Trailing Stop and Breakeven codes

• 03/10/2019 at 10:54 AM #93285
  Gianluca

  I hope this could help, theese are the codes i use for all my algos and they are all made by Nicolas and 1 by Ale, i see that there are many post about it and sometimes could be hard for new users to found it, maybe Nicola could make 1 single post on the library with this, but i ask for a check because somethimes in my algos there is some problems with it. (sorry for my english ehehe)

  //1/TRAILING STOP////////////////////////////////////////////////////// once trailinstop= 0 //1 on - 0 off trailingstart = 140 //trailing will start @trailinstart points profit trailingstep = 10 //trailing step to move the "stoploss" ///2 BREAKEAVEN/////////// once breakeaven = 0 //1 on - 0 off 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) //3 MFE excursion //trailing stop ONCE MFE=0 TRAILINGMFE = 20 //4/// logic trailing ale ONCE logictrailing=0 TGL =22 TGS=21 //************************************************************************ //1 trailing stop function if trailinstop>0 then //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF endif /////////////////////////// ///2/////////////////////////////////////////////// //reset the breakevenLevel when no trade are on market if breakeaven>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*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 --- 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 THEN EXITSHORT AT breakevenLevel STOP ENDIF endif //3// MFE EXCURSION//// if MFE>0 then //resetting variables when no trades are on market if not onmarket then MAXPRICEMFE = 0 MINPRICEMFE = close priceexitMFE = 0 endif //case SHORT order if shortonmarket then MINPRICE = MIN(MINPRICEMFE,close) //saving the MFE of the current trade if tradeprice(1)-MINPRICEMFE>=TRAILINGMFE*pointsize then //if the MFE is higher than the trailingstop then priceexitMFE = MINPRICEMFE+TRAILINGMFE*pointsize //set the exit price at the MFE + trailing stop price level endif endif //case LONG order if longonmarket then MAXPRICEMFE = MAX(MAXPRICEMFE,close) //saving the MFE of the current trade if MAXPRICEMFE-tradeprice(1)>=TRAILINGMFE*pointsize then //if the MFE is higher than the trailingstop then priceexitMFE = MAXPRICEMFE-TRAILINGMFE*pointsize //set the exit price at the MFE - trailing stop price level endif endif //exit on trailing stop price levels if onmarket and priceexitMFE>0 then EXITSHORT AT priceexitMFE STOP SELL AT priceexitMFE STOP endif ENDIF ///4 Logic trailing ale // LOGIC TRAILING STOP //RESET if logictrailing>0 then IF NOT ONMARKET THEN MAXPRICE = 0 MINPRICE = CLOSE PREZZOUSCITA = 0 ENDIF //SE LONG ALLORA: IF LONGONMARKET THEN MAXPRICE = MAX(MAXPRICE,CLOSE) //SAVING THE MFE OF THE CURRENT TRADE IF MAXPRICE-TRADEPRICE(1)>=TGL*POINTSIZE THEN //IF THE MFE IS HIGHER THAN THE TRAILINGSTOP THEN PREZZOUSCITA = MAXPRICE-TGL*POINTSIZE //SET THE EXIT PRICE AT THE MFE - TRAILING STOP PRICE LEVEL ENDIF ENDIF IF SHORTONMARKET THEN MINPRICE = MIN(MINPRICE,CLOSE) //SAVING THE MFE OF THE CURRENT TRADE IF TRADEPRICE(1)-MINPRICE>=TGS*POINTSIZE THEN //IF THE MFE IS HIGHER THAN THE TRAILINGSTOP THEN PREZZOUSCITA = MINPRICE+TGS*POINTSIZE //SET THE EXIT PRICE AT THE MFE + TRAILING STOP PRICE LEVEL ENDIF ENDIF //EXIT ON TRAILING STOP PRICE LEVELS IF ONMARKET AND PREZZOUSCITA>0 THEN EXITSHORT AT PREZZOUSCITA STOP SELL AT PREZZOUSCITA STOP ENDIF endif

