Trigger Trailing SL if target is met

• 08/04/2022 at 8:23 PM #198511
  Mr.Mjau

  Yes I think you jumped to DJI but np. For me this happends step by step.

  Buy 8/4 17:30 @32671

  newSL 32721
  newSL 32796

  newSL 33321

  Sold 2/5 20:30 @32471 (900 points below SL?)

  What am I missing?

  

  Mr.Mjau

  Participant

  Topics: 7

  Replies: 59

  Been thanked: 7 times
  08/04/2022 at 8:47 PM #198513
  Mr.Mjau

  @phoentzs YES!!!!! 🙂

  And if you pick a low intrerval like 1 min it will match so often that you miss it. With larger interval it becomes more visible.

  

  Mr.Mjau

  Participant

  Topics: 7

  Replies: 59

  Been thanked: 7 times
  08/04/2022 at 9:09 PM #198514
  GraHal

  Mr.Mjau wrote:

  What am I missing?

  I think you are missing that unless C2 =1 / True that the Trailing Stop (TS) will not function / trail.  If C2=0 the Trail is switched off.

  Remember also that crosses over means crosses over at the end of that bar (when the code is read) … NOT has crossed over in the previous bar or some bar prior to that.

  The TS probably needs some extra lines of code to make newSL = 0 when C2 =0.  As the TS code stands, newSL appears to remain at a previous value but is not functioning as a Trailing Stop (due to C2 = 0)?

  Often working out what is and what is not happening is very time consuming, if you are interested enough to want to find out … keep at it, spend time and more time on it, but in the end will it make you money?? 🙂

  Whilst I can do above, and have for myself in the past (teach yourself – the best way to learn!) I tend to concentrate on getting a Trading System to give a good equity curve and good stats etc and then the time  seems worth the effort and it feels like I am working towards a positive goal?

  I feel here we are pursuing a strategy that is not going anywhere anyway??  Ditch the ‘crossing over’ and move on is my advice.

  Anybody who can see what I have not seen in this code / strategy feel free to jump in please!? 🙂

  

  GraHal

  Participant

  Topics: 211

  Replies: 8754

  Been thanked: 2172 times
  08/04/2022 at 9:09 PM #198515
  phoentzs

  If you omit your exit cross, you miss the exits that end negative and always end up in the SL. If you choose a > b as the trigger for the trail, you will also miss the negative-ended outputs. So the solution remains… leave the exitcross in the code and optimize the trail independently to land a little more hits.

  

  phoentzs

  Participant

  Topics: 86

  Replies: 955

  Been thanked: 195 times
  08/04/2022 at 9:28 PM #198516
  Mr.Mjau

  I used Crosses Over with [2] delay if you guys remember, and it’s working great for me. My ide with it triggering a trailing SL and not a sell was to see if I could cram just a little bit more out of it. So the Cross will remain, and the trailing is out. This is a great way to learn, for me atlest 🙂

   

  Tank you guys for taking time to help me.

  

  Mr.Mjau

  Participant

  Topics: 7

  Replies: 59

  Been thanked: 7 times
  08/04/2022 at 9:28 PM #198517
  GraHal

  Ha … I’ve maybe solved it … a Flag which stays at 1 after C2 = 1?

  Results attached

  Code / .itf attached which retains the crosses over! 🙂

  1 user thanked author for this post.

  Mr.Mjau

  

  GraHal

  Participant

  Topics: 211

  Replies: 8754

  Been thanked: 2172 times
  08/04/2022 at 9:33 PM #198520
  GraHal

  And here we are, we’re even making money now!!!

  Attached with re-optimised settings!!

   

  1 user thanked author for this post.

  Mr.Mjau

  

  GraHal

  Participant

  Topics: 211

  Replies: 8754

  Been thanked: 2172 times
  08/04/2022 at 9:34 PM #198522
  Mr.Mjau

  You beautiful son of a gun!!!!!!

  U did it!!!

  Works fine now, what I can see

  Now time for optimising start and trail values

  1 user thanked author for this post.

  GraHal

  

  Mr.Mjau

  Participant

  Topics: 7

  Replies: 59

  Been thanked: 7 times
  08/04/2022 at 9:43 PM #198523
  GraHal

  Even good on 5 min TF – see attached!

  More interested now I can see profit and good equity curve, it’s only over 10K bars I know but hey that suits me anyway!!

  Make Money while You Sleep! 😉

  1 user thanked author for this post.

  Mr.Mjau

  

  GraHal

  Participant

  Topics: 211

  Replies: 8754

  Been thanked: 2172 times
  08/05/2022 at 10:23 AM #198545
  Mr.Mjau

  Been looking over the data testing tinkering, and it looks like the Trailing Stop only starts when the position is in profit. “trailing will start @trailinstart points profit”. Have I understod this right? And if so is there a way to make the trailingstop to start at cross even if the position is not in profit?

  And also, in the code you send to me last night, you have A21, A22 and A46 and not numbers, what are those and how does that work?

  

  Mr.Mjau

  Participant

  Topics: 7

  Replies: 59

  Been thanked: 7 times
  08/05/2022 at 10:49 AM #198550
  GraHal

  Mr.Mjau wrote:

  Trailing Stop only starts when the position is in profit

  Yes above is how a normal Trailing Stop normally works.

