Risk Management code + ATR stop loss

• 09/18/2018 at 10:13 PM #80825
  razalgo

  Guys

  Very new to all this but managed to come up with the below algo.

  Can anyone advise how do i change the below code  so it does the following points

  Risk Management  – Auto calculates £ per point based upon 10% risk to my capital account. e.g £10,000 capital would risk £1000.

  stop loss  = 1* ATR

  take profit = 5* ATR

  so if ATR is 10, the £ per point would  be £100 (stop loss  = 1* 10*£100 = £1000) which is my risk management strategy.

  // Conditions to enter long positions indicator1 = Average[90](close) c1 = (close[1] > indicator1[1]) indicator2 = MACDline[12,26,9](close) indicator3 = ExponentialAverage[9](indicator2) c2 = (indicator2[1] CROSSES OVER indicator3[1]) IF c1 AND c2 THEN BUY 100 PERPOINT AT MARKET ENDIF // Conditions to exit long positions indicator4 = MACDline[12,26,9](close) indicator5 = ExponentialAverage[9](indicator4) c3 = (indicator4[1] CROSSES UNDER indicator5[1]) IF c3 THEN SELL AT MARKET ENDIF // Conditions to enter short positions indicator6 = Average[90](close) c4 = (close[1] < indicator6[1]) indicator7 = MACDline[12,26,9](close) indicator8 = ExponentialAverage[9](indicator7) c5 = (indicator7[1] CROSSES UNDER indicator8[1]) IF c4 AND c5 THEN SELLSHORT 100 PERPOINT AT MARKET ENDIF // Conditions to exit short positions indicator9 = MACDline[12,26,9](close) indicator10 = ExponentialAverage[9](indicator9) c6 = (indicator9[1] CROSSES OVER indicator10[1]) IF c6 THEN EXITSHORT AT MARKET ENDIF // Stops and targets SET STOP pLOSS 50 SET TARGET pPROFIT 200

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  // Conditions to enter long positions   indicator1 = Average[90](close)   c1 = (close[1] > indicator1[1])   indicator2 = MACDline[12,26,9](close)   indicator3 = ExponentialAverage[9](indicator2)   c2 = (indicator2[1] CROSSES OVER indicator3[1])     IF c1 AND c2 THEN   BUY 100 PERPOINT AT MARKET   ENDIF     // Conditions to exit long positions   indicator4 = MACDline[12,26,9](close)   indicator5 = ExponentialAverage[9](indicator4)   c3 = (indicator4[1] CROSSES UNDER indicator5[1])     IF c3 THEN   SELL AT MARKET   ENDIF     // Conditions to enter short positions   indicator6 = Average[90](close)   c4 = (close[1] < indicator6[1])   indicator7 = MACDline[12,26,9](close)   indicator8 = ExponentialAverage[9](indicator7)   c5 = (indicator7[1] CROSSES UNDER indicator8[1])     IF c4 AND c5 THEN   SELLSHORT 100 PERPOINT AT MARKET   ENDIF     // Conditions to exit short positions   indicator9 = MACDline[12,26,9](close)   indicator10 = ExponentialAverage[9](indicator9)   c6 = (indicator9[1] CROSSES OVER indicator10[1])     IF c6 THEN   EXITSHORT AT MARKET   ENDIF     // Stops and targets   SET STOP pLOSS 50   SET TARGET pPROFIT 200

   

  

  razalgo

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  09/18/2018 at 10:42 PM #80826
  robertogozzi

  To write code, please use the <> “insert PRT code” button, to make code easier to understand. Thank you.

  

  robertogozzi

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  09/20/2018 at 9:24 PM #80993
  razalgo

  My first Algo

  / Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter long positions indicator1 = Average[90](close) c1 = (close[1] > indicator1[1]) indicator2 = MACDline[12,26,9](close) indicator3 = ExponentialAverage[9](indicator2) c2 = (indicator2[1] CROSSES OVER indicator3[1]) IF c1 AND c2 THEN BUY 100 PERPOINT AT MARKET ENDIF // Conditions to exit long positions indicator4 = MACDline[12,26,9](close) indicator5 = ExponentialAverage[9](indicator4) c3 = (indicator4[1] CROSSES UNDER indicator5[1]) IF c3 THEN SELL AT MARKET ENDIF // Conditions to enter short positions indicator6 = Average[90](close) c4 = (close[1] < indicator6[1]) indicator7 = MACDline[12,26,9](close) indicator8 = ExponentialAverage[9](indicator7) c5 = (indicator7[1] CROSSES UNDER indicator8[1]) IF c4 AND c5 THEN SELLSHORT 100 PERPOINT AT MARKET ENDIF // Conditions to exit short positions indicator9 = MACDline[12,26,9](close) indicator10 = ExponentialAverage[9](indicator9) c6 = (indicator9[1] CROSSES OVER indicator10[1]) IF c6 THEN EXITSHORT AT MARKET ENDIF // Stops and targets SET STOP pLOSS 50 SET TARGET pPROFIT 200

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46

  / Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Conditions to enter long positions indicator1 = Average[90](close) c1 = (close[1] > indicator1[1]) indicator2 = MACDline[12,26,9](close) indicator3 = ExponentialAverage[9](indicator2) c2 = (indicator2[1] CROSSES OVER indicator3[1])   IF c1 AND c2 THEN BUY 100 PERPOINT AT MARKET ENDIF   // Conditions to exit long positions indicator4 = MACDline[12,26,9](close) indicator5 = ExponentialAverage[9](indicator4) c3 = (indicator4[1] CROSSES UNDER indicator5[1])   IF c3 THEN SELL AT MARKET ENDIF   // Conditions to enter short positions indicator6 = Average[90](close) c4 = (close[1] < indicator6[1]) indicator7 = MACDline[12,26,9](close) indicator8 = ExponentialAverage[9](indicator7) c5 = (indicator7[1] CROSSES UNDER indicator8[1])   IF c4 AND c5 THEN SELLSHORT 100 PERPOINT AT MARKET ENDIF   // Conditions to exit short positions indicator9 = MACDline[12,26,9](close) indicator10 = ExponentialAverage[9](indicator9) c6 = (indicator9[1] CROSSES OVER indicator10[1])   IF c6 THEN EXITSHORT AT MARKET ENDIF   // Stops and targets SET STOP pLOSS 50 SET TARGET pPROFIT 200

   

  

  razalgo

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  09/20/2018 at 9:27 PM #80994
  razalgo

  Hi – I used the <>”insert PRT button”  –  thanks for advising that. much appreciated

  What needs to change so it automatically calculates the £ per point based upon my risk management strategy (10% risk loss of capital per trade) and max loss is 1* ATR and take profit at 5*ATR

   

  

  razalgo

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