Code for partial close with percentage

• 02/21/2021 at 2:52 PM #162196
  robertogozzi

  No, I was talking about your previous post, to exit 75% of the whole position in three steps, without using different flags and sevarel IF…ENDIF’s:

  // partial close ONCE partialclose = 1 ONCE PerCent = 0.25 //25% = positions to close ONCE PerCentGain = 0.005 //0.5% increase ONCE MinLotSize = 0.5 //0.5 lots minimum // if partialclose and OnMarket then ExitQuantity = max(ExitQuantity[1],abs(CountOfPosition) * PerCent) LeftQty = max(MinLotSize,abs(CountOfPosition) - ExitQuantity) CloseQuantity = abs(CountOfPosition) - LeftQty else CloseQuantity = 0 endif // IF close >= (PositionPrice * (1 + PerCentGain)) AND LongOnMarket AND CloseQuantity > 0 THEN SELL CloseQuantity Contracts AT Market ENDIF

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  // partial close ONCE partialclose = 1 ONCE PerCent      = 0.25             //25%  = positions to close ONCE PerCentGain  = 0.005            //0.5% increase ONCE MinLotSize   = 0.5              //0.5  lots minimum // if partialclose and OnMarket then    ExitQuantity   = max(ExitQuantity[1],abs(CountOfPosition) * PerCent)    LeftQty        = max(MinLotSize,abs(CountOfPosition) - ExitQuantity)    CloseQuantity  = abs(CountOfPosition) - LeftQty else    CloseQuantity  = 0 endif // IF close >= (PositionPrice * (1 + PerCentGain)) AND LongOnMarket AND CloseQuantity > 0 THEN    SELL CloseQuantity Contracts AT Market ENDIF

   

  

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  02/21/2021 at 2:54 PM #162197
  robertogozzi

  Example on Dax, daily TF:

  // partial close ONCE partialclose = 1 ONCE PerCent = 0.25 //25% = positions to close ONCE PerCentGain = 0.005 //0.5% increase ONCE MinLotSize = 0.5 //0.5 lots minimum // if partialclose and OnMarket then ExitQuantity = max(ExitQuantity[1],abs(CountOfPosition) * PerCent) LeftQty = max(MinLotSize,abs(CountOfPosition) - ExitQuantity) CloseQuantity = abs(CountOfPosition) - LeftQty else CloseQuantity = 0 endif // IF close crosses over average[200] and Not OnMarket then buy 10 contracts at market set target pProfit 1000 set stop pLoss 500 endif // IF close >= (PositionPrice * (1 + PerCentGain)) AND LongOnMarket AND CloseQuantity > 0 THEN SELL CloseQuantity Contracts AT Market ENDIF graph abs(countofposition)

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  // partial close ONCE partialclose = 1 ONCE PerCent      = 0.25             //25%  = positions to close ONCE PerCentGain  = 0.005            //0.5% increase ONCE MinLotSize   = 0.5              //0.5  lots minimum // if partialclose and OnMarket then    ExitQuantity   = max(ExitQuantity[1],abs(CountOfPosition) * PerCent)    LeftQty        = max(MinLotSize,abs(CountOfPosition) - ExitQuantity)    CloseQuantity  = abs(CountOfPosition) - LeftQty else    CloseQuantity  = 0 endif // IF close crosses over average[200] and Not OnMarket then    buy 10 contracts at market    set target pProfit 1000    set stop   pLoss   500 endif // IF close >= (PositionPrice * (1 + PerCentGain)) AND LongOnMarket AND CloseQuantity > 0 THEN    SELL CloseQuantity Contracts AT Market ENDIF graph abs(countofposition)

   

  

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  02/21/2021 at 3:03 PM #162199
  robertogozzi

  The use of [1] in line 8 is to make sure it never falls below the previous value, so that the percentage of 25%, whatever the number it is calculated on, remains unchanged.

  

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  02/21/2021 at 3:12 PM #162203
  nonetheless

  So that will make a 25% partial close at each .5% increase? Doesn’t it need the flag to keep it from repeating each step?

