Trailing stop on lowest low

• 02/24/2017 at 10:09 AM #26261
  Ichtiandras

  Hi. Wondering how to encode “lowest [5] (low)” trailing stop counting from the trade time only and returns and stays with the highest value “lowest [5] (low)” after we have trade. Trailing stop value never goes down after rising, displays only the last maximum value of “lowest [5] (low)” in the trade. Thanks

  

  Ichtiandras

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  02/26/2017 at 12:07 PM #26398
  Nicolas

  If I understand correctly, you want your stoploss to move on the last “lowest[5](low)” each time this value is higher than the previous one?

  

  Nicolas

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  02/26/2017 at 12:17 PM #26403
  Ichtiandras

  Yes. After the purchase, the walk up just not down. In order to be stopped in decline.

  

  Ichtiandras

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  02/28/2017 at 12:08 PM #26669
  Nicolas

  OK, here we go, this is a code snippet that should work (not tested, please do your own test in ProBacktest with GRAPH instruction):

  //launch a buy order if the buy condition is met if buycondition then buy 1 contract at market ll = lowest[5](low) stoploss = close-ll set stop loss stoploss endif //make a pseudo trailing stop at each new highest lowest[5](low) if not onmarket then ll=0 endif if lowest[5](low)>ll and ll>0 then ll=lowest[5](low) endif if longonmarket then SELL AT ll STOP endif

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  //launch a buy order if the buy condition is met if buycondition then buy 1 contract at market ll = lowest[5](low) stoploss = close-ll set stop loss stoploss endif   //make a pseudo trailing stop at each new highest lowest[5](low) if not onmarket then ll=0 endif   if lowest[5](low)>ll and ll>0 then ll=lowest[5](low) endif   if longonmarket then SELL AT ll STOP endif

   

  

  Nicolas

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  03/16/2017 at 10:41 PM #28816
  fredd81

  Hi, trying to get this code to work but it wont, any advice ?

  IF c1 and c2 and c3 and NOT ONMARKET THEN buy positionsize CONTRACTS at high+2 stop ll = lowest[5](low) stoploss = close-ll set stop loss stoploss endif //make a pseudo trailing stop at each new highest lowest[5](low) if not onmarket then ll=0 endif if lowest[5](low)>ll and ll>0 then ll=lowest[5](low) endif if longonmarket then SELL AT ll STOP endif SET TARGET PPROFIT 40

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  IF c1 and c2 and c3 and NOT ONMARKET THEN buy positionsize CONTRACTS at high+2 stop   ll = lowest[5](low) stoploss = close-ll set stop loss stoploss endif   //make a pseudo trailing stop at each new highest lowest[5](low) if not onmarket then ll=0 endif   if lowest[5](low)>ll and ll>0 then ll=lowest[5](low) endif   if longonmarket then SELL AT ll STOP endif   SET TARGET PPROFIT 40

   

  

  fredd81

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  03/17/2017 at 8:55 AM #28843
  Nicolas

  Did you graph “ll” to see if it’s moving?

  GRAPH ll as "my lowest low trailing stop level !"

  1	GRAPH ll as "my lowest low trailing stop level !"

  Add this line into your code and launch a backtest please.

   

  

  Nicolas

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  03/21/2017 at 10:40 PM #29366
  fredd81

  Got it working but not as i thought

  Wanted the stop to be behind the entry price bar on the lowest low within x bars away, took away the trailing but dint work, code as follow

  IF c1 AND c2 and c3 AND NOT ONMARKET THEN buy positionsize CONTRACTS at high+2 stop ENDIF ll = lowest[x](low) stoploss = close-ll set stop loss stoploss if longonmarket then SELL AT ll STOP endif GRAPH ll as "my lowest low trailing stop level !" SET TARGET PPROFIT 55

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  IF c1 AND c2 and c3 AND NOT ONMARKET THEN   buy positionsize CONTRACTS at high+2 stop ENDIF   ll = lowest[x](low) stoploss = close-ll set stop loss stoploss       if longonmarket then SELL AT ll STOP endif GRAPH ll as "my lowest low trailing stop level !"   SET TARGET PPROFIT 55

   

  

  fredd81

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  03/27/2017 at 2:41 PM #29994
  Nicolas

  You should look at this blog article on how to make a stoploss with an indicator value.

  The lowest low of X periods is the lower band of a Donchian Channel of X periods.

   

  

  Nicolas

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  03/27/2017 at 3:09 PM #30003
  juanj

  @Nicolas referring to the recent post at https://www.prorealcode.com/topic/trailing-stop-loss/ can you possibly assist us in coding a manual Trailing Stop that will work the same as the Set Stop pTrailing function. I have attempted to code it but it is unfortunately not working as I imagined it to work.

  

  juanj

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