Combine manual trading with algo

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12/10/2024 at 1:17 PM #241310 quote

Crillezz
Participant

Veteran

Hello everyone!
Since I am very bad at keeping my plan when I trade manually, I would like to have an algo that helps me with that.

Example: When I see a good setup. I want to go long and I know my Stop and Target. I write down my stoploss and target in my algon. And the algo does the rest.

After I type SL=40p/TP=80p and startded the algo I want it to take 4 contracts.

When it has 20p profit from entry, it should close 1 contract. My profit will be 20p/4contracts=5. Then my new SL will be 45p.

f the price goes in my favor to 40p, it will close 1 more contract. My profit will then be 20p/3 contracts=6.66p
Then my new SL = 51.6 From entry. and so on until the price reaches my SL or TP.

It would help me a lot.

12/11/2024 at 12:03 PM #241327 quote
Iván González
Moderator

Legend
Hello, here is a possible solution.
Once you want to enter the market then you can start the system. The best thing to do is to do it at a low timeframe so that it starts as soon as possible.
```
defparam cumulateorders=false
once check=1

if not onmarket and check=1 then
buy 4 contracts at market
set stop ploss 40
set target pprofit 80
endif

if onmarket and not onmarket[1] then
check=0
buyprice=tradeprice
newsl=buyprice-40*pipsize
tp1=buyprice+20*pipsize
tp2=buyprice+40*pipsize
tp3=buyprice+80*pipsize
firstlevel=0
secondlevel=0
endif

if onmarket and close > tp1 and firstlevel=0 then
firstlevel=1
sell 1 contract at market
set stop ploss 45
newsl=buyprice-45*pipsize
endif

if onmarket and close>tp2 and secondlevel=0 then
secondlevel=1
sell 1 contract at market
set stop ploss 51.6
newsl=buyprice-51.6*pipsize
endif

//graphonprice newsl coloured("red")
//graphonprice tp1 coloured("blue")
//graphonprice tp2 coloured("green")
//graphonprice tp3 coloured("orange")
```
Crillezz thanked this post
12/16/2024 at 2:42 PM #241463 quote

Crillezz
Participant

Veteran

Thank you very much. Exactly what I was looking for. Could you please help me with a code that can go short?

I’ve tried, but can’t get it to work.

02/17/2025 at 2:56 PM #243947 quote

Medvedia
Participant

New

You can manually pause the algo when needed and restart it later, but be careful with position sizes and potential conflicts. A simple button-based intervention might work for quick manual adjustments.

02/17/2025 at 5:22 PM #243950 quote

PeterSt
Participant

Master

Yea, sure.
bye

03/02/2025 at 2:01 PM #244537 quote

PeterSt
Participant

Master

I was waiting for that.
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