controlling number of cumulative orders

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02/02/2021 at 3:58 PM #160169 quote
nonetheless
Participant

Master
I have a cumulative algo running that uses the following code (in theory) to allow the total position to be 3 x positionsize, where positionsize is variable and set by the MM code.
```
Once MaxPositionsAllowed = 3*positionsize

IF not longonmarket and Ctime and (conditions) THEN
BUY positionsize CONTRACT AT MARKET
elsif longonmarket and Ctime and (conditions) and COUNTOFLONGSHARES < MaxPositionsAllowed then
BUY positionsize CONTRACT AT MARKET
ENDIF
```
But what I find in practice is that once positionsize goes above 3 contracts, then no additional positions are opened. So at present positionsize is 5.79 and that initial position opens as it should, but there is no 2nd or third entry, even though the conditions are met. So after it gets to 3 it’s as if cumulative orders = false.

Is there any other way to code this, to allow for 3 entries regardless of positionsize ?
02/02/2021 at 4:02 PM #160170 quote

robertogozzi
Moderator

Master

Remove ONCE from line 1, otherwise it’s only executed the first time, when POSITIONSIZE is likely to be 1.

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02/02/2021 at 4:25 PM #160178 quote

nonetheless
Participant

Master

Excellent, I thought it would be something simple like that – thanks again!
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controlling number of cumulative orders

ProOrder: Automated Strategies & Backtesting

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Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	02/02/2021
Status:	Active
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