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  //1/TRAILING STOP////////////////////////////////////////////////////// once trailinstop= 0   //1 on - 0 off trailingstart = 140 //trailing will start @trailinstart points profit trailingstep = 10 //trailing step to move the "stoploss" ///2 BREAKEAVEN/////////// once breakeaven = 0    //1 on - 0 off 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) //3 MFE excursion //trailing stop ONCE MFE=0 TRAILINGMFE = 20 //4/// logic trailing ale ONCE logictrailing=0 TGL =22 TGS=21   //************************************************************************ //1 trailing stop function if trailinstop>0 then //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF   //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF   //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF   //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF endif ///////////////////////////                   ///2/////////////////////////////////////////////// //reset the breakevenLevel when no trade are on market if breakeaven>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*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 ---   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 THEN EXITSHORT AT breakevenLevel STOP ENDIF endif     //3// MFE EXCURSION////   if MFE>0 then //resetting variables when no trades are on market if not onmarket then MAXPRICEMFE = 0 MINPRICEMFE = close priceexitMFE = 0 endif   //case SHORT order if shortonmarket then MINPRICE = MIN(MINPRICEMFE,close) //saving the MFE of the current trade if tradeprice(1)-MINPRICEMFE>=TRAILINGMFE*pointsize then //if the MFE is higher than the trailingstop then priceexitMFE = MINPRICEMFE+TRAILINGMFE*pointsize //set the exit price at the MFE + trailing stop price level endif endif   //case LONG order if longonmarket then MAXPRICEMFE = MAX(MAXPRICEMFE,close) //saving the MFE of the current trade if MAXPRICEMFE-tradeprice(1)>=TRAILINGMFE*pointsize then //if the MFE is higher than the trailingstop then priceexitMFE = MAXPRICEMFE-TRAILINGMFE*pointsize //set the exit price at the MFE - trailing stop price level endif endif   //exit on trailing stop price levels if onmarket and priceexitMFE>0 then EXITSHORT AT priceexitMFE STOP SELL AT priceexitMFE STOP endif ENDIF         ///4 Logic trailing ale // LOGIC TRAILING STOP //RESET if logictrailing>0 then IF NOT ONMARKET THEN MAXPRICE = 0 MINPRICE = CLOSE PREZZOUSCITA = 0 ENDIF   //SE LONG ALLORA: IF LONGONMARKET THEN MAXPRICE = MAX(MAXPRICE,CLOSE) //SAVING THE MFE OF THE CURRENT TRADE IF MAXPRICE-TRADEPRICE(1)>=TGL*POINTSIZE THEN //IF THE MFE IS HIGHER THAN THE TRAILINGSTOP THEN PREZZOUSCITA = MAXPRICE-TGL*POINTSIZE //SET THE EXIT PRICE AT THE MFE - TRAILING STOP PRICE LEVEL ENDIF ENDIF IF SHORTONMARKET THEN MINPRICE = MIN(MINPRICE,CLOSE) //SAVING THE MFE OF THE CURRENT TRADE IF TRADEPRICE(1)-MINPRICE>=TGS*POINTSIZE THEN //IF THE MFE IS HIGHER THAN THE TRAILINGSTOP THEN PREZZOUSCITA = MINPRICE+TGS*POINTSIZE //SET THE EXIT PRICE AT THE MFE + TRAILING STOP PRICE LEVEL ENDIF ENDIF //EXIT ON TRAILING STOP PRICE LEVELS IF ONMARKET AND PREZZOUSCITA>0 THEN EXITSHORT AT PREZZOUSCITA STOP SELL AT PREZZOUSCITA STOP ENDIF endif

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  Gianluca

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  03/10/2019 at 11:12 AM #93286
  GraHal

  Great idea Gianluca … just what I needed!

  Link to above post added to here 

  Snippet Link Library

   

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  GraHal

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  03/10/2019 at 11:13 AM #93287
  GraHal

  Gianluca wrote:

  but i ask for a check because somethimes in my algos there is some problems with it

  Do you have problems with all 4 x TS Codes or just one specific TS Code?

  

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  03/10/2019 at 3:41 PM #93290
  Gianluca

  only the breakeven

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  03/10/2019 at 6:12 PM #93293
  Paul

  @Gianluca make sure the trailing stop is above the breakeven. Makes a difference too.

   

  Using above codes, then you have to use “not on market” as entry condition.

  However, if you have long position and get a short signal you want to reverse immediately right, but that maybe get’s skipped now since it’s waiting for the active trade to first hit a target (stoploss, trailing-stop, breakeven etc) because of “not on market” condition.

  If you use those codes, and do not use “not on market” as entry criteria, you may get unexpected results.

