Trigger Trailing SL if target is met

• 08/05/2022 at 7:07 PM #198596
  PeterSt

  GraHal wrote:

  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)?

  I am not Mr.Mjau, but No, Why ?

  One thing : can you add a Trailing Stop with Manual Trading in PRT-IG ? (hint : I can’t)

  @Mr.Mjau, I didn’t follow all to the letter, but you are on the PRT-IG platform, right ?
  (if you’re on PRT-IB, no wonder – all these issues (mis-communication ?))

  

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  08/05/2022 at 7:56 PM #198598
  GraHal

  PeterSt wrote:

  can you add a Trailing Stop with Manual Trading in PRT-IG ?

  Yes by right clicking an open trade and it is an option, but I recall there is a setting, maybe even on IG Settings, to enable Trailing Stop before the TS can be seen as an option.

  

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  08/05/2022 at 8:38 PM #198599
  Mr.Mjau

  GraHal wrote:

  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)?

  Yes this is correct, usually put on the trailing after some time I’ve been in the trade. So yes almost all start in red

  

  Mr.Mjau

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  08/05/2022 at 8:42 PM #198600
  Mr.Mjau

  PeterSt wrote:

  @Mr.Mjau, I didn’t follow all to the letter, but you are on the PRT-IG platform, right ?

  (if you’re on PRT-IB, no wonder – all these issues (mis-communication ?))

  Yes I’m on PRT-IG platform, but maybe just bad at expressing myself 🙂

   

  

  Mr.Mjau

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  08/08/2022 at 1:26 PM #198740
  Mr.Mjau

  @GraHal

  I’ve spent the weekend looking over the 2 files you made, and I think we still have some problems.

  The first one “Mjau MAxTS DAX M1 10K v1gh” will start trailing when C2 happens. The starting point of the trail will be where the position started+A21, so not point C2. I guess if it’s not possible to start from c2, then letting the trail start from where the position began is the next best thing. The biggest problem with this file is that the rule of c2 keeps lingering in the trailing, so it ONLY makes a trailing step when c2 happends. See attachment:(Mb this version was just a rushed test?)

  On the second one “Mjau MAxTS DAX M1 10K v2gh” Does not have the lingering C2 problem. This one will start trailing from where position started +(A22), probably even better then +A21 like it was in the last one. Problem with this one is that the trailing SL will only start if C2 happends when position is in profit, this makes “Time in the market” explode. Is there a way to make trailing start in C2 even if the position is not in profit?

  

  Mr.Mjau

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  08/08/2022 at 1:32 PM #198743
  GraHal

  Mr.Mjau wrote:

  Is there a way to make trailing start in C2 even if the position is not in profit?

  Yes Roberto kindly provided us with above on the link beow

  https://www.prorealcode.com/topic/trigger-trailing-sl-if-target-is-met/page/4/#post-198551

  

  GraHal

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  08/08/2022 at 2:15 PM #198748
  Mr.Mjau

  Yes I looked at the code from Roberto gave. He solves the problem with by setting the starting point at SL. The problem with this is that it takes such a long time for the trailingsl to get to good level. If A22=50 and A46=400 it will take 8 bars after c2 just to get where the position started.

  Maybe we are at that point where we have to choose between your version that starts in a good place but don’t get triggerd if c2 is below starting point or Robertos that takes a long time to get the sl-level up.

  Either way, making a trailingSL this way makes it dependent on steps per bar and works from bottom up that takes time, and is an inferior way to how SET STOP pTRAILING works.

  Is there no way to make something like “IF C2 THEN SET STOP pTRAILING xx” to work?

  

  Mr.Mjau

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  08/08/2022 at 4:58 PM #198759
  GraHal

  You could have a go yourself or do you not do any coding?

  Try …

  If C2 or TSON Then Set Stop pTrailing X Endif

  1 2 3

  If C2 or TSON Then Set Stop pTrailing X Endif

  Or you could run the v2gh version on a shorter timeframe … 5 mins or 1 min then the code will be read every 5 mins or 1 min and so the Trail will act faster.

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  Mr.Mjau

  

  GraHal

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  12/04/2022 at 11:27 PM #205256
  Mr.Mjau

  robertogozzi wrote:

  // 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

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  // 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

   

   

  Waking this tread up

  I have been using the code Roberto provided for some time now with okey results.

  But there is one problem with it, and that it some time makes an error smt like “Can’t put stoploss below current market price” or smt like that. And that makes the program stop is there a way to fix this? ty

   

  

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