partial close when price moves against position

• 11/04/2024 at 9:24 PM #239957
  Vicke1990

  Hi Coders and traders,

  I’m looking for a code that can do a partial close when price moves against my current position of 10 pips/ points,

  Right now, i’m using this code:

  // --- Additional Variables and Logic --- Savingstop = 10 if not onmarket then AllowPartialCloseNegative = 0 PartialCloseNegativeDone = 0 // Återställ flaggan för partiell stängning vid negativ rörelse minPriceNegative = 0 // Återställ för långa positioner vid negativ rörelse maxPriceNegative = 0 // Återställ för korta positioner vid negativ rörelse positionSizeNegative = 0 // Återställ positionsstorlek för negativ rörelse // Återställ även andra variabler om det behövs endif //## -- FUNKTION FÖR PARTIELL STÄNGNING VID OGYNNSAM RÖRELSE -- ## //## - KÖPORDRAR if longonmarket then // Vid nytt inträde, initiera variabler if not longonmarket[1] then minPriceNegative = close positionSizeNegative = size // Sätt positionsstorleken till initial storlek PartialCloseNegativeDone = 0 // Säkerställ att vi kan göra en partiell stängning endif // Uppdatera minPriceNegative till lägsta pris sedan inträdet minPriceNegative = min(minPriceNegative, close) // Trigger för att börja övervaka för en partiell stängning när priset går emot positionen if (tradeprice - minPriceNegative >= Savingstop * pointsize) and (PartialCloseNegativeDone = 0) then AllowPartialCloseNegative = 1 endif if AllowPartialCloseNegative then if positionSizeNegative >= size then contractsToCloseNegative = max(mincontracts, size / 2) sell contractsToCloseNegative contracts at market SET STOP LOSS PrimaryStopLevel AllowPartialCloseNegative = 0 PartialCloseNegativeDone = 1 positionSizeNegative = positionSizeNegative - contractsToCloseNegative minPriceNegative = close endif endif endif //## - SÄLJ KORTA ORDER if shortonmarket then if not shortonmarket[1] then maxPriceNegative = close positionSizeNegative = size PartialCloseNegativeDone = 0 endif maxPriceNegative = max(maxPriceNegative, close) if (maxPriceNegative - tradeprice >= Savingstop * pointsize) and (PartialCloseNegativeDone = 0) then AllowPartialCloseNegative = 1 endif

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  // --- Additional Variables and Logic --- Savingstop = 10   if not onmarket then     AllowPartialCloseNegative = 0     PartialCloseNegativeDone = 0  // Återställ flaggan för partiell stängning vid negativ rörelse     minPriceNegative = 0          // Återställ för långa positioner vid negativ rörelse     maxPriceNegative = 0          // Återställ för korta positioner vid negativ rörelse     positionSizeNegative = 0      // Återställ positionsstorlek för negativ rörelse     // Återställ även andra variabler om det behövs endif   //## -- FUNKTION FÖR PARTIELL STÄNGNING VID OGYNNSAM RÖRELSE -- ##   //## - KÖPORDRAR if longonmarket then     // Vid nytt inträde, initiera variabler     if not longonmarket[1] then         minPriceNegative = close         positionSizeNegative = size  // Sätt positionsstorleken till initial storlek         PartialCloseNegativeDone = 0 // Säkerställ att vi kan göra en partiell stängning     endif       // Uppdatera minPriceNegative till lägsta pris sedan inträdet     minPriceNegative = min(minPriceNegative, close)       // Trigger för att börja övervaka för en partiell stängning när priset går emot positionen     if (tradeprice - minPriceNegative >= Savingstop * pointsize) and (PartialCloseNegativeDone = 0) then         AllowPartialCloseNegative = 1     endif       if AllowPartialCloseNegative then         if positionSizeNegative >= size then             contractsToCloseNegative = max(mincontracts, size / 2)             sell contractsToCloseNegative contracts at market             SET STOP LOSS PrimaryStopLevel             AllowPartialCloseNegative = 0             PartialCloseNegativeDone = 1             positionSizeNegative = positionSizeNegative - contractsToCloseNegative             minPriceNegative = close         endif     endif endif   //## - SÄLJ KORTA ORDER if shortonmarket then     if not shortonmarket[1] then         maxPriceNegative = close         positionSizeNegative = size         PartialCloseNegativeDone = 0     endif       maxPriceNegative = max(maxPriceNegative, close)       if (maxPriceNegative - tradeprice >= Savingstop * pointsize) and (PartialCloseNegativeDone = 0) then         AllowPartialCloseNegative = 1     endif

  The code above works when it’s almost by itself, but I want to combine it with a partial close when price mnoves with my position, and then the code above stops working.

  I want, when the price moves against my position by 10 points, I want half of my position to be sold, the rest of the position to be sold at my “Primarystop”, My primarystop works as my SL, 20 points away from my entry price.

  Anyone who can/ want to help me?