   

  That’s an issue and influences WF and optimisation results. I think it creates fake WF results! (but perhaps looking nicer)

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  03/11/2019 at 5:40 PM #93374
  Gianluca

  Paul wrote:

  If you use those codes, and do not use “not on market” as entry criteria, you may get unexpected results.

  thank you, but i put in all my codes the code

  not onmarket

  1	not onmarket

  🙂 i am only intraday trader for now, stoppend all the multidays except for the pathfinder swing

  

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  05/24/2019 at 2:22 PM #99370
  Luce

  Hi Paul, I wonder wether you can help here – I’ve coded the below as far as I can get but seem to be just missing one minor detail! I’m Still working on a way to combine a trailing stop with a trailing step that becomes a fixed stop – i.e Trade is a buy open with a 10pt stop, if it moves 2 up, your stop is now 8, if it moves another 2, it’s now 6 but when it gets to 10, so break even on a 1-1, it becomes fixed. Currently I only get a trailing to stop at breakeven, so still risking the full 10.

  I notice that with this although I’m getting the result of the trailing stop at breakeven which is great, the trailing stop still seems to be live with a step as the deal closes sometimes later at 25 or 35 or 45 etc…great problem to have but not what I want as I lose on bigger moves.

  Adding a trailing stop after the first one becomes fixed would be the next part, so if it moves another 30 pts you bank another 10 for example. I’m thinking this is a simple code tweak..? Code below, perhaps you can help me..?

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 143000 timeEnterBefore = time >= noEntryBeforeTime // Conditions to enter long positions indicator1 = SuperTrend[4,90] c1 = (close CROSSES OVER indicator1) IF c1 AND timeEnterBefore THEN BUY 10 PERPOINT AT MARKET ENDIF // Conditions to exit long positions indicator2 = SuperTrend[4,90] c2 = (close CROSSES UNDER indicator2) IF c2 THEN SELL AT MARKET ENDIF // Conditions to enter short positions indicator3 = SuperTrend[4,90] c3 = (close CROSSES UNDER indicator3) IF c3 AND timeEnterBefore THEN SELLSHORT 10 PERPOINT AT MARKET ENDIF // Conditions to exit short positions indicator4 = SuperTrend[4,90] c4 = (close CROSSES OVER indicator4) IF c4 THEN EXITSHORT AT MARKET ENDIF //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // Stops and targets SET STOP pTRAILING 20 //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 143000 timeEnterBefore = time >= noEntryBeforeTime   // Conditions to enter long positions indicator1 = SuperTrend[4,90] c1 = (close CROSSES OVER indicator1)   IF c1 AND timeEnterBefore THEN BUY 10 PERPOINT AT MARKET   ENDIF   // Conditions to exit long positions indicator2 = SuperTrend[4,90] c2 = (close CROSSES UNDER indicator2)   IF c2 THEN SELL AT MARKET ENDIF   // Conditions to enter short positions indicator3 = SuperTrend[4,90] c3 = (close CROSSES UNDER indicator3)   IF c3 AND timeEnterBefore THEN SELLSHORT 10 PERPOINT AT MARKET   ENDIF   // Conditions to exit short positions indicator4 = SuperTrend[4,90] c4 = (close CROSSES OVER indicator4)   IF c4 THEN EXITSHORT AT MARKET ENDIF   //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF   // Stops and targets SET STOP pTRAILING 20   //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF

   

  

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  05/24/2019 at 5:03 PM #99383
  Paul

  Nothing is a simple tweak or maybe it is for the experts.

  Have a look in the snippet link library for some ideas.

  i.e. Trailing Stop Loss and Trailing Take Profit from Vonasi.

  

  Paul

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  05/01/2020 at 7:17 AM #129156
  bertrandpinoy

  do you use all 4 codes in the same strategy? or only 1 code in 1strategie?

  

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  05/01/2020 at 10:45 AM #129176
  nonetheless

  Hi @Paul — this is my preferred trailing code. Should I have ‘not onmarket’ in the entry conditions? I’ve tried it with and without but back test results are identical.

  //%trailing stop function trailingPercent = tst stepPercent = st if onmarket then trailingstart = tradeprice(1)*(trailingpercent/100) //trailing will start @trailingstart points profit trailingstep = tradeprice(1)*(stepPercent/100) //% step to move the stoploss endif //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart THEN newSL = tradeprice(1)+trailingstep ENDIF //next moves IF newSL>0 AND close-newSL>trailingstep THEN newSL = newSL+trailingstep ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart THEN newSL = tradeprice(1)-trailingstep ENDIF //next moves IF newSL>0 AND newSL-close>trailingstep THEN newSL = newSL-trailingstep ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

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  //%trailing stop function trailingPercent = tst stepPercent = st if onmarket then trailingstart = tradeprice(1)*(trailingpercent/100) //trailing will start @trailingstart points profit trailingstep = tradeprice(1)*(stepPercent/100) //% step to move the stoploss endif //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart THEN newSL = tradeprice(1)+trailingstep ENDIF //next moves IF newSL>0 AND close-newSL>trailingstep THEN newSL = newSL+trailingstep ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart THEN newSL = tradeprice(1)-trailingstep ENDIF //next moves IF newSL>0 AND newSL-close>trailingstep THEN newSL = newSL-trailingstep ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

   

  

  nonetheless

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  05/01/2020 at 11:58 AM #129187
  Paul

  nonetheless wrote:

  Should I have ‘not onmarket’ in the entry conditions? I’ve tried it with and without but back test results are identical.

