stop to break even and trailing stop code help

[bizzz10]

hello

would it be possible to have the stop to break even code take place first and then the trailing stop code to take over?
If you have a solution please let me know. I'm open to new ideas. thanks.

i have this stop to break even code:


else if (Position.MarketPosition == MarketPosition.Long)
{
if (Close[0] > Position.AvgPrice + 3* TickSize)

{
SetStopLoss(CalculationMode.Price, Position.AvgPrice);
}
}

else if (Position.MarketPosition == MarketPosition.Short)
{
if (Close[0] < Position.AvgPrice - 3* TickSize)

{
SetStopLoss(CalculationMode.Price, Position.AvgPrice);
}

Trailing stop code:


else if (Position.MarketPosition == MarketPosition.Long)
{
{
SetStopLoss(CalculationMode.Price, Close[0] -11*TickSize);
}
}

else if (Position.MarketPosition == MarketPosition.Short)
{
{
SetStopLoss(CalculationMode.Price, Close[0] +11*TickSize);
}

How can I use them together in the same strategy?
please help, im new at this. new ideas welcome.


Thank you

[BigRo]

the easiest way would be to set a bool to true when u set ur stop to breakeven. and make this bool to be true a requirement for the trailing if() statement.

you would have to do this in the onbarupdate bit tho.

so roughly

else if (Position.MarketPosition == MarketPosition.Long)
{
if (Close[0] > Position.AvgPrice + 3* TickSize)

{
SetStopLoss(CalculationMode.Price, Position.AvgPrice);
trailing = true;
}
}

and

else if (Position.MarketPosition == MarketPosition.Long && trailing)
{
{
SetStopLoss(CalculationMode.Price, Close[0] -11*TickSize);
}
}

and finally

else if (Position.MarketPosition == MarketPosition.Flat && trailing)
trailing=false;

EDIT: note tho that the code would maybe readjust the stop again to be below breakeven that way.

if you dont want that to happen you would also need to include something like.

else if (Position.MarketPosition == MarketPosition.Long && trailing)
{
if (Close[0] -11*TickSize>Position.AvgPrice){
SetStopLoss(CalculationMode.Price, Close[0] -11*TickSize);
}
}

[bizzz10]

Thank you very much for your reply!

I have been trying to put your info into the strategy and came up with this for the long side.
please let me know if it is actually ok.

/// <summary>
/// This method is used to configure the strategy and is called once before any strategy method is called.
/// </summary>
protected override void Initialize()
{
SetStopLoss("", CalculationMode.Ticks, 12, false);
SetTrailStop("", CalculationMode.Ticks, 12, false);

CalculateOnBarClose = true;
}

/// <summary>
/// Called on each bar update event (incoming tick)
/// </summary>
protected override void OnBarUpdate()
{
// Resets the stop loss to the original value when all positions are closed
if (Position.MarketPosition == MarketPosition.Flat)
{
SetStopLoss(CalculationMode.Ticks, 12);
}

else if (Position.MarketPosition == MarketPosition.Long)
{
if (Close[0] > Position.AvgPrice + 3* TickSize)

{
SetStopLoss(CalculationMode.Price, Position.AvgPrice);
SetTrailStop == true;
}

}
else if (Position.MarketPosition == MarketPosition.Long && Trailing)
{
{
SetStopLoss(CalculationMode.Price, Close[0] -11*TickSize);
}
}
else if (Position.MarketPosition == MarketPosition.Flat && Trailing)
SetTrailStop == false;

The erros i get when compiling are line 136: Expected class, delegate, enum, interface or struct

and line 143: Type or namespace definition or end of file expected

#region Properties
[Description("")]
[GridCategory("Parameters")]
136 public bool Trailing
{
get { return trailing; }
set { trailing = value; }
}
#endregion
}
143 }

pleae help.
Thanks a lot

[BigRo]

there are plenty things off in this i think. ok, so. the first thing was actually already wrong in the original code, but i didnt see it.

if you wanna move a stoploss it has to be a tagged one, so the code knows which to actually move.
you cant use trailstop and stoploss both at the same time. if you wanna use a trail stop while running a normal stoploss at first, then u have to come up with ur own syntax - which i think u already did. so i dont know why u added that.

there is futher no point of calling the stoploss in the initalize section. that is only for the purpose of having a static stop. if you trim and move it anyway. then it has no value and need to be called at the time of entry anway.

also there is no point of adding the bool to the properties since there is no value in changing it from true to false. if anything it will cause problems. its just a conditionbuilder.

i added a fixed code that displays what u need to do

hope that helps