Automatically Move To Break even Code

• 08/13/2020 at 12:30 PM #141506
  Mathewdel

  Hi Guys,

  I after the functionality for automatically moving my trade to breakeven after it reaches a certain amount of pips.

  Is there a simple way to do this? any help would be greatly appreciated.

  Thanks Mathew

  

  Mathewdel

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  08/13/2020 at 1:07 PM #141509
  robertogozzi

  Not tested:

  If not OnMarket then NewSL = 0 Endif If NewSL = 0 and PositionPerf > 0 Then Pips = close * PositionPerf / pipvalue If Pips >= 20 Then NewSL = tradeprice Endif Endif If NewSL > 0 Then SELL at NewSL STOP EXITshort at NewSL STOP Endif

  1 2 3 4 5 6 7 8 9 10 11 12 13

  If not OnMarket then    NewSL = 0 Endif If NewSL = 0 and PositionPerf > 0 Then    Pips = close * PositionPerf / pipvalue    If Pips >= 20 Then       NewSL = tradeprice    Endif Endif If NewSL > 0 Then    SELL at NewSL STOP    EXITshort at NewSL STOP Endif

  no matter whether you’re Long or Short.

  

  robertogozzi

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  08/13/2020 at 1:10 PM #141510
  robertogozzi

  Sorry, line 5 should read:

  Pips = tradeprice * PositionPerf / pipvalue

  1	Pips = tradeprice * PositionPerf / pipvalue

   

  

  robertogozzi

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  08/13/2020 at 1:12 PM #141511
  Nicolas

  Many examples in the lists below:

  https://www.prorealcode.com/topics-tag/break-even/

  https://www.prorealcode.com/topics-tag/breakeven/

  

  Nicolas

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  08/13/2020 at 1:30 PM #141515
  Mathewdel

  Thanks guys, could you also point me in the direction where to enter the code in the platform?

  

  Mathewdel

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  08/13/2020 at 1:43 PM #141517
  robertogozzi

  No matter where.

  

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  08/13/2020 at 1:53 PM #141519
  Mathewdel

  Thanks but I’m still having some trouble,

  Does this look right,

  // Conditions to enter long positions IF NOT LongOnMarket AND YourConditions THEN BUY 1 CONTRACTS AT MARKET ENDIF // Conditions to exit long positions If LongOnMarket AND YourConditions THEN SELL AT MARKET ENDIF // Conditions to enter short positions IF NOT ShortOnMarket AND YourConditions THEN SELLSHORT 1 CONTRACTS AT MARKET ENDIF // Conditions to exit short positions IF ShortOnMarket AND YourConditions THEN EXITSHORT AT MARKET ENDIF // Stops and targets : Enter your protection stops and profit targets here If not OnMarket then NewSL = 0 Endif If NewSL = 0 and PositionPerf > 0 Then Pips = tradeprice * PositionPerf / pipvalue If Pips >= 20 Then NewSL = tradeprice Endif Endif If NewSL > 0 Then SELL at NewSL STOP EXITshort at NewSL STOP Endif

  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

  // Conditions to enter long positions IF NOT LongOnMarket AND YourConditions THEN BUY 1 CONTRACTS AT MARKET ENDIF   // Conditions to exit long positions If LongOnMarket AND YourConditions THEN SELL AT MARKET ENDIF   // Conditions to enter short positions IF NOT ShortOnMarket AND YourConditions THEN SELLSHORT 1 CONTRACTS AT MARKET ENDIF   // Conditions to exit short positions IF ShortOnMarket AND YourConditions THEN EXITSHORT AT MARKET ENDIF   // Stops and targets : Enter your protection stops and profit targets here If not OnMarket then NewSL = 0 Endif If NewSL = 0 and PositionPerf > 0 Then Pips = tradeprice * PositionPerf / pipvalue If Pips >= 20 Then NewSL = tradeprice Endif Endif If NewSL > 0 Then SELL at NewSL STOP EXITshort at NewSL STOP Endif

   

  

  Mathewdel

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  08/13/2020 at 3:03 PM #141522
  robertogozzi

  For clarity of messages on ProRealCode’s forums, please use the “insert code PRT” button to separate the text of the code part! Thank you! <<  🙂

  Actually my correct code should be written as (after testing it on Dax):

  If not OnMarket then NewSL = 0 Endif If NewSL = 0 and PositionPerf > 0 Then Pips = tradeprice * PositionPerf If Pips >= 20*pipsize Then NewSL = tradeprice Endif Endif If NewSL > 0 Then SELL at NewSL STOP EXITshort at NewSL STOP Endif

  1 2 3 4 5 6 7 8 9 10 11 12 13

  If not OnMarket then    NewSL = 0 Endif If NewSL = 0 and PositionPerf > 0 Then    Pips = tradeprice * PositionPerf    If Pips >= 20*pipsize Then       NewSL = tradeprice    Endif Endif If NewSL > 0 Then   SELL at NewSL STOP   EXITshort at NewSL STOP Endif

   

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  Nicolas

  

  robertogozzi

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  08/14/2020 at 2:51 AM #141557
  Mathewdel

  Thanks Roberto,

  However, I’m still getting a code invalid response. Is there something I’m missing?

