close half position when reach half limit and move stoploss to breakeven

• 03/07/2021 at 8:42 AM #163347
  kevin12345

  hi,

  can someone help me out with this? i want to close half my position when the market has reach have my limit and then move stoploss to breakeven.

  ONCE PerCent = 0.50 //0.50 = close half positions IF positionperf = 0.5 AND LongOnMarket THEN SELL (abs(CountOfPosition) * PerCent) AT Market set stop ploss 0 ELSIF positionperf = 0.5 AND ShortOnMarket THEN EXITSHORT (abs(CountOfPosition) * PerCent) AT Market set stop ploss 0 ENDIF

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  ONCE PerCent = 0.50            //0.50 = close half positions IF positionperf = 0.5 AND LongOnMarket THEN SELL (abs(CountOfPosition) * PerCent) AT Market set stop ploss 0 ELSIF positionperf = 0.5 AND ShortOnMarket THEN EXITSHORT (abs(CountOfPosition) * PerCent) AT Market set stop ploss 0 ENDIF

  here’s what i got so far

  thank you

  

  kevin12345

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  03/07/2021 at 9:02 AM #163348
  Vonasi

  You cannot expect POSITIONPERF to equal 0.5% exactly. Change it to >=

  Also SET STOP pLOSS 0 does not set any stop loss – it simply cancels any stop loss on the market. Use SELL or EXITSHORT AT POSITIONPRICE STOP and place this order at every bar.

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  KumoNoJuzza

  

  Vonasi

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  03/07/2021 at 9:08 AM #163349
  Vonasi

  Something like: (not tested)

  ONCE PerCent = 0.50 //0.50 = close half positions if not onmarket and (your long entry conditions) then buy 1 contract at market flag = 0 endif if not onmarket and (your short entry conditions) then sellshort 1 contract at market flag = 0 endif IF positionperf >= 0.5 AND LongOnMarket THEN SELL (abs(CountOfPosition) * PerCent) AT Market flag = 1 endif IF positionperf >= 0.5 AND ShortOnMarket THEN EXITSHORT (abs(CountOfPosition) * PerCent) AT Market flag = 1 ENDIF if flag then sell at positionprice stop exitshort at positionprice stop endif

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  ONCE PerCent = 0.50            //0.50 = close half positions   if not onmarket and (your long entry conditions) then buy 1 contract at market flag = 0 endif   if not onmarket and (your short entry conditions) then sellshort 1 contract at market flag = 0 endif   IF positionperf >= 0.5 AND LongOnMarket THEN SELL (abs(CountOfPosition) * PerCent) AT Market flag = 1 endif   IF positionperf >= 0.5 AND ShortOnMarket THEN EXITSHORT (abs(CountOfPosition) * PerCent) AT Market flag = 1 ENDIF   if flag then sell at positionprice stop exitshort at positionprice stop endif

   

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  icharttop

  

  Vonasi

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  03/07/2021 at 9:21 AM #163350
  kevin12345

  im getting an error for line

  SELL (abs(CountOfPosition) * PerCent) AT Market

  1	SELL (abs(CountOfPosition) * PerCent) AT Market

  at the “AT”

  

  kevin12345

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  03/07/2021 at 9:24 AM #163351
  Vonasi

  Sorry – I cut and pasted your code! Add CONTRACTS before AT.

  

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  03/07/2021 at 9:30 AM #163352
  kevin12345

  does not seem to work. i got picture. if it worked then it should sell half and then breakeven with this example.

  

  kevin12345

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  03/07/2021 at 10:02 AM #163358
  Vonasi

  Yes it needs a little tweeking:

  ONCE PerCent = 0.50 //0.50 = close half positions if not onmarket and (your long entry conditions) then buy 1 contract at market flag = 0 endif if not onmarket and (your short entry conditions) then sellshort 1 contract at market flag = 0 endif IF positionperf >= 0.5 AND LongOnMarket and not flag THEN SELL (abs(CountOfPosition)) * PerCent contracts AT Market flag = 1 endif IF positionperf >= 0.5 AND ShortOnMarket and not flag THEN EXITSHORT (abs(CountOfPosition) * PerCent) contracts AT Market flag = 1 ENDIF if flag then sell at positionprice stop exitshort at positionprice stop endif

