Buy 2 shares and sell one with a little profit and one when indicators change

• 04/20/2016 at 11:11 PM #5727
  simon_json

  Hi,

  If I would want to:

  Buy 2 shares and sell one with a little profit and one when indicators change, how can I code that?

  Maybe something like this?:

  IF c1>c2 THEN BUY 2 SHARES AT MARKET ENDIF IF "little profit" THEN SELL 1 SHARES AT MARKET ENDIF IF c1<c2 THEN SELL "all" AT MARKET ENDIF

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  IF c1>c2 THEN   BUY 2 SHARES AT MARKET   ENDIF   IF "little profit" THEN   SELL 1 SHARES AT MARKET   ENDIF IF c1<c2 THEN   SELL "all" AT MARKET   ENDIF

   

  This is an attempt to compensate for a not trending market, with a trend following system.

  Thanks!

  

  simon_json

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  04/20/2016 at 11:15 PM #5728
  simon_json

  Maybe I can use:

  myCurrentProfit = STRATEGYPROFIT

  1	myCurrentProfit = STRATEGYPROFIT

  ?
  But if I want to define the profit in points?

  

  simon_json

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  04/21/2016 at 8:38 AM #5735
  Nicolas

  Hi simon, unfortunaly it is not possible to do partial close of the positions.

  About STRATEGYPROFIT, it defines the profit in money but for closed trades, not them actually on market.

  If you want to define the profit in points, you can make a loop through all the orders and make an addition of the whole actual profit:

  for short position example

  tradeprofit=0 if shortonmarket then for i=0 to countofshortshares-1 do tradeprofit=tradeprofit+(tradeprice(i)-close) next endif

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  tradeprofit=0   if shortonmarket then   for i=0 to countofshortshares-1 do   tradeprofit=tradeprofit+(tradeprice(i)-close) next   endif

   

  

  Nicolas

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  04/21/2016 at 5:45 PM #5763
  simon_json

  Thanks!

  

  simon_json

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  05/29/2016 at 2:19 PM #8313
  Gustaf

  Hi!
  How comes it’s not possible in PRT to partially close your position?
  Many of my “manual” strategies use this, so it’s a bummer if it will never get implemented in ProOrder.

  Do you have any information if it might be possible in the future?

  Cheers!

  

  Gustaf

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  05/29/2016 at 2:25 PM #8315
  Nicolas

  It’s due to broker convention limitations actually. This is a must have you are right.  I don’t know when it will be available sorry.

  

  Nicolas

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  05/29/2016 at 2:45 PM #8317
  Yannick

  Hello

  to solve this problem the only Way I found is to run two times the same algorithme with two different take profit …

  

  Yannick

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  05/30/2016 at 12:25 PM #8359
  xozhang

  Hi there,

  Same problem here,  my strategy also employs partially closing of positions. I’ve tried to solve this by using a proprietary code for the stop loss and target profit  without using the build-in commands “set stop loss” and set target profit”. But this only solves the problem partially since my timeframe of preference is the 1H, the positions don’t get closed at the preprogrammed  desired levels due to the fact PRT doesn’t close the position until the nextbar open, so if this level differs a lot from the desired closing level then there will be a discrepancy between real trading and backtesting. This discrepancy becomes much smaller when trading the smaller timeframes.

  Regards,

  

  xozhang

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  09/03/2016 at 6:04 PM #12637
  IGOSNELL

  This is unfortunate wanted to forward test a strategy in my demo IG account and then suddenly realised that I could not because  my strategy partially closes positions. I find especially with short positions on the SA TOP 40 index  to take profits helps a lot in making short trades profitable.

  

  IGOSNELL

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  09/06/2016 at 9:01 AM #12700
  David

  Nicolas I thought this partial close (x units) objective could be achieved with the floatingprofit code?

  

  David

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  09/06/2016 at 1:03 PM #12709
  Nicolas

  Partial close of positions is only possible in paper trading. When you SELL or EXHITSHORT, every positions on market will be closed. I heard it would be possible in the future with the new IG API, but it’s only a “rumor” for now..

  2 users thanked author for this post.

  Cosmic1, Elsborgtrading

  

  Nicolas

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