MultiCharts: Trading Software for Automated Trading and Backtesting

Hi,

I want to set a stoploss according to an input.
For example on a session the loss is set to 1 dollar. Then I want to put the stoploss on the Bars price minus the stop loss.

I found this page https://www.multicharts.com/trading-sof ... ial_Orders describing the formula that calculate from amount to a price.

So in order to get the amount I want to pass with the GenerateStopLoss function I came up with this:
However it generate the stop much earlier than the price I set.
Can someone give me a pointer what I am doing wrong?

(..)
However it generate the stop much earlier than the price I set.
Can someone give me a pointer what I am doing wrong?

That depends on which conditions trigger the stop-loss order submittance; you now have only shown how you calculate the stop amount, but not when these orders are send.

I do the calculation once and then save it in an object property (this.dStopAmount).

Then on every calcbar I do:

I do the calculation once and then save it in an object property (this.dStopAmount).

Then on every calcbar I do:

Code: Select all

GenerateStopLoss(this.dStopAmount);

If I look at the examples from the page you mentioned in your first post, I see methods that have parameters with positive values.

This calculation will not always return positive values: Try this instead:

It is not helping. I have made the stop price 1 dollar higher than closeprice.

But this is the result:


It just has a few cents difference.

It is not helping. I have made the stop price 1 dollar higher than closeprice.

(..)

It just has a few cents difference.

Have you set CurSpecOrdersMode to PerPosition or PerContract? See information about that here.

It is on PerPosition, should this be PerContract to reach my goal?

It is on PerPosition, should this be PerContract to reach my goal?

Based on what I understand from your goal, it should be on PerContract.

Hi,

I want to set a stoploss according to an input.
For example on a session the loss is set to 1 dollar. Then I want to put the stoploss on the Bars price minus the stop loss.

I found this page https://www.multicharts.com/trading-sof ... ial_Orders describing the formula that calculate from amount to a price.

So in order to get the amount I want to pass with the GenerateStopLoss function I came up with this:

Code: Select all

this.dStopAmount = (dStopPrice - dClosePrice) * Bars.Info.BigPointValue;

However it generate the stop much earlier than the price I set.
Can someone give me a pointer what I am doing wrong?

Hello gvandenbosch,

We were unable to replicate this behavior with the formula. It works as expected on our end.

Thanks for the replies.

Changing it from PerPosition to PerContract and adding the Math.Abs helped solving the problem.
It is working as expected now.