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Trailing stop triggering an entry


Discussion in EasyLanguage Programming

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  #1 (permalink)
Edwin Lefevre
Scotland
 
Posts: 27 since May 2019
Thanks Given: 11
Thanks Received: 4

Hi im using a trailing stop and stop loss. Most of the time this works but sometimes my trailing stop is putting me into a reverse position. This typically happens when my position does not move into profit from my entry and moves straight to the stop loss.

Is this because the orders are still live until the close of the bar?

How do I go about ensuring that this does not happen?

sl (4),
tp (12),
trailing_input (4),

if marketposition <> 0 then
setprofittarget_pt(tp);
setstoploss_pt(sl);
settrailingstop_pt(tp/trailing_input);

Thanks.


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  #3 (permalink)
Edwin Lefevre
Scotland
 
Posts: 27 since May 2019
Thanks Given: 11
Thanks Received: 4


I think I may have found my answer:

[IntrabarOrderGeneration = true]

This will cancel the stop or trailing stop immediately after a position is closed.

However this seems to vause my backtest to display diffrent results. I think this is more due to a change in how the test is calculating historic data than how the strategy operates.

Therefore,

I think taking the [IntrabarOrderGeneration = true] out for backtests and adding it for live trading should work.


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  #4 (permalink)
Edwin Lefevre
Scotland
 
Posts: 27 since May 2019
Thanks Given: 11
Thanks Received: 4

Bump.

Was till having issues.

Removed the stop and left the trailing. So simple - lets see..


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  #5 (permalink)
ezrollin
Cleburne
 
Posts: 14 since Dec 2019
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did it work?


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