"TrailingStop Size Step increase coefficient" option for "TrailingStop Size"

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Recep Apaydın
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  • Completed
Youtube video

Can you add a step multiplier for the magenta colored line "TrailingStop Size"? "TrailingStop Size" moves at a fixed distance. If the "TrailingStop Size Step increase coefficient" option is added for scalping, the distance will start to decrease for movements after the first movement. TrailingStop will approach the current price.

It will be like the "Step increase coefficient" option in "Martingale properties". With a number greater than 1, the distance will increase. For numbers less than 1, the distance will decrease.

Sample:
TrailingStop Size: 3.0
TrailingStop Size Step increase coefficient: 0.90
first move: 3.0
Move 2: 3.0 * 0.90 = 2.70
Movement 3: 2.70 x 0.90 = 2.43


Thanks


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Andrey Khatimlianskyi
  • Under review

Do you want to change TrailingSize when 2 or more deals are open?

There is only 1 open deal on your video, it confuses me.

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Recep Apaydın
Quote from Andrey Khatimlianskyi

Do you want to change TrailingSize when 2 or more deals are open?

There is only 1 open deal on your video, it confuses me.

Usually it makes more sense to work on 1 order. 1 order is enough for scalping. If it fails, it will stop. 2 orders will not be opened anyway.

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Andrey Khatimlianskyi
Quote from Recep Apaydın

Usually it makes more sense to work on 1 order. 1 order is enough for scalping. If it fails, it will stop. 2 orders will not be opened anyway.

So, when do you want to change TrailingSize?

"Step increase coefficient" is based on open trades number. And when do you want to apply "TrailingStop increase coefficient"?

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Recep Apaydın
Quote from Andrey Khatimlianskyi

So, when do you want to change TrailingSize?

"Step increase coefficient" is based on open trades number. And when do you want to apply "TrailingStop increase coefficient"?

When the "Trailing Step" condition is fulfilled, the calculation for the movement can take place. The smallest and last calculated "TrailingStop size" level will be up to the "Trailing Step" value. 

Sample: 

TrailingStop size: 3.0 

Trailing Stop coefficient: 0.6 

Trailing step: 1.0 

Start = 3.0 

Step 2 =3.0 x 0.6 = 1.8 

Step 3 = 1.8 x 0.6 = 1.08 

Step 4 = 1.08 x 0.6 = 0.64 cannot be => Trailing Step value = 1.0. The final distance between price and TrailingStop.

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Andrey Khatimlianskyi
Quote from Recep Apaydın

When the "Trailing Step" condition is fulfilled, the calculation for the movement can take place. The smallest and last calculated "TrailingStop size" level will be up to the "Trailing Step" value. 

Sample: 

TrailingStop size: 3.0 

Trailing Stop coefficient: 0.6 

Trailing step: 1.0 

Start = 3.0 

Step 2 =3.0 x 0.6 = 1.8 

Step 3 = 1.8 x 0.6 = 1.08 

Step 4 = 1.08 x 0.6 = 0.64 cannot be => Trailing Step value = 1.0. The final distance between price and TrailingStop.

I can't catch your idea.

Could you make some illustration?

What is the trigger to change Trailing Size?

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Recep Apaydın
Quote from Andrey Khatimlianskyi

I can't catch your idea.

Could you make some illustration?

What is the trigger to change Trailing Size?

It should calculate the "Trailing Stop" distance when each "Trailing Step" value occurs.

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Andrey Khatimlianskyi
  • Planned (collecting votes)

After discussion in PM:

If TrailingStop = 5.0, IncreaseEvery = 2.0, IncreaseSize = -1.0:
when profit <= 7.0, TrailingStop distance = 5.0
when profit >= 7.0 and <= 9.0, TrailingStop distance = 5.0-1.0 = 4.0
when profit >= 9.0 and <= 11.0, TrailingStop distance = 5.0-1.0-1.0 = 3.0
And so on

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Recep Apaydın
Quote from Andrey Khatimlianskyi

After discussion in PM:

If TrailingStop = 5.0, IncreaseEvery = 2.0, IncreaseSize = -1.0:
when profit <= 7.0, TrailingStop distance = 5.0
when profit >= 7.0 and <= 9.0, TrailingStop distance = 5.0-1.0 = 4.0
when profit >= 9.0 and <= 11.0, TrailingStop distance = 5.0-1.0-1.0 = 3.0
And so on

Yes. This way it can be successful. I agree.

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Recep Apaydın

Demo account working with this strategy.

https://www.mql5.com/en/signals/1457423?source=Site#!tab=account

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Виталий Гук

Hello. How did you achieve such a result??? Is this your personal robot?