Coding a PercentTrail that works like %Trail, but doesn't execute Intrabar!
Welcome to futures io.
(If you already have an account, login at the top of the page)
futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.
At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.
With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.
We are fundamentally different than most other trading sites:
We are here to help. Just let us know what you need.
We work extremely hard to keep things positive in our community.
We do not tolerate rude behavior, trolling, or vendors advertising in posts.
We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
We expect our members to participate and become a part of the community. Help yourself by helping others.
You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple.
Coding a PercentTrail that works like %Trail, but doesn't execute Intrabar!
Hi Guys
So I've been going back and forth trying to get this to work. I would love to use the PercentTrailing code with my strategy but I don't want for the order to be submitted intrabar (too many fluctuations). I would like to assess the max run-up of the position and calculate how much that max run-up has come down @ the close of the bar (not intrabar).
I tried to code this multiple ways into my strategy, but everything I've tried works nothing close to adding a "PercentTrailing" to my strategy. My attempts are below. Any suggestions would be greatly appreciated!
1) make it a condition, and when said condition triggers it would exit the position
2) Then I tried putting this at the end of my code to exit as well:
Again, non of these "solutions" worked like the true SetPercentTrailing code. Any ideas of how to work this on the close of the bar?
Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.
when the condition for your stop is met you can send an order to close the open position, for example
This would issue the order at the end of the bar and you'd get executed around the open of the next bar. Which is to be expected when you send an order at the close.
You could fool your software (and yourself as you will create results that you can't reproduce live) by using "this bar Close" for the order, but this will likely not be the fills you get live.
You could look into custom sessions that would allow you to walk around that problem or to use intrabar order generation, which would give you the ability to close out the position near the actual bar close.
