Add new position

• 05/10/2017 at 10:07 PM #35137
  Abz

  Hello

  i want to check  my position  on market i want to add one more shares to it with seperat profit target and stop loss. for example if iam longonmarket and my position is in -20points i want to buy 5 more shares. and same for if i am short on market and the trade is against me i want to short more shares. i want seperat target and stopp loss for these ekstra  shares.

  i did try this but cant get it to work

  if longonmarket and close - tradeprice < -20*pointsize then buy 5 SHARES AT MARKET SET STOP ploss 30//20 SET TARGET pPROFIT 20 //54 endif if shortonmarket and close - tradeprice > 20*pointsize then sellshort 5 SHARES AT MARKET SET STOP ploss 30//20 SET TARGET pPROFIT 20 //54 endif

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  if longonmarket and close - tradeprice < -20*pointsize then buy 5 SHARES AT MARKET SET STOP ploss 30//20 SET TARGET pPROFIT 20 //54 endif if shortonmarket and close - tradeprice > 20*pointsize then sellshort 5 SHARES AT MARKET SET STOP ploss 30//20 SET TARGET pPROFIT 20 //54 endif

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated DEFPARAM FLATBEFORE = 170000 DEFPARAM FLATAFTER = 220000 // indicators PSAR = SAR[0.02,0.02,0.2] MA = Average[41](close) Rs = RSI[15](close) c13 = Time < 192000 // Conditions to enter Long positions c1 = (close > PSAR) c2 = (close crosses over MA) c3 = Rs <= 60 IF not onmarket AND c13 AND c1 AND c2 AND c3 THEN Buy 2 SHARES AT MARKET ENDIF // Conditions to enter Short positions c6 = (close < PSAR) c7 = (close < MA) c8 = Rs >= 50 IF not onmarket AND c13 AND c6 AND c7 AND c8 THEN Sellshort 2 SHARES AT MARKET ENDIF SET STOP pLOSS 50 SET TARGET pPROFIT 50

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated DEFPARAM FLATBEFORE = 170000 DEFPARAM FLATAFTER = 220000   // indicators PSAR = SAR[0.02,0.02,0.2] MA = Average[41](close) Rs = RSI[15](close) c13 = Time < 192000   // Conditions to enter Long positions c1 = (close > PSAR) c2 = (close crosses over MA) c3 = Rs <= 60   IF not onmarket AND c13 AND c1 AND c2 AND c3 THEN Buy 2 SHARES AT MARKET ENDIF   // Conditions to enter Short positions c6 = (close < PSAR) c7 = (close < MA) c8 = Rs >= 50   IF not onmarket AND c13 AND c6 AND c7 AND c8 THEN Sellshort 2 SHARES AT MARKET ENDIF   SET STOP pLOSS 50 SET TARGET pPROFIT 50

   

  

  Abz

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  05/10/2017 at 11:17 PM #35140
  StantonR

  You First need to set this to true else no new positions will be entered

  <span class="token keyword">DEFPARAM</span> <span class="token keyword">CumulateOrders</span> <span class="token operator">=</span> True<span class="token comment" spellcheck="true">// Cumulating positions deactivated </span>

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  <span class="token keyword">DEFPARAM</span> <span class="token keyword">CumulateOrders</span> <span class="token operator">=</span> True<span class="token comment" spellcheck="true">// Cumulating positions deactivated     </span>

  

  StantonR

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  05/10/2017 at 11:29 PM #35141
  StantonR

  Tested on EURUSD 1h Not sure if this is what you looking for not bad results

  1	Tested on EURUSD 1h Not sure if this is what you looking for not bad results

  // Definition of code parameters DEFPARAM CumulateOrders = True // Cumulating positions deactivated DEFPARAM FLATBEFORE = 170000 DEFPARAM FLATAFTER = 220000 // indicators PSAR = SAR[0.02,0.02,0.2] MA = Average[41](close) Rs = RSI[15](close) c13 = Time < 192000 // Conditions to enter Long positions c1 = (close > PSAR) c2 = (close crosses over MA) c3 = Rs <= 60 IF not onmarket AND c13 AND c1 AND c2 AND c3 THEN Buy 2 SHARES AT MARKET sl = 50 tp = 50 ELSIF longonmarket and close - tradeprice < -20*pointsize then buy 5 SHARES AT MARKET sl = 30 tp = 20 ENDIF // Conditions to enter Short positions c6 = (close < PSAR) c7 = (close < MA) c8 = Rs >= 50 IF not onmarket AND c13 AND c6 AND c7 AND c8 THEN Sellshort 2 SHARES AT MARKET sl = 50 tp = 50 ELSIF shortonmarket and close - tradeprice > 20*pointsize then Sellshort 5 SHARES AT MARKET sl = 30 tp = 20 ENDIF SET STOP pLOSS sl SET TARGET pPROFIT tp

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  // Definition of code parameters DEFPARAM CumulateOrders = True // Cumulating positions deactivated DEFPARAM FLATBEFORE = 170000 DEFPARAM FLATAFTER = 220000   // indicators PSAR = SAR[0.02,0.02,0.2] MA = Average[41](close) Rs = RSI[15](close) c13 = Time < 192000   // Conditions to enter Long positions c1 = (close > PSAR) c2 = (close crosses over MA) c3 = Rs <= 60   IF not onmarket AND c13 AND c1 AND c2 AND c3 THEN Buy 2 SHARES AT MARKET sl = 50 tp = 50 ELSIF longonmarket and close - tradeprice < -20*pointsize then buy 5 SHARES AT MARKET sl = 30 tp = 20 ENDIF   // Conditions to enter Short positions c6 = (close < PSAR) c7 = (close < MA) c8 = Rs >= 50   IF not onmarket AND c13 AND c6 AND c7 AND c8 THEN Sellshort 2 SHARES AT MARKET sl = 50 tp = 50 ELSIF shortonmarket and close - tradeprice > 20*pointsize then Sellshort 5 SHARES AT MARKET sl = 30 tp = 20 ENDIF   SET STOP pLOSS sl SET TARGET pPROFIT tp

  1

  

  StantonR

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  05/11/2017 at 10:07 AM #35172
  Maz

  Hiya,

  Not a terrible idea here. You should probably separate indicator variables for long and short entries though.

