Compound and Parital close function

• 11/09/2023 at 12:42 PM #223423
  Taftclon

  Hello!

  I have a trading idea that I need help with.

  I can’t get the partial close function to work with my compound effect, does anyone know what I’m doing wrong?

  When i remove line 3 to 5 the partial close function works as it should see attached image.

  thankful for any help 🙂

   

  Compound and partial closure

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated //amount of contract/lot/shares to open for each order Amount=10 takeprofit = PATR*AverageTrueRange[NATR](close) //takeprofit in points stoploss = SATR*AverageTrueRange[NATR](close) //stoploss in points BreakevenAt = PATR*AverageTrueRange[NATR](close)/3//percent achieved of target to move stop to entry (breakeven) PointsToKeep = 3 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) Lot2Close = Amount/2 //amount of contract/lot/shares quantity to close when breakeven occurs //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 093000 timeEnterBefore = time >= noEntryBeforeTime // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 173000 timeEnterAfter = time < noEntryAfterTime // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 OR OpenDayOfWeek = 1 if currentmonth = 4 then longmonthcondition = 0 else longmonthcondition = 1 endif if currentmonth = 1 then shortmonthcondition = 0 else shortmonthcondition = 1 endif // Conditions to enter long positions indicator1 = Average[40,8](close) // 10,6 indicator2 = Average[40,3](close) // 50,7 c1 = (indicator1 crosses over indicator2) indicator3 = Average[200,1](close) if close > indicator3 then tradeonlong = 1 else tradeonlong = 0 endif IF NOT LongOnMarket AND c1 and tradeonlong and timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry and longmonthcondition THEN BUY amount CONTRACT AT MARKET ENDIF // Conditions to enter Short positions indicator4 = Average[42,0](close) // 90,1 indicator5 = Average[29,0](close) // 50,4 c2 = (indicator4 crosses over indicator5) if close < indicator3 then tradeonshort = 1 else tradeonshort = 0 endif IF NOT ShortOnMarket AND c2 and tradeonshort and timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry and shortmonthcondition THEN SELLSHORT amount CONTRACTS AT MARKET ENDIF // Stops and targets NATR = 14 //ATR Period SATR = 2 // ATR Multiplier for Stop PATR = 3// ATR Multiplier for Profit //Stop and Target SET STOP LOSS SATR*AverageTrueRange[NATR](close) SET TARGET PROFIT PATR*AverageTrueRange[NATR](close) startBreakeven = takeprofit*(BreakevenAt/100)//how much pips/points in gain to activate the breakeven function? // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF LONGONMARKET AND breakevenLevel>0 THEN SELL AT breakevenLevel STOP if countoflongshares=amount then sell Lot2Close contract at market endif ENDIF // --- end of BUY SIDE --- // --- SELL SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF SHORTONMARKET AND tradeprice(1)-close>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF SHORTONMARKET AND breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP if countofshortshares=amount then exitshort Lot2Close contract at market endif ENDIF // --- end of SELL SIDE ---

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated       //amount of contract/lot/shares to open for each order Amount=10 takeprofit = PATR*AverageTrueRange[NATR](close) //takeprofit in points stoploss = SATR*AverageTrueRange[NATR](close) //stoploss in points BreakevenAt = PATR*AverageTrueRange[NATR](close)/3//percent achieved of target to move stop to entry (breakeven) PointsToKeep = 3 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) Lot2Close = Amount/2 //amount of contract/lot/shares quantity to close when breakeven occurs   //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF   // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 093000 timeEnterBefore = time >= noEntryBeforeTime   // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 173000 timeEnterAfter = time < noEntryAfterTime   // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 OR OpenDayOfWeek = 1 if currentmonth = 4 then longmonthcondition = 0 else longmonthcondition = 1 endif if currentmonth = 1  then shortmonthcondition = 0 else shortmonthcondition = 1 endif   // Conditions to enter long positions indicator1 = Average[40,8](close) // 10,6 indicator2 = Average[40,3](close) //  50,7 c1 = (indicator1 crosses over indicator2)     indicator3 = Average[200,1](close) if close > indicator3 then tradeonlong = 1 else tradeonlong = 0 endif     IF NOT LongOnMarket AND  c1 and tradeonlong and timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry and longmonthcondition THEN BUY amount CONTRACT AT MARKET ENDIF   // Conditions to enter Short positions indicator4 = Average[42,0](close) // 90,1 indicator5 = Average[29,0](close) //  50,4 c2 = (indicator4 crosses over indicator5)   if close < indicator3 then tradeonshort = 1 else tradeonshort = 0 endif   IF NOT ShortOnMarket AND  c2 and tradeonshort and timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry and shortmonthcondition THEN SELLSHORT amount CONTRACTS AT MARKET ENDIF     // Stops and targets NATR = 14 //ATR Period SATR = 2 // ATR Multiplier for Stop PATR = 3// ATR Multiplier for Profit     //Stop and Target SET STOP LOSS SATR*AverageTrueRange[NATR](close) SET TARGET PROFIT PATR*AverageTrueRange[NATR](close)   startBreakeven =  takeprofit*(BreakevenAt/100)//how much pips/points in gain to activate the breakeven function? // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF   //place the new stop orders on market at breakevenLevel IF LONGONMARKET AND breakevenLevel>0 THEN SELL AT breakevenLevel STOP if countoflongshares=amount then sell Lot2Close contract at market endif ENDIF // --- end of BUY SIDE ---   // --- SELL SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF SHORTONMARKET AND tradeprice(1)-close>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep*pipsize ENDIF   //place the new stop orders on market at breakevenLevel IF SHORTONMARKET AND breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP if countofshortshares=amount then exitshort Lot2Close contract at market endif ENDIF // --- end of SELL SIDE ---

