Cumulate orders and stops & targets

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  • 03/24/2019 at 7:15 PM #94563 quote
    Nicolas
    Keymaster
    Master

    @warren78, make your own average of all open positions and set the target profit as a limit order.

    03/25/2019 at 10:42 AM #94609 quote
    warren78
    Participant
    Junior

    Thanks Nicolas,

    tell me if I’m wrong but in this case the order will be executed not as soon as the value is reached but after the closing of the candle

    which means that the difference could be quite significant. Is this correct ?

    03/25/2019 at 10:44 AM #94610 quote
    Nicolas
    Keymaster
    Master

    If you put a pending LIMIT order, it will be triggered at any time the price reach that level. It is not controlled by code anymore, but by the orders book of the broker.

    thomas_price thanked this post
    04/27/2024 at 1:07 AM #231976 quote
    Finning
    Participant
    Veteran

    Hi there, just a quick question with cumulateorders=true.

    Sorry I have tried to read a couple of posts, and I just couldn’t find what I was looking for.

    So, on IG (for now – BRING IB TO AUS PLEASE!!!)

    My minimum stop distance has been set for the market at 4 points by the broker.

    I have 3 positions:

    #1st position, long @ 4000

    #2nd position, long @ 4020

    #3rd position, long @ 4040

    I have all 3 long positions in the market.

    Does each individual position have a minimum stop distance of 4? So, trade #1 @ 3996, trade #2 @ 4016, trade #3 @ 4036?

    Or when the 2nd position goes on, it goes off the average of both positions and -4 from that, so the minimum stop distance goes to 4002? 4012 if there were 3 trades on?

    Many thanks,

    Finning

     

     

    Or

    04/27/2024 at 8:45 AM #231979 quote
    GraHal
    Participant
    Master
    Finning wrote:

    Does each individual position have a minimum stop distance of 4?

    Yes to above.

    The min distance problem is a lot better now if we tick the box ‘adjust stops’ when we start an Algo in ProOrder.

    robertogozzi thanked this post
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Cumulate orders and stops & targets


ProOrder: Automated Strategies & Backtesting

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Author
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Seb @seb Participant
Summary

This topic contains 34 replies,
has 2 voices, and was last updated by GraHal
1 year, 9 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 02/06/2018
Status: Active
Attachments: 9 files
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