straddle strategy program help (beginner)

• 02/05/2025 at 11:20 AM #243474
  CameronLoseby21

  Hi there,

  I’m new to pro real time. I was wondering if anyone here could help point me in the right direction. I’ll keep it quick and concise out of respect for everyone’s time.

  I’m experimenting with a program that sets one straddle trade per session exactly at 9pm. It will set one buy order, 1 percent above market price and one sell order 1% below market price. When either one of these orders are triggered i want it to cancel the other order and set a trailing stop on the one that was triggered.

  1. I tried to create a work around by pushing one trigger far away when the other one was triggered. For example, if the buy order was triggered it would push the sell order far away. Is there a better way to this? Is there a way to cancel an order when the other order is reached?
  2. i Get this error code when i try to automate the program: Trading systems with orders that partially close a position cannot be sent to ProOrder. make sure no quantity is specified in instructions to close positions (in this case the instruction closes all the entire position.)”. I have no idea how to fix it 🙂

  Any info would be appreciated.

  My code:

  // Automated Trading System: Straddle Strategy (Friday 9:00PM)

  // Automated Trading System: Straddle Strategy (Friday 9:00PM) // Set trading parameters TradeSize = 1 // £1 per pip TrailingStopPips = 20 // Trailing stop in pips BuyOffset = 1.01 // 1% above current market price SellOffset = 0.99 // 1% below current market price SessionHour = 21 // 9:00 PM TrailingStopValue = TrailingStopPips * POINTVALUE // Variables to track order levels ONCE BuyPrice = 0 ONCE SellPrice = 0 // Ensure code only runs on Fridays IF DayOfWeek = 2 THEN // Check if current time is exactly 9:00 PM IF Hour = SessionHour AND Minute = 0 THEN // Check if no trades are open before placing orders IF NOT OnMarket THEN // Set Buy and Sell order levels BuyPrice = Close * BuyOffset SellPrice = Close * SellOffset // Place Buy and Sell pending orders BUY TradeSize CONTRACTS AT BuyPrice STOP SELL TradeSize CONTRACTS AT SellPrice STOP ENDIF ENDIF // Manage trailing stop and move untriggered order far away IF LONGONMARKET THEN // If a buy trade is open // Move the untriggered sell order far below the market SellPrice = Close * 0.5 // Set it at 50% below current price SELL TradeSize CONTRACTS AT SellPrice STOP SET STOP TRAILING (TrailingStopValue) ELSE IF SHORTONMARKET THEN // If a sell trade is open // Move the untriggered buy order far above the market BuyPrice = Close * 1.5 // Set it at 50% above current price BUY TradeSize CONTRACTS AT BuyPrice STOP SET STOP TRAILING (TrailingStopValue) ENDIF ENDIF ENDIF

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  // Automated Trading System: Straddle Strategy (Friday 9:00PM)   // Set trading parameters TradeSize = 1  // £1 per pip TrailingStopPips = 20  // Trailing stop in pips BuyOffset = 1.01  // 1% above current market price SellOffset = 0.99  // 1% below current market price SessionHour = 21  // 9:00 PM TrailingStopValue = TrailingStopPips * POINTVALUE   // Variables to track order levels ONCE BuyPrice = 0 ONCE SellPrice = 0   // Ensure code only runs on Fridays IF DayOfWeek = 2 THEN     // Check if current time is exactly 9:00 PM   IF Hour = SessionHour AND Minute = 0 THEN       // Check if no trades are open before placing orders     IF NOT OnMarket THEN       // Set Buy and Sell order levels       BuyPrice = Close * BuyOffset       SellPrice = Close * SellOffset         // Place Buy and Sell pending orders       BUY TradeSize CONTRACTS AT BuyPrice STOP       SELL TradeSize CONTRACTS AT SellPrice STOP     ENDIF     ENDIF     // Manage trailing stop and move untriggered order far away   IF LONGONMARKET THEN  // If a buy trade is open     // Move the untriggered sell order far below the market     SellPrice = Close * 0.5  // Set it at 50% below current price     SELL TradeSize CONTRACTS AT SellPrice STOP     SET STOP TRAILING (TrailingStopValue)   ELSE     IF SHORTONMARKET THEN  // If a sell trade is open       // Move the untriggered buy order far above the market       BuyPrice = Close * 1.5  // Set it at 50% above current price       BUY TradeSize CONTRACTS AT BuyPrice STOP       SET STOP TRAILING (TrailingStopValue)     ENDIF     ENDIF   ENDIF

   

   

  

  CameronLoseby21

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  02/05/2025 at 11:50 AM #243475
  robertogozzi

  There’s NO need to camcel an order, as all pending untriggered orders are camcelled at the end of each bar.

  So, in 1-minute TF, at 09:00 you will place two pending orders. at 09:01 ALL untriggered pending orders will be closed, be it both or just one of them. In the very unlikely case both orders are triggered on the same, the latter one will first close the one that was previously opened, no matter if it was gaining or losing (it’s a Stop & Reverse).

