle and not the same one as it´s opens?
  // Martin

  

  gutta11

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  07/12/2016 at 4:25 PM #10433
  Nicolas

  No, because each conditions are only tested once per bar. But IMO, you should do 2 different trading strategies : one for long orders and another one for short orders, this way trade will not be closed by opposite Heiken Ashi color change and it will give more breathe for your trailing stop to operate. Just my 2 cents.

  

  Nicolas

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