Trailingstop vid graphonprice

• 10/13/2024 at 11:55 AM #238929
  Vicke1990

  Hi,

  Im trying to use an algo with a trailingstop, but the trailingstop dosent seem to be working as intended
  Does anyone know a code with a working trailingstop that you can use with graphonprice so I can view the behavior of the trailingstop?

  Im using a similar code like this:

  //points trailing stop function trailingstart = tst //trailing will start @trailinstart points profit trailingstep = st //trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+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 tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-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

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  //points trailing stop function trailingstart = tst //trailing will start @trailinstart points profit trailingstep = st //trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+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 tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-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

  

  Vicke1990

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  10/13/2024 at 12:39 PM #238932
  GraHal

  Did you try below

  GRAPH NewSL GRAPHONPRICE NewSL

  1 2	GRAPH NewSL GRAPHONPRICE NewSL

   

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  GraHal

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  10/14/2024 at 4:48 PM #238985
  Vicke1990

  GraHal wrote:

  Did you try below

  GRAPH NewSL<br /> GRAPHONPRICE NewSL

  1 2	GRAPH NewSL GRAPHONPRICE NewSL

  Hi,

  I haven’t been able to try the code yet, but I will tomorrow. Will get back to you with the results 🙂

  Btw, is there a way to access prt from your phone? I’m using prt through IG…

  Thank you 🙂

  

  Vicke1990

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  10/14/2024 at 5:16 PM #238987
  GraHal

  There is a web based version, but no AutoTrading yet.

  Compare 3 versions on the link below

  https://www.prorealtime.com/en/compare-trading-platforms

   

  

  GraHal

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  10/15/2024 at 11:54 AM #239014
  Vicke1990

  Hi again,

  Thank you so much!

  question,

  can graphonprice be used when using a autotradingsystem?

  I thought that only “graph” that couldet be used when using a automatic tradingsystem?

   

  

  Vicke1990

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  10/15/2024 at 6:46 PM #239032
  GraHal

  Neither GRAPH nor GRAPHONPRICE can be used when Autotrading on live data, but both can be used when backtesting an Algo and then // comment out after finished backtesting etc.

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  Vicke1990

  

  GraHal

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  10/16/2024 at 8:04 AM #239037
  Vicke1990

  Ah okay, so If I want some visual qs, I need to use an indicator, correct?

  I just read up on Arrays, can I use that so see where my trailingSL and SL is and so on?

  Thank you once again GraHal, much appreciated 🙂

  

  Vicke1990

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  10/16/2024 at 9:03 AM #239039
  GraHal

  When Algo is trading Live all we get to see is equity curve and positions.

  GRAPHS and GRAPHONPRICE are best for debugging Stops and Taget and Trailing Stops etc, but only when backtesting Algos.

  To check performance before going Live, we use our Demo Accounts … have you enabled your PRT Demo Account?   It is enabled on the IG Dashboard.

   

  

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  10/16/2024 at 4:09 PM #239088
  druby

  I think there’s an error in above code, lines 14 and 18 appear to set newSL with none zero value, however, lines 35 and 36 look for a none zero newSL and exits.

  Similar scenario for the short.

   

  I played around with some code to display  the trailing stop (TS)  to see what’s what using a out of thin air entry condition.

  I added in a default TS value , TSdefaultAmt,  because zero messes with the charts auto scale with graphonprice.

   

  When the yellow line is horizontal, it represents the TS start threshold level above the entry price , TSstartLvl.

  When price closes above, the TS is active, TSactive = 1,  which triggers the TS.

   

  After entry but before TS triggered, The horizontal orange line represent the default TS.

  After being triggered, TS jumps to the startprice + step amount.

  Subsequent bars increment the TS ‘TSL’ by the step amount.

   

  If close triggers the exit condition, the trade is exited.

  If low hits the default stop level it is also exited.

   

  As I worked through I graphed  some variables.

  Some are true/false and some are number values.

  Using cursor values…

  The values are scaled within a ‘1’ range and  +n value offset then to the ‘y’ scale.

  The *0.75 are the booleans  where the integer value is false and value+0.75 is true.

  The*0.00001 are values, just look at decimal portion and crop off last digit.

   

  see what you think.

   

   

   

   

   

  entryCondition = date = 20241016 and opentime >= 000000 TSdefaultAmt = 30 // TS default stop level TSstartAmt = 15 // TS threshold setting amount TSstepAmt = 1 // TS step amount per step // difference between Current price and last Trade entry CTdiff = close-tradePrice[1] // get the TS threshold level TSstartLvl = tradeprice[1] + TSstartAmt // set a default TS stop TSdefaultL = close - TSdefaultAmt // new TS step CmTSL = Close - TSL // not on market if not LongonMarket then LONG = 0 TSactive = 0 // enter Market if entryCondition then buy 1 contract at market // set a default TS TSL = TSdefaultL endif endif // on Market if LongonMarket then LONG = 1 if close >= TSstartLvl and TSactive = 0 then TSactive = 1 TSL = tradePrice[1] + TSstepAmt endif if TSactive =1 and CmTSL >= TSstepAmt then TSL = TSL + TSstepAmt endif // if close below TSL if close <= TSL then sell at market endif // exit if low hits default stop level if low <= tradePrice[1] - TSdefaultAmt then sell at market endif endif // display if onmarket then graphonprice TSstartLvl as"TSstartLvl" coloured("yellow") graphonprice TSL as"TSL" coloured("orange") endif graph TSactive * 0.75 + 5 as"TSactive" graph TSstartLvl * 0.00001 + 4 as"TSstepLvl" graph TSstepAmt * 0.00001 + 3 as"TSstepAmt" graph TSstartAmt * 0.00001 + 2 as"TSstartAmt" graph TSdefaultAmt * 0.00001 + 1 as"TSdefaultAmt" graph LONG * 0.75 + 0 as"LONG"

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  entryCondition = date = 20241016 and opentime >= 000000   TSdefaultAmt = 30 // TS default stop level TSstartAmt   = 15 // TS threshold setting amount TSstepAmt    =  1 // TS step amount per step     // difference between Current price and last Trade entry CTdiff     = close-tradePrice[1] // get the TS threshold level TSstartLvl = tradeprice[1] + TSstartAmt // set a default TS stop TSdefaultL = close - TSdefaultAmt // new TS step CmTSL      = Close - TSL       // not on market if not LongonMarket then LONG = 0 TSactive = 0 // enter Market if  entryCondition then buy 1 contract at market // set a default TS TSL = TSdefaultL endif endif     // on Market if LongonMarket then LONG = 1   if close >= TSstartLvl and TSactive = 0 then TSactive = 1 TSL = tradePrice[1] + TSstepAmt endif   if TSactive =1 and  CmTSL >= TSstepAmt then TSL = TSL + TSstepAmt endif   // if close below TSL if close <= TSL then sell at market endif   // exit if low hits default stop level if low <= tradePrice[1] - TSdefaultAmt then sell at market endif endif             // display if onmarket then graphonprice TSstartLvl as"TSstartLvl" coloured("yellow") graphonprice TSL        as"TSL"        coloured("orange") endif     graph TSactive       * 0.75    + 5 as"TSactive" graph TSstartLvl     * 0.00001 + 4 as"TSstepLvl" graph TSstepAmt      * 0.00001 + 3 as"TSstepAmt" graph TSstartAmt     * 0.00001 + 2 as"TSstartAmt" graph TSdefaultAmt   * 0.00001 + 1 as"TSdefaultAmt" graph LONG           * 0.75    + 0 as"LONG"

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  druby

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