   

   

   

   

   

  

  Taftclon

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  11/09/2023 at 12:57 PM #223426
  Taftclon

  line 1-9 should be as below

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated Capital = 2000 Equity = Capital + StrategyProfit Position = (0.03*equity)/stoploss //amount of contract/lot/shares to open for each order Amount=position

  1 2 3 4 5 6 7 8 9

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated Capital = 2000 Equity = Capital + StrategyProfit Position = (0.03*equity)/stoploss     //amount of contract/lot/shares to open for each order Amount=position

   

  

  Taftclon

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  11/09/2023 at 5:28 PM #223449
  PeterSt

  Without analysing your code really, it looks like you need to change line 3 to

  Once Capital = 2000

  1	Once Capital = 2000

  Now you assign your capital once, and in the next call of your code (at the next bar(s)) the Capital will increase (or decrease 😉 ).

  Regards,
  Peter

  

  PeterSt

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  11/09/2023 at 6:28 PM #223453
  Taftclon

  thank you Peter ill try this 🙂

  

  Taftclon

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  11/09/2023 at 6:54 PM #223454
  Taftclon

  didn’t help :/
  line 12 seems to not work

  Lot2Close = Amount/2  not sure why

  

  Taftclon

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  12/26/2023 at 11:22 AM #225700
  robertogozzi

  I added the ROUND() instruction to make sure there’s only 1 decimal place.

  I also added MinLots to set a minimum number of lots to be traded (but I suggest that it be at least 2, or that the minimun lots to exit is allowed to be half that number, i.e. if you set a max 1 lotsize, then the broker must allow exiting 0.5 lots) and MinExit to exit partial poisitions.

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated once Capital = 2000 once MinLots = 2 //minimum lotsize once MinExit = 1 //minimum number of lots to exit Equity = Capital + StrategyProfit Position = max(MinLots,round((0.03*equity)/stoploss,1)) //amount of contract/lot/shares to open for each order Amount=position takeprofit = PATR*AverageTrueRange[NATR](close) //takeprofit in points stoploss = SATR*AverageTrueRange[NATR](close) //stoploss in points BreakevenAt = PATR*AverageTrueRange[NATR](close)/3//percent achieved of target to move stop to entry (breakeven) PointsToKeep = 3 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) Lot2Close = max(MinExit,round(Amount/2,1)) //amount of contract/lot/shares quantity to close when breakeven occurs //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 093000 timeEnterBefore = time >= noEntryBeforeTime // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 173000 timeEnterAfter = time < noEntryAfterTime // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 OR OpenDayOfWeek = 1 if currentmonth = 4 then longmonthcondition = 0 else longmonthcondition = 1 endif if currentmonth = 1 then shortmonthcondition = 0 else shortmonthcondition = 1 endif // Conditions to enter long positions indicator1 = Average[40,8](close) // 10,6 indicator2 = Average[40,3](close) // 50,7 c1 = (indicator1 crosses over indicator2) indicator3 = Average[200,1](close) if close > indicator3 then tradeonlong = 1 else tradeonlong = 0 endif IF NOT LongOnMarket AND c1 and tradeonlong and timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry and longmonthcondition THEN BUY amount CONTRACT AT MARKET ENDIF // Conditions to enter Short positions indicator4 = Average[42,0](close) // 90,1 indicator5 = Average[29,0](close) // 50,4 c2 = (indicator4 crosses over indicator5) if close < indicator3 then tradeonshort = 1 else tradeonshort = 0 endif IF NOT ShortOnMarket AND c2 and tradeonshort and timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry and shortmonthcondition THEN SELLSHORT amount CONTRACTS AT MARKET ENDIF // Stops and targets NATR = 14 //ATR Period SATR = 2 // ATR Multiplier for Stop PATR = 3// ATR Multiplier for Profit //Stop and Target SET STOP LOSS SATR*AverageTrueRange[NATR](close) SET TARGET PROFIT PATR*AverageTrueRange[NATR](close) startBreakeven = takeprofit*(BreakevenAt/100)//how much pips/points in gain to activate the breakeven function? // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF LONGONMARKET AND breakevenLevel>0 THEN SELL AT breakevenLevel STOP if countoflongshares=amount then sell Lot2Close contract at market endif ENDIF // --- end of BUY SIDE --- // --- SELL SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF SHORTONMARKET AND tradeprice(1)-close>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF SHORTONMARKET AND breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP if countofshortshares=amount then exitshort Lot2Close contract at market endif ENDIF // --- end of SELL SIDE --- graph Amount graph Lot2Close

