Trailing Stop for Basket trading | Forex Factory

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Trailing Stop for Basket trading

  • #1
  • First Post: Nov 28, 2015 3:47pm Nov 28, 2015 3:47pm
Hi guys! I'd like to code a trailingstop of basket's gain but until now i cann't. i wrote this code:
For example: i want my EA starts trailingstop when profitnow is bigger than 10$ (trailingstopbasketvalue):
- +2 bar: gain 12$ -> stop shouldbe set at 2$
- +1 bar: gain 13$ -> stop shouldbe set at 3$
- now: gain 11.5$ -> stop shouldbe set always at 3$ (max value reached (profitnow-trailingstop)

// profitnow = gain/loss of basket each tick
// TrailingStopBasketValue = vale of TrailingStop of basket where trailingstop starts
// stop= where EA should close all trades of basket

if (profitnow > TrailingStopBasketValue) {
if (stop<(profitnow-TrailingStop))stop=profitnow-TrailingStop;

}

if (profitnow < stop) CloseAllBasketTrades();


Someone can help me..... tnx u so much!
Regards
  • #2
  • Nov 29, 2015 12:25am Nov 29, 2015 12:25am
Something like this.....

Inserted Code
 Profit = 0;
   for (int i = 0; i < cnt; i++) {
      OrderSelect(i, SELECT_BY_POS, MODE_TRADES);
      MoneyPoint = OrderProfit() + OrderSwap();
      Profit += MoneyPoint;
   }
   if (Profit <= ProfitStopLoss || Profit >= TakeProfit) CloseAll();
   if (EnableLocking) {
      if (Profit >= 50.0) CloseAll();
      if (Profit <= MinProfit) CloseAll();     
      if (Profit >= 40.0 && MinProfit == 10.0) Lock = 31;
      if (Profit >= 30.0 && MinProfit == 9.0) Lock = 21;
      if (Profit >= 20.0 && MinProfit == 7.0) Lock = 13;
      if (Profit >= 15.0 && MinProfit == 5.0) Lock = 10;
      if (Profit >= 10.0 && MinProfit == 3.0) Lock = 7;
      if (Profit >= 7.0 && MinProfit == -999999.0) Lock = 3;
      if (Lock > MinProfit) MinProfit = Lock;
   }
  • #3
  • Nov 29, 2015 4:44am Nov 29, 2015 4:44am
Quoting Gvc
Something like this..... Profit = 0; for (int i = 0; i < cnt; i++) { OrderSelect(i, SELECT_BY_POS, MODE_TRADES); MoneyPoint = OrderProfit() + OrderSwap(); Profit += MoneyPoint; } if (Profit <= ProfitStopLoss || Profit >= TakeProfit) CloseAll(); if (EnableLocking) { if (Profit >= 50.0) CloseAll(); if (Profit <= MinProfit) CloseAll(); if (Profit >= 40.0 && MinProfit == 10.0) Lock = 31; if (Profit >= 30.0 && MinProfit == 9.0) Lock = 21; if (Profit >= 20.0 && MinProfit == 7.0) Lock = 13; if (Profit >= 15.0 && MinProfit == 5.0) Lock = 10; if (Profit...
Tnx Gvc for your reply!!! Your code is for "fixed step" ...i'd like for something progressive:

stop = (-1*MaxLoss);

if (profitnow > TrailingStopValue)
{
double lock = (profitnow-TrailingStopStep);
if (stop<lock) stop=lock;
}


if(profitnow > MinProfit ||profitnow <stop) closeall();

What do u think about upper code??
  • #4
  • Nov 29, 2015 5:44am Nov 29, 2015 5:44am
Looks correct....

Here is a snippet of code from HotPotato....

Inserted Code
//- Profit lock trail
   if(trailstarted== true && totalprofit>currentlock+lockdistance)
      currentlock = totalprofit-lockdistance;
//- Lock in profit 1
   if(BasketP1!=0.0 && BasketL1!=0.0 && currentlock<BasketL1)
     {
      if(totalprofit>BasketP1)
         currentlock=BasketL1;
      if(BasketP2==0.0 && TrailLastLock==true)
        {
         trailstarted=true;
         if(TrailDistance!=0.0)
            lockdistance=BasketP1-TrailDistance;
         else
            lockdistance=BasketL1;
        }
     }
  • #5
  • Nov 29, 2015 8:44am Nov 29, 2015 8:44am
Tnx u!!! I will try at the market opening
  • #6
  • Last Post: Dec 12, 2018 3:12am Dec 12, 2018 3:12am
Quoting Gvc
Looks correct.... Here is a snippet of code from HotPotato.... //- Profit lock trail if(trailstarted== true && totalprofit>currentlock+lockdistance) currentlock = totalprofit-lockdistance; //- Lock in profit 1 if(BasketP1!=0.0 && BasketL1!=0.0 && currentlock<BasketL1) { if(totalprofit>BasketP1) currentlock=BasketL1; if(BasketP2==0.0 && TrailLastLock==true) { trailstarted=true; if(TrailDistance!=0.0) lockdistance=BasketP1-TrailDistance; else lockdistance=BasketL1; } }
Hi Could you help me with this script in simple Expert Advisor please?
Thanks before
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