  Thank you 🙂

  

  Vicke1990

  Participant

  Topics: 8

  Replies: 12

  Been thanked: 4 times
  11/05/2024 at 10:08 AM #239964
  Iván

  Hi! take a look this code. Maybe is what you are looking for.

  ss=10 sl=20 DistancePartialStop=ss*pipvalue n=6 avg1=average[10](close) avg2=average[50](close) if avg1 crosses over avg2 then buy n contract at market endif if longonmarket then if not longonmarket[1] then PrimaryStop=tradeprice-sl*pipvalue PartialStop=close-DistancePartialStop partial=0 a1=255 a2=255 endif if (close-PartialStop)>DistancePartialStop then PartialStop=close-DistancePartialStop endif if longonmarket[1] and partial=0 and close < PartialStop[1] then sell COUNTOFLONGSHARES*0.5 contracts at market partial=1 a1=0 endif endif if not onmarket then a1=0 a2=0 endif set stop ploss sl set target pprofit 5*sl graphonprice PartialStop coloured(0,0,255,a1) graphonprice primaryStop coloured(255,0,0,a2)

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  ss=10 sl=20 DistancePartialStop=ss*pipvalue   n=6   avg1=average[10](close) avg2=average[50](close)   if avg1 crosses over avg2 then buy n contract at market endif   if longonmarket then   if not longonmarket[1] then PrimaryStop=tradeprice-sl*pipvalue PartialStop=close-DistancePartialStop partial=0 a1=255 a2=255 endif   if (close-PartialStop)>DistancePartialStop then PartialStop=close-DistancePartialStop endif   if longonmarket[1] and partial=0 and close < PartialStop[1] then sell COUNTOFLONGSHARES*0.5 contracts at market partial=1 a1=0 endif endif   if not onmarket then a1=0 a2=0 endif   set stop ploss sl set target pprofit 5*sl   graphonprice PartialStop coloured(0,0,255,a1) graphonprice primaryStop coloured(255,0,0,a2)

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  danskfilou

  

  Iván

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  11/06/2024 at 9:12 AM #240018
  Vicke1990

  Hi Ivan,

  thank you for your code, I cant get it to work however. I have a multi timeframe system, where I initially buy size = 2 contracts, and if price moves opposite way of my position I want half of my contracts = 1 to be sold, the rest to keep all other kinds of exits, including the primarystop at 20 points. the other part of the position is connected to a MFE exit.

  Would it be possible for you to write the code with 2 inital contracts and then the rest of your code? So I can copy paste?

  Im using this code for partial close when price is moving the correct way:

  defparam cumulateorders=false // --- Partial Close settings --- size = 10 mincontracts = 1 trigger = 20 pointback = 5 closepercent = 20 // ------------------------------ timeframe(15 minutes,updateonclose) st = Supertrend[3,10] if not longonmarket and close crosses over st then buy size contracts at market set stop ploss 15 endif if not shortonmarket and close crosses under st then sellshort size contracts at market set stop ploss 15 endif timeframe(3 minute) if not onmarket then AllowPartialClose=0 endif //## -- PARTIAL CLOSE PRICE BACK FUNCTION -- ## //## - BUY ORDERS if longonmarket then //trigger for the partial closure function to start if close-tradeprice>=trigger*pointsize then AllowPartialClose = 1 endif if AllowPartialClose then //compute the maxprice reached maxprice = max(maxprice,close) //check to trigger a partial closure or not if maxprice-close>=pointback*pointsize then //close partially sell max(mincontracts,size*(closepercent/100)) contracts at market //reset the maxprice to the current price maxprice = close endif endif endif //## - SELLSHORT ORDERS if shortonmarket then //trigger for the partial closure function to start if tradeprice-close>=trigger*pointsize then AllowPartialClose = 1 endif if AllowPartialClose then //compute the maxprice reached minprice = min(minprice,close) //check to trigger a partial closure or not if close-minprice>=pointback*pointsize then //close partially exitshort max(mincontracts,size*(closepercent/100)) contracts at market //reset the maxprice to the current price minprice = close endif endif endif graph st coloured(200,100,200) as "Supertrend" graph Close

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  defparam cumulateorders=false // --- Partial Close settings --- size = 10 mincontracts = 1 trigger = 20 pointback = 5 closepercent = 20 // ------------------------------ timeframe(15 minutes,updateonclose) st = Supertrend[3,10] if not longonmarket and close crosses over st then buy size contracts at market set stop ploss 15 endif if not shortonmarket and close crosses under st then sellshort size contracts at market set stop ploss 15 endif timeframe(3 minute) if not onmarket then AllowPartialClose=0 endif //## -- PARTIAL CLOSE PRICE BACK FUNCTION -- ## //## - BUY ORDERS if longonmarket then //trigger for the partial closure function to start if close-tradeprice>=trigger*pointsize then   AllowPartialClose = 1 endif if AllowPartialClose then   //compute the maxprice reached   maxprice = max(maxprice,close)   //check to trigger a partial closure or not   if maxprice-close>=pointback*pointsize then    //close partially    sell max(mincontracts,size*(closepercent/100)) contracts at market    //reset the maxprice to the current price    maxprice = close   endif endif endif //## - SELLSHORT ORDERS if shortonmarket then //trigger for the partial closure function to start if tradeprice-close>=trigger*pointsize then   AllowPartialClose = 1 endif if AllowPartialClose then   //compute the maxprice reached   minprice = min(minprice,close)   //check to trigger a partial closure or not   if close-minprice>=pointback*pointsize then    //close partially    exitshort max(mincontracts,size*(closepercent/100)) contracts at market    //reset the maxprice to the current price    minprice = close   endif endif endif graph st coloured(200,100,200) as "Supertrend" graph Close

  thank you again 🙂

  

  Vicke1990

  Participant

  Topics: 8

  Replies: 12

  Been thanked: 4 times
  11/06/2024 at 9:28 AM #240021
  Vicke1990

  If I just copy-paste the code you provided, this is my result 🙁

  

  Vicke1990

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  Replies: 12

  Been thanked: 4 times
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