NexusFi: Find Your Edge


Home Menu

 





Breakeven Stop Loss


Discussion in TradeStation

Updated
    1. trending_up 2,243 views
    2. thumb_up 0 thanks given
    3. group 2 followers
    1. forum 3 posts
    2. attach_file 1 attachments




 
Search this Thread

Breakeven Stop Loss

  #1 (permalink)
destroyallhumans
NYC, New York/ USA
 
Posts: 2 since Nov 2018
Thanks Given: 0
Thanks Received: 0

Hello All,

This may be a stupid question, but is there a simple way for tradestation to move my ISL to breakeven when a certain price is hit?

I have been testing the breakeven automated strategy in SIM and am having no luck.

There must be a simpler way.

Thanks,
sam

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
MC PL editor upgrade
MultiCharts
Trade idea based off three indicators.
Traders Hideout
ZombieSqueeze
Platforms and Indicators
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Spoo-nalysis ES e-mini futures S&P 500
29 thanks
Just another trading journal: PA, Wyckoff & Trends
25 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
21 thanks
GFIs1 1 DAX trade per day journal
17 thanks
  #2 (permalink)
 ABCTG   is a Vendor
 
Posts: 2,433 since Apr 2013
Thanks Given: 481
Thanks Received: 1,627

Hi sam,

can you post the code of the "breakeven automated strategy" you have been using, the inputs and a screenshot of the situation where your exit should have triggered, but didn't?

Regards,

ABCTG

Follow me on Twitter Reply With Quote
  #3 (permalink)
destroyallhumans
NYC, New York/ USA
 
Posts: 2 since Nov 2018
Thanks Given: 0
Thanks Received: 0



ABCTG View Post
Hi sam,

can you post the code of the "breakeven automated strategy" you have been using, the inputs and a screenshot of the situation where your exit should have triggered, but didn't?

Regards,

ABCTG

Hi ABCTG,

Here's the code. I am setting PositionBasis as True and the floor amount as 25. Then I am opening a market order with a 10 point stop on ES. I was operating under the assumption that at the point that my position reaches $25 in profit, it should move the stop to breakeven. But it isn't.

The attached screenshot is where I am expecting the stop to move breakeven. Let me know what I am missing here. Any help would be greatly appreciated.


[IntrabarOrderGeneration = false]

inputs:
PositionBasis( false ) [DisplayName = "PositionBasis", ToolTip =
"Enter true if currency amounts (profit targets, stops, etc.) are for the entire position; enter false if currency amounts are per share or per contract."],
FloorAmt( 1 ) [DisplayName = "FloorAmt", ToolTip =
"Floor Amount. Enter amount of open profit required to activate breakeven stop."] ;

if PositionBasis then
SetStopPosition
else
SetStopShare ;

SetBreakeven( FloorAmt ) ;


Reply With Quote
  #4 (permalink)
 ABCTG   is a Vendor
 
Posts: 2,433 since Apr 2013
Thanks Given: 481
Thanks Received: 1,627

Hi sam,

you are trying to mix manual entries and strategy exits. For a strategy to be able to recognize an open manual position it would have to made aware of it first.
You can find more information in the official forum, but this thread is a good start: https://community.tradestation.com/discussions/topic.aspx?topic_id=112067

Regards,

ABCTG

Follow me on Twitter Reply With Quote




Last Updated on December 4, 2018


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts