brent crude eur1 mini 5min code
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There were some code somewhere here that buys more contract when winning, i’m sure that could be changed to what you want. Here is the basic. I’m not finished with it yet as it has some non linear risks that needs to be adressed. Btw it was orginally Grizzlys code.
12345678910111213141516171819MaxPositionA=100Account=5000Ratio=1Equity = (Strategyprofit+account)Risk = min(round(Ratio*Equity/100000)*1,MaxPositionA)Losses = positionperf(1)<0 and positionperf(2)<0 and positionperf(3)<0streak = positionperf(1)>0 and positionperf(2)>0 and positionperf(3)>0if losses thenPositionSize = max(abs(round(max(3+risk-2,risk-2))),2)elsif not losses thenPositionSize = max(abs(round(max(3+risk,risk))),2)Endifif streak thenPositionSize = max(abs(round(max(5+risk,risk))),2)Endif1 user thanked author for this post.
You should not change those numbers. If any only the ratio in steps of 5 for every 15000 gain. You will at some point blow your account because you will be gambling with almost everything every time. a small negative P/L will result in a margin call and your positions will be automatic closed. I don’t understand fully the money management code as it’s not linear (equity vs risk), but yes when you win 3 times it will adjust for more contracts. Problem is if you run this code with only 1000 euro to start with (account=1000) you will be almost gambling with 7,8% every time you trade ONE contract with a SL at 78. two position will double your gambling risk.
so if you change the risk factor from 100000 to 100 and maxposition to 1000, you will get insane profit, but only in the backtest. 2 lost trades IRL you will blow your account.
Risk = min(round(Ratio*Equity/100000)*1,MaxPositionA)in fact I would consider lower the risk like this, however it’s up to you what you want to gamble with, so you can play with the numbers as you see the difference.
123456789101112131415161718MaxPositionA=100Account=5000Ratio=1Equity = (Strategyprofit+account)Risk = min(round(Ratio*Equity/100000)*1,MaxPositionA)Losses = positionperf(1)<0 and positionperf(2)<0 and positionperf(3)<0streak = positionperf(1)>0 and positionperf(2)>0 and positionperf(3)>0if losses thenPositionSize =max(ABS(round(max(1+Risk-2,Risk-2))),1)elsif not losses thenPositionSize =max(ABS(round(max(2+Risk,Risk))),2)endifif streak thenPositionSize = max(abs(round(max(3+risk,risk))),2)Endif1 user thanked author for this post.
Hi Kenneth 🙂
well the intended and initial code was to add more contracts if you win 3 times in a row. actually for 5 contracts. if you loose 3 times in a row it will down scale to 1 contract and or else use 3 contracts. But I think that was a bit risky if you only had a 1000 Euro account to begin with, so I change it a bit. But really you can change the code for what ever fits your riskprofile. then you wanted to add more if you loose 2 times, so I change the “losses” variable to only have 2 periods. it is easy spotted if you compare the “streak” variable. Then I took the equation from the ” if streak then” test and added a 5, so you would have more contracts if you loose 2 times in a row( this equation was the original from the “if streak then” test) The contracts would be increased along with your gain which is your “Equity” variable. How ever I found out that this process was not linear. I will add a excel spreadsheet that will show you the curve for risk vs equity. and you can also play with the numbers and see how many contracts vs. equity you will get. It will also give you an idea of how much you are risking- and to be honest It is really a lot you would risk unless you start out with a 30000 euro account. So in this process of finding out the risk management code, I must say that if I was to trade with live money I would start out with 1 fixed contract to see where it would take me, and then I would consider using the code Nicholas made, because here you have to earn you right to add more contract, where this is not the case here.
Cheers Kasper
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