Translation of Set stop ploss x ptrailing y

• 02/23/2021 at 2:42 PM #162443
  Guibourse

  Hi all,

  Is it possible to translate this command into a manual code :

  Set stop ploss x ptrailing y

  1	Set stop ploss x ptrailing y

  Because it cannot run in real time.

  Thanks a lot

  

  Guibourse

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  02/23/2021 at 3:30 PM #162447
  Nicolas

  Use

  Set stop ploss x

  1	Set stop ploss x

  and one of the soft trailing stop code available in forums and in the library.

   

  

  Nicolas

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  02/24/2021 at 6:31 PM #162540
  Guibourse

  Are you sure it would replace it ? This instruction is doing :  “A stop loss is placed at x points from average position price and it becomes a trailing stop of y points if the trailing stop level becomes closer to current price than the stop loss level (this occurs price varies favourably by y points – x points)”

  Because I wasn’t able to get the same results with a classic stop loss and a soft trailing stop code. I tried to do so before asking and failed.

   

  Could you tell me what to do in the attached code, found in https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/

  please ?  With x = 27 and y =5 for example.

  Thanks you !

  

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  02/26/2021 at 9:13 AM #162666
  Nicolas

  No, it will not do the same. The “set stop trailing” is a trailing stop attached to the order and handle by IG, not by the code, so it can move during a candle, while it is not the same with code read only once per bar.

  If you want to use the trailing stop function from the blog, just add a “set stop loss” instruction to attach a stoploss to your orders before the trailing stop can start.

  With this code, the trailing stop start when

  trailingstart is >= 20 points 

  with a moving step of

  trailingstep = 5

   

  

  Nicolas

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  02/26/2021 at 10:53 AM #162671
  Guibourse

  Ok thank you very much, I am indeed with IG. I understand that the code has to during a candle. I’ve done what you told me to do, but something goes wrong …under the “>=” function a red wave appears (impossible to run). Do you know why ?

  IF c3 AND c4 THEN SELL AT MARKET ENDIF // Stops et objectifs Set stop ploss 27 //************************************************************************ //trailing stop function trailingstart => 20 //trailing will start @trailinstart points profit trailingstep = 5 //trailing step to move the "stoploss"

  1 2 3 4 5 6 7 8 9 10 11

  IF c3 AND c4 THEN SELL AT MARKET ENDIF // Stops et objectifs Set stop ploss 27     //************************************************************************ //trailing stop function trailingstart => 20 //trailing will start @trailinstart points profit trailingstep = 5 //trailing step to move the "stoploss"

   

  

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  02/26/2021 at 1:10 PM #162681
  Vonasi

  => is not allowed.

  You must use >=

  

  Vonasi

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  02/26/2021 at 1:48 PM #162684
  Guibourse

  No, unfortunately, the result is the same 🙁

   

   

  

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  02/26/2021 at 2:07 PM #162686
  robertogozzi

  If you want to assign a value to a variable you can only use =.
  If you want to test a logical condition you need to either assign it to a variable or use it with IF…ENDIF or WHILE…WEND.

  ProOrder wants to know what to do with TRAILINGSTART.

  

  robertogozzi

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  02/26/2021 at 4:24 PM #162688
  Guibourse

  Right, thank you, I changed that and it seems to be accepted. Since, the result is not the same as with Stop ploss 27 ptrailing 5… 🙁

  The IG spread is 2.5p on average here so I put it in both backtests, maybe this information could change the variables Nicolas told me to set ? (start : “=>22” and “step : 5”) ?

  Thank you so much for your help.

  

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  02/26/2021 at 4:33 PM #162691
  robertogozzi

  If it works well… that’s fine, but I fear it won’t most of the times, because you assign variable a a logical value, 0 or 1, so the trailing will start after 0 or 1 pip at most…. which would lead, sooner or later, to not respecting the minimum distance for stop orders required by the broker.

  Backtests may work, but when running on a demo account it is to be verified.

   

  

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  02/26/2021 at 4:36 PM #162692
  robertogozzi

  Nicolas suggested to use a value => 20, not to use “>=” as a relational operator!

   

  

  robertogozzi

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