Position Indicator

• 12/19/2020 at 2:06 PM #154421
  Crillezz

  Hello! I need help building an indicator.

  I have an algo that can take three positions at different levels. The indicator should show how many positions it has taken.
  I am sending a picture of what the indicator should look like.
  Also sends a simple code we can start from.
  The idea is to be able to use this indicator for another algo that will hedge this position. I can make the indicator so that it shows the positions but not that it goes down to zero when algo closes the position

  // Definition of code parameters DEFPARAM CumulateOrders = True // Cumulating positions deactivated // Conditions to enter long positions indicator1 = RSI[14](close) c1 = (indicator1 < 12) IF not longonmarket and c1 THEN BUY 1 CONTRACT AT MARKET ENDIF IF longonmarket AND COUNTOFPOSITION=1 and close - tradeprice < -100*pointsize then Buy 1 CONTRACT AT MARKET endif IF longonmarket AND COUNTOFPOSITION=2 and close - tradeprice < 150*pointsize then Buy 1 CONTRACT AT MARKET endif //Take profit floatingprofit = (((close-positionprice)*pointvalue)*countofposition)/pipsize //actual trade gains If LONGONMARKET and floatingprofit>20 then sell at market endif

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  // Definition of code parameters DEFPARAM CumulateOrders = True // Cumulating positions deactivated   // Conditions to enter long positions indicator1 = RSI[14](close) c1 = (indicator1 < 12)   IF not longonmarket and c1 THEN BUY 1 CONTRACT AT MARKET ENDIF   IF longonmarket AND COUNTOFPOSITION=1 and close - tradeprice < -100*pointsize then Buy 1 CONTRACT AT MARKET endif   IF longonmarket AND COUNTOFPOSITION=2 and close - tradeprice < 150*pointsize then Buy 1 CONTRACT AT MARKET endif //Take profit floatingprofit = (((close-positionprice)*pointvalue)*countofposition)/pipsize //actual trade gains If LONGONMARKET and floatingprofit>20 then sell at market endif

   

  

  Crillezz

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  12/19/2020 at 2:43 PM #154424
  robertogozzi

  • Always use the ‘Insert PRT Code’ button when putting code in your posts to make it easier for others to read.
  • Do not double post. Ask your question only once and only in one forum. All double posts will be deleted anyway so posting the same question multiple times will just be wasting your own time and will not get you an answer any quicker. Double posting just creates confusion in the forums

   

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  Crillezz

  

  robertogozzi

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  12/19/2020 at 2:58 PM #154426
  Crillezz

  Sorry. That was not the intention. I messed up.

  Now I see the insert code button 🙂

  

  Crillezz

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  12/19/2020 at 4:05 PM #154433
  Crillezz

  // Definition of code parameters DEFPARAM CumulateOrders = True // Cumulating positions deactivated // Conditions to enter long positions indicator1 = RSI[14](close) c1 = (indicator1 < 30) IF not longonmarket and c1 THEN BUY 1 CONTRACT AT MARKET ENDIF IF longonmarket AND COUNTOFPOSITION=1 and close - tradeprice < -100*pointsize then Buy 1 CONTRACT AT MARKET endif IF longonmarket AND COUNTOFPOSITION=2 and close - tradeprice < 150*pointsize then Buy 1 CONTRACT AT MARKET endif set stop loss 130 //Take profit floatingprofit = (((close-positionprice)*pointvalue)*countofposition)/pipsize //actual trade gains If LONGONMARKET and floatingprofit>20 then sell at market endif

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  // Definition of code parameters DEFPARAM CumulateOrders = True // Cumulating positions deactivated   // Conditions to enter long positions indicator1 = RSI[14](close) c1 = (indicator1 < 30)     IF not longonmarket and c1 THEN BUY 1 CONTRACT AT MARKET ENDIF   IF longonmarket AND COUNTOFPOSITION=1 and close - tradeprice < -100*pointsize then Buy 1 CONTRACT AT MARKET endif   IF longonmarket AND COUNTOFPOSITION=2 and close - tradeprice < 150*pointsize then Buy 1 CONTRACT AT MARKET endif set stop loss 130     //Take profit floatingprofit = (((close-positionprice)*pointvalue)*countofposition)/pipsize //actual trade gains   If LONGONMARKET  and floatingprofit>20 then sell at market endif

   

  

  Crillezz

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  12/20/2020 at 10:31 AM #154545
  Vonasi

  Crillezz – Do not try to bump your own topic by quoting yourself. Can you imagine what a mess the forums would be if everyone did this?

