Increase position when trailing stop loss moves

• 01/23/2023 at 9:48 PM #208025
  Mopefish

  Hi All

  I am reaching out for some help on coding, I want to find a way of doubling down on my position when the trailing stop loss is greater than open.

  I had a go at using pips, ie when market price is X pips above entry then open new position, but not had much luck getting this to work.

  Ideally I want the Stop loss to drive the entry and possibly be able to add a further condition.

  ie

  When my TSL is greater than market entry price by X then open new market position.

  Max positions 2

   

  thanks for your help.

   

  Tom

   

   

  

  Mopefish

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  01/24/2023 at 10:04 AM #208047
  robertogozzi

  That’s an example:

  DEFPARAM CumulateOrders = true // . // . this is where your code is (no matter how many lines it takes) // . IF PositionPerf > 0 THEN BUY 1 CONTRACT AT MARKET //or SELLSHORT 1 CONTRACT AT MARKET ENDIF // . // . you can write additional code here // .

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  DEFPARAM CumulateOrders = true // . // .         this is where your code is (no matter how many lines it takes) // . IF PositionPerf > 0 THEN    BUY 1 CONTRACT AT MARKET   //or SELLSHORT 1 CONTRACT AT MARKET ENDIF // . // .         you can write additional code here // .

  you may want to add some limit to the number of additional contracts to be traded (3 in this example):

  IF (PositionPerf > 0) AND (abs(CountOfPosition) < 3) THEN

  1	IF (PositionPerf > 0) AND (abs(CountOfPosition) < 3) THEN

   

   

   

  

  robertogozzi

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