Here's a working strategy that incorporates using 2 contracts, including daily PnL realized profit or loss (set to stop trading after some amount you put in) and it moves the Stop twice using the SetStopLoss function after the initial stop is set upon entry.
*** Run this on an ES 150 tic, or somewhere close and **** REMEMBER to set Entries per Direction to 2. *** (I keep forgetting and wonder why it only traded one contract).
For moving the stops, the way it is, it's set to trade 2 contracts, initial stop loss of -7 tics. First profit target is 2 tics. Once the first target is hit, and the price trades equal to/between 5 and 7 tics from Entry, it moves the stop to Entry -1 tic. (You can set this to wherever you want to move it to). Then, when the price trades at 8 tics or higher from Entry, it moves the Stop to Entry plus 4 tics. You will see all this in the code.
I spent hours looking through the forum for how to move the stops simply (like with a SetStopLoss command) and I finally pieced it together. For a beginner programmer like me, a picture is worth a million words. If you are like me, simply telling me to " make a thermorod" doesn't do me any good if I don't know what a "thermorod" is, or what it does.
So, I hope someone can use this and save a LOT of time looking for the answer in the forum. It's in there, but you have to go through quite a bit of posts to put it all together.
Special thanks to Josh for putting some code examples and good explanations in his answers.
Joe
*** Run this on an ES 150 tic, or somewhere close and **** REMEMBER to set Entries per Direction to 2. *** (I keep forgetting and wonder why it only traded one contract).
For moving the stops, the way it is, it's set to trade 2 contracts, initial stop loss of -7 tics. First profit target is 2 tics. Once the first target is hit, and the price trades equal to/between 5 and 7 tics from Entry, it moves the stop to Entry -1 tic. (You can set this to wherever you want to move it to). Then, when the price trades at 8 tics or higher from Entry, it moves the Stop to Entry plus 4 tics. You will see all this in the code.
I spent hours looking through the forum for how to move the stops simply (like with a SetStopLoss command) and I finally pieced it together. For a beginner programmer like me, a picture is worth a million words. If you are like me, simply telling me to " make a thermorod" doesn't do me any good if I don't know what a "thermorod" is, or what it does.
So, I hope someone can use this and save a LOT of time looking for the answer in the forum. It's in there, but you have to go through quite a bit of posts to put it all together.
Special thanks to Josh for putting some code examples and good explanations in his answers.
Joe
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