  Hi, I don’t prefer that. When optimising for good signals, all signals should have value, regardless if there’s a position in opposite direction or not.

  You could try this, made it a bit as my other trailing stops. Tested with not onmarket  and without in entry conditions and have different results.

  // %trailing stop function once trailingstoptype = 1 // trailing stop - 0 off, 1 on once trailingpercent = 0.3 //trailing will start @trailingstart points profit once steppercent = 0.1 //% step to move the stoploss once sensitivityts = 1 // [0]close;[1]high/low // if trailingstoptype then if onmarket then trailingstart =tradeprice(1)*(trailingpercent/100) trailingstep = tradeprice(1)*(steppercent/100) endif //reset the stoploss value if not onmarket or ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then newsl=0 endif // if sensitivityts then sensitivitytslong=high sensitivitytsshort=low else sensitivitytslong=close sensitivitytsshort=close endif //manage long positions if longonmarket then //first move (breakeven) if newsl=0 and sensitivitytslong-tradeprice(1)>=trailingstart then newsl = tradeprice(1)+trailingstep endif //next moves if newsl>0 and close-newsl>trailingstep then newsl = newsl+trailingstep endif endif //manage short positions if shortonmarket then //first move (breakeven) if newsl=0 and tradeprice(1)-sensitivitytsshort>=trailingstart then newsl = tradeprice(1)-trailingstep endif //next moves if newsl>0 and newsl-close>trailingstep then newsl = newsl-trailingstep endif endif if longonmarket then if newsl>0 then sell at newsl stop endif if newsl>0 then if low crosses under newsl then sell at market //when stop is rejected endif endif endif // if shortonmarket then if newsl>0 then exitshort at newsl stop endif if newsl>0 then if high crosses over newsl then exitshort at market //when stop is rejected endif endif endif endif

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  // %trailing stop function once trailingstoptype     = 1   // trailing stop - 0 off, 1 on   once trailingpercent      = 0.3 //trailing will start @trailingstart points profit once steppercent          = 0.1 //% step to move the stoploss   once sensitivityts        = 1   // [0]close;[1]high/low // if trailingstoptype then   if onmarket then trailingstart =tradeprice(1)*(trailingpercent/100) trailingstep = tradeprice(1)*(steppercent/100) endif //reset the stoploss value if not onmarket or ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then newsl=0 endif // if sensitivityts then sensitivitytslong=high sensitivitytsshort=low else sensitivitytslong=close sensitivitytsshort=close endif   //manage long positions if longonmarket then //first move (breakeven) if newsl=0 and sensitivitytslong-tradeprice(1)>=trailingstart then newsl = tradeprice(1)+trailingstep endif //next moves if newsl>0 and close-newsl>trailingstep then newsl = newsl+trailingstep endif endif //manage short positions if shortonmarket then //first move (breakeven) if newsl=0 and tradeprice(1)-sensitivitytsshort>=trailingstart then newsl = tradeprice(1)-trailingstep endif //next moves if newsl>0 and newsl-close>trailingstep then newsl = newsl-trailingstep endif endif if longonmarket then if newsl>0 then sell at newsl stop endif if newsl>0 then if low crosses under newsl then sell at market //when stop is rejected endif endif endif // if shortonmarket then if newsl>0 then exitshort at newsl stop endif if newsl>0 then if high crosses over newsl then exitshort at market //when stop is rejected endif endif endif endif

   

   

   

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  ginko, nonetheless

  

  Paul

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  07/24/2020 at 3:32 PM #140047
  Franro

  Very good post. I´ve recently worked with a low tf (2,3m) robots and I put many hours in the trailing stop code. I get really good results with OOS/IS 70/30 with kind of high trailingstep (over 1%). When I think about one low tf 2-3min bot running over 1% I feel like it gets very curve fit even tho I run it 5 times and get 50+ wfe.

  Do you guys have any tips to add in a low tf bot? Is breakeven, atr or other opitions a MUST have in the trailstop. Or should i just optimize the system with max 0.7% trailingpercent?

