Buy x contracts if strategyprofit > y

Viewing 3 posts - 1 through 3 (of 3 total)

Author

Posts
04/24/2016 at 10:57 AM #5880 quote
Adolfo
Participant

Senior
Hi everyone!

I find a way to join the market with the exact risk that I wanna take in each trade, and wanted to share it with you.
```
capitalinicial = 10000 //Capital
riesgo = 0.07 // risk per operation

REM Money management
equity = capitalinicial+strategyprofit
maxriesgo = round(equity*riesgo)

REM Stop distance
pipstop = //your stop variable or number

REM Calculate contracts
myLOT = abs(((maxriesgo/pipstop)/PointValue)*pipsize)
```
MyLOT will be the number of contracts in next operation:
```
if myconditions then
buy myLOT contracts at market
endif
```
Seems that it’s working ok for me. Enjoy it!
04/24/2016 at 12:02 PM #5882 quote

Nicolas
Keymaster

Master

Thanks a lot Adolfo! Much appreciated to share this code snippet with the community. It makes me think that we could create some kind of “perfect” codes examples for usual needs like money management, grid orders, stop trailing, etc.. What do you think?

04/24/2016 at 3:37 PM #5897 quote

Adolfo
Participant

Senior

Exactly what i was looking for! I will contribute on this as much as i can!

Cheers!
Author

Posts

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.

Login your account

Buy x contracts if strategyprofit > y

ProOrder: Automated Strategies & Backtesting

New Reply

Author

Adolfo @adolfo_onrubia Participant

Summary

This topic contains 2 replies,
has 2 voices, and was last updated by Adolfo
9 years, 9 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	04/24/2016
Status:	Active
Attachments:	No files

Loading...