Automatically Move To Break even Code

Viewing 14 posts - 1 through 14 (of 14 total)
  • Author
    Posts
  • 08/13/2020 at 12:30 PM #141506 quote
    Mathewdel
    Participant
    New

    Hi Guys,

    I after the functionality for automatically moving my trade to breakeven after it reaches a certain amount of pips.

    Is there a simple way to do this? any help would be greatly appreciated.

    Thanks Mathew

    08/13/2020 at 1:07 PM #141509 quote
    robertogozzi
    Moderator
    Master

    Not tested:

    If not OnMarket then
   NewSL = 0
Endif
If NewSL = 0 and PositionPerf > 0 Then
   Pips = close * PositionPerf / pipvalue 
   If Pips >= 20 Then
      NewSL = tradeprice
   Endif
Endif
If NewSL > 0 Then
   SELL at NewSL STOP 
   EXITshort at NewSL STOP
Endif

    no matter whether you’re Long or Short.

    08/13/2020 at 1:10 PM #141510 quote
    robertogozzi
    Moderator
    Master

    Sorry, line 5 should read:

    Pips = tradeprice * PositionPerf / pipvalue
    08/13/2020 at 1:12 PM #141511 quote
    Nicolas
    Keymaster
    Master

    Many examples in the lists below:

    https://www.prorealcode.com/topics-tag/break-even/

    https://www.prorealcode.com/topics-tag/breakeven/

    08/13/2020 at 1:30 PM #141515 quote
    Mathewdel
    Participant
    New

    Thanks guys, could you also point me in the direction where to enter the code in the platform?

    08/13/2020 at 1:43 PM #141517 quote
    robertogozzi
    Moderator
    Master

    No matter where.

    08/13/2020 at 1:53 PM #141519 quote
    Mathewdel
    Participant
    New

    Thanks but I’m still having some trouble,

    Does this look right,

    // Conditions to enter long positions
IF NOT LongOnMarket AND YourConditions THEN
BUY 1 CONTRACTS AT MARKET
ENDIF

// Conditions to exit long positions
If LongOnMarket AND YourConditions THEN
SELL AT MARKET
ENDIF

// Conditions to enter short positions
IF NOT ShortOnMarket AND YourConditions THEN
SELLSHORT 1 CONTRACTS AT MARKET
ENDIF

// Conditions to exit short positions
IF ShortOnMarket AND YourConditions THEN
EXITSHORT AT MARKET
ENDIF

// Stops and targets : Enter your protection stops and profit targets here
If not OnMarket then
NewSL = 0
Endif
If NewSL = 0 and PositionPerf > 0 Then
Pips = tradeprice * PositionPerf / pipvalue
If Pips >= 20 Then
NewSL = tradeprice
Endif
Endif
If NewSL > 0 Then
SELL at NewSL STOP
EXITshort at NewSL STOP
Endif
    08/13/2020 at 3:03 PM #141522 quote
    robertogozzi
    Moderator
    Master

    For clarity of messages on ProRealCode’s forums, please use the “insert code PRT” button to separate the text of the code part! Thank you! <<  🙂

    Actually my correct code should be written as (after testing it on Dax):

    If not OnMarket then
   NewSL = 0
Endif
If NewSL = 0 and PositionPerf > 0 Then
   Pips = tradeprice * PositionPerf
   If Pips >= 20*pipsize Then
      NewSL = tradeprice
   Endif
Endif
If NewSL > 0 Then
  SELL at NewSL STOP
  EXITshort at NewSL STOP
Endif
    Nicolas thanked this post
    08/14/2020 at 2:51 AM #141557 quote
    Mathewdel
    Participant
    New

    Thanks Roberto,

    However, I’m still getting a code invalid response. Is there something I’m missing?

    // Conditions to enter long positions
IF NOT LongOnMarket AND YourConditions THEN
BUY 1 CONTRACTS AT MARKET
ENDIF

// Conditions to exit long positions
If LongOnMarket AND YourConditions THEN
SELL AT MARKET
ENDIF

// Conditions to enter short positions
IF NOT ShortOnMarket AND YourConditions THEN
SELLSHORT 1 CONTRACTS AT MARKET
ENDIF

// Conditions to exit short positions
IF ShortOnMarket AND YourConditions THEN
EXITSHORT AT MARKET
ENDIF

// Stops and targets : Enter your protection stops and profit targets here
If not OnMarket then
NewSL = 0
Endif
If NewSL = 0 and PositionPerf > 0 Then
Pips = tradeprice * PositionPerf
If Pips >= 20*pipsize Then
NewSL = tradeprice
Endif
Endif
If NewSL > 0 Then
SELL at NewSL STOP
EXITshort at NewSL STOP
Endif

    I appreciate your time in helping me.

    08/14/2020 at 7:07 AM #141573 quote
    JC_Bywan
    Moderator
    Master

    Topic moved from “ProBuilder support” forum (indicators only) to “ProOrder support” (trading strategies and backtests)

    08/14/2020 at 7:53 AM #141577 quote
    Nicolas
    Keymaster
    Master

    Sorry but what do you mean by “invalid response”?

    08/14/2020 at 12:29 PM #141626 quote
    robertogozzi
    Moderator
    Master

    This code works fine (I tested it on Dax and EurUsd, Daily TF):

    DEFPARAM CumulateOrders = false
ONCE MA = 100           //100
ONCE t  = 0             //0 = sma
ONCE N  = 50 * pipsize  //50
IF NOT LongOnMarket AND close crosses over average[MA,t] THEN
   BUY 1 CONTRACTS AT MARKET
ENDIF
If Not SHortOnMarket AND close crosses under average[MA,t] THEN
   SELLSHORT 1 CONTRACT AT MARKET
ENDIF
If not OnMarket then
   NewSL = 0
Endif
If NewSL = 0 and PositionPerf > 0 Then
   Pips = (tradeprice * PositionPerf)
   If Pips >= N Then
      NewSL = tradeprice
   Endif
Endif
If NewSL > 0 Then
   SELL at NewSL STOP
   EXITshort at NewSL STOP
Endif
SET TARGET pPROFIT 700  //700-pip goal
//
GraphOnPrice TradePrice        coloured(0,0,255,255) AS "BE TradePrice"
GraphOnPrice TradePrice + N    coloured(255,0,0,255) AS "Activation"
GraphOnPrice TradePrice + Pips coloured(0,128,0,255) AS "Temp profit"
graph positionperf

    Appending GraphOnPrice and Graph at the end of your code greatly enhances debugging.

    thanked this post
    BE-Dax.jpg BE-Dax.jpg BE-EurUsd.jpg BE-EurUsd.jpg
    08/17/2020 at 5:01 AM #141794 quote
    Mathewdel
    Participant
    New

    Great, thanks for your help guys!

    08/20/2020 at 3:31 PM #142141 quote
    deletedaccount051022
    Participant
    New

    This is really helpful – super grateful!

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Automatically Move To Break even Code


ProOrder: Automated Strategies & Backtesting

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Author
author-avatar
Mathewdel @mathewdel Participant
Summary

This topic contains 13 replies,
has 5 voices, and was last updated by deletedaccount051022
5 years, 6 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 08/13/2020
Status: Active
Attachments: 2 files
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