trailing stop with cumulative orders

• 10/09/2020 at 8:27 PM #146926
  nonetheless

  I tested a new system today in 2 versions with cumulative orders true and false. The latter opened one position which closed in profit as the price retraced to the trailing stop.

  The one with cumulative orders opened multiple positions, but none of them closed out as the price fell — ie the trailing stop had no effect at all.

  Is there any way to make a trailing stop work with cumulative orders?

  

  nonetheless

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  10/09/2020 at 9:23 PM #146932
  GraHal

  I guess the last trade to open did not achieve the starting level of the trailing start and so therefore this non-started trailing stop was applied (i.e. not applied) to all cumulated trades?

  

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  10/09/2020 at 11:24 PM #146945
  robertogozzi

  If you are using a code snippet as a trailing stop, replace TRADEPRICE with POSITIONPRICE, which is the average price used by ProOrder with multiple cumulated positions.

  This should make things better, but previously saved profits would require to be updated after accumulating positions, to fully make it work as expected.

   

  

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  10/10/2020 at 12:18 AM #146947
  nonetheless

  Thanks Roberto, that seems to have made a big difference. What do you mean though when you say, previously saved profits would require to be updated after accumulating positions ?

  

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  10/10/2020 at 12:49 AM #146950
  robertogozzi

  I mean that if you buy (say 1 lot) at 1000 with a trailing start at 20 and a trailing step of 10, after +32 points you’ll have:

  Current Price                                       1032              PositionPrice (former TradePrice) is 1000

  Profits locked in                                      10              (you will exit at 1010 in case price retraces)

  after cumulating 1 more lot at, say 1034,  PositionPrice  is 1017    ((1000 + 1034) / 2):

  Profits previously locked in                  10              (you will still exit at 1010 in case price retraces, but you will lose because PositionPrice is now 1017)

  update profits to be locked in          1027             1017 (current PositionPrice) + 10 pips (first step), so you will be able to exit profitaby at 1027.

  It’s not that straightforward and needs some extra coding, but it’s worth doing it.

   

   

   

  

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  10/10/2020 at 1:30 AM #146951
  robertogozzi

  This is Nicolas’code updated to accomodate for cumulative positions (the attached pics highlights changes, apart from PositionPrice):

  Nicolas'trailing stop

  //********************************************************************************* // https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/ // // trailing stop function //------------------------------------------------------------- //reset the stoploss value IF NOT ONMARKET THEN NewSL = 0 MyPositionPrice = 0 ENDIF //------------------------------------------------------------- // Update locked in profit, if any, after comulating positions PositionCount = abs(CountOfPosition) IF NewSL > 0 THEN IF PositionCount > PositionCount[1] THEN IF LongOnMarket THEN NewSL = max(NewSL,PositionPrice * NewSL / MyPositionPrice) ELSE NewSL = min(NewSL,PositionPrice * NewSL / MyPositionPrice) ENDIF ENDIF ENDIF //------------------------------------------------------------- trailingstart = 20 //trailing will start @trailinstart points profit trailingstep = 5 //trailing step to move the "stoploss" //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-PositionPrice>=trailingstart*pipsize THEN newSL = PositionPrice+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND PositionPrice-close>=trailingstart*pipsize THEN newSL = PositionPrice-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF MyPositionPrice = PositionPrice //*********************************************************************************

  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

  //********************************************************************************* // https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/ // // trailing stop function //------------------------------------------------------------- //reset the stoploss value IF NOT ONMARKET THEN    NewSL           = 0    MyPositionPrice = 0 ENDIF //------------------------------------------------------------- // Update locked in profit, if any, after comulating positions PositionCount = abs(CountOfPosition) IF NewSL > 0 THEN    IF PositionCount > PositionCount[1] THEN       IF LongOnMarket THEN          NewSL = max(NewSL,PositionPrice * NewSL / MyPositionPrice)       ELSE          NewSL = min(NewSL,PositionPrice * NewSL / MyPositionPrice)       ENDIF    ENDIF ENDIF //------------------------------------------------------------- trailingstart = 20     //trailing will start @trailinstart points profit trailingstep  = 5      //trailing step to move the "stoploss" //manage long positions IF LONGONMARKET THEN    //first move (breakeven)    IF newSL=0 AND close-PositionPrice>=trailingstart*pipsize THEN       newSL = PositionPrice+trailingstep*pipsize    ENDIF    //next moves    IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN       newSL = newSL+trailingstep*pipsize    ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN    //first move (breakeven)    IF newSL=0 AND PositionPrice-close>=trailingstart*pipsize THEN       newSL = PositionPrice-trailingstep*pipsize    ENDIF    //next moves    IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN       newSL = newSL-trailingstep*pipsize    ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN    SELL AT newSL STOP    EXITSHORT AT newSL STOP ENDIF MyPositionPrice = PositionPrice //*********************************************************************************