  

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  02/21/2021 at 4:39 PM #162238
  robertogozzi

  You are right ,

  I added  Increments to my example above, so that the percentage is increased each new closure by PerCentGain steps:

  // partial close ONCE partialclose = 1 ONCE PerCent = 0.25 //25% = positions to close ONCE PerCentGain = 0.005 //0.5% increase ONCE MinLotSize = 0.5 //0.5 lots minimum ONCE Increments = 1 // if partialclose and OnMarket then ExitQuantity = max(ExitQuantity[1],abs(CountOfPosition) * PerCent) LeftQty = max(MinLotSize,abs(CountOfPosition) - ExitQuantity) CloseQuantity = abs(CountOfPosition) - LeftQty else CloseQuantity = 0 Increments = 1 endif // IF close crosses over average[200] and Not OnMarket then buy 10 contracts at market set target pProfit 1000 set stop pLoss 500 endif // IF close >= (PositionPrice * (1 + (PerCentGain * Increments))) AND LongOnMarket AND CloseQuantity > 0 THEN SELL CloseQuantity Contracts AT Market Increments = Increments + 1 ENDIF graph abs(countofposition) graph PerCentGain * Increments graph ExitQuantity

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  // partial close ONCE partialclose = 1 ONCE PerCent      = 0.25             //25%  = positions to close ONCE PerCentGain  = 0.005            //0.5% increase ONCE MinLotSize   = 0.5              //0.5  lots minimum ONCE Increments   = 1 // if partialclose and OnMarket then    ExitQuantity   = max(ExitQuantity[1],abs(CountOfPosition) * PerCent)    LeftQty        = max(MinLotSize,abs(CountOfPosition) - ExitQuantity)    CloseQuantity  = abs(CountOfPosition) - LeftQty else    CloseQuantity  = 0    Increments     = 1 endif // IF close crosses over average[200] and Not OnMarket then    buy 10 contracts at market    set target pProfit 1000    set stop   pLoss   500 endif // IF close >= (PositionPrice * (1 + (PerCentGain * Increments))) AND LongOnMarket AND CloseQuantity > 0 THEN    SELL CloseQuantity Contracts AT Market    Increments = Increments + 1 ENDIF graph abs(countofposition) graph PerCentGain * Increments graph ExitQuantity

  you can also remove and Not OnMarket  to accumulate positions.

  1 user thanked author for this post.

  nonetheless

  

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  02/21/2021 at 5:32 PM #162249
  nonetheless

  that looks great, and far more elegant.

  but now I’m thinking it would be better to be able to alter the percent and percentgain independently. so, for example, it might close 0.3 of the position after a 0.6% gain, then 0.5 at 1.6% gain (all percentages to be optimized).

  This seems to work, but it looks very clunky compared to yours:

  ONCE partialclose = 1 ONCE PerCent = pc //10% positions to close ONCE PerCent2 = pc2 //25% positions to close ONCE PerCentGain = pcg //0.5% increase ONCE PerCentGain2 = pcg2 //1% increase ONCE MinLotSize = 0.5 //0.5 lots minimum ExitQuantity = abs(CountOfPosition) * PerCent LeftQty = max(MinLotSize,abs(CountOfPosition) - ExitQuantity) CloseQuantity = abs(CountOfPosition) - LeftQty ExitQuantity2 = abs(CountOfPosition) * PerCent2 LeftQty2 = max(MinLotSize,abs(CountOfPosition) - ExitQuantity2) CloseQuantity2 = abs(CountOfPosition) - LeftQty2 IF Not OnMarket THEN Flag = 1 ENDIF IF partialclose AND LongOnMarket and close >= (PositionPrice * (1 + PerCentGain)) AND Flag THEN SELL CloseQuantity Contracts AT Market Flag = 0 endif IF Not OnMarket THEN Flag2 = 1 ENDIF IF partialclose AND LongOnMarket and close >= (PositionPrice * (1 + PerCentGain2)) AND Flag2 THEN SELL CloseQuantity2 Contracts AT Market Flag2 = 0 endif endif