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  ONCE PerCent = 0.50            //0.50 = close half positions   if not onmarket and (your long entry conditions) then buy 1 contract at market flag = 0 endif   if not onmarket and (your short entry conditions) then sellshort 1 contract at market flag = 0 endif   IF positionperf >= 0.5 AND LongOnMarket and not flag THEN SELL (abs(CountOfPosition)) * PerCent contracts AT Market flag = 1 endif   IF positionperf >= 0.5 AND ShortOnMarket and not flag THEN EXITSHORT (abs(CountOfPosition) * PerCent) contracts AT Market flag = 1 ENDIF   if flag then sell at positionprice stop exitshort at positionprice stop endif

   

  

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  03/08/2021 at 1:10 AM #163397
  kevin12345

  still the same result.

  i tried changing the codes but the results are still the same.

  if not onmarket and longconditions and buyentry then buy 1 contracts at market flag = 0 endif ONCE PerCent = 0.50 //0.50 = close half positions IF ((close - positionprice) >= 0.5*longstoploss) AND LongOnMarket and flag = 0 THEN SELL (abs(CountOfPosition) * PerCent) contracts AT Market flag = 1 ENDIF if flag = 1 then sell at positionprice stop endif

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  if not onmarket and longconditions and buyentry then buy 1 contracts at market flag = 0 endif   ONCE PerCent = 0.50            //0.50 = close half positions IF ((close - positionprice) >= 0.5*longstoploss) AND LongOnMarket and flag = 0 THEN SELL (abs(CountOfPosition) * PerCent) contracts AT Market flag = 1 ENDIF   if flag = 1 then sell at positionprice stop endif

   

  

  kevin12345

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  03/08/2021 at 1:19 AM #163398
  kevin12345

  think i got it

  if not onmarket and longconditions and buyentry then buy 1 contracts at market flag = 0 endif ONCE PerCent = 0.50 //0.50 = close half positions IF ((close - positionprice)/pipsize >= 0.5*longstoploss) AND LongOnMarket and flag=0 THEN SELL (abs(CountOfPosition) * PerCent) contracts AT Market flag = 1 ENDIF if flag=1 then sell at positionprice stop endif

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  if not onmarket and longconditions and buyentry then buy 1 contracts at market flag = 0 endif   ONCE PerCent = 0.50            //0.50 = close half positions IF ((close - positionprice)/pipsize >= 0.5*longstoploss) AND LongOnMarket and flag=0 THEN SELL (abs(CountOfPosition) * PerCent) contracts AT Market flag = 1 ENDIF   if flag=1 then sell at positionprice stop endif

   

  

  kevin12345

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  03/08/2021 at 9:13 AM #163415
  Vonasi

  My last code worked just fine when I tested it. You seem to have added a variable called longstoploss which is not declared at any value in your code!

  

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  03/09/2021 at 9:17 AM #163562
  kevin12345

  my codes seems to work half the time. half being it close half and move stoploss to breakeven and the other one is when profit reaches half the limi, it closes half 2 times resulting closing the full trade. anyone got any ideas why?

  

  kevin12345

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  03/09/2021 at 10:01 AM #163566
  Vonasi

  As I said – I tested my code and it worked just fine.

  You changed the exit price calculation so that it is no longer a percentage using POSITIONPERF – why?

  It is highly likely that your problem is being created by the code that you are choosing not to show us – do you have any other stop orders in the code? Without all the information such as the value of longstoploss the instrument and time frame and the rest of the code it is very difficult for anyone to help you or see what you are saying is happening.

  A screenshot is worth a thousand words.

