Add a second trade

• 04/29/2017 at 10:38 PM #33991
  Fredrik

  Hi guys,

  Want to ask you if you can help me out, Im struggling with two strategies for two different robots

  1. place a second larger trade if the current trade is profitable
  2. place a second trade in the same direction as the current trade if the current trade have moved against me for x pips or $

  

  Fredrik

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  04/29/2017 at 11:05 PM #33992
  Maz

   

  // Something like this... inProfit = positionPerf > 0 if inProfit then // we are in profit // buy largetPosition shares at market endif // ------------------------ if longOnMarket then pointDrawdown = tradePrice - close elsif shortOnMarket then pointDrawdown = close - tradePrice else pointDrawdown = 0 // note pointDrawdown expressed as above is a POSITIVE number and if you are in profit it will be a -ve number // so then... if pointDrawdown >= myMaxPointDrawdown then // we reached our threshold // buy at market endif // ps careful with averaging down :-)

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  // Something like this... inProfit = positionPerf > 0   if inProfit then // we are in profit // buy largetPosition shares at market endif   // ------------------------   if longOnMarket then   pointDrawdown = tradePrice - close elsif shortOnMarket then   pointDrawdown = close - tradePrice else   pointDrawdown = 0   // note pointDrawdown expressed as above is a POSITIVE number and if you are in profit it will be a -ve number // so then...   if pointDrawdown >= myMaxPointDrawdown then // we reached our threshold // buy at market endif   // ps careful with averaging down :-)

   

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  Fredrik, Nicolas

  

  Maz

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  05/09/2017 at 7:31 AM #34881
  Fredrik

  Thanks!

  

  Fredrik

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  05/09/2017 at 7:50 AM #34884
  Fredrik

  Hi again,

  so to add a second larger position if the current one is profitable I will use the code:

  inProfit = positionPerf > 0 if inProfit then buy x contract at market endif

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  inProfit = positionPerf > 0   if inProfit then buy x contract at market endif

  How can one distinguish that it will add to a specific position if I have multiple? lets say I have 2 long positions and 3 short positions, does one add a label to the trades ? I mean I would need one more for sell on market and how does the script decide which one to use?

  for instance…

  // Buy condition if c1 then buy 1 contract at market endif // Add a second buy trade if first one is profitable inProfit = positionPerf > 0 if inProfit then buy 1 contract at market endif // Sell condition if c1 then sellshort 2 contract at market endif // Add a second sell trade if first one is profitable inProfit = positionPerf > 0 if inProfit then sellshort 1 contract at market endif

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  // Buy condition if c1 then buy 1 contract at market endif   // Add a second buy trade if first one is profitable inProfit = positionPerf > 0   if inProfit then buy 1 contract at market endif     // Sell condition if c1 then sellshort 2 contract at market endif     // Add a second sell trade if first one is profitable inProfit = positionPerf > 0   if inProfit then sellshort 1 contract at market endif

   

  

  Fredrik

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