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Trailing Stop Strat Pivots


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greenroomhoo's Avatar
 greenroomhoo 
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has anyone seen code for an easylanguage trailing stop based on pivots. That is the stops move up as each new price pivot is formed?

thanks


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 Nicolas11 
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Hi,

It is not so difficult to code by using MultiCharts Pivot.

What is exactly your problem?

Nicolas

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 greenroomhoo 
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i probably could figure it out but why reinvent the wheel if someone else already has :-)




Nicolas11 View Post
Hi,

It is not so difficult to code by using MultiCharts Pivot.

What is exactly your problem?

Nicolas

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Nicolas11's Avatar
 Nicolas11 
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You could play around
 
Code
if MarketPosition = 1 {currently long} then
   sell next bar at SwingLow(1 {first}, Low, 2 {strength on both left and right sides}, 50 {lookback}) stop;
Nicolas


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greenroomhoo's Avatar
 greenroomhoo 
annapolis USA
 
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you shamed me into it. here is the language i came up with that seems to be working just fine. LongPivotStop and ShortPivotStop variables need to be intrabarpersist types when defined in your code.

//Long Stop Language
Condition3 = PivotLowVSBar( 1, Price, LeftStrength, RightStrength, RightStrength + 1 ) <> -1 ;
if marketposition = 0 and condition3 then longpivotstop = Price[LeftStrength];
if marketposition = 1 and condition3 and Price[Leftstrength]>Longpivotstop then LongPivotStop = Price[LeftStrength];
if marketposition = 1 then begin
Sell ( "Pivot LX" ) next bar at LongPivotStop stop;
end;

//Short Stop Language
Condition4 = PivotHighVSBar( 1, Price, LeftStrength, RightStrength, RightStrength + 1 ) <> -1 ;
if marketposition = 0 and condition4 then shortpivotstop = Price[LeftStrength];
if marketposition = -1 and condition4 and Price[Leftstrength]<shortpivotstop then shortPivotStop = Price[LeftStrength];
if marketposition = -1 then begin
Buytocover ( "Pivot SX" ) next bar at shortPivotStop stop;
end;


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