  If you have not received a reply it is most likely because either other forum members don’t know the answer or other forum members don’t understand what you want.

  The forums are quieter at the weekends when markets are closed and people are away from their desks so some patience helps.

  I have deleted your post.

  

  Vonasi

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  12/20/2020 at 3:42 PM #154598
  Crillezz

  What a mess. I have tried to delete it but I can´t.

  The more I try to arrange, the more wrong it becomes.

  The first code was incorrect. So I tried to change it. I don´t find the edit button.

  I’ve never had that problem before

  

  Crillezz

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  12/20/2020 at 4:14 PM #154604
  Vonasi

  You have five minutes to edit your posts – after that time has passed the edit button is no longer available and only moderators can edit or delete your posts for you. If it is the first post in a topic then only Nicolas can delete it and that action deletes the entire topic.

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  Vonasi

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  01/03/2021 at 5:15 PM #156108
  Crillezz

  Can someone help me with that indicator please.

  

  Crillezz

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  01/05/2021 at 5:21 AM #156376
  robertogozzi

  I assume that your line 17 should read -150.

  There you go:

  IF BarIndex = 0 THEN MyPositionCount = 0 MyPositionPrice = 0 ENDIF indicator1 = RSI[14](close) c1 = (indicator1 < 12) IF MyPositionCount = 0 AND c1 THEN MyPositionCount = 1 MyPositionPrice = close ENDIF IF MyPositionCount = 1 and ((close - MyPositionPrice) < -100*pointsize) then MyPositionCount = MyPositionCount + 1 MyPositionPrice = (MyPositionPrice + close) / 2 endif IF MyPositionCount = 2 and ((close - MyPositionPrice) < -150*pointsize) then MyPositionCount = MyPositionCount + 1 MyPositionPrice = ((MyPositionPrice * (MyPositionCount - 1)) + close) / MyPositionCount endif IF (MyPositionPrice - close) >= 130 THEN //Stop Loss MyPositionCount = 0 MyPositionPrice = 0 ENDIF IF MyPositionCount THEN floatingprofit = (((close-MyPositionPrice)*pointvalue)*MyPositionCount)/pipsize If MyPositionCount > 0 and floatingprofit > 20 then MyPositionCount = 0 MyPositionPrice = 0 endif ENDIF RETURN MyPositionCount AS "MyPositionCount"

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  IF BarIndex = 0 THEN    MyPositionCount = 0    MyPositionPrice = 0 ENDIF   indicator1 = RSI[14](close) c1 = (indicator1 < 12) IF MyPositionCount = 0 AND c1 THEN    MyPositionCount = 1    MyPositionPrice = close ENDIF IF MyPositionCount = 1 and ((close - MyPositionPrice) < -100*pointsize) then    MyPositionCount = MyPositionCount + 1    MyPositionPrice = (MyPositionPrice + close) / 2 endif IF MyPositionCount = 2 and ((close - MyPositionPrice) < -150*pointsize) then    MyPositionCount = MyPositionCount + 1    MyPositionPrice = ((MyPositionPrice * (MyPositionCount - 1)) + close) / MyPositionCount endif   IF (MyPositionPrice - close) >= 130 THEN          //Stop Loss    MyPositionCount = 0    MyPositionPrice = 0 ENDIF   IF MyPositionCount THEN    floatingprofit = (((close-MyPositionPrice)*pointvalue)*MyPositionCount)/pipsize    If MyPositionCount > 0 and floatingprofit > 20 then       MyPositionCount = 0       MyPositionPrice = 0    endif ENDIF   RETURN MyPositionCount AS "MyPositionCount"

   

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  robertogozzi

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  01/15/2021 at 12:34 PM #157942
  Crillezz

  Thanks Roberto. Just what I was looking for. But I have a problem. When I have to do the same thing but with a short position, it increases the position when it is profitable. It should only increase the position in case of loss. And it never reaches floating profit. I do not manage to change the code in the opposite direction

  

  Crillezz

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  01/15/2021 at 12:43 PM #157943
  Crillezz