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  ONCE partialclose = 1 ONCE PerCent     = pc              //10%  positions to close ONCE PerCent2     = pc2              //25%  positions to close ONCE PerCentGain = pcg            //0.5%  increase ONCE PerCentGain2 = pcg2            //1%  increase ONCE MinLotSize  = 0.5              //0.5  lots minimum ExitQuantity     = abs(CountOfPosition) * PerCent LeftQty          = max(MinLotSize,abs(CountOfPosition) - ExitQuantity) CloseQuantity    = abs(CountOfPosition) - LeftQty   ExitQuantity2     = abs(CountOfPosition) * PerCent2 LeftQty2          = max(MinLotSize,abs(CountOfPosition) - ExitQuantity2) CloseQuantity2    = abs(CountOfPosition) - LeftQty2   IF Not OnMarket THEN Flag = 1 ENDIF   IF partialclose AND LongOnMarket and close >= (PositionPrice * (1 + PerCentGain))  AND Flag THEN SELL CloseQuantity Contracts AT Market Flag = 0 endif   IF Not OnMarket THEN Flag2 = 1 ENDIF   IF partialclose AND LongOnMarket and  close >= (PositionPrice * (1 + PerCentGain2)) AND Flag2 THEN SELL CloseQuantity2 Contracts AT Market Flag2 = 0 endif endif

   

  

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  02/21/2021 at 6:07 PM #162258
  robertogozzi

  Yes, but if percentages need to be different you have no choice but do as you’ve done.

  Well… you could use arrays… but that’s more complicated!

   

  

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  02/21/2021 at 6:16 PM #162260
  nonetheless

  Ok, I’ll stay with what I’ve got then – thanks for confirming.

   

  

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  03/28/2021 at 4:13 AM #165530
  s00071609

  I was wondering if this code is valid, bit confused with use of ONCE function

  What I am trying is – once the price trades above 10% of Positionprice, LTU condition is valid forever – even if price comes under 10% of position price. I am trying to replace ONCE PIP in above code with percentage.

  Once PercentLTU=1.1 LTU=Close>PERCENTLTU*Positionprice IF longonmarket and ExitClose and LTU then Sell at MARKET ENDIF

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  Once PercentLTU=1.1   LTU=Close>PERCENTLTU*Positionprice   IF longonmarket and ExitClose and LTU then Sell at MARKET ENDIF

   

  

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  03/28/2021 at 6:48 AM #165538
  robertogozzi

  Line 3 changes every bar, so LTU isn’t valid forever!

  ONCE is used only in line 1 because PercentLTU never changes.

   

  

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  03/28/2021 at 7:55 AM #165541
  s00071609

  thanks. Then how would it be possible to allow price to trade above the MA and then exit it when it closes below MA. For example, how to have the strategy do nothing before price trades above a Moving average after entry (eg. price is now above Daily 20 MA, but entry was well below that MA.

  Please see the attached image.

  

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  03/28/2021 at 9:00 AM #165544
  robertogozzi

  Exit:

  If OnMarket AND close CROSSES OVER average[20] THEN SELL AT MARKET //Long EXITSHORT AT MARKET //Short ENDIF

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  If OnMarket AND close CROSSES OVER average[20] THEN    SELL AT MARKET      //Long    EXITSHORT AT MARKET //Short ENDIF

   

  

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  03/28/2021 at 9:04 AM #165545
  robertogozzi

  I am not sure I really understood your question, though.

  Can you make an example with the percentage you talked about?

   

  

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  03/28/2021 at 9:27 AM #165547
  s00071609

  Timeframe (daily) MA=Average[20] Dailyclose=close //Entry price is well below daily MA or Daily MA is still bearish at Entry Timeframe (1 Hour) If price crosses over Average [10] then Buy 1 contract at Market Endif //Below condition is triggered when Daily MA tries to turn bullish and exit trade prematurely If longonmarket and Dailyclose<MA then Sell at market Endif

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  Timeframe (daily) MA=Average[20] Dailyclose=close   //Entry price is well below daily MA or Daily MA is still bearish at Entry Timeframe (1 Hour) If price crosses over Average [10] then Buy 1 contract at Market Endif   //Below condition is triggered when Daily MA tries to turn bullish and exit trade prematurely If longonmarket and Dailyclose<MA then Sell at market Endif

  Entry is no issue. Problem is that the entry is below the daily MA, as the price hovers around the daily MA in the process of turning bullish for first time after trade entry, the exit condition is triggered. To solve this i wanted price to trade 20% above positionprice. Once the 20% mark is reached, the exit condition always remains true. For example, If entry price is $10, price goes to $15 and then returns to $11 – I want to exit if Dailyclose<MA in below code.

