Trailing stop loss advice

• 01/09/2022 at 12:19 PM #184925
  SVK

  Hi all,

  I would really appreciate if any of you experienced people can point me in the right direction of Trailing stop loss.
  I’m aware of the Snippet Link Library and I have now tested several of them and it must be me but none of them are doing what I’m looking for.
  Maybe some of them do and I’m just far too stupid (spent 6 hours yesterday and 4 hours today and frustration is getting better of me).

  Can you please point me to Trailing stop loss which does following ?

  Example:
  1; Stop Loss = 20 points

  2; Trailing starts after price moves 5 points in my favor

  3; Trailing step is 5 points

   

  So every 5 points in my favor stop moves up by 5 points (simple mechanical thing).

  Stop Loss

  Trailing start

  Trailing step

  Vonas has done something close to that but there is not trailing step (if his startegy didn’t have minimum stop distance it would does what I’m after).

  sl = 144 //Stop loss distance

  slmove = 5 //Price move needed to move stop

  minstop = 10 //Minimum stop distance allowed

  Thank you very much

  

  SVK

  Participant

  Topics: 9

  Replies: 39

  Been thanked: 3 times
  01/09/2022 at 12:26 PM #184927
  robertogozzi

  Lines 17-56 of this snippet by Nicolas is doing exactly what you are looking for https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/.

  Just Copy & Paste those lines at the end of your code and replace 20 with 5 in trailingstart (trailingstep is already set as 5).

   

  1 user thanked author for this post.

  SVK

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17188

  Been thanked: 4064 times
  01/09/2022 at 1:16 PM #184937
  SVK

  Hi Roberto,

  thank you very much for your response.
  I’m using Nicolas’s trailing stop with your modification.

  1; Nicolas’s trailing stop was stopping strategy 100% of the time as soon as profit reached Trailingstart

  2; I have searched for hours and found your post I think in German language where you have Distance = 4 * pipsize. This has helped massively as the strategy stopped quitting after each succesfull trade.

  3; Trailing stop never trails. 100% of profitable trades exit at the point of reaching trailingstart.
  DAX settings

  Trailing start = 30 points

  Trailing step = 6 points (tested with, 7, 8, 9, 10, 11 makes zero difference)

   

  I have observed behavior of this trailing stop:

  1; Trailing start reached (30 points)

  2; it correctly moves stop loss to break even point

  3; immediatelly it moves stop to the next step 6 points

  4; another 6 points and another until it reaches 30 points and then it sells at that point (100% trades exited at 30 point)

   

  What I’m after:

  Stop loss = -20 points

  Step size = 5 points

  Trailing start = 30

  30 points move up = New stop loss -15

  Another 30 points up = New stop loss -10

   

  Thank you very much for your help

   

  

  SVK

  Participant

  Topics: 9

  Replies: 39

  Been thanked: 3 times
  01/09/2022 at 3:04 PM #184952
  robertogozzi

  I’ll code it asap.

   

  1 user thanked author for this post.

  SVK

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17188

  Been thanked: 4064 times
  01/09/2022 at 3:07 PM #184953
  SVK

  Roberto,

  you are a gentleman.

  Thank you very much for your help

   

  

  SVK

  Participant

  Topics: 9

  Replies: 39

  Been thanked: 3 times
  01/11/2022 at 2:16 AM #185053
  robertogozzi

  Try this one:

  Trailing Stop (classic, no breakeven)

