Allow only one strategy to execute a trade

• 05/05/2017 at 10:06 AM #34609
  algotrader

  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.

  

  algotrader

  Participant

  Topics: 10

  Replies: 16

  Been thanked: 2 times
  05/05/2017 at 5:32 PM #34653
  GraHal

  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! 🙂

  

  GraHal

  Participant

  Topics: 204

  Replies: 8399

  Been thanked: 2041 times
  05/05/2017 at 6:35 PM #34656
  GraHal

  I forgot the link to the Form Doh! 😉

  https://www.prorealtime.com/en/contact?suggestion=1

  

  GraHal

  Participant

  Topics: 204

  Replies: 8399

  Been thanked: 2041 times
  05/06/2017 at 5:37 AM #34664
  algotrader

  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.

  

  algotrader

  Participant

  Topics: 10

  Replies: 16

  Been thanked: 2 times
  05/06/2017 at 8:27 AM #34667
  AutoStrategist

  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.

  

  AutoStrategist

  Participant

  Topics: 6

  Replies: 125

  Been thanked: 71 times
  05/06/2017 at 9:59 AM #34674
  algotrader

  Great stuff!!

  The more the merrier..
  😉

  A.

  

  algotrader

  Participant

  Topics: 10

  Replies: 16

  Been thanked: 2 times
  05/06/2017 at 12:01 PM #34686
  robertogozzi

  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

  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 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

  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

   

  2 users thanked author for this post.

  Inertia, Nicolas

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16469

  Been thanked: 3643 times
  05/06/2017 at 12:14 PM #34690
  Nicolas

  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 🙂

  2 users thanked author for this post.

  soulintact, robertogozzi

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20828

  Been thanked: 4741 times
  05/08/2017 at 8:39 PM #34861
  algotrader

  Thank Nicolas
  That is important.
  Keep us informed about the progress.

  Cheers,
  A.

  

  algotrader

  Participant

  Topics: 10

  Replies: 16

  Been thanked: 2 times
  03/07/2019 at 9:18 PM #93104
  soulintact

  Will this feature be included in version 11? Thanks!

  

  soulintact

  Participant

  Topics: 14

  Replies: 41

  Been thanked: 2 times
  04/23/2019 at 9:44 AM #96977
  GraHal

  robertogozzi wrote:

  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?

  

  GraHal

  Participant

  Topics: 204

  Replies: 8399

  Been thanked: 2041 times
  04/23/2019 at 10:04 AM #96980
  robertogozzi

  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.

  1 user thanked author for this post.

  GraHal

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16469

  Been thanked: 3643 times
  04/24/2019 at 10:12 AM #97036
  GraHal

  robertogozzi wrote:

  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.

  robertogozzi wrote:

  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?

   

  

  GraHal

  Participant

  Topics: 204

  Replies: 8399

  Been thanked: 2041 times
  04/24/2019 at 11:46 AM #97040
  robertogozzi

  Yes GraHal, that’s exactly what I do.

  1 user thanked author for this post.

  GraHal

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16469

  Been thanked: 3643 times
• Author
  Posts