Renko Fixed Trailing Stop

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Renko Fixed Trailing Stop

Postby 7000306337 » Thu Jul 04, 2019 2:23 pm

Hi:
Thanks a million in advance for your awesome support.

Very much appreciate seeing how it could be done in an Indicator
function Update(period)
??????????
end

A TrailingStop that would jump one brick every time a new candle is formed in my favor.
(Basically, it is an FXCM FixedTrailingStop with a step=brickSize but have to coincide exactly on the edges of candle open or close)

For a long position example, if
candle close price=1.0000
brick size=5 pips
stop at 0.9990

price moves 1 brick in my favor
new candle close price=1.0005
new stop should be updated to 0.9995

Best regards
7000306337
 
Posts: 64
Joined: Sat Jul 15, 2017 9:48 am

Re: Renko Fixed Trailing Stop

Postby Apprentice » Fri Jul 05, 2019 7:19 am

Will this be based on the actual position or position independent?
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Re: Renko Fixed Trailing Stop

Postby 7000306337 » Fri Jul 05, 2019 6:49 pm

Actual position for the long position example above.

With an existing current "green" brick I put MarketOrder to buy 1 lot long with a stop of one "red" brick. Means depending on market price, the initial stop distance could be anywhere between 0 and 15 pips (almost).

After this initial setup, every time the price moves one brick "green" the TraingStop will ALWAYS be exactly 10 pips away from the top of the last "green" brick.

Means TrailingStop must AlWAYS be updated to get me out when a "red" brick is formed.
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Posts: 64
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Re: Renko Fixed Trailing Stop

Postby Apprentice » Sun Jul 07, 2019 7:01 am

Your request is added to the development list under Id Number 4772
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Re: Renko Fixed Trailing Stop

Postby 7000306337 » Wed Jul 10, 2019 9:27 pm

Thank you very much.
Installed both
Renko_candles_new
and
Renko_fixed_trailing_stop.
Now I am running tests.

Awesome, Very very much appreciated.
7000306337
 
Posts: 64
Joined: Sat Jul 15, 2017 9:48 am

Re: Renko Fixed Trailing Stop

Postby 7000306337 » Sun Jul 21, 2019 9:34 pm

Hi:

In simulation mode, RENKO_CANDLES_NEW does not load.
Am I doing something wrong or is there a known issue?
I can load RENKO_CANDLES with no problem whatsoever.

Best regards,
7000306337
 
Posts: 64
Joined: Sat Jul 15, 2017 9:48 am


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