Trailing Stop Help
Trailing Stop Help
01 Apr 2014, 17:19
Hello,
I am having a problem using the sample trailing stop code provided in the sample section. I have an EA that current opens a new trade on every bar as long as the signal is still valid. So far that is done properly. I at first experimented with a set TP and SL; that functioned properly. However, I am trying to implement a trailing stop for each individual trade that can occur. What seems to be happening with my code below is that ALL of the trades are getting set with the same SL irregardless of their entry price. And the stoploss modification only occurs once per trade.
Can anyone give me a hand in making it so EACH individual trade has its own trailing stop, and that the trailing stop follows the trade as long as it doesn't retrace back into and stop out?
Thanks,
David
var tposition = Positions.FindAll(label); foreach (var position in tposition) { if (position == null) return; if (position.TradeType == TradeType.Buy) { double distance = Symbol.Bid - position.EntryPrice; if (distance >= Trigger * Symbol.PipSize) { double newStopLossPrice = Math.Round(Symbol.Bid - TrailingStop * Symbol.PipSize, Symbol.Digits); if (position.StopLoss == null || newStopLossPrice > position.StopLoss) { ModifyPosition(position, newStopLossPrice, null); } } } else { double distance = position.EntryPrice - Symbol.Ask; if (distance >= Trigger * Symbol.PipSize) { double newStopLossPrice = Math.Round(Symbol.Ask + TrailingStop * Symbol.PipSize, Symbol.Digits); if (position.StopLoss == null || newStopLossPrice < position.StopLoss) { ModifyPosition(position, newStopLossPrice, null); } } } }
Replies
Tempestshade
02 Apr 2014, 15:38
Thanks for replying!
I will try to be more specific.
My system opens a new trade every bar that a signal is valid. I want each trade to have an individual trailing stop. Essentially, I want every trade to be managed separately instead of as a basket like it is now.
Cheers,
David
@Tempestshade
Tempestshade
03 Apr 2014, 17:18
Still haven't been able to figure this out. Have tried tweaking it every which way but with no luck... :/
@Tempestshade
tradermatrix
03 Apr 2014, 19:32
your robot; the trailing stop works with OnTick or OnBar?
@tradermatrix
Spotware
02 Apr 2014, 10:17
As we can see newStopLossPrice doesn't depend on any position properties:
Therefore it is expected that all positions (with the same trade type and distance more than Trigger) will have the same value of stop loss.
Could you please be more specific?
@Spotware