   

  

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  03/09/2021 at 10:18 AM #163569
  kevin12345

  heres the screen shot  of what my current codes are doing on prorealtime.

  defparam CUMULATEORDERS = false timeframe(15mn) ema37 = ExponentialAverage[37](close) ema50 = ExponentialAverage[50](close) bar15mn = barindex //conditions to go long longc1 = ema37 - ema50 > 2*pipsize longc2 = high[1] < high[2] and high[2] < high[3] longc3 = (low[1] crosses under ema37[1]) or (low[1] crosses under ema50[1]) longc4 = (close[1] > ema50[1]) and (close[2] > ema50[2]) and (close[3] > ema50[3]) longconditions = longc1 and longc2 and longc3 and longc4 if not onmarket and (longconditions ) then prehigh15mn = high[1] prelow15mn = low[1] endif timeframe(default) timeframe(default) once tradeON = 1 mybar = bar15mn if mybar <>mybar[1] then tradeon = 1 endif //long entry trigger buyentry = (close >= prehigh15mn) spreadave = 2.5 minstop = 5 if not onmarket and longconditions and buyentry and tradeon then buy 1 contracts at market tradeon = 0 flag = 0 if (close - prelow15mn+spreadave*pipsize)/pipsize > minstop and (close - prelow15mn+spreadave*pipsize)/pipsize < 50 then longstoploss = (close - prelow15mn+spreadave*pipsize)/pipsize elsif (close - prelow15mn+spreadave*pipsize)/pipsize <= minstop then longstoploss = minstop elsif (close - prelow15mn+spreadave*pipsize)/pipsize >= 50 then longstoploss = 50 endif endif longtarget = longstoploss set stop ploss longstoploss set target pprofit longtarget ONCE PerCent = 0.50 //0.50 = close half positions IF ((close - positionprice)/pipsize >= 0.5*longstoploss) AND LongOnMarket and not flag THEN SELL (abs(CountOfPosition) * PerCent) contracts AT Market flag = 1 ENDIF if flag then sell at positionprice stop endif

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  defparam CUMULATEORDERS = false timeframe(15mn) ema37 = ExponentialAverage[37](close) ema50 = ExponentialAverage[50](close) bar15mn = barindex //conditions to go long longc1 = ema37 - ema50 > 2*pipsize longc2 = high[1] < high[2] and high[2] < high[3] longc3 = (low[1] crosses under ema37[1]) or (low[1] crosses under ema50[1]) longc4 = (close[1] > ema50[1]) and (close[2] > ema50[2]) and (close[3] > ema50[3]) longconditions = longc1 and longc2 and longc3 and longc4   if not onmarket and (longconditions ) then prehigh15mn = high[1] prelow15mn = low[1] endif   timeframe(default)   timeframe(default) once tradeON = 1 mybar = bar15mn if mybar <>mybar[1] then tradeon = 1 endif   //long entry trigger buyentry = (close >= prehigh15mn) spreadave = 2.5 minstop = 5 if not onmarket and longconditions and buyentry and tradeon then buy 1 contracts at market tradeon = 0 flag = 0 if (close - prelow15mn+spreadave*pipsize)/pipsize > minstop and (close - prelow15mn+spreadave*pipsize)/pipsize < 50 then longstoploss = (close - prelow15mn+spreadave*pipsize)/pipsize elsif (close - prelow15mn+spreadave*pipsize)/pipsize <= minstop then longstoploss = minstop elsif (close - prelow15mn+spreadave*pipsize)/pipsize >= 50 then longstoploss = 50 endif endif   longtarget = longstoploss     set stop ploss longstoploss set target pprofit longtarget   ONCE PerCent = 0.50            //0.50 = close half positions   IF ((close - positionprice)/pipsize >= 0.5*longstoploss) AND LongOnMarket and not flag THEN SELL (abs(CountOfPosition) * PerCent) contracts AT Market flag = 1 ENDIF     if flag then sell at positionprice stop   endif

  this is only for going long.

   

  

  kevin12345

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  03/09/2021 at 10:20 AM #163572
  kevin12345

  however, on ig trading the results r different. when it reached half my limit, it close half and another half. resulting in closing full.

   

  

  kevin12345

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  03/09/2021 at 10:26 AM #163573
  kevin12345

  this is the screenshot with the codes u suggested. line 52 to line 55 replaced with these

  IF positionperf >= 0.5 AND LongOnMarket and not flag THEN SELL (abs(CountOfPosition)) * PerCent contracts AT Market flag = 1 endif

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  IF positionperf >= 0.5 AND LongOnMarket and not flag THEN SELL (abs(CountOfPosition)) * PerCent contracts AT Market flag = 1 endif

   

  

  kevin12345

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