script for trailing stop needed please? - Page 4

ohruj · #31 (**permalink**) 09-02-2009, 07:26 AM

I Need script that modify your orders by updating the stop loss in line with the i_HighLow value. I trade by moving my stop loss to the boder of i-HighLow until I get stopped out in profit but I have to keep changing it manually. If the script can do this would be very usefull.

Method :

If open BUY position moving stoploss to highest high line (orange)
If open Sell position moving stoploss to lowest low line (blue)

Thanks.

xtream · #32 (**permalink**) 10-01-2009, 02:08 AM

I need an indicator where I could drag and drop horizontal lines for SL, TP and Pending Orders.

Please check attached jpeg

xtream · #33 (**permalink**) 10-01-2009, 02:27 AM

Image failed to upload on the start of thread. here it is

Pava · #34 (**permalink**) 10-01-2009, 04:54 AM

Easy.ea in one of my posts...BS for buy...SS for sell

Linuxser · #35 (**permalink**) 10-01-2009, 05:23 AM

Quote:

Originally Posted by xtream

Image failed to upload on the start of thread. here it is

Something close on this thread. Look for kimiv EA.

italiangoose · #36 (**permalink**) 11-02-2009, 01:20 PM

Hi everyone,

I am busy working on a simple exit strategy, using a percent trailing. I have previously been working with Tradestation, but then discovered Metatrader and am currently developing an EA.

Tradestation has a function SetPercentTrailing where I can pass 2 values a floor amount and a percent trailing. I am trying to reconstruct this function in EA.

So far I have put together this code:

Code:

// Trailing stop calculation
   if(OrdersTotal() > 0)
      {
      OrderSelect(ticket, SELECT_BY_TICKET);
      CurrentProfit = OrderProfit();
      if (CurrentProfit >= HighestProfit)
         {
         HighestProfit = CurrentProfit;
         }
         
      if (HighestProfit >= (FloorAmt*Lots))
{
if ((HighestProfit - CurrentProfit) / HighestProfit) * 100 >= TrailingPct)
         {
            if(OrderType() == OP_BUY)
            {
               OrderClose(OrderTicket(),OrderLots(),Bid,Slippage,Red);
               HighestProfit = 0;
            }
            if(OrderType() == OP_SELL)
            {
               OrderClose(OrderTicket(),OrderLots(),Ask,Slippage,Red);
               HighestProfit = 0;
            }
            //Print("Closing order for Trailing amount");
         } }
      }

How it works, is that if I am in a trade, it continuasly sets a highest profit. Now if my current profit is higher then a floor amount that I set, and my profit drops below a certain percentage of my highest profit, then I close my trade.

Logically I think that this is correct, but unfortunately it does not give me the same results as in Tradestation, and I am wondering if there is an error in my code, or if Tradestation's Trailing Percent works differently.

Any help appreciated...thanks