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Please make sure everything is in order as seen in the screen shot below. Copy pasting can lead to codes being crunched up so please be careful with the spaces.
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Long Side
//@version=4
strategy("Trailingstop", overlay=true)
if close >sma(close,50)
strategy.entry("long",strategy.long)
//Trailing stop loss
Trailperc=0.20
price_stop=0.0
if (strategy.position_size > 0)
stopValue = close * (1 - Trailperc)
price_stop:=max(stopValue, price_stop[1])
else
price_stop:=0
if (strategy.position_size > 0)
strategy.exit(id="stoploss", stop=price_stop)
Short Side
//@version=4
strategy("Trailingstop", overlay=true)
if close <sma(close,50)
strategy.entry("short",strategy.short)
//Trailing stop loss
Trailperc=0.20
price_stop_short=10000000.0
if (strategy.position_size < 0)
stopValue = close * (1 + Trailperc)
price_stop_short:=min(stopValue, price_stop_short[1])
else
price_stop_short:=10000000000
if (strategy.position_size < 0)
strategy.exit(id="stoploss", stop=price_stop_short)
