Code Snippet – Recover to Break-even

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  • 01/23/2018 at 3:24 PM #60331 quote
    GraHal
    Participant
    Master

    Anybody please have / could code a code snippet to achieve the following in an Auto-Trade.
    Please feel free to add / amend / improve the spec …

    • Loss > X points
    • Recover back to Y% of Loss?
    • Exit trade if momentum < Z at Y% of Loss.

    The logic in my mind / experience is that if the loss > x points and there is then a good run up / down (back to breakeven / near) then the trade is likely to retrace again so I exit, breathe a sigh of relief and go make a coffee! 🙂

    Above logic is more suited to short term trades / intraday.

    I recall this being discussed and have searched on here with no success.

    Thank You
    GraHal
    PS I am working on a solution myself, but any suggestions would be appreciated and would then be here for the benefit of others … until we get the ‘snippet repository’?? 🙂

    01/23/2018 at 8:19 PM #60347 quote
    AutoStrategist
    Participant
    Veteran

    Hi Grahal, how you doing?  Have been taking a break from the site but couldn’t resist having a go at this.  I haven’t tested it but it should be there or thereabouts, any questions give me a shout.

    ONCE PercentofMAE = 0.8 // 80% as decimal
ONCE MinimumMomentum = 10
ONCE MaxAEPermitted = 50 // Max loss to reach to trigger conditions

// MaxAE needs to be set to 0 when opening a position

if longonmarket then
if close < positionprice then
LossNow = abs(close - positionprice)
MaxAE = MAX(MaxAE,LossNow)
if MaxAE > MaxAEPermitted then
c1 = LossNow < MaxAE*PercentofMAE
c2 = Momentum[12](close) < MinimumMomentum
if  c1 and c2  then
sell at market
endif
endif
endif
elsif shortonmarket then
if close > positionprice then
// ...
endif
endif
    GraHal, Juan Salas and Nicolas thanked this post
    01/23/2018 at 10:39 PM #60353 quote
    GraHal
    Participant
    Master

    Hi AS, nice one! great to see you back!

    Many thanks, looks good!

    I’ll let you know how it goes.

    Cheers
    GraHal

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Code Snippet – Recover to Break-even


ProOrder: Automated Strategies & Backtesting

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GraHal @investment_account Participant
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This topic contains 2 replies,
has 2 voices, and was last updated by GraHal
8 years, 1 month ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 01/23/2018
Status: Active
Attachments: No files
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