Code Snippet – Recover to Break-even

GraHal · 2018-01-23T14:24:45+00:00

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 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’?? 🙂

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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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