How to set: trailing stop to minimum, if trail
What is broker_digits and why do you divide the spread by broker_digits +1 ?
broker_digits determines if the broker is 4/5 digits.
I divide the spread so that it displays as 3, rather than 30.
I then add +1 to make sure the trailing stop is > minimum stop + spread + 1 ( almost a buffer you could say)
E.g. The EA has a trailing stop of 3, but the broker minimum trail(2) + spread(2) is 4, so the trailing stop is not triggered. In this case, the EA will change the trailing stop to 2+2+1=5.
The trailing stop will therefore be 5 and work without an order modify error.
I think this code is okay, but I am looking for an alternative solution.
Sorry, my error, I was reading your code wrong. :-)
RaptorUK:
Sorry, my error, I was reading your code wrong. :-)
Sorry, my error, I was reading your code wrong. :-)
Do you think it is a good solution? Would you do something similar to adjust the trailing stop to the minimum required?
MarketInfo(Symbol(), MODE_STOPLEVEL)*Point
is the closest a stop can be, (3 pips or 30 points on IBFX.) 30/5 is meaning less.
MarketInfo(Symbol(), MODE_SPREAD)
is 20 on EURUSD (IBFX) but is zero on on some other pairs. Instead just add Ask-Bid
if (TrailingStop < (MarketInfo(Symbol(),MODE_STOPLEVEL)/ broker_digits + MarketInfo(Symbol(), MODE_SPREAD)/ broker_digits +1)){ //checks if trail is < minimum+spread TrailingStop = (MarketInfo(Symbol(),MODE_STOPLEVEL)/ broker_digits + MarketInfo(Symbol(), MODE_SPREAD)/ broker_digits +1); // increase trail to min+spread
Don't write impenetrable code, document itdouble minGapPts = MarketInfo(Symbol(),MODE_STOPLEVEL), // unit is points minGapPtsAdj= minGapPts/ broker_digits; // 1/5 minimum points spreadPts = MarketInfo(Symbol(), MODE_SPREAD), // unit is points spreadPtsAdj= spreadPts / broker_digits, // 1/5 spread points whatever = minGapPtsAdj + spreadPtsAdj + 1; // unit is still points if (TrailingStop < whatever){ //checks if trail is < minimum+spread TrailingStop = whatever; // increase trail to min+spread // compareing a double to points is MEANINGLESS
correct itdouble minGapPts = MarketInfo(Symbol(),MODE_STOPLEVEL), // unit is points spreadDbl = Ask - Bid, trailByDbl = minGapPts * Point + spreadDbl // delta price newSlPrc = Bid - trailBy; if (TrailingStop < newSlPrc){ //checks if trail is < minimum+spread TrailingStop = newSlPrc; // increase trail to min+spread
Title says it all.
This is what I am using, but I seem to be running into issues with brokers who minimum trail is 0.00003 rather than 0.00030.