Auto Trading Help

• 08/14/2021 at 1:24 AM #175266
  Amin1233

  Hi All

  I am pretty new in coding. is it possible to automate trading with rules below? Also how much ProREaltime will charge for Auto Order?

  Buy 80 Contract at market

  Set Trailing Stop loss = Distance 25, Step = 20

  If Market Price – Entry Price =20 then  Close 40

  If Market Price – Entry = 30 then Close 20

  If Market Price – Entry = 40 then  Close 10

  If time = 2:00 pm or Entry time + 4 Hrs and nothing triggered

  Then

  if Market Price > Entry Price  then close 40 and Stop = Entry

  If Entry Price – Market Price > 15 then Close 40 and limit = Entry +10

  If Entry Price -Market Price  <15 then Stop = 16 and limit = Entry +5

  Notes: As IG will withhold margin for any order all the Close orders should be in limit format not a new order. Also Is it possible to set the order type as Force Open instead of Net postion?

   

  Thanks

  A

  

  Amin1233

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  08/14/2021 at 6:16 AM #175272
  robertogozzi

  Fees and spread are not known automatically.

  What do you mean by “and limit = Entry +10“ (or 5)?

  What do you mean by “As IG will withhold margin for any order all the Close orders should be in limit format not a new order”?

   

  

  robertogozzi

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  08/14/2021 at 6:59 AM #175275
  Amin1233

  Hi Roberto

  PLease see below:

   

  What do you mean by “and limit = Entry +10“ (or 5)?

   

  I know limit is confusing here in other platform limit is the price that you want to enter the market but in IG limit is somehow equal to target/take profit.

  In IG platform when you create an order there are three fields, Price level = price you want to open postion, Stop= Stop, Limit =  take profit/Target .

   

  What do you mean by “As IG will withhold margin for any order all the Close orders should be in limit format not a new order”?

   

  This is what I am doing manually now: I buy at market 80 contract, and at same time I create 3 sell orders of 40 contract at price level of Entry +20 , 20 contract at Entry +30 and 10 Contract at Entry +40. So when I do this in the platform IG will withhold Margin for all of my orders that means with this strategy I would need margin for at least 160 contract.So if I dont want to use my margin on the sell orders, I have to monitor the charts 24/7 and wait until it meets my criteria and go to the position and partially close the contracts that I want. Other workaround is instead of buying 80 contracts I open 4 different positons at the same time with different limits( targets)

  What I am looking for in PRT  is to be able to automate this . In the rules when I say “If Market Price – Entry = 40 then  Close 10” I dont want the PRT create a new order that use my margin but just partially close 10 contracts (like I am doing it manually) when it reaches to +40.

   

  Hope it is clear now.

  Thanks

   

  

  Amin1233

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  08/14/2021 at 9:23 AM #175285
  robertogozzi

  There’s no need for a FORCE OPEN instruction, as opening opposite positions is not allowed in a single strategy (multipole different strategies can, provided you have set Force Open with IG).

  There you go (I tested it on DAX, 1h TF):

  DEFPARAM CumulateOrders = FALSE //initialisation If Not OnMarket THEN EntryPrice = 0 Ohour = 0 //Hour when a trade opens Omin = 0 //Minute when a trade opens Flag = 0 LotSize = 80 ENDIF //update EntryPrice after entering at market IF OnMarket AND Not OnMarket[1] THEN EntryPrice = TradePrice ENDIF IF OnMarket AND IntraDayBarIndex = 0 THEN Flag = 1 ENDIF //set entry conditions Sma100 = average[100,0](close) Cond = (close CROSSES OVER Sma100) AND Not LongOnMarket //enter at Market IF Cond THEN BUY LotSize Contracts AT Market EntryPrice = close Ohour = OpenHour Omin = OpenMinute Hlimit = Ohour + 4 //limit of 4 hours after entry Hlimit = Hlimit - (24 * (Hlimit > 23)) TimeLimit = ((Hlimit * 100) + Omin) * 100 //let's make it 6 digits ENDIF // IF OnMarket THEN Pips = PositionPerf * PositionPrice / PipSize Npos = abs(CountOfPosition) IF ((OpenTime >= Hlimit) OR ((OpenTime <= Hlimit) AND (Flag = 1))) OR (OpenTime >= 140000) THEN IF (Pips > 15) AND (Npos = LotSize) THEN SELL 40 Contracts AT Market NewSL = EntryPrice + 10 * PipSize ELSIF (Pips > 0) AND (Npos = LotSize) THEN SELL 40 Contracts AT Market NewSL = EntryPrice ELSIF (PipS > 0) AND (Pips < 15) THEN SELL 16 Contracts AT Market NewSL = EntryPrice + 5 * PipSize ENDIF ELSE IF (Pips >= 20) AND (Npos = LotSize) THEN SELL 40 Contracts AT Market ENDIF IF Pips >= 30 THEN SELL 20 Contracts AT Market ENDIF IF Pips >= 40 THEN SELL 10 Contracts AT Market ENDIF ENDIF ENDIF // // https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/ // (righe 17- 56) // //trailing stop function trailingstart = 20 //25 trailing will start @trailinstart points profit trailingstep = 5 //20 trailing step to move the "stoploss" distance = 10 //10 pips distance from caurrent price (if required by the broker) //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN IF LongOnMarket THEN IF (close + distance) > newSL THEN SELL AT newSL STOP ELSIF (close - distance) < newSL THEN SELL AT newSL LIMIT ELSE SELL AT Market ENDIF ELSIF ShortOnmarket THEN IF (close + distance) < newSL THEN EXITSHORT AT newSL STOP ELSIF (close - distance) > newSL THEN EXITSHORT AT newSL LIMIT ELSE EXITSHORT AT Market ENDIF ENDIF ENDIF //********************************************************************************* //graph Pips //graph Hlimit //graph Ohour //graph Omin //graph TimeLimit //graph Npos //graphonprice NewSL