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated once Capital = 2000 once MinLots = 2                           //minimum lotsize once MinExit = 1                           //minimum number of lots to exit Equity = Capital + StrategyProfit Position = max(MinLots,round((0.03*equity)/stoploss,1)) //amount of contract/lot/shares to open for each order Amount=position takeprofit = PATR*AverageTrueRange[NATR](close) //takeprofit in points stoploss = SATR*AverageTrueRange[NATR](close) //stoploss in points BreakevenAt = PATR*AverageTrueRange[NATR](close)/3//percent achieved of target to move stop to entry (breakeven) PointsToKeep = 3 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) Lot2Close = max(MinExit,round(Amount/2,1)) //amount of contract/lot/shares quantity to close when breakeven occurs   //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF   // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 093000 timeEnterBefore = time >= noEntryBeforeTime   // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 173000 timeEnterAfter = time < noEntryAfterTime   // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 OR OpenDayOfWeek = 1 if currentmonth = 4 then longmonthcondition = 0 else longmonthcondition = 1 endif if currentmonth = 1  then shortmonthcondition = 0 else shortmonthcondition = 1 endif   // Conditions to enter long positions indicator1 = Average[40,8](close) // 10,6 indicator2 = Average[40,3](close) //  50,7 c1 = (indicator1 crosses over indicator2)     indicator3 = Average[200,1](close) if close > indicator3 then tradeonlong = 1 else tradeonlong = 0 endif     IF NOT LongOnMarket AND  c1 and tradeonlong and timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry and longmonthcondition THEN BUY amount CONTRACT AT MARKET ENDIF   // Conditions to enter Short positions indicator4 = Average[42,0](close) // 90,1 indicator5 = Average[29,0](close) //  50,4 c2 = (indicator4 crosses over indicator5)   if close < indicator3 then tradeonshort = 1 else tradeonshort = 0 endif   IF NOT ShortOnMarket AND  c2 and tradeonshort and timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry and shortmonthcondition THEN SELLSHORT amount CONTRACTS AT MARKET ENDIF     // Stops and targets NATR = 14 //ATR Period SATR = 2 // ATR Multiplier for Stop PATR = 3// ATR Multiplier for Profit     //Stop and Target SET STOP LOSS SATR*AverageTrueRange[NATR](close) SET TARGET PROFIT PATR*AverageTrueRange[NATR](close)   startBreakeven =  takeprofit*(BreakevenAt/100)//how much pips/points in gain to activate the breakeven function? // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF   //place the new stop orders on market at breakevenLevel IF LONGONMARKET AND breakevenLevel>0 THEN SELL AT breakevenLevel STOP if countoflongshares=amount then sell Lot2Close contract at market endif ENDIF // --- end of BUY SIDE ---   // --- SELL SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF SHORTONMARKET AND tradeprice(1)-close>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep*pipsize ENDIF   //place the new stop orders on market at breakevenLevel IF SHORTONMARKET AND breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP if countofshortshares=amount then exitshort Lot2Close contract at market endif ENDIF // --- end of SELL SIDE --- graph Amount graph Lot2Close

   

  

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