05-02-2008, 07:46 PM
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Senior Member
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Join Date: Feb 2006
Posts: 525
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Quote:
Originally Posted by Dave137
PHP Code:
void TrailingPositions() {
double pBid, pAsk, pp;
pp = MarketInfo(OrderSymbol(), MODE_POINT);
if (OrderType()==OP_BUY) {
pBid = MarketInfo(OrderSymbol(), MODE_BID);
//BreakEven routine
if (BreakEven>0) {
if ((pBid-OrderOpenPrice())>BreakEven*pp) {
if ((OrderStopLoss()-OrderOpenPrice())<0) {
ModifyStopLoss(OrderOpenPrice()+0*pp);
}
}
}
if (TrailingStop>0) {
if ((pBid-OrderOpenPrice())>TrailingStop_Over135*pp){ //15 pips TS
ModifyStopLoss(pBid-TrailingStop_Over135*pp);
if (pBid-OrderOpenPrice()>TrailingStop_Over90*pp && pBid-OrderOpenPrice()<TrailingStop_Over135*pp){ //55 pips TS
ModifyStopLoss(pBid-TrailingStop_Over90*pp);
if ((OrderOpenPrice()-pAsk)>TrailingStop +TrailingStep+1*pp && (OrderOpenPrice()-pAsk) < TrailingStop_Over90*pp+TrailingStep-1*pp || OrderStopLoss()==0) {//75 pips TS
ModifyStopLoss(pAsk+TrailingStop*pp);
return;
}
}
}
}
}
Three levels of Trailing Stop:
1) 75 Pips TS up to first 90 Pips Profit.
2) 55 Pips TS after 90 but only up to 135 pips profit.
3) 15 Pips TS after 135 pips profit.
The problem I am having is the Trailing Stop moves both up and down as the price moves up and down . . It should just be moving up as the price profit increases and stop if the price starts dropping! How do I get it to stop moving down as the price drops - The Trailing Stop is acting like a Yo-Yo as the price moves up and down.
I am not sure how to stop this from happening?? Please, I need your expertise!
Humbly,
Dave |
for example:
PHP Code:
ts = pBid - TrailingStop_Over135*pp;
if (ts > OrderOpenPrice() && ts > OrderStopLoss()) ModifyStopLoss(ts);
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