Intraday Strategy Build

• 06/17/2018 at 8:28 PM #73528
  greatcapital

  Hi All,

  I’m approaching the ProBuilder to create my strategy but I’m totally lost now by reading all the threads…

  What I would like to build is a system that can operate on a daily basis ( so close all position at the end of the day) by checking the trend when the day starts and create order following the trend long or short and close the position in different steps with a trailing stop per position.

  Example:

  If the stock starts the day at  x% higher or lower vs previous bar send order (buy or sell) for 1000 at market then:

  • Sell 300 at limit with x% profit at primary order at market
  • sell 300 at limit with x% profit at the first 300 order sell
  • Sell 1000 with stop loss at x%

  I’m confused about the indicator to use and how to set up correctly the strategy.

  Thanks much for your help

  

  greatcapital

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  06/17/2018 at 11:19 PM #73533
  robertogozzi

  Closing partial positions is not supported, as of this version of ProOrder, Maybe in a future release.

  You can accumulate more contracts, but you can only close ALL of them at the same time.

  Also, Stop Loss and Target Profit are valid for ALL contracts, no matter if you bought/sold some at different prices.

   

  

  robertogozzi

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  06/18/2018 at 1:38 AM #73536
  greatcapital

  Thanks for your prompt reply. Effectively this is something possible with Tradestation where i’m coming from and i hope this could be implemented as well in PRT.

  So the question is: how can i set up the system to continue the performance even if it touched the first profit point? And then eventually to set up the stop loss at first target profit instead to the original one?

  the concept is to create a steps in profit followed by stops even with all q.ties.

  any advise about indicators?

  thanks much

  

  greatcapital

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  06/18/2018 at 7:14 AM #73537
  robertogozzi

  A possible workaround can be found in this recent post https://www.prorealcode.com/topic/dax-2-min-breakout-strategy-between-8-an-9-o-clock/#post-73531.

  You can change your Stop Loss making it trail price, whenever you want (at the closing of a candle). You may search for BREAKEVEN or TRAILING STOP to find code, in this forum, to add to your strategies to trail stops and eventually set breakeven.

  You may also want to search ATR for hints on how to set your stop loss according to this indicator.

   

  

  robertogozzi

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  06/18/2018 at 9:51 AM #73557
  Nicolas

  Closing part of position is yet to come but it will not be long until its official and public release.

  

  Nicolas

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  06/18/2018 at 1:40 PM #73576
  greatcapital

  ok thanks for the info. I will have a look at the code as well as the indicators.

   

  

  greatcapital

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