Trailing stop, Breakeven code

• 08/04/2019 at 1:19 PM #104144
  bullbear

  There are many different exit codes.

  I am coding 1 min DAX and testing different stops, trailing, breakeven etc.

  It would make it easier for me who is not so good at coding if there was a list on different exits.

  The best thing would be to be able to copy past different exits to a code you made.
  Maybe there is already here on the forum?

  

  bullbear

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  08/04/2019 at 1:30 PM #104147
  GraHal

  Great idea!  I would welcome this also! Hope it comes about!

  If I thought there is support I would raise a spreadsheet and host it on my google drive similar to below

  Snippet Link Library

  Maybe this Thread needs a more appropriate title … e.g EXIT Conditions??

  

  GraHal

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  08/05/2019 at 8:07 AM #104197
  Stefanb

  Here is one.

   

  // dynamic units based STOP LOSS myATRLL = 2* averagetruerange[2](close)//8,1 myATRPL = 3* averagetruerange[6](close)//6,9 SET stop loss myATRLL SET target profit myATRPL

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  // dynamic units based STOP LOSS   myATRLL = 2* averagetruerange[2](close)//8,1 myATRPL = 3* averagetruerange[6](close)//6,9   SET stop loss myATRLL SET target profit myATRPL

   

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  Stefanb

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  08/05/2019 at 10:02 AM #104200
  Stefanb

  IF NOT LONMARKET THEN newSL=0 ENDIF   IF LONGONMARKET AND close-tradeprice(1)>=30*pipsize THEN newSL = tradeprice(1)+5*pipsize ENDIF   IF newSL>0 THEN SELL AT newSL STOP ENDIF

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  IF NOT LONMARKET THEN newSL=0 ENDIF   IF LONGONMARKET AND close-tradeprice(1)>=30*pipsize THEN newSL = tradeprice(1)+5*pipsize ENDIF   IF newSL>0 THEN SELL AT newSL STOP ENDIF

  If current buy order is in gain of 30 points, order will be closed at entry price + 5 points.

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  Stefanb

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  08/05/2019 at 1:13 PM #104209
  bullbear

  This, I am not quite sure if it works but I think so 🙂

   

   

  //trailing stop trailingstop = 20 StartTrailingStopValue = 10 //resetting variables when no trades are on market if not onmarket then MAXPRICE = 0 MINPRICE = close priceexit = 0 endif //case SHORT order if shortonmarket then MINPRICE = MIN(MINPRICE,close) //saving the MFE of the current trade if tradeprice(1)-close > StartTrailingStopValue*pointsize then if tradeprice(1)-MINPRICE>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then priceexit = MINPRICE+trailingstop*pointsize //set the exit price at the MFE + trailing stop price level endif endif endif //case LONG order if longonmarket then MAXPRICE = MAX(MAXPRICE,close) //saving the MFE of the current trade if close-tradeprice(1) > StartTrailingStopValue*pointsize then if MAXPRICE-tradeprice(1)>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then priceexit = MAXPRICE-trailingstop*pointsize //set the exit price at the MFE - trailing stop price level endif endif endif //exit on trailing stop price levels if onmarket and priceexit>0 then EXITSHORT AT priceexit STOP SELL AT priceexit STOP endif

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  //trailing stop trailingstop = 20 StartTrailingStopValue = 10   //resetting variables when no trades are on market if not onmarket then MAXPRICE = 0 MINPRICE = close priceexit = 0 endif   //case SHORT order if shortonmarket then MINPRICE = MIN(MINPRICE,close) //saving the MFE of the current trade if tradeprice(1)-close > StartTrailingStopValue*pointsize then if tradeprice(1)-MINPRICE>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then priceexit = MINPRICE+trailingstop*pointsize //set the exit price at the MFE + trailing stop price level endif endif endif   //case LONG order if longonmarket then MAXPRICE = MAX(MAXPRICE,close) //saving the MFE of the current trade if close-tradeprice(1) > StartTrailingStopValue*pointsize then if MAXPRICE-tradeprice(1)>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then priceexit = MAXPRICE-trailingstop*pointsize //set the exit price at the MFE - trailing stop price level endif endif endif   //exit on trailing stop price levels if onmarket and priceexit>0 then EXITSHORT AT priceexit STOP SELL AT priceexit STOP endif

   

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  bullbear

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  08/05/2019 at 1:41 PM #104211
  bullbear

  One more 🙂

  enableBreakeven=1 // BESG = 0.25// % break even stop gain BESL = 0 // % break even stop level underlaying=0.01 if enableBreakeven then if not onmarket then newsl=0 endif if ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then newsl=0 endif if longonmarket then if close-tradeprice(1)>=(((tradeprice(1)/100)*BESG)/(underlaying/100))*pointsize then newsl=tradeprice(1)+(((tradeprice(1)/100)*BESL)/(underlaying/100))*pointsize endif endif if shortonmarket then if tradeprice(1)-close>=(((tradeprice(1)/100)*BESG)/(underlaying/100))*pointsize then newsl=tradeprice(1)-(((tradeprice(1)/100)*BESL)/(underlaying/100))*pointsize endif endif if longonmarket and newsl>0 then sell at newsl stop endif if shortonmarket and newsl>0 then exitshort at newsl stop endif endif SET STOP %LOSS 0.4 SET TARGET %profit 1 set stop ploss 20

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  enableBreakeven=1 // BESG = 0.25// % break even stop gain BESL = 0 // % break even stop level underlaying=0.01   if enableBreakeven then if not onmarket then newsl=0 endif if ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then newsl=0 endif if longonmarket then if close-tradeprice(1)>=(((tradeprice(1)/100)*BESG)/(underlaying/100))*pointsize then newsl=tradeprice(1)+(((tradeprice(1)/100)*BESL)/(underlaying/100))*pointsize endif endif if shortonmarket then if tradeprice(1)-close>=(((tradeprice(1)/100)*BESG)/(underlaying/100))*pointsize then newsl=tradeprice(1)-(((tradeprice(1)/100)*BESL)/(underlaying/100))*pointsize endif endif if longonmarket and newsl>0 then sell at newsl stop endif if shortonmarket and newsl>0 then exitshort at newsl stop endif   endif   SET STOP %LOSS 0.4 SET TARGET %profit 1   set stop ploss 20

   

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  bullbear

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