  //---------------------------------------------------------------------------------------------------- // Trailing Stop (classic, no breakeven) // NewTrade = (OnMarket AND Not OnMarket[1]) OR (LongOnMarket AND ShortOnMarket[1]) OR (LongOnMarket[1] AND ShortOnMarket) // IF Not OnMarket OR NewTrade THEN MainSL = 400 * PipSize TrailingStart = 100 * PipSize TrailingStep = 30 * PipSize Distance = 10 * PipSize ENDIF // // LONG side // MyProfit = positionperf * positionprice IF LongOnMarket THEN IF (Not OnMarket[1]) OR ShortOnMarket[1] THEN TrailingSL = TradePrice - MainSL ENDIF IF ((close - TradePrice) >= TrailingStart) AND (TrailingStart > 0) THEN TrailingSL = TrailingSL + TrailingStart SavedPips = TrailingStart TrailingStart = 0 ENDIF WHILE ((MyProfit - SavedPips) >= TrailingStep) TrailingSL = TrailingSL + TrailingStep SavedPips = SavedPips + TrailingStep WEND ENDIF // // SHORT side // IF ShortOnMarket THEN IF (Not OnMarket[1]) OR LongOnMarket[1] THEN TrailingSL = TradePrice + MainSL ENDIF IF ((TradePrice - close) >= TrailingStart) AND (TrailingStart > 0) THEN TrailingSL = TrailingSL - TrailingStart SavedPips = TrailingStart TrailingStart = 0 ENDIF WHILE ((MyProfit - SavedPips) >= TrailingStep) TrailingSL = TrailingSL - TrailingStep SavedPips = SavedPips + TrailingStep WEND ENDIF // // LONG Exit IF LongOnMarket THEN IF close > (TrailingSL + Distance) THEN SELL AT TrailingSL STOP ELSIF close < (TrailingSL - Distance) THEN SELL AT TrailingSL LIMIT ELSE SELL AT Market ENDIF ENDIF // SHORT Exit IF ShortOnMarket THEN IF (close - Distance) > TrailingSL THEN EXITSHORT AT TrailingSL LIMIT ELSIF (close + Distance) < TrailingSL THEN EXITSHORT AT TrailingSL STOP ELSE EXITSHORT AT Market 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

  //---------------------------------------------------------------------------------------------------- // Trailing Stop (classic, no breakeven) // NewTrade = (OnMarket AND Not OnMarket[1]) OR (LongOnMarket AND ShortOnMarket[1]) OR (LongOnMarket[1] AND ShortOnMarket) // IF Not OnMarket OR NewTrade THEN    MainSL        = 400 * PipSize    TrailingStart = 100 * PipSize    TrailingStep  = 30  * PipSize    Distance      = 10  * PipSize ENDIF // // LONG  side // MyProfit = positionperf * positionprice IF LongOnMarket  THEN    IF (Not OnMarket[1]) OR ShortOnMarket[1] THEN       TrailingSL    = TradePrice - MainSL    ENDIF    IF ((close - TradePrice) >= TrailingStart) AND (TrailingStart > 0) THEN       TrailingSL    = TrailingSL + TrailingStart       SavedPips     = TrailingStart       TrailingStart = 0    ENDIF    WHILE ((MyProfit - SavedPips) >= TrailingStep)       TrailingSL    = TrailingSL + TrailingStep       SavedPips     = SavedPips  + TrailingStep    WEND ENDIF // // SHORT side // IF ShortOnMarket THEN    IF (Not OnMarket[1]) OR LongOnMarket[1]  THEN       TrailingSL    = TradePrice + MainSL    ENDIF    IF ((TradePrice - close) >= TrailingStart) AND (TrailingStart > 0) THEN       TrailingSL    = TrailingSL - TrailingStart       SavedPips     = TrailingStart       TrailingStart = 0    ENDIF    WHILE ((MyProfit - SavedPips) >= TrailingStep)       TrailingSL    = TrailingSL - TrailingStep       SavedPips     = SavedPips  + TrailingStep    WEND ENDIF // // LONG  Exit IF LongOnMarket  THEN    IF close > (TrailingSL + Distance) THEN       SELL      AT TrailingSL STOP    ELSIF close < (TrailingSL - Distance) THEN       SELL      AT TrailingSL LIMIT    ELSE       SELL      AT Market    ENDIF ENDIF // SHORT Exit IF ShortOnMarket THEN    IF (close - Distance) > TrailingSL THEN       EXITSHORT AT TrailingSL LIMIT    ELSIF (close + Distance) < TrailingSL THEN       EXITSHORT AT TrailingSL STOP    ELSE       EXITSHORT AT Market    ENDIF ENDIF

  1 user thanked author for this post.

  SVK

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17188

  Been thanked: 4064 times
  01/12/2022 at 1:00 AM #185221
  SVK

  Roberto,

  thank you very much for your help.
  I will try it tomorrow and will report back.

   

  Would have never manage to code something like this.

   

  

  SVK

  Participant

  Topics: 9

  Replies: 39

  Been thanked: 3 times
• Author
  Posts