I'm getting this question at least once per week: "how to define a custom exit quantity for my stop loss and a different one for my take profit" Instead of answering every day the same question in my DMs, I've decided to publish an educational strategy template script using this
Features
- Select to use or not the SL and/or TP - Define how many pips/USD the SL/TP should be set at from the entry - Define what quantity percentage you want to close at SL and/or at TP (lines 301 to 320 in the code) - Classical custom trailing stop where the SL is moved to breakeven once the TP is hit - Get real-time backtesting stats based on the options you've selected
Update
You might not know it yet but from last week (or maybe the week before), the qty/qty_percent from the strategy.exit function refers now to the initial position size (and not the remaining position size like before)
After "EX1" reaches SL levels, "EX2" exits 20% from the % of the remaining position size. If the initial position size = 100 contracts EX1 exits 50 contracts EX2 exits 20% of 50 contracts = 10 contracts
What's happening now
After "EX1" reaches SL levels, "EX2" exits 20% from the % of the original position size. If the initial position size = 100 contracts EX1 exits 50 contracts EX2 exits 20 (20% of 100 contracts) contracts
I think this is an improvement and I really enjoy this new behavior.
Hello, there's a small error on the pnl calculation. Look like you expect by default 1 contract and not the amount. The % is correclty calculated in the table, but not the actual profit. Let's say I input 500$ per trade on BTC, instead of 500$ * 10% profit = 50$, it take the full BTC at the time of buying. i.e : 20000$ * 10% = 2000$. Thanks!
Daveatt
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@AverageJoeQCLaq, Great feedback, you're very correct here I'll think about how to fix that Thanks a lot