  Obviously a good amount of work needs to be done here to make it a viable strategy in PRT (dynamic stops and targets, more filtering, proper position size management, time management etc) but for now I’ve done a little tweak for you here. The optimization may make up for PRT’s lack of multi-position management tools such as multiple stops and limits – which is what I believe you were after, @Abz.

  // Definition of code parameters DEFPARAM CumulateOrders = True // Cumulating positions deactivated DEFPARAM FLATBEFORE = 160000 DEFPARAM FLATAFTER = 210000 // Variables once optimization = 2 if optimization = 1 then // original rsiPeriodLongs = 15 rsiPeriodShorts = 15 maPeriodLongs = 41 maPeriodShorts = 41 maType = 0 rsiLongThresh = 60 rsiShrtThresh = 50 elsif optimization = 2 then //EUR_USD H1 rsiPeriodLongs = 18 rsiPeriodShorts = 18 rsiLongThresh = 63 rsiShrtThresh = 49 maType = 5 maPeriodLongs = 41 maPeriodShorts = 30 endif tradingTime = time < 182000 // indicators PSAR = sar[0.02,0.02,0.2] MALongs = average[maPeriodLongs, maType](close) MAShorts = average[maPeriodShorts, maType](close) rLongs = rsi[rsiPeriodLongs](close) rShorts = rsi[rsiPeriodShorts](close) // Conditions to enter Long positions c1 = (close > PSAR) c2 = (close crosses over MALongs) c3 = rLongs <= rsiLongThresh IF (not onmarket) AND tradingTime AND c1 AND c2 AND c3 THEN Buy 2 SHARES AT MARKET sl = 50 tp = 50 ELSIF longonmarket and close - tradeprice < -20*pointsize then buy 5 SHARES AT MARKET sl = 30 tp = 20 ENDIF // Conditions to enter Short positions c6 = (close < PSAR) c7 = (close < MAShorts) c8 = rShorts >= rsiShrtThresh IF not onmarket AND tradingTime AND c6 AND c7 AND c8 THEN Sellshort 2 SHARES AT MARKET sl = 50 tp = 50 ELSIF shortonmarket and close - tradeprice > 20*pointsize then Sellshort 5 SHARES AT MARKET sl = 30 tp = 20 ENDIF SET STOP pLOSS sl SET TARGET pPROFIT tp

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  // Definition of code parameters DEFPARAM CumulateOrders = True // Cumulating positions deactivated DEFPARAM FLATBEFORE = 160000 DEFPARAM FLATAFTER = 210000   // Variables once optimization = 2   if optimization = 1 then // original rsiPeriodLongs  = 15 rsiPeriodShorts = 15 maPeriodLongs   = 41 maPeriodShorts  = 41 maType = 0 rsiLongThresh = 60 rsiShrtThresh = 50   elsif optimization = 2 then //EUR_USD H1 rsiPeriodLongs  = 18 rsiPeriodShorts = 18 rsiLongThresh = 63 rsiShrtThresh = 49   maType = 5 maPeriodLongs  = 41 maPeriodShorts = 30   endif   tradingTime = time < 182000   // indicators PSAR     = sar[0.02,0.02,0.2] MALongs  = average[maPeriodLongs,  maType](close) MAShorts = average[maPeriodShorts, maType](close) rLongs   = rsi[rsiPeriodLongs](close) rShorts  = rsi[rsiPeriodShorts](close)   // Conditions to enter Long positions c1 = (close > PSAR) c2 = (close crosses over MALongs) c3 = rLongs <= rsiLongThresh   IF (not onmarket) AND tradingTime AND c1 AND c2 AND c3 THEN Buy 2 SHARES AT MARKET sl = 50 tp = 50 ELSIF longonmarket and close - tradeprice < -20*pointsize then buy 5 SHARES AT MARKET sl = 30 tp = 20 ENDIF   // Conditions to enter Short positions c6 = (close < PSAR) c7 = (close < MAShorts) c8 = rShorts >= rsiShrtThresh   IF not onmarket AND tradingTime AND c6 AND c7 AND c8 THEN Sellshort 2 SHARES AT MARKET sl = 50 tp = 50 ELSIF shortonmarket and close - tradeprice > 20*pointsize then Sellshort 5 SHARES AT MARKET sl = 30 tp = 20 ENDIF   SET STOP pLOSS sl SET TARGET pPROFIT tp

   

  Note this is just very quick and rough – not for production – but do continue tweaking. This version was wrapped around EUR_USD H1 and has at least a year of spinning its wheels (take the equity curve with a pinch of salt). I have also changed timezone for my locale so do change the times to your own locale.

  Best,

  M

  

  Maz

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  05/11/2017 at 12:21 PM #35197
  Barney

  Question.

  Why do you want to add more shares to a bad position.

  It should be better to buy more shares when you are+

   

  

  Barney

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  05/11/2017 at 2:43 PM #35217
  Abz

  hello

   

  thanks for help, but when i am testing it seems like when it is  adding a new position it close the previous one?

  

  Abz

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  05/11/2017 at 9:57 PM #35256
  Abz

  i managed to get it working. Thanks for all help. i will try it on different instrument and post here if there are good results

  

  Abz

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