  Try this code ( I also added a flag, TradeON, to allow only 1 trade per day):

  // Automated Trading System: Straddle Strategy (Friday 9:00PM) // Set trading parameters ONCE TradeON = 1 IF LongTriggered OR ShortTriggered THEN TradeON = 0 ENDIF IF IntraDayBarIndex = 0 THEN TradeON = 1 ENDIF // TradeSize = 1 // £1 per pip TrailingStopPips = 20 // Trailing stop in pips BuyOffset = 1.01 // 1% above current market price SellOffset = 0.99 // 1% below current market price SessionHour = 21 // 9:00 PM TrailingStopValue = TrailingStopPips * POINTVALUE // Variables to track order levels ONCE BuyPrice = 0 ONCE SellPrice = 0 // Ensure code only runs on Fridays IF DayOfWeek = 2 AND TradeON THEN // Check if current time is exactly 9:00 PM IF Hour = SessionHour AND Minute = 0 THEN // Check if no trades are open before placing orders IF NOT OnMarket THEN // Set Buy and Sell order levels BuyPrice = Close * BuyOffset SellPrice = Close * SellOffset // Place Buy and Sell pending orders BUY TradeSize CONTRACTS AT BuyPrice STOP SELL TradeSize CONTRACTS AT SellPrice STOP SET STOP TRAILING (TrailingStopValue) ENDIF ENDIF // Manage trailing stop and move untriggered order far away //IF LONGONMARKET THEN // If a buy trade is open //// Move the untriggered sell order far below the market //SellPrice = Close * 0.5 // Set it at 50% below current price ////SELL TradeSize CONTRACTS AT SellPrice STOP //SET TARGET PRICE SellPrice //SET STOP TRAILING (TrailingStopValue) //ELSE //IF SHORTONMARKET THEN // If a sell trade is open //// Move the untriggered buy order far above the market //BuyPrice = Close * 1.5 // Set it at 50% above current price ////BUY TradeSize CONTRACTS AT BuyPrice STOP //SET TARGET PRICE BuyPrice //SET STOP TRAILING (TrailingStopValue) //ENDIF //ENDIF ENDIF

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  // Automated Trading System: Straddle Strategy (Friday 9:00PM)   // Set trading parameters ONCE TradeON = 1 IF LongTriggered OR ShortTriggered THEN TradeON = 0 ENDIF IF IntraDayBarIndex = 0 THEN TradeON = 1 ENDIF // TradeSize = 1  // £1 per pip TrailingStopPips = 20  // Trailing stop in pips BuyOffset = 1.01  // 1% above current market price SellOffset = 0.99  // 1% below current market price SessionHour = 21  // 9:00 PM TrailingStopValue = TrailingStopPips * POINTVALUE // Variables to track order levels ONCE BuyPrice = 0 ONCE SellPrice = 0 // Ensure code only runs on Fridays IF DayOfWeek = 2 AND TradeON THEN // Check if current time is exactly 9:00 PM IF Hour = SessionHour AND Minute = 0 THEN // Check if no trades are open before placing orders IF NOT OnMarket THEN // Set Buy and Sell order levels BuyPrice  = Close * BuyOffset SellPrice = Close * SellOffset // Place Buy and Sell pending orders BUY  TradeSize CONTRACTS AT BuyPrice  STOP SELL TradeSize CONTRACTS AT SellPrice STOP SET STOP TRAILING (TrailingStopValue) ENDIF ENDIF // Manage trailing stop and move untriggered order far away //IF LONGONMARKET THEN  // If a buy trade is open //// Move the untriggered sell order far below the market //SellPrice = Close * 0.5  // Set it at 50% below current price ////SELL TradeSize CONTRACTS AT SellPrice STOP //SET TARGET PRICE SellPrice //SET STOP TRAILING (TrailingStopValue) //ELSE //IF SHORTONMARKET THEN  // If a sell trade is open //// Move the untriggered buy order far above the market //BuyPrice = Close * 1.5  // Set it at 50% above current price ////BUY TradeSize CONTRACTS AT BuyPrice STOP //SET TARGET PRICE BuyPrice //SET STOP TRAILING (TrailingStopValue) //ENDIF //ENDIF ENDIF

   

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  robertogozzi

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  02/05/2025 at 12:27 PM #243477
  CameronLoseby21

  @robertogozzi

  Thank you for the explanation! Also for adding that flag! Greatly appreciated. Do you have any info or tips regarding the error message that is stopping me from automating my program?

  the error:

  “Trading systems with a Working Order that partially close a position cannot be sent to ProOrder. Make sure that no quantity is specified in instructions to close positions with Working Order (in this case, the instruction closes the entire position)”.

  

  CameronLoseby21

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  02/05/2025 at 12:56 PM #243481
  robertogozzi

  My fault, I didn’t realize you incorrectly used SELL to enter a short trade. Use:

  • BUY    to enter a Long trade
  • SELL  to exit  a Long trade
  • SELLSHORT  to enter a Short trade
  • EXITSHORT  to exit  a Short trade

  so you will have to replace line 32 with:

  SELLSHORT TradeSize CONTRACTS AT SellPrice STOP

  1	SELLSHORT TradeSize CONTRACTS AT SellPrice STOP

   

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  CameronLoseby21

  

  robertogozzi

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  02/05/2025 at 1:04 PM #243484
  CameronLoseby21

  @robertogozzi

  Whoops, silly me. Thank you for your help. I owe you one!

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  robertogozzi

  

  CameronLoseby21

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