break even stop loss for multiple position s

• 12/22/2018 at 6:10 PM #87599
  rama

  code for multiple positions

  //------------------------------------------------------------------------- // 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 ---

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  //------------------------------------------------------------------------- // 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

  

  rama

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  01/02/2019 at 4:15 PM #87899
  Nicolas

  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?

  

  Nicolas

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  01/02/2019 at 4:40 PM #87905
  rama

  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 )

  

  rama

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  01/03/2019 at 3:10 PM #87952
  Nicolas

  You mean that if you “BUY 2 PERPOINT” instead of 1, the breakeven is not working? (while it does with 1 PERPOINT)

  

  Nicolas

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  01/03/2019 at 3:22 PM #87956
  rama

  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

  

  rama

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  01/04/2019 at 1:54 PM #87989
  Nicolas

  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.

  

  Nicolas

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