Trailing stop goes backwards

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  • 12/01/2020 at 11:42 AM #152303 quote
    PabloRod
    Participant
    New

    Hello,

    I have this problem with my ‘algo’ and it is driving me crazy. I see in Demo and in real that very often the trailing stop goes backwards, and it is not supposed to do that. Once a new profit has been achieved it must stay at that position. My TS is defined as a moving trailing stop, just hidden behind the EMA(9) and moving along the price, in long and short trades.

    It moves back even after a candle has closed, discarded because the average price position in the current candle changes.

    To simplify the code:

    If TS
    ts1 = CLOSE – EMA9[0]
    SET STOP TRAILING ts1
    endif

    Is there any axplanation for this behavior?? I can change instead for a dynamic stop loss, but the trailing is the right tool for this purpose.

    Thanks in advance

    ———————

    my original code equivalent is this:

    if TS
    trailmargin = EMA9[0]*ts1MMA1/100
    ts1 = CLOSE – (MMA1[0]- trailmargin)
    SET STOP TRAILING TS1
    endif

    12/01/2020 at 12:35 PM #152311 quote
    robertogozzi
    Moderator
    Master

    Always use the ‘Insert PRT Code’ button when putting code in your posts to make it easier for others to read. Thank you 🙂

    Change your line to:

    ts1 = max(ts1,CLOSE – (MMA1[0]- trailmargin))

    so that it can only raise, never fall!

    12/02/2020 at 10:09 AM #152387 quote
    PabloRod
    Participant
    New

    Hello,

    Yes, now it is working right. The only (minor) issue comes when it opens a new candle. For an instant the calculation does not have a reference and it can go up or down with no sense, it only takes 0’1 sec to get a new price and also sometimes it is slightly below the previous TS, I think we cannot avoid this situation, only happens with a new candle.

    As a sequence when it should always go upwards in Nasdaq, these are the numbers: 12.392 – 12.396 – 12.402 – (!) 12.399 – 12.403 – 12.407 – (!) 12.405 – 12.408 – …

    Thanks for your help

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Trailing stop goes backwards


Platform Support: Charts, Data & Broker Setup

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PabloRod @pablorod Participant
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This topic contains 2 replies,
has 2 voices, and was last updated by PabloRod
5 years, 4 months ago.

Topic Details
Forum: Platform Support: Charts, Data & Broker Setup
Language: English
Started: 12/01/2020
Status: Active
Attachments: No files
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