trailing stop serious issue in ProOrder

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Viewing 15 posts - 1 through 15 (of 45 total)
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  • 02/17/2017 at 11:40 AM #25386
    JL1640

    Yesterday I had three strategies in ProOrder with a trainling stop

    the three strategies were blocked and interrupted, unfortunately the trailing stop were not executed, positions/trades were not stopped and the losses continued to run

    I had to manually stop the three positions/trades through web navigator to limit the losses to three times the distance of the trainling stop (times three strategies it has been expensive) but if I had not done that the losses would have been endless

    apparently there was rejection of the trailing stop value, but instead of putting the stop at the proper distance as it happens somtimes, it blocked and interrupted the code

    last week i “enjoyed” a worse situation, the same issue made it even impossible to stop the strategy , I had to phone call so that after two interlocutors IG / PRT finally stopped the trade

    even by stopping the position by the navigator gains/losses continued to run in ProOrder

    there is great danger to count on trailing stops in ProOrder especially if the value is the result of a calculation that may not respect the distance required at all times

    02/17/2017 at 6:34 PM #25451
    GraHal

    @JL might I suggest you do not use trailing stops, at least until the current work by PRT is patched in?

    If you want to continue testing TS in Live (to investigate further?) then run 1 System only @ ‘lowest lot size on the least volatile instrument’ … then we not worry your health (+ bank balance) be affected quite so much?

    Take Care
    GraHal

     

    02/17/2017 at 7:37 PM #25454
    Elsborgtrading

    I can understand you frustation.

    Perhaps use the setting here in the future.

    Cheers Kasper

    02/17/2017 at 9:27 PM #25464
    manel

    @ JL – I agree with Grahal, for now please use the trailing stop function with care until PRT  fix the issue (they are aware of it). If you must have it in your code then please either reduce your risk or use this piece of code as a secondary backstop in your strategy. Be aware, it will only test the condition once per bar though so depending upon your strategy it may/may not update quickly enough but at least it should limit the losses.

    https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/

    1 user thanked author for this post.
    avatar Nicolas
    03/01/2017 at 8:17 AM #26757
    JL1640

    Hi Grahal, Hi Elsborgtrading, Hi Manel,

    Thanks for your posts, I was away (and not connected) while you answered and just returned yesterday night

    For backtest I was told on the french side that the trailing stop issue was solved but as of today it still doesn’t work


    @Elsborgtrading    : Even with the position/trade close at systems stop the position was still runing in ProOrder, frightening isn’t it


    @manel    : I’ll try that code, thanks and will let you know

    03/01/2017 at 9:25 AM #26762
    Nicolas
    JL1640 wrote:

    I was told on the french side that the trailing stop issue was solved but as of today it still doesn’t work

    It is still not the case, I don’t know where you read it? It is planned to be updated and fixed hopefully this month.

    04/19/2017 at 10:44 AM #32567
    JL1640

    Hi all,

    I don’t know if expected modifications were done in March but AutoTrading orders in CFD are still dysfonctionning

    This morning I had 1 to 13 sec delay killing more than 50% of the backtest profit

    and thus without using any trainling stop, thanks to substitution code, so be carrefull that CFD backtest do not reflect real CFD AutoTrading at all

     

    04/19/2017 at 11:59 AM #32575
    Nicolas

    Trailing stop like IG server in backtest should have been fixed. About this 13 sec delay, that’s quite enormous! I think you should open a support ticket to get an answer from your broker! No error message in the orders list?

    04/19/2017 at 12:22 PM #32577
    JL1640

    thanks Nicolas for your reply

    no error message !

    04/19/2017 at 12:54 PM #32582
    Eric

    maybe IG/proorder have had some problem today?

    i had a couple of systems stopped on demo due to “error”?

    04/19/2017 at 2:17 PM #32609
    JL1640

    we will see

    I (Auto)trade every day and get every day differences, 99.5% to my disadvantage, the accumulation starts to be discouraging (and costly) while backtests showed really good gains and promising performances

    having more than 7 years on PRT, being an experience S/W engineer my code is now solid and safe (and without trailing stops nor stop to quote 4p distance kind of issue or else)

    issues are really AutoTrading when trading instruction pass from PRT to IG and/or inside IG systems, major PRT issue/responsibility is they don’t tell or alert on any potential difference between Bactest and AutoTrading, you have to experience yourself and try to figure out if even possible

    This morning I got order execution at value not even possible, even analysing tick by tick still don’t find how their system ended with that wrong value

    scarry

     

    04/19/2017 at 2:44 PM #32617
    GraHal

    Might a ‘flash widening of spread’ on Live which will not be there on Demo account for the differences?

    What market / instrument are you talking about?

    If you add Indicator Bid-Ask Colour to your Price Chart then you will see the ‘flash widening’ (my term :))  happening at periods of increasing volatility… well scary at times depending on market.

    GraHal

     

    04/19/2017 at 3:01 PM #32625
    GraHal

    You need to be on a short timeframe (1M or less) to see the flash widening … TF required varies with market, time of day / night and also how wide the spread is anyway.

    04/19/2017 at 3:20 PM #32626
    Eric

    about slippage (my view)

    most slippage is on stoporders, market orders are better

    best is limit orders (and the only slippage you get is positive)

    04/19/2017 at 4:11 PM #32636
    Nicolas

    I know that LIMIT orders have a faster execution than AT MARKET ones, just a quick tip.

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