Add new position when + 50 points

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Viewing 12 posts - 1 through 12 (of 12 total)
  • 08/15/2021 at 7:29 PM #175402
    bullbear

    Hello

    I am looking for a code that means that if I am +50 points, another position is opened with 1 contract.

    But it should not be repeated more than once so max position size = 2.

    Like this maybe?

    08/15/2021 at 9:56 PM #175413
    XORANDNOT

    This will buy 1 contract, when no position is open, and buy one further contract when the closing price of the first position is at least 50 points in plus. Not tested, however. Will work for indices, but I’m not sure about forex because they work with pips there.

    2 users thanked author for this post.
    avatar bullbear, avatar Nicolas
    12/08/2021 at 2:29 PM #183010
    bullbear

    Have previously asked about a new position be opened.

    But it does not work.

    It opens new positions all the time.

    I want only 1 more position to be opened when my position is +40 points.

    And the new position will be closed at the same time as the first

    Does anyone know what such a code looks like?

    12/08/2021 at 4:58 PM #183026
    JS

    Try: Defparam cumulateorders = false (instead of true)

    12/08/2021 at 5:04 PM #183027
    JS

    You can also try: abs(countofposition)

    12/08/2021 at 5:35 PM #183029
    nonetheless

    Try this.

    At current prices, positionprice * 1.0025 on the DAX is approx a 40 point gain. You can change the multiplier depending on what instrument you want to use.

    It should make your backtest more accurate, as it keeps your gain relational to the historical index value.

     

    1 user thanked author for this post.
    avatar Midlanddave
    12/08/2021 at 7:12 PM #183031
    bullbear

    Thank you n.

    The code works.

    A maximum of 2 positions are taken 🙂

    But sometimes the second position is taken at +40 points and sometimes at + 120-130 points.

    How is it that..

    12/08/2021 at 7:17 PM #183032
    nonetheless

    What instrument are you using?

    you could try

    or if you don’t mind if it’s not proportional you could just use

     

    12/08/2021 at 7:18 PM #183033
    bullbear

    Nasdaq

    12/08/2021 at 7:28 PM #183035
    bullbear

    I try that.

    Thanks

    12/08/2021 at 7:45 PM #183037
    bullbear

     

    And short looks like this?

     

    12/08/2021 at 8:19 PM #183043
    nonetheless
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    if not onmarket then
    flag = 1
    flagS = 1
    ENDIF
    IF not shortonmarket and condsell THEN
    sellshort positionsize CONTRACT AT MARKET
    elsif shortonmarket and condsell and flagS and LOW <= (positionprice – 40) then
    sellshort positionsize CONTRACT AT MARKET
    flagS = 0
    ENDIF

     

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