Trailing Stop – Automatic

• 10/27/2018 at 7:43 PM #83617
  CA

  Hello,

   

  I am trying to make, somehow, the following:

   

  1. My trading system requires to have an initial stop loss of 150 points.
  2. Then I have a target, let’s say, at 300 points.
  3. However, instead of establishing a target on the 300 points I would like just to create a new stop once the 300 points with a trailing stop of 50 points, that way I can still having benefits from the trend.

   

  I have been trying several codes for this pourpose but I have not been able to code it!

   

  Any ideas? Is it actually possible?

   

   

  

  CA

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  10/30/2018 at 10:30 AM #83775
  Nicolas

  Hi,

  >> Please update your country flag in your profile. Thank you 🙂 <<

  Many times already this question has been answered 😉

  You’ll find many trailing stop function on the website, in all sections (forums, library, blog).

  You can start with the ones from the blog:

  Complete trailing stop code function

  Trailing stop with the Max Favorable Excursion (MFE)

   

  

  Nicolas

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  10/30/2018 at 1:23 PM #83793
  CA

  Hi Nicolas,

   

  Thank you for your reply. Although you answer actually solve my question (I read the posts you refered me to) what I actually need to do is a bit diferente and I thought it would be similar to what I asked (trying to simplify the question) but after I read your posts it turned out that it actually does not solve it (sorry!).

   

  Actually, what I need is related to ADX indicator. So for instance, I have a initial stop of, lets say, 150 points and an ADX level of 20. I would hold my positivo until ADX leve goes upto level of 40. There is were I need to move up the stop and start making a trailing stop of 20 points.

  Is it possible to code this? Can I link an stoploss + trailing to ADX?

   

  I would appreciate your answer!!

  Regards,

  

  CA

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  10/30/2018 at 3:50 PM #83804
  Nicolas

  Of course you can link the trailing stop activation to any other condition. Make a simple test with ADX to allow or not the trailing stop to operate:

  if adx[14]>20 then allowtrailing = 1 else allowtrailing = 0 endif if allowtrailing then //put trailing stop function here endif

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  if adx[14]>20 then allowtrailing = 1 else allowtrailing = 0 endif   if allowtrailing then //put trailing stop function here endif

   

  

  Nicolas

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  10/30/2018 at 7:39 PM #83814
  CA

  Thank you Nicolas!! It worked!!!

  

  CA

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