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  DEFPARAM CumulateOrders = FALSE //initialisation If Not OnMarket THEN EntryPrice = 0 Ohour      = 0         //Hour when a trade opens Omin       = 0         //Minute when a trade opens Flag       = 0 LotSize    = 80 ENDIF //update EntryPrice after entering at market IF OnMarket AND Not OnMarket[1] THEN EntryPrice = TradePrice ENDIF IF OnMarket AND IntraDayBarIndex = 0 THEN Flag = 1 ENDIF //set entry conditions Sma100 = average[100,0](close) Cond   = (close CROSSES OVER Sma100) AND Not LongOnMarket //enter at Market IF Cond THEN BUY LotSize Contracts AT Market EntryPrice = close Ohour      = OpenHour Omin       = OpenMinute Hlimit     = Ohour + 4                    //limit of 4 hours after entry Hlimit     = Hlimit - (24 * (Hlimit > 23)) TimeLimit  = ((Hlimit * 100) + Omin) * 100 //let's make it 6 digits ENDIF // IF OnMarket THEN Pips = PositionPerf * PositionPrice / PipSize Npos = abs(CountOfPosition) IF ((OpenTime >= Hlimit) OR ((OpenTime <= Hlimit) AND (Flag = 1))) OR (OpenTime >= 140000) THEN IF (Pips > 15) AND (Npos = LotSize) THEN SELL 40 Contracts AT Market NewSL = EntryPrice + 10 * PipSize ELSIF (Pips > 0) AND (Npos = LotSize) THEN SELL 40 Contracts AT Market NewSL = EntryPrice ELSIF (PipS > 0) AND (Pips < 15) THEN SELL 16 Contracts AT Market NewSL = EntryPrice + 5 * PipSize ENDIF ELSE IF (Pips >= 20) AND (Npos = LotSize) THEN SELL 40 Contracts AT Market ENDIF IF Pips >= 30 THEN SELL 20 Contracts AT Market ENDIF IF Pips >= 40 THEN SELL 10 Contracts AT Market ENDIF ENDIF ENDIF // // https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/ // (righe 17- 56) // //trailing stop function trailingstart = 20  //25 trailing will start @trailinstart points profit trailingstep  = 5   //20 trailing step to move the "stoploss" distance      = 10  //10 pips distance from caurrent price (if required by the broker) //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF   //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF   //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF   //stop order to exit the positions IF newSL>0 THEN IF LongOnMarket THEN IF (close + distance) > newSL THEN SELL AT newSL STOP ELSIF (close - distance) < newSL THEN SELL AT newSL LIMIT ELSE SELL AT Market ENDIF ELSIF ShortOnmarket THEN IF (close + distance) < newSL THEN EXITSHORT AT newSL STOP ELSIF (close - distance) > newSL THEN EXITSHORT AT newSL LIMIT ELSE EXITSHORT AT Market ENDIF ENDIF ENDIF //********************************************************************************* //graph Pips //graph Hlimit //graph Ohour //graph Omin //graph TimeLimit //graph Npos //graphonprice NewSL

   

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  robertogozzi

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  08/14/2021 at 1:32 PM #175334
  murre87

  Backtest 3 years

  

  murre87

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  08/14/2021 at 2:15 PM #175338
  Amin1233

  Thanks for reply , I can see that there is an entry condition. I would like to manually enter the market with no condition when I press start  the autotrade. So basically I am more interested in closing the positions with Autotrade not openning the positons.

  

  Amin1233

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  08/14/2021 at 3:24 PM #175341
  robertogozzi

  Remove line 18 and replace line 19 with this one:

  Cond = Not OnMarket

  1	Cond = Not OnMarket

  It will then enter again as soon as the trade is closed.

   

  

  robertogozzi

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