Cumulate orders and stops & targets

Seb · Tue, 06 Feb 2018 14:29:31 +0000

Hi all, I have a question related to the placement of stops and targets when a strategy cumulates positions. Here is a simple code: // Definition of code parameters DEFPARAM CumulateOrders = True // Cumulating positions activated // Conditions to enter long positions indicator1 = RSI[2](close) c1 = (indicator1 CROSSES UNDER 5) if barindex - tradeindex = 0 then SL = lowest[5](low) TGT = 6*(tradeprice-SL) endif IF c1 THEN BUY 1 CONTRACT AT high+1 stop set target profit TGT ENDIF IF longonmarket THEN sell at SL stop ENDIF With this code, every time a position is added to an existing position, it changes the previously set target and stop of the previous position. Anybody an idea how you can add a stop and target to an “add” position, without messing with the previous position its stop and target?

This topic has 34 replies, 2 voices, and was last updated 7 months ago by GraHal.

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03/24/2019 at 7:15 PM #94563

Nicolas

@warren78, make your own average of all open positions and set the target profit as a limit order.

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03/25/2019 at 10:42 AM #94609

warren78

Thanks Nicolas,

tell me if I’m wrong but in this case the order will be executed not as soon as the value is reached but after the closing of the candle

which means that the difference could be quite significant. Is this correct ?

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03/25/2019 at 10:44 AM #94610

Nicolas

If you put a pending LIMIT order, it will be triggered at any time the price reach that level. It is not controlled by code anymore, but by the orders book of the broker.

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thomas_price

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04/27/2024 at 1:07 AM #231976

Finning

Hi there, just a quick question with cumulateorders=true.

Sorry I have tried to read a couple of posts, and I just couldn’t find what I was looking for.

So, on IG (for now – BRING IB TO AUS PLEASE!!!)

My minimum stop distance has been set for the market at 4 points by the broker.

I have 3 positions:

#1st position, long @ 4000

#2nd position, long @ 4020

#3rd position, long @ 4040

I have all 3 long positions in the market.

Does each individual position have a minimum stop distance of 4? So, trade #1 @ 3996, trade #2 @ 4016, trade #3 @ 4036?

Or when the 2nd position goes on, it goes off the average of both positions and -4 from that, so the minimum stop distance goes to 4002? 4012 if there were 3 trades on?

Many thanks,

Finning

Or

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04/27/2024 at 8:45 AM #231979

GraHal

Finning wrote:

Does each individual position have a minimum stop distance of 4?

Yes to above.

The min distance problem is a lot better now if we tick the box ‘adjust stops’ when we start an Algo in ProOrder.

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robertogozzi

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Cumulate orders and stops & targets

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