  Once PercentLTU=1.1 LTU<span class="crayon-o">=</span><span class="crayon-st">Close</span><span class="crayon-o">></span>PERCENTLTU<span class="crayon-o">*</span><span class="crayon-st">Positionprice </span> If longonmarket and Dailyclose<MA and LTU then Sell at market Endif

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  Once PercentLTU=1.1 LTU<span class="crayon-o">=</span><span class="crayon-st">Close</span><span class="crayon-o">></span>PERCENTLTU<span class="crayon-o">*</span><span class="crayon-st">Positionprice </span> If longonmarket and Dailyclose<MA and LTU then Sell at market Endif

  I was assuming the below code does what I am saying above. I wanted to replace pips with percentage. For below code when price trades above 20 pips from position price, the condition is still true if the price comes back to say 10 pips from position price.

   

  ONCE PerCent = 0.5 //50% = positions to close ONCE Pips = 20 * PipSize ONCE MinLotSize = 0.5 //0.5 lots minimum ExitQuantity = abs(CountOfPosition) * PerCent RemainQty = max(MinLotSize,abs(CountOfPosition) - ExitQuantity) CloseQuantity = abs(CountOfPosition) - RemainQty IF close >= (PositionPrice + Pips) AND LongOnMarket THEN SELL CloseQuantity Contracts AT Market ELSIF close <= (PositionPrice - Pips) AND ShortOnMarket THEN EXITSHORT CloseQuantity Contracts AT Market ENDIF

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  ONCE PerCent     = 0.5              //50%  = positions to close ONCE Pips        = 20 * PipSize ONCE MinLotSize  = 0.5              //0.5  lots minimum ExitQuantity     = abs(CountOfPosition) * PerCent RemainQty        = max(MinLotSize,abs(CountOfPosition) - ExitQuantity) CloseQuantity    = abs(CountOfPosition) - RemainQty IF close >= (PositionPrice + Pips) AND LongOnMarket THEN    SELL CloseQuantity Contracts AT Market ELSIF close <= (PositionPrice - Pips) AND ShortOnMarket THEN    EXITSHORT CloseQuantity Contracts AT Market ENDIF

   

  

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  03/28/2021 at 10:49 AM #165549
  robertogozzi

  This is the code you need (not tested):

  Timeframe (daily) MA=Average[20] Dailyclose=close //Entry price is well below daily MA or Daily MA is still bearish at Entry Timeframe (1 Hour) IF Not OnMarket THEN ExitFlag = 0 ENDIF If price crosses over Average [10] then Buy 1 contract at Market Endif IF close >= (PositionPrice * 1.2) THEN ExitFlag = 1 //Signal when current price reaches +20% ENDIF //Below condition is triggered when Daily MA tries to turn bullish and exit trade prematurely If longonmarket and Dailyclose<MA AND ExitFlag then Sell at market Endif

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  Timeframe (daily) MA=Average[20] Dailyclose=close //Entry price is well below daily MA or Daily MA is still bearish at Entry Timeframe (1 Hour) IF Not OnMarket THEN    ExitFlag = 0 ENDIF If price crosses over Average [10] then    Buy 1 contract at Market Endif IF close >= (PositionPrice * 1.2) THEN       ExitFlag = 1                       //Signal when current price reaches +20% ENDIF //Below condition is triggered when Daily MA tries to turn bullish and exit trade prematurely If longonmarket and Dailyclose<MA AND ExitFlag then    Sell at market Endif

  I just added a flag to signal when exit is allowed (after reaching +20%) once it retraces below MA.

   

  

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