Advanced Stop Loss (trailing stop loss and move to break even)

Created at 30 Jul 2013, 18:11
How’s your experience with the cTrader Platform?
Your feedback is crucial to cTrader's development. Please take a few seconds to share your opinion and help us improve your trading experience. Thanks!
cAlgo_Development's avatar

cAlgo_Development

Joined 20.02.2013

Advanced Stop Loss (trailing stop loss and move to break even)
30 Jul 2013, 18:11


New advanced protection functionality is available in this release. For every position you can choose one of two protection strategies:

 

Trailing Stop Loss

Trail your Stop Loss as markets move in your favour. Set it to be active after a set number of PIPs gained and follow the market at a defined distance from current prices. Make the most out of your trading activity, by protecting your profits

 

Move Stop Loss to Break Even

Set a number of PIPs gained to activate it and move Stop Loss to Break Even point in order to protect your position.

Both protection stategies are implemented in on the client side, so cTrader must be running and connected to the server for Advanced Stop Loss to work properly.


New version with Advanced Stop Loss is released on our demo (can be downloaded from www.spotware.com )


@cAlgo_Development
Replies

susantasaren
30 Jul 2013, 18:57 ( Updated at: 21 Dec 2023, 09:20 )

RE:
cAlgo_Development said:

New advanced protection functionality is available in this release. For every position you can choose one of two protection strategies:

 

Trailing Stop Loss

Trail your Stop Loss as markets move in your favour. Set it to be active after a set number of PIPs gained and follow the market at a defined distance from current prices. Make the most out of your trading activity, by protecting your profits

 

Move Stop Loss to Break Even

Set a number of PIPs gained to activate it and move Stop Loss to Break Even point in order to protect your position.

Both protection stategies are implemented in on the client side, so cTrader must be running and connected to the server for Advanced Stop Loss to work properly.


New version with Advanced Stop Loss is released on our demo (can be downloaded from www.spotware.com )

Nice!


@susantasaren

kricka
30 Jul 2013, 23:31

Hi,

it's a very nice feature though I was hoping the Spotware team had made it a default choice under "Order Execution Settings". The market is as we all know fast moving and in some cases there is not time enough to change the traling manually. There is also the risk of making errors changing this with every positions. A deafult setting of the trailing is needed but this is defenitely in the right direction.


@kricka

stoko
25 Sep 2013, 12:15

Is there an API calls for this?

I didn't see any new Methods/Properties on the Position class.


@stoko

Spotware
25 Sep 2013, 15:30

We don't have and do not plan to provide such API for now.


@Spotware

facestockvn
15 Oct 2013, 16:02 ( Updated at: 21 Dec 2023, 09:20 )

Dear Sir,

I want to use a trailing stop orders in wait, how? Trailing stop with orrders by sell stop or buy stop in Orders Tab cTrader.

?

Please help me!

Thanks and best regards!


@facestockvn

Spotware
15 Oct 2013, 17:00

Hello,

We will have Protection Settings for Pending Orders in the future, as we have now for positions. 

 

thanks


@Spotware

StormeNet
13 Dec 2013, 23:37

Are there plans to implement trailing stop at the server side?


@StormeNet

Spotware
16 Dec 2013, 15:29

There are plans for it but we cannot provide an ETA at the moment.


@Spotware

Abhi
27 Feb 2015, 16:19

RE:

Hi Spotware, Do we have an ETA when we will have Protection Settings for Pending Orders.

A lot of the Ctrader users are retail traders and we don't have the luxury to sit in front of the trading software from work. It would be really helpful if we can implement the aforesaid feature.

If the feature is unavailable in the near feature, if you guys can come up with a CBOT code that simulates the feature, that would be great.

Something like a CBOT that monitors any open positions and provide the trailing features based on the user input parameters.

 

 

Spotware said:

Hello,

We will have Protection Settings for Pending Orders in the future, as we have now for positions. 

 

thanks

 


@Abhi

Spotware
03 Mar 2015, 15:10

Hi Spotware, Do we have an ETA when we will have Protection Settings for Pending Orders.

