Trade execution in different scenarios

• 06/07/2023 at 7:21 PM #215781
  RichardVeen

  Hi,

  I want to enter the market with different scenarios, but I don’t whether that is possible, because I see often that a trade is being done ‘at market’.

  But is it also possible to trade the following scenarios:

  • Buy/Sell  1 tick over the high or low of the current candle
  • Buy/Sell  2 ticks over the high or low of the previous candle
  • Buy/Sell  4 ticks over the high or low of the highest/lowest of the last 5 candles

  

  RichardVeen

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  06/08/2023 at 12:45 AM #215799
  robertogozzi

  Yes, you can place multiple orders at MARKET, provided you use DEFPARAM CUMULATEORDERS=True at the beginning, as the platform has the control of the code.

  You can also place 2 or more pending orders, but, no matter whether you use DEFPARAM CUMULATEORDERS=True or DEFPARAM CUMULATEORDERS=False, all of them can be triggered as the platform has no more control of them once they are sent to the broker. The platform regains control of them at the closing of the candle at which time pending orders that have not been triggered are cancelled, but it can’t do anything with triggered orders, even if they are more than one.

   

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  robertogozzi

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  06/08/2023 at 7:20 AM #215814
  PeterSt

  Hi Richard,

  Yes, you can do that all, and 1000+ scenario’s more.  As long as you realize that each scenario will cost you a certain number of lines of code. 🙂

  One thing should be key for you : make all work mutually exclusive or else it is going to be a mess.

  N.b.: Roberto assumed that you apply all the scenarios at the same time, hence that all take positions. I take it that that is not what you want.

  Example of how to go about with it :

  JustTraded = 0 If not OnMarket and not JustTraded then // Scenario 1 - set c01 condition for Entry. // [...] If c01 then // E.g. Buy JustTraded = 1 endif endif If not OnMarket and not JustTraded then // Scenario 2 - set c02 condition for Entry. // [...] If c02 then // E.g. Buy JustTraded = 1 endif endif If not OnMarket and not JustTraded then // Scenario 3 - set c03 condition for Entry. // [...] If c03 then // E.g. SellShort JustTraded = 1 endif endif

  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

  JustTraded = 0   If not OnMarket and not JustTraded then   // Scenario 1 - set c01 condition for Entry.   // [...]   If c01 then     // E.g. Buy     JustTraded = 1   endif endif   If not OnMarket and not JustTraded then   // Scenario 2 - set c02 condition for Entry.   // [...]   If c02 then     // E.g. Buy     JustTraded = 1   endif endif   If not OnMarket and not JustTraded then   // Scenario 3 - set c03 condition for Entry.   // [...]   If c03 then     // E.g. SellShort     JustTraded = 1   endif endif

  Pay attention to the fact that  a pending order (Limit or Stop) may not definitely imply JustTraded (the order may not be filled). You will see that in the next iteration (next call of your code when the current bar/candle finishes) by means of OnMarket being true or not.

  Have fun …

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  PeterSt

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  06/08/2023 at 8:41 AM #215819
  RichardVeen

  Hi Peter, Roberto,

  As I read my description again, I realised that my description is not clear enough. Maybe scenario is not the correct word and it should be condition.

  I don’t to execute all the conditions in one code/script. I just want to know what is the code for the different condition so I can use it in different codes/scripts.

  For example:

  • Scenario 1: Buy/Sell  1 tick over the high or low of the current candle
  • Code: see below -> is this correct?

  Scenario 1

  Contract = 1 Tick = 1 BUY contract at HIGH + Tick

  1 2 3 4

  Contract = 1 Tick = 1   BUY contract at HIGH + Tick

   

  • Scenario 2: Buy/Sell  2 ticks over the high or low of the previous candle
  • Code: see below -> is this correct?
    Contract = 1 Tick = 2 BUY contract at HIGH[1] + Tick

    1 2 3 4

    Contract = 1 Tick = 2   BUY contract at HIGH[1] + Tick

     

  • Scenario 3: Buy/Sell  4 ticks over the high or low of the highest/lowest of the last 5 candles
  • Code: see below -> is this correct?
  • Scenario 3

    Contract = 1 Tick = 4 BUY contract at HIGHEST[5] + Tick

    1 2 3 4

    Contract = 1 Tick = 4   BUY contract at HIGHEST[5] + Tick

  I hope you understand what I mean….and I hope you can help me

   

   

  

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  06/08/2023 at 9:32 AM #215824
  PeterSt

  All correct except for Highest needing a “designator”. https://www.prorealcode.com/documentation/highest/

  And of course take good care of what “tick” should be.

  You can use Graph and GraphOnPrice to check what’s happening. Example (not tested) :

  GraphOnPrice Highest[5](Close) as "Highest Close of last 5"

  1	GraphOnPrice Highest[5](Close) as "Highest Close of last 5"

   

   

  

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  06/08/2023 at 10:24 AM #215835
  JS

  Hi, I think that scenario 1 is not possible because in a “1 tick” time frame (it is actually not a time frame because ticks are not related to time) there is no “high” or “low”, the “tick”=open=high=low=close

  Scenario 2 is possible but then you need to properly refer to previous candle:

  If Close > High[1] then

  Buy 1 contract at Market

  EndIf

  Use a time frame of 2 ticks here.

  Scenario 3 is also possible with the proper refer:

  If Close > Highest[5](High[1]) then

  Buy 1 contract at Market

  EndIf

  Use a time frame of 4 ticks here

  

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  06/08/2023 at 3:39 PM #215866
  PeterSt

  I think that Richard uses the word “tick” to refer to a point or a pip. See first post. 🙂

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  PeterSt

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  06/09/2023 at 10:11 AM #215893
  RichardVeen

  Hi,

  Yes, with a ‘tick’ I mean point.

  So if I mean point then the instructions will be:

  Scenario 1:

  Contract = 1
  Point = 1

  BUY contract at HIGH + Point

   

  Scenario 2:

  Contract = 1

  Point= 2

  BUY contract at HIGH[1] + Point

  Scenario 3:

  Contract = 1

  Point= 4

  BUY contract at Highest[5](High[1]) + Point

  Is this correct?

   

  

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  06/09/2023 at 10:45 AM #215895
  GraHal

  As Contract and Point are ‘PRT reserved terms’ it needs to be as below

  BUY 1 contract at HIGH[1] + 1*Point BUY 1 contract at Highest[5](High[1]) + 1*Point

  1 2 3

  BUY 1 contract at HIGH[1] + 1*Point   BUY 1 contract at Highest[5](High[1]) + 1*Point

   

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  GraHal

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  06/09/2023 at 4:16 PM #215923
  JS

  Hi Richard,

  When the “ticks” change to “pips”… 😉

  Scenario 1.  Is not possible because the “High” and “Low” are not final until the candle is closed…

  Scenario 2.

  Buy 1 contract at (High[1] + 2 * pipsize) STOP

  SellShort 1 contract at (Low[1] – 2 * pipsize) STOP

  Scenario 3.

  Buy 1 contract at (Highest[5](High[1]) + 4 * pipsize) STOP

  SellShort 1 contract at (Lowest[5](Low[1]) – 4 * pipsize) STOP

  All these orders are “pending” orders…

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  JS

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