Please Help needed : Trailing Stop Code

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Hi,

I am new to the metaquote language and have problems with programing a trailing stop that works.

Can anybody help me with the code. Mine is changing the stop correctly when the market moves up but it also changes it when it moves down even if it shouldn't, this in the case of a Long position.

Here is the code I wrote. Hope there is just a mistake.

//---- if the MagicNumber is not equal to the Expert_ID, skip this position
    if ( OrderMagicNumber() != Expert_ID ) continue;
    else
    
    //Manage open orders
         //move TrailingStop if profit>TS
            if(OrderType()==OP_BUY)
            {
               if (Bid-OrderOpenPrice()>TrailingStop*Point && OrderStopLoss()<Bid-TrailingStop*Point)
               {
                  OrderModify(OrderTicket(),OrderOpenPrice(),Bid-TrailingStop*Point,0,0,Green);
               }   
            }
            
            if(OrderType()==OP_SELL) 
            {
               if(OrderOpenPrice()-Ask>TrailingStop*Point && OrderStopLoss()>Ask+TrailingStop*Point)
              {
                  OrderModify(OrderTicket(),OrderOpenPrice(),Ask+TrailingStop*Point,0,0, Red);
              }           
           }
 

Hi Chris, use this


int openedpositions;
double mySL, myResult;

openedpositions=OrdersTotal();
if ((openedpositions > 0))
{
int totalorders = OrdersTotal();
for(int i=0;i<totalorders;i++) // scan all orders and positions. ..
{
OrderSelect(i, SELECT_BY_POS);
if ( OrderSymbol()==Symbol() && OrderMagicNumber() == uniqueGridMagic) // only look if mygrid and symbol. ..
{
int type = OrderType();
if ( type == OP_BUY ) // its a long position
{
mySL = Ask-TrailingStop*Point; // new SL
if ( mySL > OrderStopLoss() )
{ // OK, we need to change the stoploss
myResult = OrderModify(OrderTicket(), OrderOpenPrice( ) ,mySL, OrderTakeProfit( ) ,0,CLR_NONE);
}
}
if ( type == OP_SELL )
{
mySL = Bid+TrailingStop*Point; // new SL
if (( mySL < OrderStopLoss()) || (OrderStopLoss() < Point) )
{ // OK, we need to change the stoploss
myResult = OrderModify(OrderTicket(), OrderOpenPrice( ) ,mySL, OrderTakeProfit( ) ,0,CLR_NONE);
}
}
}
}
}


just add it right before the end, good luck

 

Thanks for your help. Unfortunately it seems it does exactly the same thing.
Meaning, while in a long position when the market moves up, the stop moves up and then rather surprisingly if the market starts to move down, the stop is decreased according to the trailing level (stop always XX pips from the market).

And my point is that I do not want the stop to move when market moves down. The opposite when short position of course.

My point is that there might be a bug in the OrderModify function.

Anybody has an idea?

 
I suggest you chase it instead of trail. Chasing done by speficying "up" pip. The 5 point if there is a sudden jum and 2 point is for small increment.

for(OrderTicketNum=0;OrderTicketNum<total;OrderTicketNum++)
{
    OrderSelect(OrderTicketNum,SELECT_BY_POS,MODE_TRADES);
    
    if(OrderEqual(OP_BUY,Symbol(),0.0,0.0,0.0,0.0,"",0.0,""))
        {
 
    TradeOpen = OrderOpenPrice();
    StopLoss = OrderStopLoss();
        if(StopLoss != 0.0)
            {
            if(Bid - PriceBuffer > OrderStopLoss() + (Point*20) )
                {
                NewLongStopLoss = StopLoss+(5*Point);                
                }
            else
                {
                NewLongStopLoss = StopLoss+(2*Point);
                }
            }
        LongBreakeven = OrderOpenPrice() + PriceBuffer;
        
    if(Bid-PriceBuffer > OrderStopLoss() && StopLoss != 0.0)
            {
 
 
            //Print("[Trail] "+OrderTicket()+" Pip:"+PriceToInt(NewLongStopLoss-TradeOpen)+" & Trade:"+OrderOpenPrice()+"-"+OrderComment());
            tmp = OrderModify(OrderTicket(),TradeOpen,NewLongStopLoss,0.0,255,Green);
} // snip snip
 
