Add a second trade

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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

place a second larger trade if the current trade is profitable
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