Trailing stop for Neptune robots

daleywill

When a trade first opens the Neptune robots cast a wide net for the stop loss and take profit. Once the closing conditions are met the net closes. However, once the net is closed the stop loss doesn't change again which means that except in the unlikely event that the trade closes on take profit any gains after that net closes are lost. Once the net closes a trailing stop should kick in to capture these extra gains.

Mike

Hi, Will, The Neptune trading system already uses the following trailing stops.

Average True Range Trailing Stop
Average True Range Trailing Take Profit

Are you asking for a standard trailing stop to be added with a pip step as described below?

https://clickalgo.com/trailing-stop-step-definition

daleywill

Hi,

Thats the one. I find that tradestends to give us a fair bit of the profit just before it closes due to the stop loss only changing every few hours or so.

will

daleywill

Just wanted to share this with you

I hope this image loads.

It demonstrates an instance I think that trailing stops instead of ATR stop losses would help enormously. This trade went all the way up to £6 but as the stop loss only gets updated on the hour (For an H1 time frame) it lost almost all of this profit and fell back down to £1.67

Hope this is of interest

Will

Mike

We are removing the ATR trailing stops and adding the standard ClickAlgo trailing stop in version 2.5.0

driftingprogrammer

Hi Mike,

Can you please explain the default behaviour of this trailing stop loss. I am investigating this because I want to remove this trailing stop loss. It seems to me at this point the behaviour of the default settings is that at the close of the candle the stop loss will be placed 20 pips (or is it 10 pips) below the price while the trade is in profit.
Can you please confirm that this is the default behaviour.
In order to get rid of this default behaviour (assuming my understanding of the default behaviour is correct), I set the trailing stop loss to true and set the trigger to 200 and step to 100. I was assuming that the trailing stop loss will not be triggered now since my trigger value is higher then my TP.
But I find no matter what setting I put and weather I set the Trailing Stop? setting to true or false the default behaviour anyways kicks in on the close of the candle.
Is this a bug? Is there absoutely no way to disable the trailing stop loss, please let me know.

Thanks.

Mike

Morning, you can find a definition of our trailing stop logic below.

https://clickalgo.com/trailing-stop-step-definition

The reason you are still seeing the stop loss adjusted is because the Neptune system automatically adjusts the stop loss on the bar close event, this is part of the internal logic of the strategy.

The TSL feature adjusts the SL on each incoming tick of data, but the default logic to adjust the SL occurs when the candle closes.

driftingprogrammer

Hi Mike,

Is there anyway to disable the default behaviour. At this point as you are aware at close of candle the stop loss is incremented to a value 20 pips below the price.
It seems to me it is not possible to disable this behavior and also it is not possible to change the value from 20 pips to a higher value, say for example 40 pips.
Am I write in making these 2 conclusions?
Do you think this is a bug and of so please let me know where i can report this.

Thanks.

Mike

Hi, this is the default behaviour, but there is a formula for the calculation and not a fixed value in pips, this strategy was originally created as a black box system. The formula is below.

Buy Trade

if position bid price - entry price >= optimizer 48 * tick size
Modify stop loss bid price - optimizer 50 * tick size

Sell Trade

if position entry price - ask price >= optimizer 49 * tick size
Modify stop loss ask price + optimizer 51 * tick size

You could try increasing the adjustable parameters 48, 49, 50 & 51

Make sure you are using the correct symbol for the cBot, so EURUSD is for EURUSD and no other symbol.

The optimised settings find the best values overall.

driftingprogrammer

Thats great, thanks for clarifying this behaviour, I can see that for different neptune robots of different currency pair the optimisation setting regarding stop loss adjustment at the close of the candle is at a different position number. I was able to identify the setting based on the name of the parameter Tral_Start, Tral_Start1, Tral_Stop, Tral_Stop1 in the setting file.

Thanks again.