Hello Team
I want to run few strategies simultaneously.
However, I want to allow only one strategy to execute a trade (Which comes first)..
So strategies X,Y,Z are running..
If X has been executed a trade, then Y and Z can not execute even though the strategy condition been met.
Any ideas?
Thanks,
A.
Put a suggestion to PRT using the Suggestion Box form below.
Seems like a good idea … reduces worry of High Drawdowns and Margin Calls.
Suggest also that PRT have a drop down box to select 1, 2, 3, more etc Bots running at same time.
Let me know if you do / don’t it else I’ll put it in? 😉
GraHal
PS More I think about, it’s a great idea … we could have loads of Bots running Live, but know that when we wake in the morning only 1 or 2 etc could be trading?
Okay we may miss big profits on one Algo by taking a earlier trade on another Algo, but I can live / sleep with that! 🙂
Ok, Thanks.
So I’m guessing there is no way to program this at this stage..??
that’s a bit lame.
This is a basic risk management.
Anyway, I have sent them a message.
Thanks,
A.
This is a basic risk management.
Hi algotrader, you are absolutely right, I have put this on here in the suggested improvements and filled out the form and sent it direct to IT-Finance, the more of us who do that the sooner we will get this essential functionality.
You can assembly all of your strategies into a bigger file.
“DEFPARAM CumulateOrders = false” will do the hard job!
Of course you may need to name variables in different ways, say, a1s1 or cond1s1 for the first strategy, then a2s1/cond2s1….. a1s2/cond1s2 for the second strategy etc….
You may name a variable StrategyID = 0 when NOT ONMARKET, the set it to any number you want each buy/sell is executed so you know which strategy was triggered.
Example:
DEFPARAM CumulateOrders = False //Only 1 trade at a time
IF NOT OnMarket THEN //Make sure you reset this variable to ZERO when not trading
StrategyID = 0
ENDIF
//-----------------------------------------------------------------------------------------------------------------
IF (StrategyID = 0) OR (StrategyID = 1) THEN //Strategy 1
s1.... = ......
.
.
ENDIF
//-----------------------------------------------------------------------------------------------------------------
IF (StrategyID = 0) OR (StrategyID = 2) THEN //Strategy 2
s2Avg = Average[20](close)
s2Rsi = Rsi[14]
.
.
.
//************************************************************************
// LONG
//************************************************************************
IF close CROSSES OVER s2Avg THEN
StrategyID = 2
SET TARGET PPROFIT 20
SET STOP PLOSS 10
BUY nLots CONTRACT AT MARKET
ENDIF
//************************************************************************
// SHORT
//************************************************************************
IF close CROSSES UNDER s2Avg THEN
StrategyID = 2
SET TARGET PPROFIT 20
SET STOP PLOSS 10
SELLSHORT nLots CONTRACT AT MARKET
ENDIF
.
.
.
.
ENDIF
//-----------------------------------------------------------------------------------------------------------------
IF (StrategyID = 0) OR (StrategyID = 3) THEN //Strategy 3
s3.... = ......
.
.
.
ENDIF
Thanks Roberto, it is a great idea.
However, I agree that this feature (ProOrder strategies that can communicate with each other) is a must to build successful portfolio and use rebalancing method. I already put this idea into my own wish list (and in prorealtime hands) and I’m looking forward to get this feature soon .. or late 🙂
Thank Nicolas
That is important.
Keep us informed about the progress.
Cheers,
A.
Will this feature be included in version 11? Thanks!
so you know which strategy was triggered.
Maybe coffee not woke brain yet, but when I look in my Auto-Trading window at Running Systems then how would I know which Strategy within a Multi-Strategy Auto-System had triggered the trade?
What you want to achieve is impossible till PRT support communications among strategies themselves and among them and PRT.
This is was intended to assemble multiple strategies into a single one, mainly to overcome bracket margins by IG, you can only tell which strategy entered a trade from within the same code.
you can only tell which strategy entered a trade from within the same code.
I’m still intrigued by this and cannot work out how how when a trade executes and I look in the code how would I know which strategy (out of multi-strategies) had triggered the trade.
You may name a variable StrategyID = 0 when NOT ONMARKET, the set it to any number you want each buy/sell is executed so you know which strategy was triggered.
Only way I can think of would be to also have the code running on Backtest and GRAPH the StrategyID variables and then I could see which StrategyID number had triggered. Is that how to do it Roberto please?
Yes GraHal, that’s exactly what I do.