  // Conditions to enter long positions IF NOT LongOnMarket AND YourConditions THEN BUY 1 CONTRACTS AT MARKET ENDIF // Conditions to exit long positions If LongOnMarket AND YourConditions THEN SELL AT MARKET ENDIF // Conditions to enter short positions IF NOT ShortOnMarket AND YourConditions THEN SELLSHORT 1 CONTRACTS AT MARKET ENDIF // Conditions to exit short positions IF ShortOnMarket AND YourConditions THEN EXITSHORT AT MARKET ENDIF // Stops and targets : Enter your protection stops and profit targets here If not OnMarket then NewSL = 0 Endif If NewSL = 0 and PositionPerf > 0 Then Pips = tradeprice * PositionPerf If Pips >= 20*pipsize Then NewSL = tradeprice Endif Endif If NewSL > 0 Then SELL at NewSL STOP EXITshort at NewSL STOP Endif

  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

  // Conditions to enter long positions IF NOT LongOnMarket AND YourConditions THEN BUY 1 CONTRACTS AT MARKET ENDIF   // Conditions to exit long positions If LongOnMarket AND YourConditions THEN SELL AT MARKET ENDIF   // Conditions to enter short positions IF NOT ShortOnMarket AND YourConditions THEN SELLSHORT 1 CONTRACTS AT MARKET ENDIF   // Conditions to exit short positions IF ShortOnMarket AND YourConditions THEN EXITSHORT AT MARKET ENDIF   // Stops and targets : Enter your protection stops and profit targets here If not OnMarket then NewSL = 0 Endif If NewSL = 0 and PositionPerf > 0 Then Pips = tradeprice * PositionPerf If Pips >= 20*pipsize Then NewSL = tradeprice Endif Endif If NewSL > 0 Then SELL at NewSL STOP EXITshort at NewSL STOP Endif

  I appreciate your time in helping me.

  

  Mathewdel

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  08/14/2020 at 7:07 AM #141573
  JC_Bywan

  Topic moved from “ProBuilder support” forum (indicators only) to “ProOrder support” (trading strategies and backtests)

  

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  08/14/2020 at 7:53 AM #141577
  Nicolas

  Sorry but what do you mean by “invalid response”?

  

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  08/14/2020 at 12:29 PM #141626
  robertogozzi

  This code works fine (I tested it on Dax and EurUsd, Daily TF):

  DEFPARAM CumulateOrders = false ONCE MA = 100 //100 ONCE t = 0 //0 = sma ONCE N = 50 * pipsize //50 IF NOT LongOnMarket AND close crosses over average[MA,t] THEN BUY 1 CONTRACTS AT MARKET ENDIF If Not SHortOnMarket AND close crosses under average[MA,t] THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF If not OnMarket then NewSL = 0 Endif If NewSL = 0 and PositionPerf > 0 Then Pips = (tradeprice * PositionPerf) If Pips >= N Then NewSL = tradeprice Endif Endif If NewSL > 0 Then SELL at NewSL STOP EXITshort at NewSL STOP Endif SET TARGET pPROFIT 700 //700-pip goal // GraphOnPrice TradePrice coloured(0,0,255,255) AS "BE TradePrice" GraphOnPrice TradePrice + N coloured(255,0,0,255) AS "Activation" GraphOnPrice TradePrice + Pips coloured(0,128,0,255) AS "Temp profit" graph positionperf

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  DEFPARAM CumulateOrders = false ONCE MA = 100           //100 ONCE t  = 0             //0 = sma ONCE N  = 50 * pipsize  //50 IF NOT LongOnMarket AND close crosses over average[MA,t] THEN    BUY 1 CONTRACTS AT MARKET ENDIF If Not SHortOnMarket AND close crosses under average[MA,t] THEN    SELLSHORT 1 CONTRACT AT MARKET ENDIF If not OnMarket then    NewSL = 0 Endif If NewSL = 0 and PositionPerf > 0 Then    Pips = (tradeprice * PositionPerf)    If Pips >= N Then       NewSL = tradeprice    Endif Endif If NewSL > 0 Then    SELL at NewSL STOP    EXITshort at NewSL STOP Endif SET TARGET pPROFIT 700  //700-pip goal // GraphOnPrice TradePrice        coloured(0,0,255,255) AS "BE TradePrice" GraphOnPrice TradePrice + N    coloured(255,0,0,255) AS "Activation" GraphOnPrice TradePrice + Pips coloured(0,128,0,255) AS "Temp profit" graph positionperf

  Appending GraphOnPrice and Graph at the end of your code greatly enhances debugging.

   

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  robertogozzi

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  08/17/2020 at 5:01 AM #141794
  Mathewdel

  Great, thanks for your help guys!

  

  Mathewdel

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  08/20/2020 at 3:31 PM #142141
  deletedaccount051022

  This is really helpful – super grateful!

  

  deletedaccount051022

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