  MyPositionCount

  IF BarIndex = 0 THEN MyPositionCount = 0 MyPositionPrice = 0 ENDIF indicator1 = RSI[14](close) c1 = (indicator1 < 12) IF MyPositionCount = 0 AND c1 THEN MyPositionCount = 1 MyPositionPrice = close ENDIF IF MyPositionCount = 1 and ((close - MyPositionPrice) < -60*pointsize) then MyPositionCount = MyPositionCount + 1 MyPositionPrice = (MyPositionPrice + close) / 2 endif IF MyPositionCount = 2 and ((close - MyPositionPrice) < -90*pointsize) then MyPositionCount = MyPositionCount + 1 MyPositionPrice = ((MyPositionPrice * (MyPositionCount - 1)) + close) / MyPositionCount endif //////////Short indicator1 = RSI[14](close) c2 = (indicator1 > 88) IF MyPositionCount = 0 AND c2 THEN MyPositionCount = -1 MyPositionPrice1 = close ENDIF IF MyPositionCount = -1 and ((close + MyPositionPrice1) < -60*pointsize) then MyPositionCount = MyPositionCount - 1 MyPositionPrice1 = (MyPositionPrice1 + close) / 2 endif IF MyPositionCount = -2 and ((close + MyPositionPrice1) < -90*pointsize) then MyPositionCount = MyPositionCount - 1 MyPositionPrice1 = ((MyPositionPrice1 * (MyPositionCount - 1)) + close) / MyPositionCount endif IF (MyPositionPrice1 - close) >= 130 THEN //Stop Loss MyPositionCount = 0 MyPositionPrice1 = 0 ENDIF IF MyPositionCount THEN floatingprofit = (((close-MyPositionPrice)*pointvalue)*MyPositionCount)/pipsize If MyPositionCount > 0 and floatingprofit > 20 then MyPositionCount = 0 MyPositionPrice = 0 endif If MyPositionCount < 0 and floatingprofit > 20 then MyPositionCount = 0 MyPositionPrice = 0 endif ENDIF RETURN MyPositionCount AS "MyPositionCount"

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  IF BarIndex = 0 THEN MyPositionCount = 0 MyPositionPrice = 0 ENDIF indicator1 = RSI[14](close) c1 = (indicator1 < 12) IF MyPositionCount = 0 AND c1 THEN MyPositionCount = 1 MyPositionPrice = close ENDIF IF MyPositionCount = 1 and ((close - MyPositionPrice) < -60*pointsize) then MyPositionCount = MyPositionCount + 1 MyPositionPrice = (MyPositionPrice + close) / 2 endif IF MyPositionCount = 2 and ((close - MyPositionPrice) < -90*pointsize) then MyPositionCount = MyPositionCount + 1 MyPositionPrice = ((MyPositionPrice * (MyPositionCount - 1)) + close) / MyPositionCount endif         //////////Short indicator1 = RSI[14](close) c2 = (indicator1 > 88)     IF MyPositionCount = 0 AND c2 THEN MyPositionCount = -1 MyPositionPrice1 = close ENDIF   IF MyPositionCount = -1 and ((close + MyPositionPrice1) < -60*pointsize) then MyPositionCount = MyPositionCount - 1 MyPositionPrice1 = (MyPositionPrice1 + close) / 2 endif   IF MyPositionCount = -2 and ((close + MyPositionPrice1) < -90*pointsize) then MyPositionCount = MyPositionCount - 1 MyPositionPrice1 = ((MyPositionPrice1 * (MyPositionCount - 1)) + close) / MyPositionCount endif     IF (MyPositionPrice1 - close) >= 130 THEN          //Stop Loss MyPositionCount = 0 MyPositionPrice1 = 0 ENDIF     IF MyPositionCount THEN floatingprofit = (((close-MyPositionPrice)*pointvalue)*MyPositionCount)/pipsize If MyPositionCount > 0 and floatingprofit > 20 then MyPositionCount = 0 MyPositionPrice = 0 endif If MyPositionCount < 0 and floatingprofit > 20 then MyPositionCount = 0 MyPositionPrice = 0 endif ENDIF     RETURN MyPositionCount AS "MyPositionCount"

   

  

  Crillezz

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  01/15/2021 at 4:39 PM #157952
  robertogozzi

  Lines 40 and 45 should read:

  MyPositionPrice1 - close

  1	MyPositionPrice1 - close

  Just after line 58 (before line 59), insert:

  floatingprofit1 = (((MyPositionPrice1-close)*pointvalue)*abs(MyPositionCount))/pipsize

  1	floatingprofit1 = (((MyPositionPrice1-close)*pointvalue)*abs(MyPositionCount))/pipsize

  and at line 63 you should reference floatingprofit1.

   

  

  robertogozzi

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