  Mr.Mjau wrote:

  is there a way to make the trailingstop to start at cross even if the position is not in profit?

  Does the cross ever occur if the position is not in profit. Use GRAPH to find out and let us know.

  Mr.Mjau wrote:

  you have A21, A22 and A46 and not numbers, what are those and how does that work?

  Look in the optimiser and you will see the above code line numbers as variable names.

  

  GraHal

  Participant

  Topics: 211

  Replies: 8754

  Been thanked: 2172 times
  08/05/2022 at 11:48 AM #198551
  robertogozzi

  This version will NOT use TRAILINGSTART, as it will start from the Stop Loss, then will increase it by TRAILINGSTEP pips as the price exceeds the previous SL by TRAILINGSTEP * 2 pips.

  I also added a Take Profit to avoid trades lasting several months.

  You will spot a few more changes throughout the code.

  Be warned that strategies based solely on average crossovers are very prone to future losses, as backtests are usually and easily overoptimized.

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter long positions indicator1 = Average[20](close) indicator2 = Average[100](close) c1 = (indicator1 CROSSES under indicator2) IF c1 AND Not OnMarket THEN BUY 1 CONTRACT AT MARKET NewSL = 0 TSON = 0 ENDIF // Conditions to exit long positions indicator3 = Average[20](close) indicator4 = Average[100](close) c2 = (indicator3 crosses over indicator4) IF OnMarket AND Not OnMarket[1] THEN NewSL = TradePrice - (A46 * PipSize) ENDIF If C2 AND OnMarket Then TSON = 1 Endif If TSON Then // Stops and targets trailingstart = A21 //10 //trailing will start @trailinstart points profit trailingstep = A22 //30 //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 IF close>=NewSL+(trailingstep*pipsize*2) THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP ENDIF Endif TSOUT = Close < newSL AND C2 = 1 //GRAPH Close < newSL SET STOP pLOSS A46 //500 set target pProfit A46*A99 //GRAPH C2 //GRAPH TSOUT graphonprice NewSL coloured(0,0,255,255) graphonprice tradeprice

  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

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter long positions indicator1 = Average[20](close) indicator2 = Average[100](close) c1 = (indicator1 CROSSES under indicator2) IF c1 AND Not OnMarket THEN BUY 1 CONTRACT AT MARKET NewSL = 0 TSON  = 0 ENDIF   // Conditions to exit long positions indicator3 = Average[20](close) indicator4 = Average[100](close) c2 = (indicator3 crosses over indicator4)   IF OnMarket AND Not OnMarket[1] THEN NewSL = TradePrice - (A46 * PipSize) ENDIF   If C2 AND OnMarket Then TSON = 1 Endif If TSON Then // Stops and targets trailingstart = A21 //10   //trailing will start @trailinstart points profit trailingstep  = A22 //30     //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 IF close>=NewSL+(trailingstep*pipsize*2) THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP ENDIF Endif   TSOUT = Close < newSL AND C2 = 1 //GRAPH Close < newSL SET STOP pLOSS A46 //500 set target pProfit A46*A99 //GRAPH C2 //GRAPH TSOUT graphonprice NewSL coloured(0,0,255,255) graphonprice tradeprice

  2 users thanked author for this post.

  Mr.Mjau, GraHal

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17086

  Been thanked: 4005 times
  08/05/2022 at 12:49 PM #198553
  GraHal

  Link to above added as Log 333 here …

  Snippet Link Library

  1 user thanked author for this post.

  robertogozzi

  

  GraHal

  Participant

  Topics: 211

  Replies: 8754

  Been thanked: 2172 times
  08/05/2022 at 4:18 PM #198569
  Mr.Mjau

  @GraHal

  Yes I use trailingstops everyday in my manuell trading, 90% of them start in the red and some end up in the red to. So to me that “Trailing Stop only starts when the position is in profit” was super strange 🙂

  The cross does occur even when the position is not in profit, but you have to max out SL and even then is not very common. I do get is kinda odd to ask that coz it almost never happends, but for me I need to know what happens at the extremes to understand the big picture.

  Found the optimizer :rofl: now I got the weekend cut out for me :thumbsup:

  @robertogozzi

  O tank you so much, this is just what I was looking for! Now I have another tool to use. Will look over it this weekend :thumbsup:

  1 user thanked author for this post.

  GraHal

  

  Mr.Mjau

  Participant

  Topics: 7

  Replies: 59

  Been thanked: 7 times
  08/05/2022 at 5:40 PM #198580
  GraHal

  GraHal wrote:

  Yes above is how a normal Trailing Stop normally works.

  What I should have said is … how a normal coded Trailing Stop works.

  Mr.Mjau wrote:

  90% of them start in the red

  Above is because you start the manual Trailing Stop after the trade is opened (most trades go in the red immediately after open, if only due to spread)?

  1 user thanked author for this post.

  Mr.Mjau

  

  GraHal

  Participant

  Topics: 211

  Replies: 8754

  Been thanked: 2172 times
• Author
  Posts