Brokers overnight interest rate

Forums ProRealTime English forum ProOrder support Brokers overnight interest rate

Viewing 15 posts - 1 through 15 (of 15 total)
  • #19374

    Hi. Is there anyway to code or take in consideration the Brokers overnight interest rate in ProOrder?

    I can see there is an estimated brokers fee, but that does not add overnight interests, only add a one time fee. Since IG actually charge what more or less would be 0.8 euro a night/position on DAX 1e mini, it kind of adds up. for example if you have 2 position open a week you will be charged around 11 euros of interests+ spread. that’s quite a lot,so it would be nice to have the possibility to code this with your strategy.

    Cheers Kasper

    #19388

    and forex has this rule

    “three day funding is charged on a wednesday”

    #19399

    So if you have overnight forex positions on a wednesday they charge you for 3 days?

    #19402

    There is a possibility to compute the interest rate. But you will not be able to have all the benefit of the Probacktest window result. You could make a new variable, graphed on chart with STRATEGYPROFIT minus the interest rate previously calculated. This is the first idea that come to mind 🙂

     

     

    #19412

    Hi Nicolas, and thanks for the idea, I will try and come up with something 🙂

    #19420

    could this be true?

    on a 4H chart- given is 0.8 euro interest per Position per night on DAX 1euro mini.

    it just took out 21% of pathfinder profit 🙁

     

    #19582

    There is a problem with this code. I will return when I solved the issue

    #19583

    I  think this is more correct. also it did not take 21% profit as first assumed. I can see around 6% of Pathfinder V6.0 DAX 4H. I Have added a screendump for verification.

    Please comment on this.

     

    #19594

    Sorry if I missed something but you never defined what is the ‘Equity’ variable?

    6% fees of +500% of profit  is nothing 🙂

    #19595

    Ahh of cause. And yes. 6% is nothing I agree on that:-)

    I forgot the rest of the code. here it is

     

    #19600

    Thanks Kasper for this code snippet, fees are a major thing we too much often ignore and that can broke up a nice equity curve.

    I’ll put this code into the blog for future references.

    1 user thanked author for this post.
    avatar ALE
    #19773

    Hi Nicolas, yes that is a great idea to put it in the Blog section. I would have taken the task off your busy hands but I couldn’t create a blog. Perhaps it meant to be like this?

    Cheers Kasper

    1 user thanked author for this post.
    avatar ALE
    #19833

    Congratulations about your first blog post: https://www.prorealcode.com/blog/learning/overnight-fees-calculation-proorder-strategies/

    Any other ideas are welcome, everyone can be published in the blog section of the website 🙂

    1 user thanked author for this post.
    #21665
    #233679

    I just did a little update to this code to make it work with all timeframes. I also added the 3x overnight fees on the weekend, that the previous code didnt have. Let me know if you see any issues with it, but it seem to work correct for me. I’m a noob at coding so there might be some issues! You need to update the time where overnight fee take action in your timezone. You also need to adjust posSize to your sizing.

    How do I use this code snippet? I compare the trueEquity number, with the strategy profit if I add an exit at 224500, to avoid overnight fees (either all overnight fees or only close positions before the weekend). For example:

    Maybe this helps someone! Please let me know if you find any issues or have any improvements to the code.

     

Viewing 15 posts - 1 through 15 (of 15 total)

Create your free account now and post your request to benefit from the help of the community
Register or Login