ramaParticipant
Senior
//-------------------------------------------------------------------------
// Main code : MySystem(159)
//-------------------------------------------------------------------------
// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated
x=3
if not onmarket and time>=080000 and time<=210000 then
// Conditions to enter long positions
indicator1 = Average[7](high)
c1 = (close >= indicator1)
IF c1 THEN
BUY 1 PERPOINT AT lowest[3](low)+2 limit
ENDIF
// Conditions to enter short positions
indicator2 = Average[7](high)
c2 = (close <= indicator2)
IF c2 THEN
SELLSHORT 1 PERPOINT AT highest[3](high)-x limit
ENDIF
endif
if longonmarket then
// Conditions to enter long positions
indicator1 = Average[7](high)
c1 = (close >= indicator1)
IF c1 THEN
BUY 1 PERPOINT AT lowest[3](low)+2 limit
ENDIF
endif
if shortonmarket then
// Conditions to enter short positions
indicator2 = Average[7](high)
c2 = (close <= indicator2)
IF c2 THEN
SELLSHORT 1 PERPOINT AT highest[3](high)-x limit
ENDIF
endif
startBreakeven = 10//how much pips/points in gain to activate the breakeven function?
PointsToKeep = 1//how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread)
set stop loss 10
set target profit 500
//reset the breakevenLevel when no trade are on market
IF NOT ONMARKET THEN
breakevenLevel=0
ENDIF
// --- BUY SIDE ---
//test if the price have moved favourably of "startBreakeven" points already
IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN
//calculate the breakevenLevel
breakevenLevel = tradeprice(1)+PointsToKeep*pipsize
ENDIF
//place the new stop orders on market at breakevenLevel
IF breakevenLevel>0 THEN
SELL AT breakevenLevel STOP
ENDIF
// --- end of BUY SIDE ---
// --- BUY SIDE ---
//test if the price have moved favourably of "startBreakeven" points already
IF shortonmarket AND tradeprice(1)-close>=startBreakeven*pipsize THEN
//calculate the breakevenLevel
breakevenLevel = tradeprice(1)-PointsToKeep*pipsize
ENDIF
//place the new stop orders on market at breakevenLevel
IF breakevenLevel>0 THEN
exitshort AT breakevenLevel STOP
ENDIF
// --- end of BUY SIDE ---
I want to use the above for n amount/pt
will this work? if not what changed I need to make
the idea when not market conditions c1 met open long and if the market moves in my favor, move the stop loss to break even
add one more position move the stop loss to break keep adding till amount/pt “n” is reached
Sorry, but I don’t understand your query. Do you need the breakeven calculation made with money?
Add another order when the first one is at breakeven?
ramaParticipant
Senior
Break even works for only one open position
If I run the program with 1 amount/point this will work fine
I I run the program for >= break even wont move ( once in profit I am trying to move to break even )
You mean that if you “BUY 2 PERPOINT” instead of 1, the breakeven is not working? (while it does with 1 PERPOINT)
ramaParticipant
Senior
let me explain in details
say buy 1 perpoint at close+x stop
if position is moved in my favour , the code moves to break even( based on points to keep)
upto this point it works fine
*****************************
If I add one more position the this also need to be moved to break even if the profit is my favor based on the number of points to keep
Ok, but that’s not possible to set individual stoploss this way. Once a pending order is triggered it closes all the orders at the same time.
It could be managed with partial closure, but it is still not possible with a real account, but only in backtesting.
