Increase position size x % after winning trade

• 05/21/2020 at 10:13 PM #132718
  clemnet

  Hi all newbie looking for some help as am learning the ProOrder ropes.

  I have read the manual and have some very simple code tested and working  –

  // Conditions to enter long positions c1 = (RSIind < 30)//RSI upward momentum // Conditions to enter long positions IF NOT LongOnMarket AND c1 THEN BUY 1 CONTRACTS AT MARKET Set target pprofit TP SET STOP pLOSS SL ENDIF TP =30 SL =100

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  // Conditions to enter long positions c1 = (RSIind < 30)//RSI upward momentum   // Conditions to enter long positions IF NOT LongOnMarket AND c1 THEN BUY 1 CONTRACTS AT MARKET Set target pprofit TP SET STOP pLOSS SL ENDIF   TP =30 SL =100

  I am trying to work out how to increase the position size but only after a winning trade – I want to increase it by 20% i.e x 1.2

  So if trade at 1 pp hits profit target and closes, the next position is at 1.2 pp, then 1.44, then 1.73 and so on. Position size to stay the same after a losing trade has closed.

  I had a look at martingales etc and tried to reverse that, but cannot work it out. Any ideas?!

  Thanks

  

  clemnet

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  05/21/2020 at 11:42 PM #132724
  clemnet

  I have been thinking about this a bit more and think I can explain it better, by removing IF NOT LongOnMarket – i.e I want the position to open whether I am long or not.

  I want to open the position size 1 when RSI < 30. If next candle is still <33 another position opens sized 1, and again sized 1 etc until either RSI > 30 or target profit hit (+30), or stop hit (-100).

  So if three candles are RSI < 30 I will have a total position size of for example 3 @ 98, but entry point might be 1 @ 99, 1 @ 98, 1 @ 97.

  What I am trying to achieve is

  • have the target and stop + 30 & – 100 from 98, rather than 99, 98 and 97.
  • If RSI rises above 30, and positions are open and then RSI reaches < 30 I want the new positions to open at the same size the sequence started – i.e in this case 1
  • If positions are closed in winning trade, next open position I want to be 20% higher = i.e 1.2, and that sequence to continue.
  • If positions are closed in losing trade, next open position I want to be the same size as the the start of the sequence that was the losing trade.

  Does that make sense, and if so is it possible?

  Thanks!

  

  clemnet

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  05/22/2020 at 12:48 AM #132733
  robertogozzi

  Code from your first post:

  ONCE LotSize = 1 ONCE PereCent = 1.2 ONCE TP = 30 ONCE SL = 100 IF StrategyProfit > StrategyProfit[1] THEN LotSize = LotSize * PerCent ENDIF // Conditions to enter long positions c1 = (RSIind < 30) //RSI upward momentum // Conditions to enter long positions IF NOT LongOnMarket AND c1 THEN BUY LotSize CONTRACTS AT MARKET Set target pprofit TP SET STOP pLOSS SL ENDIF

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  ONCE LotSize  = 1 ONCE PereCent = 1.2 ONCE TP       = 30 ONCE SL       = 100 IF StrategyProfit > StrategyProfit[1] THEN    LotSize = LotSize * PerCent ENDIF // Conditions to enter long positions c1 = (RSIind < 30)       //RSI upward momentum // Conditions to enter long positions IF NOT LongOnMarket AND c1 THEN    BUY LotSize CONTRACTS AT MARKET    Set target pprofit TP    SET STOP   pLOSS   SL ENDIF

   

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  clemnet

  

  robertogozzi

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  05/22/2020 at 7:30 AM #132743
  clemnet

  Hi thanks, but could not get that to work. Noticed the ‘perecent’ typo, and corrected it. Code is accepted but when I test it, it seems like it opens a position but never shuts it. Results re trades are N/A

  Strategy profit pointer is helpful thanks, I will have a closer look at the manual re that.

  

  clemnet

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  05/22/2020 at 7:37 AM #132745
  clemnet

  I think Strategy Profit only the profit of the system overall? I am trying to increase position size if previous trade was profitable.

  

  clemnet

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  05/22/2020 at 7:47 AM #132746
  GraHal

  clemnet wrote:

  I am trying to increase position size if previous trade was profitable.

