how to step (move) Stoploss over a fixed range? | Forex Factory

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Attachments: how to step (move) Stoploss over a fixed range?
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how to step (move) Stoploss over a fixed range?

  • #1
  • First Post: Aug 5, 2009 11:34am Aug 5, 2009 11:34am
I need to modified open order SL over a fixed range every time price move over the same range.

I have try this way but doen't work....

Inserted Code
//modifing order to range  
 if(set_to_break_even == true){
   int cnt, total;
   int r=1;
   int p=1;
   int r1=0;
   int p1=0;
     total=OrdersTotal();
      for(cnt=0;cnt<total;cnt++)
        {
         OrderSelect(cnt, SELECT_BY_POS,MODE_TRADES);
         if(OrderType()<=OP_SELL &&   // check for opened position 
            OrderSymbol()==Symbol() && OrderMagicNumber() == magic_num)  // check for symbol 
           {
            if(OrderType()==OP_BUY)   // long position is opened  
             {              
              if (Bid - OrderOpenPrice() >= range*r)
               {
                 if (OrderStopLoss() < OrderOpenPrice() + range*r)
                  { 
                   Print("modifying buy order for set_to_break_even",OrderOpenPrice()+range*r1);
                     OrderModify(OrderTicket(), OrderOpenPrice(), OrderOpenPrice() + range*r1,0,0,Green);
                     r++; r1++;
                       }
                  }
             } 
            else // go to short position 
              {            
               if(OrderOpenPrice()-Ask < OrderOpenPrice() - range*p)
                  {
                   if (OrderStopLoss() > OrderOpenPrice() - range*p)
                    {
                        Print("modifying sell order for set_to_break_even",OrderOpenPrice()-range*p1);
                        OrderModify(OrderTicket(),OrderOpenPrice(),OrderOpenPrice()-range*p1,0,0,Red);
                        p=p+1; p1++;
                      }
                     }
                    }
                 }
          }
   }//end if

Any suggestions?

Thanks.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #2
  • Aug 5, 2009 3:42pm Aug 5, 2009 3:42pm
Maybe it was not clear, I put a graphical example for what I mean.


Thanks.

Lubo.
Attached Image (click to enlarge)
Click to Enlarge Name: rangestepstoploss_ex.gif Size: 27 KB
If I know how, I tell You!! Few but Good!!
  • #3
  • Aug 6, 2009 3:50pm Aug 6, 2009 3:50pm
heres a function i made, it move to be, then itl step

Inserted Code
void breakeven()
{
  int totalorders = OrdersTotal();
  for(int i=totalorders-1;i>=0;i--)
 {
    OrderSelect(i, SELECT_BY_POS);

    if ( OrderSymbol()==Symbol() &&OrderMagicNumber()==magic_number )
     {
           if (OrderStopLoss()<OrderOpenPrice()&& OrderType() == OP_BUY &&Ask-OrderOpenPrice()>=BreakEven*my_point && OrderStopLoss()!=OrderOpenPrice())  OrderModify(OrderTicket(),OrderOpenPrice(),OrderOpenPrice(),OrderTakeProfit(),0,Green);
           if (OrderStopLoss()>OrderOpenPrice()&& OrderType() == OP_SELL &&OrderOpenPrice()-Bid>=BreakEven*my_point && OrderStopLoss()!=OrderOpenPrice())   OrderModify(OrderTicket(),OrderOpenPrice(),OrderOpenPrice(),OrderTakeProfit(),0,Green);

            if (OrderStopLoss()>=OrderOpenPrice()&& OrderType() == OP_BUY &&Ask>=OrderStopLoss()+(step*2)*my_point )   OrderModify(OrderTicket(),OrderOpenPrice(),OrderStopLoss()+step*my_point,OrderTakeProfit(),0,Green);
            if (OrderStopLoss()<=OrderOpenPrice()&& OrderType() == OP_SELL &&Bid<=OrderStopLoss()-(step*2)*my_point )   OrderModify(OrderTicket(),OrderOpenPrice(),OrderStopLoss()-step*my_point,OrderTakeProfit(),0,Green);
            
