Buy x contracts if strategyprofit > y

• 04/24/2016 at 10:57 AM #5880
  Adolfo

  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)

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  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

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  if myconditions then buy myLOT contracts at market endif

   

  Seems that it’s working ok for me. Enjoy it!

   

  

  Adolfo

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  04/24/2016 at 12:02 PM #5882
  Nicolas

  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?

  

  Nicolas

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

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

  Cheers!

  

  Adolfo

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