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Andrea Carosi lesson

MaoRai54 · 2020-11-19T10:10:24+00:00

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

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ProOrder: Automated Strategies & Backtesting
Andrea Carosi lesson

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11/22/2020 at 1:24 PM #151211 quote

robertogozzi
Moderator

Legend

Maybe in the future, not currently.

11/22/2020 at 1:41 PM #151212 quote
Vonasi
Moderator

Master
There is the workaround that was discovered here:

Partially close available for automation?

However as Nicolas says in that topic:

I strongly don’t recommend using this ‘workaround’ at all, for several reasons:
- this is not an official and normal functionality of the interaction protocol between the software and the broker
- calculations of strategy results in detailed reports will not be correct, as this is not expected in normal operation
- in the event of a dispute with the broker, this type of “unofficial” operation could work against you
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Andrea Carosi lesson

ProOrder: Automated Strategies & Backtesting

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This topic contains 16 replies,
has 5 voices, and was last updated by Vonasi
5 years, 10 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	11/19/2020
Status:	Active
Attachments:	No files

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Andrea Carosi lesson

Stuck on this ProBuilder code?

Andrea Carosi lesson ProOrder: Automated Strategies & Backtesting

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Andrea Carosi lesson

ProOrder: Automated Strategies & Backtesting