Equity available for trading

ngm · 2020-06-15T19:17:23+00:00

Hi, I would like to know if there is a function to get the equity available for trading. Let’s say I want to put a X LOTS depending on my available equity (more wins more LOTS, less wins less LOTS). Also if it’s possible to set the equity for start trading in the code itself. For instance: When I change to EURUSD to USDJPY in the graph itself the currency I wrote in the box it doesn’t change. I would like to fix always 10.000 € (my local currency) and not use the trading currency (sometimes 10.000 $, 10.000 JPY, etc.) Thanks.

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06/15/2020 at 8:17 PM #136034 quote

ngm
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New

Hi, I would like to know if there is a function to get the equity available for trading.

Let’s say I want to put a X LOTS depending on my available equity (more wins more LOTS, less wins less LOTS).

Also if it’s possible to set the equity for start trading in the code itself. For instance: When I change to EURUSD to USDJPY in the graph itself the currency I wrote in the box it doesn’t change. I would like to fix always 10.000 € (my local currency) and not use the trading currency (sometimes 10.000 $, 10.000 JPY, etc.)

Thanks.

06/16/2020 at 9:53 AM #136083 quote
Nicolas
Keymaster

Legend
The calculation are made with the currency of the current instrument.

There is no way to get the available equity for the whole account, but you can calculate it for the current code:
```
capital = 10000 //capital at start of the strategy 

floatingprofit = (((close-positionprice)*pointvalue)*countofposition)/pipsize //actual trade gains

equity = capital+strategyprofit+floatingprofit
```
dcmonova thanked this post
06/16/2020 at 4:00 PM #136176 quote

ngm
Participant

New

Thanks Nicolas. This solves to get equity without considering spread and broker fees (I found another topic about this and I will test it).

Then, how I manage to test my system in different currencies? Do I have to manually change the capital for each one?

11/12/2021 at 1:48 PM #181504 quote

dcmonova
Participant

New

That’s a basic feature to build strategies on. It should be implemented as a simple function to query. Am I missing something ?

09/11/2022 at 6:08 AM #200527 quote

boup09
Participant

New

This is indeed something that would be very helpful for money management when running multiple strats.

@PRT please consider this request to add total account equity as a function in ProBuilder

09/11/2022 at 1:17 PM #200542 quote

robertogozzi
Moderator

Legend

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