Trailing Stop Clarification

• 04/11/2023 at 8:00 AM #213077
  KumoNoJuzza

  Hi,

  I have 2 questions regarding trailing stops.

  1 – In the following example:

  SET TARGET pPROFIT 75 SET STOP pTRAILING 25 SET STOP pLOSS 35

  1 2 3

  SET TARGET pPROFIT 75 SET STOP pTRAILING 25 SET STOP pLOSS 35

  I don’t understand when is the trailing stop executed if ever. Does the instruction sequence matter even if the Stop Loss in not touched?

  2 – Is it possible to have an active trailing stop as a condition?

  If longonmarket AND trailingstop // Active TrailingStop THEN Buy 1 Contract // Position Size Increasing ENDIF

  1 2 3

  If longonmarket AND trailingstop // Active TrailingStop    THEN Buy 1 Contract // Position Size Increasing ENDIF

  Thanks for your help and patience

  

  KumoNoJuzza

  Participant

  Topics: 11

  Replies: 74

  Been thanked: 13 times
  04/11/2023 at 7:07 PM #213133
  robertogozzi

  In the sequence:

  SET TARGET pPROFIT 75 SET STOP pTRAILING 25 SET STOP pLOSS 35

  1 2 3

  SET TARGET pPROFIT 75 SET STOP pTRAILING 25 SET STOP pLOSS 35

  the trailing stop will never be executed, as the last two lines are concurrent types of stop loss and, being the code read and executed sequentially, the last line will always override the previous one.

  Your second snippet:

  If longonmarket AND trailingstop THEN// Active TrailingStop Buy 1 Contract .... // Position Size Increasing ENDIF

  1 2 3

  If longonmarket AND trailingstop THEN// Active TrailingStop    Buy 1 Contract .... // Position Size Increasing ENDIF

  has THEN misplaced in the line after IF, while it must be the last keyword in the same line as IF (comments aside). Anyway, the code seems correct, provided you have assigned trailingstop  a value other than 0, based on a trailing stop snippet you have placed somewhere in your code.

   

   

  1 user thanked author for this post.

  KumoNoJuzza

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17142

  Been thanked: 4032 times
  04/11/2023 at 7:42 PM #213143
  KumoNoJuzza

  Thanks Roberto. And thus I am lucky my strategies are profitable – I am still in papertrading -as they are not behaving as expected !!

  With that sequence:

  SET TARGET pPROFIT 75 SET STOP pLOSS 35 SET STOP pTRAILING 25

  1 2 3

  SET TARGET pPROFIT 75 SET STOP pLOSS 35 SET STOP pTRAILING 25

  Will the trailing stop be executed? Or will it be interrupted at each new candle by the stop loss ?

  If so, I guess it is better to code the trailing stop. I found the code in the forum

   

  

  KumoNoJuzza

  Participant

  Topics: 11

  Replies: 74

  Been thanked: 13 times
  04/11/2023 at 8:54 PM #213148
  GraHal

  As you have written the code in the post above …

  SET STOP pLOSS 35 will not be executed.

  SET STOP pTRAILING 25 will be executed.

  If you want SET STOP pLOSS 35 to execute then you will need to use a coded version of Trailing Stop.

  There are loads here … 🙂

  Snippet Link Library

  2 users thanked author for this post.

  robertogozzi, KumoNoJuzza

  

  GraHal

  Participant

  Topics: 212

  Replies: 8789

  Been thanked: 2188 times
• Author
  Posts