Hi,
what is the correct way to increase or change ordersize based on either loss or win from previous trade. The below I created does not proceed to order anything when I do the probacktest. Should this be embedded somewhere?
can “OrderSize” be stated “OrderSize[1]” meaning previous Ordersize same as notation of close, indicators, etc?
Once OrderSize=1
if positionperf(1)>0 OR positionperf(2)>0 and positionperf(1)<=0 then //starts with first 2 loses, 1 order (no increase)
OrderSize =1
elsif positionperf(2)<=0 and positionperf(1)<=0 then //after 2 or more loses, ordersize is the sum of previous 2 ordersize
OrderSize =OrderSize[1]+OrderSize[2]
endif
1. what size do you want to start with?
2. what increment does it have to perform after a WIN?
3. what decrement does it have to perform after a LOSS?
Hi Roberto, I was able to just copy the one in the manual – The Piquemouche. Now I have a different issue. It was working before but it is not woking after update to Ver11. I posted it as another topic.
theo123 – I deleted that double post. Please pay attention to the forum rules.
- Do not double post. Ask your question only once and only in one forum. All double posts will be deleted anyway so posting the same question multiple times will just be wasting your own time and will not get you an answer any quicker. Double posting just creates confusion in the forums.
Please post the code and explain better any issue you have.
Here you go. This works before v11 but now it does not after update. Thanks for checking.
defparam preloadbars=10000
oNCE OrderSize = 1
ONCE BadTrades = 0
ONCE ExitIndex = -2
//some entry codes here
//The Piquemouche
IF NOT LongOnMarket AND LongEntry THEN
BUY OrderSize CONTRACTS AT MARKET
set stop ploss LongSLpip
set target Profit TakeProfit
ENDIF
// Conditions to exit long positions
If LongOnMarket AND LongExitDoor THEN
SELL AT MARKET
ExitIndex=BarIndex
ENDIF
// Conditions to enter SHORT positions
IF NOT ShortOnMarket AND ShortEntry THEN
Sellshort OrderSize CONTRACTS AT MARKET
set stop ploss ShortSLpip
set target Profit TakeProfit
ENDIF
// Conditions to exit long positions
If ShortOnMarket AND ShortExitDoor THEN
EXITSHORT AT MARKET
ExitIndex=BarIndex
ENDIF
//----------------------------
IF Barindex = ExitIndex + 1 THEN
ExitIndex = 0
IF PositionPerf(1) <= 0 THEN
BadTrades = BadTrades + 1
IF BadTrades < 3 THEN
//// If the last trade was losing and there are less than 3 successive losses,
//// add one to OrderSize.
OrderSize = OrderSize + 1
ELSIF BadTrades MOD 3 = 0 THEN
//// If the last position was losing and there are more than 3 consecutive losses,
//// double OrderSize.
OrderSize = OrderSize * 2
ENDIF
ELSIF PositionPerf(1) > 0 THEN
// If the previous trade was winning, reset OrderSize to 1.
OrderSize = 1
BadTrades = 0
ENDIF
ENDIF
I think you need to utilize strategyprofit and strategyprofit [1] to determine when the trade closed, and make the calculation of positionperf
Example below:
maxconsecutiveloss = 5
once losscount = 0
if strategyprofit <> strategyprofit[1] then
if positionperf(1)<0 then
losscount = losscount + 1
else
losscount = 0
endif
endif
IF losscount > maxconsecutiveloss THEN
Quit // abandon strategy with consecutive loss above required
ENDIF
Maybe better to directly try with your code,
//----------------------------
IF Barindex = ExitIndex + 1 THEN
ExitIndex = 0
IF strategyprofit <> strategyprofit[1] THEN
IF PositionPerf(1) <= 0 THEN
BadTrades = BadTrades + 1
IF BadTrades < 3 THEN
//// If the last trade was losing and there are less than 3 successive losses,
//// add one to OrderSize.
OrderSize = OrderSize + 1
ELSIF BadTrades MOD 3 = 0 THEN
//// If the last position was losing and there are more than 3 consecutive losses,
//// double OrderSize.
OrderSize = OrderSize * 2
ENDIF
ELSIF PositionPerf(1) > 0 THEN
// If the previous trade was winning, reset OrderSize to 1.
OrderSize = 1
BadTrades = 0
ENDIF
ENDIF
ENDIF
Btw,
1) Your comment “If the last position was losing and there are more than 3 consecutive losses,” seems doesn’t tally with the code, why to mod with 3 and not >= 3?
2) Using my example, I’m not sure if the ExitIndex still necessary, perhaps can be removed, otherwise I’m not sure if it will enter the condition when trade is closed by STOP LOSS or TARGET
Hi DowJones,
Thanks for the reply. Just able to check the reply today and will try your code and update.
Actually the whole thing is copied from the PRT manual, so I am not really sure of the use of the MOD.
instead of creating a new topic
BUY if the previous trade was a loss, but less then 0.5% in loss.
also BUY if the previous trade was a win.
How to code that?
0.5% of the price or of your Capital?
same o.5 as
set stop %loss 0.5
Try this one:
DEFPARAM CumulateOrders = false
ONCE TradeStart = 0
//
NewTrade = (LongOnMarket AND ShortOnMarket[1]) OR (LongOnMarket[1] AND ShortOnMarket) OR (OnMarket AND Not OnMarket[1]) OR (OnMarket AND (StrategyProfit <> StrategyProfit[1]))
//
TradeClosed = (Not OnMarket AND OnMarket[1]) OR (LongOnMarket AND ShortOnMarket[1]) OR (LongOnMarket[1] AND ShortOnMarket) OR (Not OnMarket AND (StrategyProfit <> StrategyProfit[1]))
//
IF NewTrade THEN
TradeStart = TradePrice
ENDIF
IF TradeClosed THEN
IF (StrategyProfit < StrategyProfit[1]) THEN
TradeEnd = close[1]
myLoss = TradeEnd - TradeStart
IF LongOnMarket[1] AND myLoss < 0 THEN
PerCent = round(((TradeEnd / TradeStart) - 1) * 100,3)
ELSIF ShortOnMarket[1] AND myLoss > 0 THEN
PerCent = round(((TradeEnd / TradeStart) - 1) * 100,3)
ENDIF
IF PerCent < 5 THEN
BUY 1 CONTRACT AT MARKET
ENDIF
ELSIF (StrategyProfit > StrategyProfit[1]) THEN
BUY 1 CONTRACT AT MARKET
ENDIF
ENDIF
IF Not OnMarket AND close CROSSES OVER Average[20,0](close) THEN
BUY 1 CONTRACT AT MARKET
ENDIF
IF Not OnMarket AND close CROSSES UNDER Average[20,0](close) THEN
SELLSHORT 1 CONTRACT AT MARKET
ENDIF
SET STOP pLOSS 100
SET TARGET pPROFIT 200
//
graphonprice TradeStart
graphonPrice TradeEnd coloured("Cyan")
graph PerCent