           
           }
  }
  return;
}
  • #4
  • Aug 7, 2009 9:35am Aug 7, 2009 9:35am
Thanks trendchaser,
it's a good idea split it 2 ordermodify , one for BE and one for step, but the step ordermodify I think doesn't work as step but as trail coz when SL is higher then open price and ask higher then SL + step*2, every time SL is = to the minimun SL allowed, the order is modified, i'm wrong?

BTW in my EA the BE is mdified in the wrong way, and the second ordermodify cycle it is never executed, because price always hits the first SL moved to break with some 0 gain, maybe it's another error in my code.

this is how i made it with your input, the range param is higher value - lower value take over some some bars.
Inserted Code
if(set_to_break_even == true)
 {
   {
  int totalorders = OrdersTotal();
  for(int i=totalorders-1;i>=0;i--)
 {
    OrderSelect(i, SELECT_BY_POS, MODE_TRADES);

    if ( OrderSymbol()==Symbol() && OrderMagicNumber()==magic_num )
     {
           if ((OrderStopLoss() < OrderOpenPrice()) && (OrderType() == OP_BUY) && (OrderProfit() > 0) &&
            ((Ask-OrderOpenPrice()) >= range) && (OrderStopLoss()!=OrderOpenPrice()))  
               OrderModify(OrderTicket(),OrderOpenPrice(),OrderOpenPrice(),0,0,Green);
           if ((OrderStopLoss() > OrderOpenPrice()) && (OrderType() == OP_SELL) &&  (OrderProfit() > 0) &&
            ((OrderOpenPrice()-Bid) >= range) && (OrderStopLoss()!=OrderOpenPrice()))
               OrderModify(OrderTicket(),OrderOpenPrice(),OrderOpenPrice(),0,0,Green); 

           if ((OrderStopLoss() >= OrderOpenPrice()) && (OrderType() == OP_BUY) &&  (OrderProfit() > 0) &&
            (Ask >= (OrderStopLoss() + (range*2 + amount_out_of_box*Point)))) 
                OrderModify(OrderTicket(),OrderOpenPrice(), (OrderStopLoss() + (range + amount_out_of_box*Point)),0,0,Green);
            if ((OrderStopLoss() <= OrderOpenPrice()) && (OrderType() == OP_SELL) &&  (OrderProfit() > 0) &&
             (Bid <= (OrderStopLoss() - (range*2 + amount_out_of_box*Point)))) 
                OrderModify(OrderTicket(),OrderOpenPrice(),(OrderStopLoss() - (range + amount_out_of_box*Point)),0,0,Green);
            
    }
  }
  return;
 }
Do u see something wrong?
Lubo.
If I know how, I tell You!! Few but Good!!
  • #5
  • Aug 11, 2009 3:12am Aug 11, 2009 3:12am
Hello LuboLabo,

I am sorry I not cannot help you on this subject as I am not a MT4 specialist.

While reading the thread "Ninpostar Revolution", I found a very interresting graph you posted:
http://www.forexfactory.com/t/121739...ml#post2319801

Are you still using QQE and Complex Pairs indicators ??
I am using Ninja Trader platform and wish to backtest the configurations you described.
Could you explain a little further your discoverings ??

Thanks, have a nice day.

Arnaud
  • #6
  • Aug 13, 2009 3:20pm Aug 13, 2009 3:20pm
Arnaudbzh,
there's not the right place for that question.....BTW I don't use those indicators anymore.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #7
  • Last Post: Aug 13, 2009 3:27pm Aug 13, 2009 3:27pm
I Find a way for step stoploss with a counter for multiply the step and using a minimum pips distance for modify order, that i my case is = to the step's pips.

Lubo.
If I know how, I tell You!! Few but Good!!
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