  I would appriceate all thoughts. Thanks!

   

   

  

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  08/17/2020 at 7:33 PM #141875
  Gianluca

  I think depends by the strategy 🙂

  

  Gianluca

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  09/25/2020 at 3:18 PM #145404
  Paul

  small change to code above. Splitted for long & short, added one for sensitivity to see difference and used accelerator, if using bigger percentage means bigger steps.

  // trailing stop percentage once trailingstoptype2 = 1 if trailingstoptype2 then //==================== once trailingpercentlong = 0.333 // % once trailingpercentshort = 0.333 // % once accelerator = 1 // 1 = default; always > 0 (i.e. 0.5-3) once ts2sensitivity = 1 // [0]close;[1]high/low;[2]low;high //==================== once steppercentlong = (trailingpercentlong/10)*accelerator once steppercentshort = (trailingpercentshort/10)*accelerator if onmarket then trailingstartlong = tradeprice(1)*(trailingpercentlong/100) trailingstartshort = tradeprice(1)*(trailingpercentshort/100) trailingsteplong = tradeprice(1)*(steppercentlong/100) trailingstepshort = tradeprice(1)*(steppercentshort/100) endif if not onmarket or ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then newsl=0 endif if ts2sensitivity=1 then ts2sensitivitylong=high ts2sensitivityshort=low elsif ts2sensitivity=2 then ts2sensitivitylong=low ts2sensitivityshort=high else ts2sensitivitylong=close ts2sensitivityshort=close endif if longonmarket then if newsl=0 and ts2sensitivitylong-tradeprice(1)>=trailingstartlong then newsl = tradeprice(1)+trailingsteplong endif if newsl>0 and ts2sensitivitylong-newsl>trailingsteplong then newsl = newsl+trailingsteplong endif endif if shortonmarket then if newsl=0 and tradeprice(1)-ts2sensitivityshort>=trailingstartshort then newsl = tradeprice(1)-trailingstepshort endif if newsl>0 and newsl-ts2sensitivityshort>trailingstepshort then newsl = newsl-trailingstepshort endif endif if barindex-tradeindex>1 then if longonmarket then if newsl>0 then sell at newsl stop endif if newsl>0 then if low crosses under newsl then sell at market endif endif endif if shortonmarket then if newsl>0 then exitshort at newsl stop endif if newsl>0 then if high crosses over newsl then exitshort at market endif endif endif endif endif

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71

  // trailing stop percentage once trailingstoptype2 = 1   if trailingstoptype2 then //==================== once trailingpercentlong  = 0.333 // % once trailingpercentshort = 0.333 // % once accelerator     = 1 // 1 = default; always > 0 (i.e. 0.5-3) once ts2sensitivity  = 1 // [0]close;[1]high/low;[2]low;high //==================== once steppercentlong  = (trailingpercentlong/10)*accelerator once steppercentshort = (trailingpercentshort/10)*accelerator if onmarket then trailingstartlong = tradeprice(1)*(trailingpercentlong/100) trailingstartshort = tradeprice(1)*(trailingpercentshort/100)   trailingsteplong = tradeprice(1)*(steppercentlong/100) trailingstepshort = tradeprice(1)*(steppercentshort/100) endif if not onmarket or ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then newsl=0 endif if ts2sensitivity=1 then ts2sensitivitylong=high ts2sensitivityshort=low elsif ts2sensitivity=2 then ts2sensitivitylong=low ts2sensitivityshort=high else ts2sensitivitylong=close ts2sensitivityshort=close endif if longonmarket then if newsl=0 and ts2sensitivitylong-tradeprice(1)>=trailingstartlong then newsl = tradeprice(1)+trailingsteplong endif if newsl>0 and ts2sensitivitylong-newsl>trailingsteplong then newsl = newsl+trailingsteplong endif endif if shortonmarket then if newsl=0 and tradeprice(1)-ts2sensitivityshort>=trailingstartshort then newsl = tradeprice(1)-trailingstepshort endif if newsl>0 and newsl-ts2sensitivityshort>trailingstepshort then newsl = newsl-trailingstepshort endif endif if barindex-tradeindex>1 then if longonmarket then if newsl>0 then sell at newsl stop endif if newsl>0 then if low crosses under newsl then sell at market endif endif endif if shortonmarket then if newsl>0 then exitshort at newsl stop endif if newsl>0 then if high crosses over newsl then exitshort at market endif endif endif endif endif

   

  

  Paul

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  09/25/2020 at 3:26 PM #145405
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  Paul

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