Set a stop loss x points from the average position price.
Points of the current instrument is equal to POINTSIZE
Syntax:
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1 |
Set STOP PLOSS x |
Example :
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myMACD = MACD[12,26,9](close) long = myMACD crosses over 0 IF NOT LongOnMarket AND long THEN BUY 1 CONTRACTS AT MARKET ENDIF //set stop loss at 50 pips/points from the average position price SET STOP PLOSS 50 |
Size of a pip (or point), PipSize=PointSize.
Syntax:
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1 |
PointSize |
Value in €/$ of one pip (or one point) in the currency of the instrument. PipValue=PointValue.
Syntax:
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1 |
PointValue |
Indicates the percent of gain or loss of the Nth previous position.
The instruction POSITIONPERF(n) returns: The performance (ratio gain/cost of the position) of the n-th last position closed if n>0 (not including brokerage fees) The performance (ratio gains/cost of the position) of the currently open position if n=0 (not including brokerage fees)
If n is not specified, we suppose that n=0. PositionPerf=PositionPerf(0).
Syntax:
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1 |
PositionPerf(N) |
Indicates the current average position price of the whole opened orders.
If you open 3 positions, respectively at 5$, 10$ and 15$, POSITIONPRICE is : (5+10+15)/3 = 10€.
Syntax :
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1 |
PositionPrice |
POSITIONPRICE can also be used to get the previous average position price in the last candle period with offset :
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//average position price of the previous candle (n-1) PositionPrice[1] |
Example :
Floating profit of the whole opened orders
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//floating profit floatingprofit = (((close-positionprice)*pointvalue)*countofposition)/pipsize //actual trade gains |
Averaging down simple trading strategy example :
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myMACD = MACD[12,26,9](close) long = myMACD crosses over 0 //first order IF NOT LongOnMarket AND long THEN BUY 1 CONTRACTS AT MARKET ENDIF //averaging down IF TRADEINDEX(1)>5 AND TRADEPRICE(1)-Close>20 AND LongOnMarket THEN BUY 1 CONTRACTS AT MARKET ENDIF //closing all positions when current close is superior of the average positions price IF COUNTOFPOSITION >= 2 AND Close > POSITIONPRICE THEN SELL AT MARKET ENDIF SET TARGET PROFIT 20 |
Sets the maximum amount of bars preloaded for the calculation of indicators used in a trading system.
Syntax:
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1 |
DEFPARAM PRELOADBARS = 200 |
This instruction is very useful if you plan to use indicators that need previous bar to compute before you can rely on them to make trading decisions in your code.
The PRICE statement is used in both SET STOP and SET TARGET, to set respectively the stoploss or takeprofit at a defined price level.
Instruction used to stop a trading system. All opened, stop and limit orders are close when the instruction is used.
Stopped strategy with the QUIT instruction cannot be re-launched automatically by code. Only a manual intervention can do it.
Syntax:
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1 |
QUIT |
Example1 :
Stop the automated trading program at 22:00 if we are short on market.
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IF ShortOnMarket AND CurrentHour=22 THEN QUIT ENDIF |
Example2 :
Stop the strategy if the actual profit is losing 200 of the money account.
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IF StrategyProfit<-200 then QUIT ENDIF |
PLOSS
