Change stop loss and profit to match with dividends adjustment

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  • 08/29/2022 at 12:01 PM #199786 quote
    Amin1233
    Participant
    Junior

    Hi
    there is dividends adjustment for indices that is applied at the close time of each market in IG. It can be from 1 point to 50 points sometimes. So if I have a system in 5 min chart with a few positions open that the stop loss and take profits are less than the diviadjustment level, my positions will be closed regardless if I am in profit or loss. I need a code to add the dividends adjustment points to all of my open positions Can anyone help me with this? The tricky part is that if I am short on market the target should change right before dividends adjustment eg 15:55 but the stop should change after dividends adjustment eg 16:05. And for all long positions the stop loss should change right before eg 15:55 and target right after .
    cheers

    08/29/2022 at 12:07 PM #199787 quote
    Amin1233
    Participant
    Junior

    The adjustment points are always deducted from the indice, for example if a buy positions open at 12000 with target of 100 and stops if 200 and dividends adjustment is 50 then the new target is 12050 and new stop is 11750.

    08/29/2022 at 9:05 PM #199845 quote
    JS
    Participant
    Senior
    Once ExDividendDate = 000000
Once ExDividendLevel = 00

If Date = ExDividendDate then
If ShortOnMarket and CurrentTime = 155500 then
MyTarget = MyTarget - ExDividendLevel
ElsIf ShortOnMarket and CurrentTime = 160500 then
MyStop = MyStop + ExDividendLevel
EndIf
If LongOnMarket and CurrentTime = 155500 then
MyStop = MyStop - ExDividendLevel
ElsIf LongOnMarket and CurrentTime = 160500 then
MyTarget = MyTarget + ExDividendLevel
EndIf
EndIf
    Hi @Amin1233

    You will first have to know and enter the ex-Dividend dates and the corresponding Dividend levels and then you can supplement the code of your trading system with, for example, the code above:

    08/29/2022 at 9:22 PM #199849 quote
    Amin1233
    Participant
    Junior
    thanks , i will give it a go
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Change stop loss and profit to match with dividends adjustment


ProOrder: Automated Strategies & Backtesting

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Amin1233 @amin1233 Participant
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This topic contains 3 replies,
has 2 voices, and was last updated by Amin1233
3 years, 5 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 08/29/2022
Status: Active
Attachments: No files
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