Trailing stop loss and Break even function

cAlgo_Fanatic
08 Aug 2013, 17:54

This will be considered for future implementation.

kricka
24 Oct 2013, 18:32

Hi,

a default setting with both break-even and trailing in cTrader "Quick Execution Settings" is what we need. To be able to have both at the same time selected too, is crucial.

Hyperloop
01 Nov 2013, 22:23

You can always make a cBot to do this. :)

private void SetTrailingStop(int argPositionID, int argTrailingStopPips, int argMinimumProfitPips)
        {
            foreach (var position in Account.Positions)
            {
                if (position.Id == argPositionID)
                {
                    if (position.Pips >= argMinimumProfitPips)
                    {
                        if (position.TradeType == TradeType.Buy)
                        {
                            Symbol XXXYYY = MarketData.GetSymbol(position.SymbolCode);
                            double NewStoploss = XXXYYY.Bid - (argTrailingStopPips * XXXYYY.PipSize);

                            if (position.StopLoss == null || NewStoploss > position.StopLoss)
                            {
                                Trade.ModifyPosition(position, NewStoploss, position.TakeProfit);
                                return;
                            }
                        }
                        else if (position.TradeType == TradeType.Sell)
                        {
                            Symbol YYYXXX = MarketData.GetSymbol(position.SymbolCode);
                            double NewStoploss = YYYXXX.Ask + (argTrailingStopPips * YYYXXX.PipSize);

                            if (position.StopLoss == null || NewStoploss < position.StopLoss)
                            {
                                Trade.ModifyPosition(position, NewStoploss, position.TakeProfit);
                                return;
                            }
                        }
                    }
                }
            }
        }

        private void SetBreakevenStop(int argPositionID, int argMinimumProfitPips)
        {
            foreach (var position in Account.Positions)
            {
                if (position.Id == argPositionID)
                {
                    if (position.Pips >= argMinimumProfitPips)
                    {
                        if (position.TradeType == TradeType.Buy)
                        {
                            if (position.StopLoss == null || position.StopLoss < position.EntryPrice)
                            {
                                Trade.ModifyPosition(position, position.EntryPrice, position.TakeProfit);
                                return;
                            }
                        }
                        else if (position.TradeType == TradeType.Sell)
                        {
                            if (position.StopLoss == null || position.StopLoss > position.EntryPrice)
                            {
                                Trade.ModifyPosition(position, position.EntryPrice, position.TakeProfit);
                                return;
                            }
                        }
                    }
                }
            }
        }

kricka
01 Nov 2013, 23:55

Thanks Hyperloop for posting the code. However a lot of traders are not into coding and just want the basic default of stop loss, break even, trailing and target.

It's convenient too if you mix manual trading through cTrader and robot trading with cAlgo. Spotware is aware of this of course, that a default setting is needed and I think it will be implemented in the near future.