Short code works, long code not

• 01/18/2024 at 1:56 PM #226507
  upupandaway

  Hi! I was wondering if anyone could help me whith this code.

  I have tested the code below on a timeperiod where
  ‘Entertrade’ and ‘Cantrade = 1’ are met at the beginning of the timeperiod,
  resulting in one trade (and I have set DEFPARAM CumulateOrders = True).

  // Trading condition with trade check
  IF not shortonmarket and EnterTrade AND CanTrade = 1 THEN
  SELLSHORT 1 CONTRACT AT MARKET
  AveragingCount = 0
  ENDIF

  Yet when I try this (starting with the same code, and adding my averaging down logic)
  no trades happen during the same period.

  // Trading condition with trade check
  IF not shortonmarket and EnterTrade AND CanTrade = 1 THEN
  SELLSHORT 1 CONTRACT AT MARKET
  AveragingCount = 0
  ENDIF

  // Averaging Down Logic
  IF shortonmarket AND AveragingCount = 0 AND positionprice <= (tradeprice * 0.99867) THEN
  SELLSHORT 1 CONTRACT AT MARKET
  AveragingCount = 1
  ENDIF

  // Take Profit Logic for Accumulated Position
  IF positionprice >= (tradeprice * 1.00088) THEN
  EXITSHORT AT MARKET
  ENDIF

  What could be wrong? I’m using IG as booker, if that has any impact.

  Best regards

  

  upupandaway

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  01/18/2024 at 2:15 PM #226509
  GraHal

  I guess above is not your full code as Topic title mentions Longs and posted code does not mention Longs.

  Anyway try putting below after Defparam statements at top of your code

  Once AveragingCount = 0

  1	Once AveragingCount = 0

   

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  GraHal

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  01/18/2024 at 3:49 PM #226520
  upupandaway

  Thank you for your quick response. I realize now that my title is confusing. I meant that the beginning of the code works, while the full code does not.

  I will try adding ‘once’ to the code.

   

  Best regards,

  

  upupandaway

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  01/18/2024 at 4:03 PM #226521
  upupandaway

  Adding ‘once’ made no difference. And also, I don’t see why I should add it. If the strategy enters a trade, notes that zero averaging downs has happened, and then averages down when the conditions for averaging down are met, and then exits the trade when the conditions for exiting the trade are met, it should be able to start over again when the strategy’s conditions for entering a trade are met anew, and start counting instances of averaging down again. Or am I missing something?

  

  upupandaway

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  01/18/2024 at 4:36 PM #226529
  robertogozzi

  Because

  positionprice <= (tradeprice * 0.99867)

  1	positionprice <= (tradeprice * 0.99867)

  wll NEVER be true, because positionprice and tradeprice are EQUAL.

  They will only be different AFTER at least an additional position opens, which will never happen, though.

  This snippet will work:

  DEFPARAM CumulateOrders = True Entertrade = 1 Cantrade = 1 // Trading condition with trade check IF not shortonmarket and EnterTrade AND CanTrade THEN SELLSHORT 1 CONTRACT AT MARKET AveragingCount = 0 ENDIF // Averaging Down Logic IF shortonmarket AND AveragingCount = 0 AND close <= (PositionPrice * 0.99867) THEN SELLSHORT 1 CONTRACT AT MARKET AveragingCount = 1 ENDIF // Take Profit Logic for Accumulated Position IF OnMarket AND (close >= (positionprice * 1.00088)) THEN EXITSHORT AT MARKET ENDIF graphonprice PositionPrice coloured("Blue") graphonprice TradePrice coloured("Red")

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22

  DEFPARAM CumulateOrders = True Entertrade = 1 Cantrade = 1   // Trading condition with trade check IF not shortonmarket and EnterTrade AND CanTrade THEN SELLSHORT 1 CONTRACT AT MARKET AveragingCount = 0 ENDIF   // Averaging Down Logic IF shortonmarket AND AveragingCount = 0 AND close <= (PositionPrice * 0.99867) THEN SELLSHORT 1 CONTRACT AT MARKET AveragingCount = 1 ENDIF   // Take Profit Logic for Accumulated Position IF OnMarket AND (close >= (positionprice * 1.00088)) THEN EXITSHORT AT MARKET ENDIF graphonprice PositionPrice coloured("Blue") graphonprice TradePrice    coloured("Red")

   

   

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  robertogozzi

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  01/19/2024 at 12:02 PM #226578
  upupandaway

  Thank you for your sollution. Yes, that works. However, I want the strategy to act as soon as the level is triggered, not wait until the bar is closed.

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  upupandaway

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