Code Snippet – Recover to Break-even

• 01/23/2018 at 3:24 PM #60331
  GraHal

  Anybody please have / could code a code snippet to achieve the following in an Auto-Trade.
  Please feel free to add / amend / improve the spec …

  • Loss > X points
  • Recover back to Y% of Loss?
  • Exit trade if momentum < Z at Y% of Loss.

  The logic in my mind / experience is that if the loss > x points and there is then a good run up / down (back to breakeven / near) then the trade is likely to retrace again so I exit, breathe a sigh of relief and go make a coffee! 🙂

  Above logic is more suited to short term trades / intraday.

  I recall this being discussed and have searched on here with no success.

  Thank You
  GraHal
  PS I am working on a solution myself, but any suggestions would be appreciated and would then be here for the benefit of others … until we get the ‘snippet repository’?? 🙂

   

  

  GraHal

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  01/23/2018 at 8:19 PM #60347
  AutoStrategist

  Hi Grahal, how you doing?  Have been taking a break from the site but couldn’t resist having a go at this.  I haven’t tested it but it should be there or thereabouts, any questions give me a shout.

  ONCE PercentofMAE = 0.8 // 80% as decimal ONCE MinimumMomentum = 10 ONCE MaxAEPermitted = 50 // Max loss to reach to trigger conditions // MaxAE needs to be set to 0 when opening a position if longonmarket then if close < positionprice then LossNow = abs(close - positionprice) MaxAE = MAX(MaxAE,LossNow) if MaxAE > MaxAEPermitted then c1 = LossNow < MaxAE*PercentofMAE c2 = Momentum[12](close) < MinimumMomentum if c1 and c2 then sell at market endif endif endif elsif shortonmarket then if close > positionprice then // ... endif endif

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  ONCE PercentofMAE = 0.8 // 80% as decimal ONCE MinimumMomentum = 10 ONCE MaxAEPermitted = 50 // Max loss to reach to trigger conditions   // MaxAE needs to be set to 0 when opening a position   if longonmarket then if close < positionprice then LossNow = abs(close - positionprice) MaxAE = MAX(MaxAE,LossNow) if MaxAE > MaxAEPermitted then c1 = LossNow < MaxAE*PercentofMAE c2 = Momentum[12](close) < MinimumMomentum if  c1 and c2  then sell at market endif endif endif elsif shortonmarket then if close > positionprice then // ... endif endif

   

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  Nicolas, Juan Salas, GraHal

  

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  01/23/2018 at 10:39 PM #60353
  GraHal

  Hi AS, nice one! great to see you back!

  Many thanks, looks good!

  I’ll let you know how it goes.

  Cheers
  GraHal

  

  GraHal

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