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Close open position based on volume

123harry · 2023-09-20T11:43:10+00:00

Hi, I would appreciate some help in code creating with the purpose of closing an open position that is losing if the volume during a candle stick exceeds a certain limit. Is that possible? As an example, I have an opened a buy order at 16.00. Timeframe is set to 15 minutes. If that position is generating a loss after 15 minutes, when the candlestick closes, I want the open position to be closed. BR Harry

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ProOrder: Automated Strategies & Backtesting
Close open position based on volume

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09/20/2023 at 12:43 PM #221330 quote

123harry
Participant

New

Hi,

I would appreciate some help in code creating with the purpose of closing an open position that is losing if the volume during a candle stick exceeds a certain limit. Is that possible?

As an example, I have an opened a buy order at 16.00. Timeframe is set to 15 minutes. If that position is generating a loss after 15 minutes, when the candlestick closes, I want the open position to be closed.

BR

Harry

09/20/2023 at 1:00 PM #221331 quote

123harry
Participant

New

…I want to close that position if it is generating a loss and the volume is above a certain limit… Sorry, I was not able to edit my message.

09/20/2023 at 6:02 PM #221351 quote
JS
Participant

Master
Hi @123harry

You can try this…
```
If NOT OnMarket and OpenTime=160000 then
Buy at Market
EndIf

If OnMarket and PositionPerf<0 and Volume>10000 then
Sell at Market
EndIf
```
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Close open position based on volume

ProOrder: Automated Strategies & Backtesting

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123harry @123harry Participant

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This topic contains 2 replies,
has 2 voices, and was last updated by JS
3 years ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	09/20/2023
Status:	Active
Attachments:	No files

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Close open position based on volume

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Close open position based on volume ProOrder: Automated Strategies & Backtesting

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Close open position based on volume

ProOrder: Automated Strategies & Backtesting