Trailing Stop

• 10/01/2016 at 7:39 PM #14044
  baaz

  Hi’ guys,

  I am trying to complete a code for automatic trading. I want to use trailing stop, but would like to know following:

  1. Does the minimum amount for stoploss need to be the one provided by IG (am using IG as broker)? E.g. 25 points for DAX? Or would ProOrder be able to handle lower number?
  2. Can I somehow use time delay in the trailing stop? E.g. it should stop after 10-15 sec?

   

  Also, when I backtest the strategy – I guess I need to consider the spread in buy/sell rates?

  Thanks.

  

  baaz

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  10/02/2016 at 9:18 AM #14048
  Elsborgtrading

  Hi Baaz.

  IG always sets the minimum points away from a SL- however it not 25 points but rather between 6 and 10 for IG DAX. PRT needs to uphold this limmit or IG will reject the order.

  you Traling stop will be recalculated at the beginning ofeach timeframe you use for your Proorder- so I don’t see a possibility of a delay.

  However there is a code  that is more refined than the standard build in traling SL, that might be useful.

  Cheers Kasper

   

  

  Elsborgtrading

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  10/02/2016 at 5:18 PM #14065
  baaz

  Tak Kasper. Endnu en dansker her… 🙂

  I am experimenting an aggresive scalper for DAX using stochastics between 80 and 20 values for shorts and longs respectively. To maximize gaing and winning trades, I want to try a tight trailing stop, while the TP would be 1.5% away. I also need to consider the spread.

  How would you advise to integrate a tight SL and still have 85%+ winning trade and maximum gain loss ratio??

   

   

  

  baaz

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  10/02/2016 at 6:50 PM #14073
  Elsborgtrading

  Ja lige præcis:-)

  I also tried to make a scalping code, but realized as long as I was not allowed 2 points SL in DAX it would not be profitable. However when the possibility for multiframe coding becomes available in 10.3 it is perhaps possible.

  I don’t know really how to make the tight SL as IG would have considerable large spreads on DAX. you could play around with the code from earlier or perhaps use  %profit or %loss code. I don’t know how familiar you are with developing code or PRT, but the function here and here would be a great help if you want to optimize your variables. and also be aware of the downside of zero bar trading.

   

  

  Elsborgtrading

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  07/30/2017 at 7:04 PM #42027
  baaz

  Thanks Kasper.

  Do you think an indicator based trade exit trigger would be useful instead of the ordinary point based trailing stops?

  I øvrigt, hvor længe har du være aktiv trader og går det godt med forretningen? 🙂

  

  baaz

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