  You need to use PositionPerf(n) where n = 0 if no current open positions or n = 1 if there is a position open and you want the performance of the previous trade.

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  clemnet

  

  GraHal

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  05/22/2020 at 9:23 AM #132768
  robertogozzi

  It never exits until you tell it to properly. This would be fine on Dax, Sp500 or the like, where pips are 1:1 with price, it’ll not work on fx pairs where that ratio is 10000:1.

  Aleays use PipSize to multiply values at lines 3-4.

  STRATEGYPROFIT is what you need, it returns the whole strategy report, when a trade is closed, comparing the current value against the previous one will tell you if any trade has been closed and if it was profitable or not.

  POSITIONPERF only returns, in percentage, not money, the status of a current position, which can be profitable at times but could be losing in the end.

  

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  05/22/2020 at 9:40 AM #132773
  clemnet

  Apologies, should have specified I am testing with Spot Gold.

  

  clemnet

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  12/25/2020 at 8:47 AM #155178
  s00071609

  Once TradeON = 1 Once count1 = 0 If IntraDayBarIndex = 0 then TradeON = 1 Count1 = 0 Endif If StrategyProfit < StrategyProfit[1] then Count1 = Count1 + 1 positionsize=positionsize * 0.5 Elsif StrategyProfit > StrategyProfit[1] then positionsize=positionsize*1.25 Count1 = 0 Endif If Count1 >= 5 then TradeON = 0 Endif IF NOT SHORTONMARKET And Entry and tradeon and (gobuy or (gobuy[1] )) THEN BUY Positionsize CONTRACT AT MARKET set stop Loss sl //set target $profit 50 ENDIF

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  Once TradeON = 1 Once count1   = 0 If IntraDayBarIndex = 0 then TradeON = 1 Count1   = 0 Endif If StrategyProfit < StrategyProfit[1] then Count1 = Count1 + 1 positionsize=positionsize * 0.5 Elsif StrategyProfit > StrategyProfit[1] then positionsize=positionsize*1.25 Count1 = 0 Endif If Count1 >= 5 then TradeON = 0 Endif             IF  NOT SHORTONMARKET And Entry and tradeon and (gobuy or (gobuy[1] ))  THEN   BUY Positionsize CONTRACT AT MARKET set stop Loss sl //set target $profit 50   ENDIF

  I was trying to limit trading for the day once 5 consequetive losses are hit. Also trying to reduce position size if previous trade lost and increase it when previous trade won. This code does not seem to be doing anything. My cumulative order is true. Any help would be great

  

  s00071609

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  12/25/2020 at 9:24 AM #155179
  robertogozzi

  I am not able to test it now, but code seems logically correct.

  What does “This code does not seem to be doing anything” mean? Doesn’t it open any trade? Doesn’t it increase/decrease position size?  Doesn’t it stop trading after 5 consecutive losses?

   

   

  

  robertogozzi

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  12/25/2020 at 9:37 AM #155180
  Vonasi

  You don’t declare the starting value of positionsize so it is buying zero contracts.

  

  Vonasi

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  12/25/2020 at 11:38 AM #155183
  s00071609

  equity = Capital + StrategyProfit maxrisk = round(equity*Risk) PositionSize = abs(((maxrisk/SL)/PointValue)*pipsize) if tradeprice(1+n)>0 then n=n+1 endif

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  equity = Capital + StrategyProfit maxrisk = round(equity*Risk) PositionSize = abs(((maxrisk/SL)/PointValue)*pipsize)   if tradeprice(1+n)>0 then n=n+1 endif

  The above code is calculating the positionsize.

  Its not doing anything means, with or without code the result is same. Its neither increasing or decreasing size . The TradeOn part to not trade after few losses does not do anything as well

  

  s00071609

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  12/26/2020 at 1:07 AM #155215
  robertogozzi

  The issue is at line 9, as you halve PositionSize, it will become less than the minimum size required, change it to:

  positionsize=max(0.5,positionsize * 0.5) //Min. size=0.5 or greater

  1	positionsize=max(0.5,positionsize * 0.5)  //Min. size=0.5 or greater

   

  

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