V12 Multiple targets and stops

• 09/21/2023 at 9:05 AM #221368
  Albaran

  Hi there,

  Very simple question; is there a specific syntax/command for automated trading regarding the set up of multiple stops?

  I haven’t seen any information about this, anywhere..

  Cheers,

  

  Albaran

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  09/21/2023 at 9:43 AM #221369
  robertogozzi

  You can’t set multiple stops automatically.

  You will have to deal with each one yourself. Besides, you can’t use pending STOP/LIMIT orders to partially close positions.

  You will have to check when each candle closes if a price level has been hit, then exit AT MARKET:

  MyLongConditions = Not OnMarket AND Close CROSSES OVER average[100,0](close) IF MyLongConditions THEN BUY 3 Contracts at Market //assu,e the entry price is 1000 Stop1 = close - 350*PipSize Stop2 = close - 250*PipSize Stop3 = close - 150*PipSize Flag = 0 SET TARGET PRICE close + 900*PipSize ENDIF IF close <= Stop1 THEN //close all positions at this level SELL AT MARKET ELSIF close <= Stop2 AND OnMarket AND Flag = 0 THEN //close 1 position SELL 1 Contract AT MARKET Flag = 1 ELSIF close <= Stop3 AND OnMarket AND Flag = 1 THEN //close 1 position SELL 1 Contract AT MARKET Flag = 2 ENDIF graphonprice TradePrice graphonprice Stop1 coloured("Gold") graphonprice Stop2 coloured("Fuchsia") graphonprice Stop3 coloured("Red")

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

  MyLongConditions = Not OnMarket AND Close CROSSES OVER average[100,0](close) IF MyLongConditions THEN    BUY 3 Contracts at Market  //assu,e the entry price is 1000    Stop1 = close - 350*PipSize    Stop2 = close - 250*PipSize    Stop3 = close - 150*PipSize    Flag  = 0    SET TARGET PRICE close + 900*PipSize ENDIF IF close <= Stop1 THEN    //close all positions at this level    SELL AT MARKET ELSIF close <= Stop2 AND OnMarket AND Flag = 0 THEN //close 1 position    SELL 1 Contract AT MARKET Flag = 1 ELSIF close <= Stop3 AND OnMarket AND Flag = 1 THEN //close 1 position    SELL 1 Contract AT MARKET Flag = 2 ENDIF graphonprice TradePrice graphonprice Stop1 coloured("Gold") graphonprice Stop2 coloured("Fuchsia") graphonprice Stop3 coloured("Red")

  Tested on DAX, 1-hour TF.

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  Albaran

  

  robertogozzi

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  09/21/2023 at 9:58 AM #221376
  Albaran

  Aah that is what I understood – that partial closure was possible – with the new feature of multiple stops and targets from V12!

  My bad, but thanks anyways!

  

  Albaran

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  09/21/2023 at 6:46 PM #221406
  KumoNoJuzza

  The max drawdown in Backtest is scary !!

  

  KumoNoJuzza

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  09/22/2023 at 8:44 AM #221429
  robertogozzi

  This is not a real strategy, it’s just an example.

   

  

  robertogozzi

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  09/22/2023 at 8:50 AM #221430
  Nicolas

  Albaran wrote:

  that partial closure was possible – with the new feature of multiple stops and targets from V12!

  Yes with manual orders.

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  Albaran

  

  Nicolas

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