Stage trailing stop

[Alexander.Gettinger]

Strategy move stop order correspondence to user level.
Supported maximum 5 levels. If level=0 stop is not used.
Algorithm: if profit of order reaches [Level1] strategy supports stop at level [Stop1], if profit reaches [Level2] strategy supports stop at level [Stop2] etc.

Download:

StageStop.lua

(8.22 KiB) Downloaded 2899 times

The Strategy was revised and updated on December 10, 2018.

[oritzbaba]

Please is there any more trailing stop management tool like this one on this site, someone more familiar with TS2 custom indicator please help out. Will the Stage Trailing Stop work on automated trading?

Thanks.

[sunshine]

Please is there any more trailing stop management tool like this one on this site, someone more familiar with TS2 custom indicator please help out.

Hi,

Please check the following strategies:

1. Moving-average based stop order
   The strategy moves stop level of the chosen position exactly on the chosen Moving Average Value.
   viewtopic.php?f=31&t=2339&p=4997#p4997
2. Trailing by time
   This strategy moves stop on [StepTrailing] points each [TimeInterval] minutes in order direction (up for BUY and down for SELL).
   viewtopic.php?f=31&t=2804&p=6393&hilit=trailing+stop#p63933
3. Shadow trailing stop
   The strategy sets stop value for the chosen trade using several next candles.
   viewtopic.php?f=31&t=2793&p=6363&hilit=trailing+stop#p6363
4. SAR trailing stop
   The strategy sets stop value for the chosen trade using SAR indicator.
   viewtopic.php?f=31&t=2449#p5318
5. ATR trailing stop
   The strategy sets stop value for the chosen trade using ATR oscillator.
   viewtopic.php?f=31&t=2795&p=6365&hilit=trailing+stop#p6365
6. Fractal trailing stop
   The strategy sets stop value for the chosen trade using fractals.
   viewtopic.php?f=31&t=2791&p=8622&hilit=trailing+stop#p6361

Will the Stage Trailing Stop work on automated trading?

Yes. For this it's necessary to include the code of Stage Trailing Stop to the code of your strategy.

[oritzbaba]

Thank you so much Sunshine for your assistance. But pardon me, I will be asking a lot of questions for a better understanding. First, I want to use this stage trailing stop with the FX Sniper Ergodic CCI strategy, how this will work out I don't know yet but it looks good on paper, any idea on this from you is highly welcome. You mentioned using a code linking it to the strategy, how do I do this? And where can I find the code?

Questions: 1) Do I have to add it to every currency pair I want to trade for it to be effective? Since it is a strategy, can I assume it will accompany each trade automatically as long as it's attached to that currency pair? 2) Will both strategies be active on TradingStation server? 3) Do I still need to set a stop loss while entering a trade? On TS can I set fixed stop loss and take profit target? 4) If level1 is 10 and stop1 is 0, does this mean stop1 is equal to breakeven? Can it be used in any way for breakeven point? 5) The Choose Trade parameter on the stage trailing stop is blank, what do I put there as there is nothing on the selection dropdown button? 6) How do I use it to lock in profit? Example; if stop1 is 50, I assume it is 50 pips away from the entry price, when I have a profit level3 of 70 pips and I want the stop3 to lock in 40 pips above the entry price on a long position, how do I do this?

Please Sunshine help out and thank you in advance for your time and energy but above all, your kindness.

Thanks.

[uff2163]

Hi guys:
It seems hard to find the orders automatically.
Most of stop strategy requires you enter the trade by yourself..
such as:
---------------------------------------
strategy.parameters:addGroup("Trade");
strategy.parameters:addString("Trade", "Choose Trade", "", "");
strategy.parameters:setFlag("Trade", core.FLAG_TRADE);
-----------------------------------------
if row.AccountID == Account and (instance.parameters.Symbol=="- All -" or row.Instrument==instance.parameters.Symbol) then
------------------------------------------
if (haveTrades) then
local enum = trades:enumerator();
while true do
local row = enum:next();
if row == nil then break end

if row.AccountID == Account and row.OfferID == Offer then
-- Close position if we have corresponding closing conditions.
if row.BS == 'B' then
CurrentOrder="B";
MaxB=math.max(MaxB,row.Open);
elseif row.BS == 'S' then
CurrentOrder="S";
MinS=math.min(MinS,row.Open);
end

end
end


May CurrentOrder is useful .

[uff2163]

Hi Guys:
I found a puzzle from my profit lock strategy.
I try to develop this strategy to look after all my orders, but it can not work.
It seems hard to manage all the orders from TS2.