A lot of the Ctrader users are retail traders and we don't have the luxury to sit in front of the trading software from work. It would be really helpful if we can implement the aforesaid feature.

If the feature is unavailable in the near feature, if you guys can come up with a CBOT code that simulates the feature, that would be great.

Something like a CBOT that monitors any open positions and provide the trailing features based on the user input parameters.

Dear Trader,

This feature will be available in the future. We apologize that we cannot promise an ETA at this point. Currently we do not plan to provide a cBot with such functionality. You can write such cBot yourself or contact professional developers: /consultants//jobs/


@Spotware

Abhi
03 Mar 2015, 15:20

RE:

Thanks for the reply Spotware, appreciate that you it is not your responsibility to write a CBOT, would you be able to provide some pointers though how I can build it. I am a programmer and use some of my programming knowledge to build the code but need a bit of your hand holding.

 

Spotware said:

Hi Spotware, Do we have an ETA when we will have Protection Settings for Pending Orders.

A lot of the Ctrader users are retail traders and we don't have the luxury to sit in front of the trading software from work. It would be really helpful if we can implement the aforesaid feature.

If the feature is unavailable in the near feature, if you guys can come up with a CBOT code that simulates the feature, that would be great.

Something like a CBOT that monitors any open positions and provide the trailing features based on the user input parameters.

Dear Trader,

This feature will be available in the future. We apologize that we cannot promise an ETA at this point. Currently we do not plan to provide a cBot with such functionality. You can write such cBot yourself or contact professional developers: /consultants//jobs/

 


@Abhi

Spotware
03 Mar 2015, 15:41

Dear Trader,

The following links could help you:

You can also post questions on the cTDN Forums for help from cAlgo developers community.


@Spotware

Zjhehe
10 Dec 2016, 22:01 ( Updated at: 21 Dec 2023, 09:20 )

RE:

cAlgo_Development said:

New advanced protection functionality is available in this release. For every position you can choose one of two protection strategies:

 

Trailing Stop Loss

Trail your Stop Loss as markets move in your favour. Set it to be active after a set number of PIPs gained and follow the market at a defined distance from current prices. Make the most out of your trading activity, by protecting your profits

 

Move Stop Loss to Break Even

Set a number of PIPs gained to activate it and move Stop Loss to Break Even point in order to protect your position.
 

Both protection stategies are implemented in on the client side, so cTrader must be running and connected to the server for Advanced Stop Loss to work properly.
 


New version with Advanced Stop Loss is released on our demo (can be downloaded from www.spotware.com )

Why has this been removed? The current trailing stop setup that trails for the pip amount equalling the stop loss does not make sense!


@Zjhehe

kricka
11 Dec 2016, 17:33

Set the triggers in pips, percentage or amount

To have control on when a move to break-even and the trailing of a position are triggered, are of course of very high importance. Also to be able to set the triggers in either pips, percentage, or amount are desirable features. Market order 3.0 cBot implanted this and its free to download and use att the RMMRobot.com website.

Information and download link: Market Order 3.0


@kricka

deadletteropener
26 Sep 2020, 14:49

RE:

Spotware said:

Hello,

We will have Protection Settings for Pending Orders in the future, as we have now for positions. 

 

thanks

hurry the f**k up with this would you or just admit to us that this will never be able to be implemented so we can all move on with our lives

ADVANCED PROTECTION ON PENDING ORDERS OR MULTIPLE BRACKETS ORDERS ARE REQUIRED IMMEDIATELY PLEASE


@deadletteropener

deadletteropener
26 Sep 2020, 14:49

RE:

Spotware said:

Hello,

We will have Protection Settings for Pending Orders in the future, as we have now for positions. 

 

thanks

hurry the f**k up with this would you or just admit to us that this will never be able to be implemented so we can all move on with our lives

ADVANCED PROTECTION ON PENDING ORDERS OR MULTIPLE BRACKETS ORDERS ARE REQUIRED IMMEDIATELY PLEASE


@deadletteropener

... Deleted by UFO ...