   

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  Paul, nonetheless

  

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  10/10/2020 at 1:49 AM #146956
  nonetheless

  that’s great – thanks Roberto

  

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  10/11/2020 at 11:21 AM #147037
  GraHal

  Link to Nicolas Code above for Cum TS added as Log 253 here …

  Snippet Link Library

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  ZeroCafeine, Nicolas, robertogozzi

  

  GraHal

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  04/21/2023 at 5:34 PM #213589
  ZeroCafeine

  Is it better to replace lines 50 and 51 with the new Set Stop Price X function ?

  

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  04/22/2023 at 5:45 PM #213611
  robertogozzi

  Yes, it’s a code snippet written years before those new instructions were added.

  It’s easy to replace them, just replace both of those lines with this one:

  Set Stop Price NewSL

  1	Set Stop Price NewSL

   

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  04/29/2023 at 4:17 PM #213850
  ZeroCafeine

  robertogozzi wrote:

  Yes, it’s a code snippet written years before those new instructions were added.

  It’s easy to replace them, just replace both of those lines with this one:

  Set Stop Price NewSL

  1	Set Stop Price NewSL

  Is it possible to use set stop price for exit from a position but with 2 different level and of course different qantity ?

  Set Stop Price PriceA // 10% of position at level A Set Stop Price PriceB // 90% of position at level B

  1 2 3

  Set Stop Price PriceA // 10% of position at level A   Set Stop Price PriceB // 90% of position at level B

   

  

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  04/29/2023 at 4:48 PM #213852
  GraHal

  You could set up a Test Algo on your Demo Account …

  If barindex > 0 Then Buy 10 Contracts at Market Endif If LongonMarket then Sell 1 Contracts at TradePrice - 25*pipsize Stop Sell 9 Contracts at YradePrice - 75*pipsize Stop Endif

  1 2 3 4 5 6 7 8

  If barindex > 0 Then Buy 10 Contracts at Market Endif   If LongonMarket then Sell 1 Contracts at TradePrice - 25*pipsize Stop Sell 9 Contracts at YradePrice - 75*pipsize Stop Endif

   

  

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  04/29/2023 at 5:00 PM #213853
  GraHal

  It works, but doesn’t drop to 0 positions … thats for you to figure out! 😉

  DEFPARAM CUMULATEORDERS = True If Time = 080000 Then Buy 10 Contracts at Market Endif If LongonMarket then Sell 1 Contracts at TradePrice - 25*pipsize Stop Sell 9 Contracts at TradePrice - 50*pipsize Stop Endif

  1 2 3 4 5 6 7 8 9

  DEFPARAM CUMULATEORDERS = True If Time = 080000 Then Buy 10 Contracts at Market Endif If LongonMarket then Sell 1 Contracts at TradePrice - 25*pipsize Stop Sell 9 Contracts at TradePrice - 50*pipsize Stop Endif

   

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  04/29/2023 at 5:05 PM #213855
  GraHal

  Sorted!

  It’s more fun trying and just doing it?

  DEFPARAM CUMULATEORDERS = True If Time = 080000 Then Buy 10 Contracts at Market Endif If LongonMarket then Sell 1 Contracts at Average[20](close) - 25*pipsize Stop Sell 9 Contracts at Average[20](close) - 50*pipsize Stop Endif

  1 2 3 4 5 6 7 8 9

  DEFPARAM CUMULATEORDERS = True If Time = 080000 Then Buy 10 Contracts at Market Endif If LongonMarket then Sell 1 Contracts at Average[20](close) - 25*pipsize Stop Sell 9 Contracts at Average[20](close) - 50*pipsize Stop Endif

   

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  GraHal

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  04/29/2023 at 9:38 PM #213859
  GraHal

  GraHal wrote:

  It’s more fun trying and just doing it?

  I was only jesting! 🙂

  Coding Algos can be frustrating and very time consuming. We should all try to help each other more, even though at times it feels like the blind leading the blind! 😉

   

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