Code: Select all

function Init()
    strategy:name("Profit lock");
    strategy:description("Profit lock");
    strategy.parameters:addGroup("Profit lock Parameters");   
    strategy.parameters:addInteger("PriceLevel33", "Profit lock in pips", "", 30, 1, 10000);
    strategy.parameters:addInteger("Stop5", "Lock Profit in pips", "", 2);   
    strategy.parameters:addString("SIDE55", "Use Profit lock", "", "false");
    strategy.parameters:addStringAlternative("SIDE55", "true", "", "true");
    strategy.parameters:addStringAlternative("SIDE55", "false", "", "false");
   
    strategy.parameters:addString("SIDE25", "Close strategy without orders", "", "false");
    strategy.parameters:addStringAlternative("SIDE25", "true", "", "true");
    strategy.parameters:addStringAlternative("SIDE25", "false", "", "false");
end
function Prepare(onlyName)
     local Source = nil;
     Level33 = instance.parameters.Level33;
     SIDE55= instance.parameters.SIDE55;
     SIDE25= instance.parameters.SIDE25;
end

function ExtUpdate(id, source, period)

if SIDE55=="true" then


    if (Source:first() > (period - 1)) then
        return
    end

    local pipSize = instance.bid:pipSize()

    local trades = core.host:findTable("trades");
    local haveTrades = (trades:find('AccountID', Account) ~= nil)
   
    local MaxB=0;
    local MinS=100000000;
   
    if (haveTrades) then
        local enum = trades:enumerator();
        while true do
            local row = enum:next();
            if row == nil then break end

            if row.AccountID == Account and row.OfferID == Offer then
                    -- Close position if we have corresponding closing conditions.
                if row.BS == 'B' then
                 CurrentOrder="B";
                 MaxB=math.max(MaxB,row.Open);
                elseif row.BS == 'S' then
                 CurrentOrder="S";
                 MinS=math.min(MinS,row.Open);
                end

            end
        end



        if CurrentOrder=="B" then

         if instance.ask[NOW]-MaxB>=instance.parameters.PriceLevel33*PipSize then
       

                 
        stopValue=instance.bid[NOW]-instance.parameters.Stop5*instance.bid:pipSize();
               

         
         end
        end
       
        if CurrentOrder=="S" then
         if MinS-instance.bid[NOW]>=instance.parameters.PriceLevel33*PipSize then
       

       
        stopValue=instance.ask[NOW]+instance.parameters.Stop5*instance.bid:pipSize();
         

         
         end
        end

   
-----------------------------------------------------------------------
    local enum, row, valuemap;

    local count = 0;
    enum = core.host:findTable("trades"):enumerator();
    row = enum:next();
    while count == 0 and row ~= nil do
        if row.AccountID == Account and
           row.OfferID == Offer and
           row.BS == BuySell then
           count = count + 1;
        end
        row = enum:next();
    end

    if count > 0 then
        valuemap = core.valuemap();

       
        valuemap.OrderType = "CM";
        valuemap.OfferID = Offer;
        valuemap.AcctID = Account;
        valuemap.NetQtyFlag = "Y";
        valuemap.Rate = stopValue;
    end   

-------------------------------------------------------------------------------


   else
     
if SIDE25 == "true" then
        if CurrentOrder==nil then
          core.host:execute("stop");
        end
        end     
       
end 
end
end

dofile(core.app_path() .. "\\strategies\\standard\\include\\helper.lua");



[Laurus12]

Hello Alexander,

If this is the strategy I believe it is I would like to say thank you very much for making it. I have been longing for this for a long time.

I am not sure if I understand the setup. I get the message "Trade disappear".

As a starter I would like to just use one level, so I am wondering if you could give an example on how to set it up. As an example I would like to use 25 pips in stop loss and when price reaches 20 pips in profit I would like the stop to jump to 1 pips on the profit side. Meaning 1 pips more than break even. If you could help me with this I would appreciate it a lot.

Tank you.
Laurus

[STEIGO]

Alexander

Could this strategy be modified as follows:
If profit reaches level1 set SL stop 1
if profit reaches level2 set SL to "fixed trailing stop" with a starting price of current price-stop 2
If profit reaches level3 set SL stop 3
if profit reaches level4 set SL to "fixed trailing stop" with a starting price of current price-stop 4
etc
This modification, might allow a normal trailing (fixed pip) SL strategy to deal with expected Support/Resistance levels

Thanks in advance for your replies

[vaguthun]

I like this Trailing stop..
I wonder if you could add another feature.

For example: I traded 2 Mini lots
when Level1 is reached take Profit of 1 lot
and at level2 take profit of second lot etc..

What do u think guys???

[vaguthun]

I wonder if you could update it this way..

For Example: I traded 2 mini lots

And when the level1 is reached take profit of 1 lot. and move TS to level1
And when Level2 is reached take the second profit or move TS.. etc

Thanks