Add a second trade

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  • Author
    Posts
  • 04/29/2017 at 10:38 PM #33991 quote
    Fredrik
    Participant
    New

    Hi guys,

    Want to ask you if you can help me out, Im struggling with two strategies for two different robots

    1. place a second larger trade if the current trade is profitable
    2. place a second trade in the same direction as the current trade if the current trade have moved against me for x pips or $
    04/29/2017 at 11:05 PM #33992 quote
    Maz
    Participant
    Veteran

     

    // Something like this...
inProfit = positionPerf > 0

if inProfit then
 // we are in profit
 // buy largetPosition shares at market
endif

// ------------------------

if longOnMarket then
  pointDrawdown = tradePrice - close
elsif shortOnMarket then
  pointDrawdown = close - tradePrice
else
  pointDrawdown = 0

// note pointDrawdown expressed as above is a POSITIVE number and if you are in profit it will be a -ve number
// so then...

if pointDrawdown >= myMaxPointDrawdown then
 // we reached our threshold
// buy at market
endif

// ps careful with averaging down :-)
    Nicolas and Fredrik thanked this post
    05/09/2017 at 7:31 AM #34881 quote
    Fredrik
    Participant
    New

    Thanks!

    05/09/2017 at 7:50 AM #34884 quote
    Fredrik
    Participant
    New

    Hi again,

    so to add a second larger position if the current one is profitable I will use the code:

    inProfit = positionPerf > 0

if inProfit then
buy x contract at market
endif

    How can one distinguish that it will add to a specific position if I have multiple? lets say I have 2 long positions and 3 short positions, does one add a label to the trades ? I mean I would need one more for sell on market and how does the script decide which one to use?

    for instance…

    // Buy condition
if c1 then
buy 1 contract at market
endif

// Add a second buy trade if first one is profitable
inProfit = positionPerf > 0

if inProfit then
buy 1 contract at market
endif


// Sell condition
if c1 then
sellshort 2 contract at market
endif


// Add a second sell trade if first one is profitable
inProfit = positionPerf > 0

if inProfit then
sellshort 1 contract at market
endif
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Add a second trade


ProOrder support

New Reply
Author
author-avatar
Fredrik @fredrik Participant
Summary

This topic contains 3 replies,
has 2 voices, and was last updated by Fredrik
8 years, 8 months ago.

Topic Details
Forum: ProOrder support
Language: English
Started: 04/29/2017
Status: Active
Attachments: No files
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