Close all open Orders

• 02/01/2023 at 8:33 AM #208890
  Suffi

  Hello all,
  I need your help.
  in a strategy several orders are opened, sometimes more sometimes less.
  Now I want to limit the total loss and close all open positions without the “Quit” command.

  Greets

  Suffi

  

  Suffi

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  02/01/2023 at 9:26 AM #208892
  GraHal

  There are so many possible answers, I’ll start with one …

  Are you using below as the 1st line of your code?

  Defparam cumulateorders = false

  Above will mean – unless code states (?) – you won’t open more than 1.

  If you want to post your code then we may be able to help you a lot easier for us and quicker for you.

   

   

   

  

  GraHal

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  02/01/2023 at 10:01 AM #208901
  Nicolas

  If you are accumulating orders and you want to limit the loss of the orders basket, you can set an exit stop level at a certain price, by using POSITIONPRICE (which is the mean of all orders opening price):

  set the stoploss at mean opened price – 20 points, limiting the loss to “only” 20 points.

   

  ORDERS BASKET STOPLOSS

  //long positions if longonmarket then //set the stoploss at mean opened price - 20 points, limiting the loss to "only" 20 points set stop price positionprice - 20*pointsize endif

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  //long positions if longonmarket then //set the stoploss at mean opened price - 20 points, limiting the loss to "only" 20 points set stop price positionprice - 20*pointsize endif

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  GraHal

  

  Nicolas

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  02/01/2023 at 10:24 AM #208904
  PeterSt

  Sell at Market // For Long. ExitShort at Market // For Short.

  1 2	Sell at Market        // For Long. ExitShort at Market   // For Short.

  That’s all. Unless I misinterpret the situation.

  

  PeterSt

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  02/02/2023 at 6:36 AM #208922
  Suffi

  Hello all,
  Thanks for the answers.
  I can understand Nicolas approach.
  I had thought of determining the maxloss in euros.
  E.g. if loss< -500€ then close all

  I am on holiday at the moment and only have the iPad with me, so I can’t post a code.

  Greetings from New Zealand

  

  Suffi

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  02/07/2023 at 12:01 PM #209294
  Suffi

  Hello,
  I am back from holiday and can now also post the code.
  I have tried the following code but something does not fit.

  DEFPARAM CumulateOrders = true ONCE maxLOSS = 400 //Euro IF LONGONMARKET THEN IF ((tradeprice(0)-close)*POINTVALUE)>= maxLoss THEN SELL AT Market ENDIF ENDIF IF SHORTONMARKET THEN IF ((close-tradeprice(0))*POINTVALUE)>= maxLoss THEN EXITSHORT AT MARKET ENDIF ENDIF

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  DEFPARAM CumulateOrders = true ONCE maxLOSS      = 400 //Euro IF LONGONMARKET THEN IF ((tradeprice(0)-close)*POINTVALUE)>= maxLoss THEN SELL AT Market ENDIF ENDIF   IF SHORTONMARKET THEN IF ((close-tradeprice(0))*POINTVALUE)>= maxLoss THEN EXITSHORT AT MARKET ENDIF ENDIF

  

  Suffi

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  02/07/2023 at 12:12 PM #209295
  GraHal

  Your version will check for exit conditions at the end of each bar.

  Nicolas version sets a pending order which can trigger during a bar.

  

  GraHal

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  02/07/2023 at 2:45 PM #209306
  Suffi

  Hello,
  I can’t get my head around this and I’m trying to explain it again.

  Ex.
  Position value 1€/point
  maxloss: 500 €
  1st pos. buy at 10.000 € results in a distance of 500 points for the SL.
  2nd pos. buy at 10.100 € results in a buy price of 10.050.
  Now I have 2 positions. The SL changes to 250 points, but to the new purchase price of 10.050€.
  As more positions I have, the tighter the stoploss becomes from the changing purchase price.
  I can’t get the code to work.

  Greetings
  Suffi

  

  Suffi

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  02/07/2023 at 3:01 PM #209308
  GraHal

  Try below and let us know?

  ONCE maxLOSS      = 400*countofposition //Euro

  https://www.prorealcode.com/documentation/countofposition/

  

  GraHal

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  02/07/2023 at 5:03 PM #209312
  Suffi

  Hi,

  I hope thats right.

  If LongOnMarket THEN set stop price POSITIONPRICE - (maxloss / (COUNTOFLONGSHARES * pointsize)) ENDIF If ShortOnMarket THEN set stop price POSITIONPRICE + (maxloss / (COUNTOFSHORTSHARES * pointsize)) ENDIF

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  If LongOnMarket THEN set stop price POSITIONPRICE - (maxloss / (COUNTOFLONGSHARES * pointsize)) ENDIF   If ShortOnMarket THEN set stop price POSITIONPRICE + (maxloss / (COUNTOFSHORTSHARES * pointsize)) ENDIF

  

  Suffi

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  02/07/2023 at 7:27 PM #209321
  GraHal

  Isn’t below what it should be?
  Try yours and mine on Live data on Demo Account.

  Let us know how it goes.

  If LongOnMarket THEN set stop price POSITIONPRICE - (maxloss * pointsize)) ENDIF If ShortOnMarket THEN set stop price POSITIONPRICE + (maxloss* pointsize)) ENDIF

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  If LongOnMarket THEN set stop price POSITIONPRICE - (maxloss * pointsize)) ENDIF If ShortOnMarket THEN set stop price POSITIONPRICE + (maxloss* pointsize)) ENDIF

   

  

  GraHal

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  02/08/2023 at 9:05 AM #209338
  Suffi

  hello,
  this is the result of the code below, it should be correct.

  maxloss=300 //€

  If LongOnMarket THEN set stop price POSITIONPRICE - (maxloss / (COUNTOFLONGSHARES * pointsize)) ENDIF If ShortOnMarket THEN set stop price POSITIONPRICE + (maxloss / (COUNTOFSHORTSHARES * pointsize)) ENDIF

  1 2 3 4 5 6 7

  If LongOnMarket THEN set stop price POSITIONPRICE - (maxloss / (COUNTOFLONGSHARES * pointsize)) ENDIF   If ShortOnMarket THEN set stop price POSITIONPRICE + (maxloss / (COUNTOFSHORTSHARES * pointsize)) ENDIF

   

  

  Suffi

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  02/08/2023 at 10:51 AM #209343
  GraHal

  Suffi wrote:

  As more positions I have, the tighter the stoploss becomes from the changing purchase price.

  If you not want stop price to reduce with more positions then why are you using maxloss / COUNTOFSHARES  in your code above?

  If you are happy with the result you show in your screenshot then all is good? 

   

   

  

  GraHal

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