change amount of contracts

• 07/18/2016 at 9:17 AM #10546
  Pjotterd

  Hi all,

  Just a short question. In my prorealtime strategy, I have committed the line below for buying a contract.

  BUY 1 CONTRACT AT MARKET

  Before starting the strategy in proOrder, the system asks how many contracts you want to trade. I placed the following  number ‘4’. But because of the code it still keeps on buying 1 contract instead of 4. What do I have to change in the code to get the number of contracts that are put in when you start the strategy in ProOrder (4 contracts in this case).

  Thanks again.

  Gr. Pieter

  

  Pjotterd

  Participant

  Topics: 21

  Replies: 33

  Been thanked: 2 times
  07/18/2016 at 10:02 AM #10547
  Elsborgtrading

  Hi Pjotterd.

  There was an excellent post about money management but I can repeat it here. It will take into consideration how much your code earned, and place x amount of contract for you vs. your risk. It will accumulate your contract when you win and vice versa.

  //REM Money Management

  Capital = 1000

  Risk = 0.01

  StopLoss = 10 // Could be our variable X

  // Calculate contracts

  equity = Capital + StrategyProfit

  maxrisk = round(equity*Risk)

  PositionSize = abs(round((maxrisk/StopLoss)/PointValue)*pipsize)

  BUY PositionSize CONTRACT AT MARKET

  when the system ask how many contract you want to trade when preparing is the max contract you want to use.

  Br. Elsborgtrading

  

  Elsborgtrading

  Participant

  Topics: 37

  Replies: 359

  Been thanked: 154 times
  07/18/2016 at 10:15 AM #10548
  Pjotterd

  OK, thanks for this!

   

  

  Pjotterd

  Participant

  Topics: 21

  Replies: 33

  Been thanked: 2 times
  07/18/2016 at 10:32 AM #10549
  Pjotterd

  Are there any other options?

  

  Pjotterd

  Participant

  Topics: 21

  Replies: 33

  Been thanked: 2 times
  07/18/2016 at 6:45 PM #10568
  Elsborgtrading

  yes.

  //REM Money Management

  Capital = 1000

  Risk = 0.01

  StopLoss = 10 // Could be our variable X

  // Calculate contracts

  equity = Capital + StrategyProfit

  maxrisk = round(equity*Risk)

  PositionSize = abs(round((maxrisk/StopLoss)/PointValue)*pipsize)

  if PositionSize <=4 then

  PositionSize =4

  endif

  BUY PositionSize CONTRACT AT MARKET

   

  or.. raise the Risk = 0.01 to something higher, and look in the backtest result window under “orderlist” to see if you got the right number you want.

  

  Elsborgtrading

  Participant

  Topics: 37

  Replies: 359

  Been thanked: 154 times
  07/18/2016 at 8:41 PM #10576
  Pjotterd

  Cheers! Case closed 🙂

  

  Pjotterd

  Participant

  Topics: 21

  Replies: 33

  Been thanked: 2 times
  07/19/2016 at 11:19 AM #10593
  Elsborgtrading

  when you proved your code to be profitable it is still highly recommended to use the Money Management code. Just because it awesome and it actually managed your account so you don’t loose all your money in one deal. Trading is all about money management!

  

  Elsborgtrading

  Participant

  Topics: 37

  Replies: 359

  Been thanked: 154 times
• Author
  Posts