Coding Strategy to Stop

• 08/20/2021 at 7:33 AM #175742
  efahmy

  Could you help in coding the strategy to stop after the position is triggered

  

  efahmy

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  08/20/2021 at 8:05 AM #175747
  Nicolas

  You can use the QUIT instruction in order to stop a ProOrder strategy.

  

  Nicolas

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  08/20/2021 at 8:34 AM #175753
  efahmy

  I added Quit below is that correct ??

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // VARIABLES timeframe(default) stepfactor1 = 0.5 stepfactor2 = 0.25 myPRCDynamicRSI, myPRCDynamicRSI2, myPRCDynamicRSI3, myPRCDynamicRSI4 = CALL "PRC_DynamicRSI"[0.1, 0.1, 14, 60] DM = DEMA[14](close) PST = Supertrend[2,10] SL = PST - 0.25 PT = SL * 1.5 // Conditions to enter long positions IF DM < PST AND myPRCDynamicRSI < myPRCDynamicRSI2 THEN SELLSHORT 10 CONTRACTS AT MARKET ENDIF SET STOP pTRAILING SL SET TARGET pPROFIT PT QUIT //====== Trailing Stop mechanism - start ===== trailingstart = (stepfactor1 * SL ) trailingstep = (stepfactor2 * SL ) //resetting variables when no trades are on market if not onmarket then priceexit = 0 endif //case LONG order if longonmarket then //first move (breakeven) IF priceexit=0 AND close-tradeprice(1) >= trailingstart*pointsize THEN priceexit = tradeprice(1) + trailingstep*pointsize ENDIF //next moves IF priceexit>0 THEN P2 = close-priceexit >= trailingstart*pointsize IF P2 THEN priceexit = priceexit + trailingstep*pointsize ENDIF ENDIF ENDIF //case SHORT order if shortonmarket then //first move (breakeven) IF priceexit=0 AND tradeprice(1)-close >= trailingstart*pointsize THEN priceexit = tradeprice(1) - trailingstep*pointsize ENDIF //next moves IF priceexit>0 THEN P2 = priceexit-close >= trailingstart*pointsize IF P2 THEN priceexit = priceexit - trailingstep*pointsize ENDIF ENDIF ENDIF //exit on trailing stop price levels if onmarket and priceexit>0 then EXITSHORT AT priceexit STOP SELL AT priceexit STOP ENDIF //====== Trailing Stop mechanism - end =====

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // VARIABLES timeframe(default) stepfactor1 = 0.5 stepfactor2 = 0.25 myPRCDynamicRSI, myPRCDynamicRSI2, myPRCDynamicRSI3, myPRCDynamicRSI4 = CALL "PRC_DynamicRSI"[0.1, 0.1, 14, 60] DM = DEMA[14](close) PST = Supertrend[2,10] SL = PST - 0.25 PT = SL * 1.5 // Conditions to enter long positions IF DM < PST AND myPRCDynamicRSI < myPRCDynamicRSI2 THEN SELLSHORT 10 CONTRACTS AT MARKET ENDIF SET STOP pTRAILING SL SET TARGET pPROFIT PT QUIT //====== Trailing Stop mechanism - start ===== trailingstart = (stepfactor1 * SL ) trailingstep = (stepfactor2 * SL ) //resetting variables when no trades are on market if not onmarket then priceexit = 0 endif //case LONG order if longonmarket then //first move (breakeven) IF priceexit=0 AND close-tradeprice(1) >= trailingstart*pointsize THEN priceexit = tradeprice(1) + trailingstep*pointsize ENDIF //next moves IF priceexit>0 THEN P2 = close-priceexit >= trailingstart*pointsize IF P2 THEN priceexit = priceexit + trailingstep*pointsize ENDIF ENDIF ENDIF //case SHORT order if shortonmarket then //first move (breakeven) IF priceexit=0 AND tradeprice(1)-close >= trailingstart*pointsize THEN priceexit = tradeprice(1) - trailingstep*pointsize ENDIF //next moves IF priceexit>0 THEN P2 = priceexit-close >= trailingstart*pointsize IF P2 THEN priceexit = priceexit - trailingstep*pointsize ENDIF ENDIF ENDIF //exit on trailing stop price levels if onmarket and priceexit>0 then EXITSHORT AT priceexit STOP SELL AT priceexit STOP ENDIF //====== Trailing Stop mechanism - end =====

   

  

  efahmy

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