Andrea Carosi lesson

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  • 11/19/2020 at 11:10 AM #150943
    MaoRai54

    dear Nicolas and Roberto,

    I’ve seen a video on Youtube with the money management system of Andrea Carosi.  He developed an automatic system that will grant a fixed amount in case of loss but, in parallel, with a parachute to earn enough.

    Here I’m trying to summarized it, is there anyone so kind to translate it for PRT ?!    Many thanks in advance.

    This is based for buy strategy but it should be easily reverted for sell one.

    – Period-1: green candle

    – Buy order of 1 contract at close price of previous candle

    – Place a limit buying order of 1 contract at -Z% below the price of the first order

    – Set stoploss at -Y% below the buying price (that must be the half of the amount you want to risk)

    – If price will reach +X% above the buying price then sell 0.5 contract and move the stoploss at the buying price and cancel the second buying order

    – while if price will go down, it will activate the limit buy order

    – then if the price will go up, above the price of the limit order then calculate the average buying price and if it is a gain then sell 1,5 contract (i.e. the first order plus half of the limit order) and move the stoploss at the same price of the limit order

     

    11/19/2020 at 1:13 PM #150957
    robertogozzi

    Ok, let me take some time to code it.

     

    1 user thanked author for this post.
    avatar MaoRai54
    11/19/2020 at 6:55 PM #150989
    MaoRai54

    THANKS !!!!

    If it could be useful for you, you can find the explanation at:

    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

     

     

    11/20/2020 at 12:12 AM #151002
    robertogozzi

    I deleted the reference because it was advertising to a system.

    11/20/2020 at 8:35 AM #151005
    MaoRai54

    OK, sorry I didn't think about it.

    11/20/2020 at 12:15 PM #151031
    robertogozzi

    Moderator @Vonasi reproached me (privately) for speaking Italian in the English forum, for which I often reproach other members. Sorry for such a blunder, I corrected it 🙂

     

    11/20/2020 at 12:42 PM #151036
    GraHal

    You kindly operate across so many different language Forums that it was bound to happen one day! 🙂

    We all forgive you Roberto!

    1 user thanked author for this post.
    avatar robertogozzi
    11/20/2020 at 1:08 PM #151037
    Vonasi

    Strike one Roberto!

    1 user thanked author for this post.
    avatar robertogozzi
    11/20/2020 at 2:51 PM #151054
    nonetheless

    (l’italiano è sempre più bello)😛😛😛

    2 users thanked author for this post.
    avatar MaoRai54, avatar robertogozzi
    11/20/2020 at 3:00 PM #151057
    Vonasi

     

    …and strike one for nonetheless too. I think this could turn out to be a high strike day for posting in the wrong language!

    1 user thanked author for this post.
    avatar MaoRai54
    11/20/2020 at 3:37 PM #151061
    robertogozzi

    We are now going a bit OT!!! 🙂

     

     

    1 user thanked author for this post.
    avatar MaoRai54
    11/21/2020 at 11:27 AM #151123
    robertogozzi

    @MaoRai54

    partial closure of positions is not allowed by IG, yet (so you can only make it for backtesting, not for autotrading).

    If you want to make it we can only do that by closing ALL open positions at one time.

    Let me know the new rules if you want to have it according to the current rules.

     

     

    11/22/2020 at 11:57 AM #151199
    MaoRai54

    Dear Roberto,

    many thanks for your reply and explanation.

    Maybe I’m wrong but when you launch PRT and you see the home page before starting the program, you see some info at the blue left part of it.  At the seventh note it’s mentioning “partial closing”. That’s why I assumed it’s possible.

     

    11/22/2020 at 12:46 PM #151207
    robertogozzi

    Yes, PRT allows that and you can use it for backtesting, but IG doesn’t so you cannot run your strategy correctly in AutoTrading.

    1 user thanked author for this post.
    avatar MaoRai54
    11/22/2020 at 12:59 PM #151208
    MaoRai54

    Thanks Roberto,

    but do you think is there any way to skip this limit ?

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