Break even coding

• 05/31/2018 at 1:36 AM #71749
  ChrisNYE

  I decided to adjust my system to a 2:1 and no trail is now required.

  Chris

  

  ChrisNYE

  Participant

  Topics: 27

  Replies: 125

  Been thanked: 4 times
  05/31/2018 at 9:38 PM #71896
  ChrisNYE

  I would like to thank everyone that contributed to my post. I really do appreciate your knowledge.

  Chris

  

  ChrisNYE

  Participant

  Topics: 27

  Replies: 125

  Been thanked: 4 times
  09/18/2018 at 10:03 AM #80746
  rmhandel

  hi guys ,

  pleae could somebody explain me why this break even i not working . The strategy don´t consider it ? I expect a Kept in profit  of 5 point but d0n´t work. thanks in advance

  //------------------------------------------------------------------------- // Hauptcode : SAR Kauf TOP mit BREAKEVEN 5mi //------------------------------------------------------------------------- // Festlegen der Code-Parameter DEFPARAM CumulateOrders = False // Kumulieren von Positionen deaktiviert // Bedingungen zum Einstieg in Long-Positionen indicator1 = SAR[0.02,0.02,0.2] c1 = (indicator1 CROSSES over close) startBreakeven = 1 //how much pips/points in gain to activate the breakeven function? PointsToKeep = 5 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) //SET STOP PLOSS 10 //first stoploss //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF SHORTONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF IF c1 THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF // Bedingungen zum Ausstieg von Long-Positionen indicator2 = RSI[14](close) c2 = (indicator2 CROSSES over 30) indicator3 = RSI[14](close) c3 = (indicator3[1] < indicator3) IF c2 AND c3 THEN exitshort at market 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 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52

  //------------------------------------------------------------------------- // Hauptcode : SAR Kauf TOP mit BREAKEVEN 5mi //------------------------------------------------------------------------- // Festlegen der Code-Parameter DEFPARAM CumulateOrders = False // Kumulieren von Positionen deaktiviert   // Bedingungen zum Einstieg in Long-Positionen indicator1 = SAR[0.02,0.02,0.2] c1 = (indicator1 CROSSES over close)   startBreakeven = 1 //how much pips/points in gain to activate the breakeven function? PointsToKeep = 5 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread)     //SET STOP PLOSS 10 //first stoploss   //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF SHORTONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF       IF c1 THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF   // Bedingungen zum Ausstieg von Long-Positionen indicator2 = RSI[14](close) c2 = (indicator2 CROSSES over 30) indicator3 = RSI[14](close) c3 = (indicator3[1] < indicator3)   IF c2 AND c3 THEN exitshort at market endif

   

  

  rmhandel

  Participant

  Topics: 7

  Replies: 20

  Been thanked: 0 times
  09/18/2018 at 10:24 AM #80749
  robertogozzi

  You are going short, you should replace line 27 with

  IF SHORTONMARKET AND (tradeprice(1)-close)>=(startBreakeven*pipsize) THEN

  1	IF SHORTONMARKET AND (tradeprice(1)-close)>=(startBreakeven*pipsize) THEN

  and line 29 with

  breakevenLevel = tradeprice(1)-PointsToKeep*pipsize

  1	breakevenLevel = tradeprice(1)-PointsToKeep*pipsize

   

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17188

  Been thanked: 4064 times
  09/18/2018 at 10:32 AM #80750
  rmhandel

  many thanks but i am not convinced that it works . Have you got backtest it ? In my backtests i couldn´t find stops in order (points to keep ) maybe it works not in going short .

  

  rmhandel

  Participant

  Topics: 7

  Replies: 20

  Been thanked: 0 times
  09/18/2018 at 11:02 AM #80752
  robertogozzi

  I backtested it on DAX, 5-minute TF, calculations are fine.

  Keep in mind that 1 pips is way too low, I guess, and orders in real accounts could be rejected because too close to price.

  Moreover, I just realized you are using SELL to exit a short trade, while you should use EXITSHORT (SELL is reserved to exit a LONG position).

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17188

  Been thanked: 4064 times
  09/18/2018 at 12:10 PM #80765
  rmhandel

  i understand thanks for help

  

  rmhandel

  Participant

  Topics: 7

  Replies: 20

  Been thanked: 0 times
• Author
  Posts