Hi guys,
kind of new to this platform and to algo trading so wanted to catch some help here.
I would like to accomplish the following,
If a trade is profitable, move the stop loss to break even and open up a second order in the same direction with new stop loss and profit target
Thanks!
Code:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated
// Indicators
indicator1 = Stochastic [ 14 ,3 ] (close )
indicator2 = Average [ 5 ] (indicator1)
indicator3 = RSI [ 6 ] (close )
// Conditions to enter long positions
c1 = (indicator1 CROSSES OVER indicator2)
c2 = (indicator3 <= 30 )
IF c1 AND c2 THEN
BUY 1 CONTRACT AT MARKET
ENDIF
// Conditions to exit long positions
c3 = (indicator1 CROSSES UNDER indicator2)
IF c3 THEN
SELL AT MARKET
ENDIF
// Conditions to enter short positions
c4 = (indicator1 CROSSES UNDER indicator2)
c5 = (indicator3 >= 70 )
IF c4 AND c5 THEN
SELLSHORT 1 CONTRACT AT MARKET
ENDIF
// Conditions to exit short positions
c6 = (indicator1 CROSSES OVER indicator2)
IF c6 THEN
EXITSHORT AT MARKET
ENDIF
// Stops and targets
SET STOP pLOSS 8
SET TARGET pPROFIT 15
.
