Adding trailing stops to your ScaleIn strategy

Our requests are undergoing maintenance as we move existing requests to a new layout. If you do not see your existing request now it should reappear in a few days. You must be logged in to make requests. Use the Topic Requests to create new topic requests for Orchard Forex. If you are asking for an expert or indicator then you need to make youre requirements including strategy are clear. If there are any subjective terms like sloping up or narrowing then either define them or be prepared to have the request ignored. For example, does sloping up mean 2 consecutive higher closing prices, a moving average that is greater than the moving average 17 bars earlier, what? And if you want to just say higher highs and higher lows how do you propose to identify the highs and lows. Requests linking published strategies are more likely to succeed. Your strategy and ideas for indicators will be visible to the public. That’s the price of entry. We may or may not use your request in a tutorial, or may use a variation, nothing is guaranteed here.
You must log in to submit a request
1 vote

Adding trailing stops to your ScaleIn strategy

After watching your Scale In video, I implemented this in my EA. The EA is opening the trades successfully (thanks!). My problem is that my existing Trailing Stop code can't seem to handle these new orders, in that it just seems to not modify the SL at all for these orders. Since a trailing stop is set per ticket, I can't wrap my head around how I would have only one trailing stop for a collection of buy or sell orders that moves (up or down) as each new order is placed. My trailing stop code is called once per tick, and loops through all the orders. Each time it finds a buy order it will modify its stop loss based on high and low candles for a predetermined number of bars. With multiple buy orders it sets multiple stop losses when I really want only one stop loss for the collection of buys. I hope I have explained that well enough. Can you talk about how to apply trailing stops to all buy or sell orders using your Scale In strategy?
Planned Judy Cannon shared this idea

3 thoughts on “Adding trailing stops to your ScaleIn strategy”

  1. Thanks so much for the reply. And thanks for making this a planned project! I understand your suggestions, just need help figuring out how to make it happen. Anxiously awaiting your video…

    Judy

  2. Your additional information seems to say that when you open a second order move sl to the break even of that order, which would be the open price, which is where the current price is, which would fail. So I don’t think that’s what you want.

    I can think of 2 different ways you might have wanted to do this.

    1. Move order 1 to break even on opening order 2 and then trail. When order 3 opens move sl for orders 1 and 2 to the open of order 2, repeat.
    or
    2. When order 2 opens move the sl for orders 1 and 2 to a nett position that would result in 0 loss. When order 3 opens move the sl for all 3 orders to an average position, repeat.

  3. A little more detail…
    When the second order is placed I am wanting the stop loss of the first order to move up to break even of the second (newest) order. And when the third buy order is placed I am wanting the stop loss of both the first and second moved to break even of the third order, etc…

Leave a Reply

Powered by Simple feature Requests

3 thoughts on “Adding trailing stops to your ScaleIn strategy”

  1. Thanks so much for the reply. And thanks for making this a planned project! I understand your suggestions, just need help figuring out how to make it happen. Anxiously awaiting your video…

    Judy

  2. Your additional information seems to say that when you open a second order move sl to the break even of that order, which would be the open price, which is where the current price is, which would fail. So I don’t think that’s what you want.

    I can think of 2 different ways you might have wanted to do this.

    1. Move order 1 to break even on opening order 2 and then trail. When order 3 opens move sl for orders 1 and 2 to the open of order 2, repeat.
    or
    2. When order 2 opens move the sl for orders 1 and 2 to a nett position that would result in 0 loss. When order 3 opens move the sl for all 3 orders to an average position, repeat.

  3. A little more detail…
    When the second order is placed I am wanting the stop loss of the first order to move up to break even of the second (newest) order. And when the third buy order is placed I am wanting the stop loss of both the first and second moved to break even of the third order, etc…

Comments are closed.

Scroll to Top