Increase position based on equity drawdown

• 04/18/2020 at 6:52 PM #126777
  Vonasi

  I don’t have my platform open at the moment.

  A 5 second time frame does not give you many candles. Has price actually dropped 0.5% from your trade?

  Add this to the bottom of your code.

  drop = 0 if onmarket and low < positionprice then drop = 100-(low/positionprice)*100 endif graph -drop

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  drop = 0 if onmarket and low < positionprice then drop = 100-(low/positionprice)*100 endif graph -drop

   

   

  

  Vonasi

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  04/18/2020 at 7:29 PM #126786
  MAKSIDE

  @swedshare, it”s too bad to open another topic on this strategy which is already in another topic, it’s my point of view.  Why do not share in the same ?

  

  MAKSIDE

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  04/18/2020 at 8:04 PM #126790
  Vonasi

  MAKSIDE wrote:

  it”s too bad to open another topic on this strategy which is already in another topic

  Swedshare and I have been discussing how to code for averaging down and not a strategy so I don’t see any problem with this topic or any problem of conflict with another topic. I imagine that once Swedshare has managed to achieve and test what he is trying to do then if the results are worthwhile he will share them on whichever strategy topic it is that you are referring to.

  

  Vonasi

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  04/18/2020 at 8:10 PM #126791
  swedshare

  Hi @MAKSIDE,

  As Vonasi said, this topic is not about any particular strategy. It was just an example in the ITF-file. This topic was opened several weeks ago and the possible code created here could be included in any strategy.

  

  swedshare

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  04/18/2020 at 8:40 PM #126794
  MAKSIDE

  Hi swedshare

  yes opened several weeks ago, it’s just i saw that you used the same code of my strategy in topic concerning candles… hence my question

  

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  04/18/2020 at 9:06 PM #126799
  swedshare

  Vonasi, that last piece of code didn’t change anything either. But I honestly think I should spend more time focusing on good entry signals and less time being greedy and trying to fix bad positions 🙂

  

  swedshare

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  04/18/2020 at 9:24 PM #126811
  Vonasi

  swedshare wrote:

  I should spend more time focusing on good entry signals and less time being greedy and trying to fix bad positions

  Yes averaging down or to give it its other name ‘catching a falling knife’ can get quite painful. If you have a very big bank account then it can be a very good way to make a little bit of money – but then if you have a very big bank account you don’t need to risk it all to make a little bit of money and even if you have a very big bank account one day the markets will most likely prove that it was not big enough!

  That last bit of code was just so that you could see if the market had moved enough to open a trade. The other thing to try is to reduce the % drop required till it does open extra trades just to prove it works..

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  swedshare

  

  Vonasi

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