Chris,

did you solve the problem? Unfortunately I have the same problem.
  
if(OrderType()==OP_BUY && Bid-OrderOpenPrice() > Trailing_Stop*Point && OrderMagicNumber()==MAGICMA && OrderStopLoss()< Bid - Trailing_Stop*Point )
            {
                    OrderModify(OrderTicket(),OrderOpenPrice(),Bid - Trailing_Stop*Point,OrderTakeProfit(),0,Blue);
                    Sleep(10000);
            }
      if(OrderType()==OP_SELL && OrderOpenPrice()-Ask > Trailing_Stop*Point && OrderMagicNumber()==MAGICMA && OrderStopLoss()> Ask + Trailing_Stop*Point)
            {
                    OrderModify(OrderTicket(),OrderOpenPrice(),Bid + Trailing_Stop*Point,OrderTakeProfit(),0,Blue);
                    Sleep(10000);
            }

here this works, i'v been using it, it checks that the profit is greater than the open price so stop will be moved once in profit. then it checks that the stop loss is GREATEＲ　ｔｈａｎ　ｙｏｕｒ　ｔｒａｉｌｉｎｇ　ａｍｏｕｎｔ．ｓｏ　ｗｉｌｌ　ｏｎｌｙ　ｍｏｖｅ　ｔｈｅ　ｓｔｏｐ　ｐｒｉｃｅ　ｉｎｔｏ　ｐｒｏｆｉｔ，　ｎｏｔ　ｂａｃｋｗａｒｄｓ．

 

@jess, Why use Sleep in here?

 

@jess, And so I thinks in the second OrderModify function, must use Ask instead of Bid:

OrderModify(OrderTicket(),OrderOpenPrice(),Ask + Trailing_Stop*Point,OrderTakeProfit(),0,Blue);

 
You can use this base: https://www.mql5.com/en/code/9530
 
jess:

here this works, i'v been using it, it checks that the profit is greater than the open price so stop will be moved once in profit. then it checks that the stop loss is GREATEＲ　ｔｈａｎ　ｙｏｕｒ　ｔｒａｉｌｉｎｇ　ａｍｏｕｎｔ．ｓｏ　ｗｉｌｌ　ｏｎｌｙ　ｍｏｖｅ　ｔｈｅ　ｓｔｏｐ　ｐｒｉｃｅ　ｉｎｔｏ　ｐｒｏｆｉｔ，　ｎｏｔ　ｂａｃｋｗａｒｄｓ．

This actually works perfect!

I modified very slightly. But still not sure if there is a way to get a ticket number from the modified order?


   double Trailing_Stop = 250;

   for(int i = 0; i<OrdersTotal() ; i++)

     {

       if( OrderSelect(i, SELECT_BY_POS, MODE_TRADES) && OrderSymbol() == symbol)

         {

          if(OrderType()==OP_BUY && Bid-OrderOpenPrice() > Trailing_Stop*Point && OrderMagicNumber()==MagicNumber && OrderStopLoss()< Bid - Trailing_Stop*Point )

            {

                    ticket=OrderModify(OrderTicket(),OrderOpenPrice(),Bid - Trailing_Stop*Point,OrderTakeProfit(),0,Blue);

                    if (ticket > 0) 

                       {

                        Print("Trailing Stop for Buy Adjusted");

                       }

                        else

                       {

                         Print("Error opening Trailing Stop Buy order : ",GetLastError());

                       }

                    Sleep(10000);

            }

          if(OrderType()==OP_SELL && OrderOpenPrice()-Ask > Trailing_Stop*Point && OrderMagicNumber()==MagicNumber && OrderStopLoss()> Ask + Trailing_Stop*Point)

            {

                    ticket=OrderModify(OrderTicket(),OrderOpenPrice(),Bid + Trailing_Stop*Point,OrderTakeProfit(),0,Blue);

                    if (ticket > 0) 

                       {

                        Print("Trailing Stop for Sell Adjusted");

                       }

                        else

                       {

                         Print("Error opening Trailing Stop SELL order : ",GetLastError());

                       }  

                    Sleep(10000);                  

                    

            } 

         }

     }   

 

It's the OrderTicket()


Print(OrderTicket(),"Trailing Stop for Buy Adjusted");
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