Hi guys!

This code looks really interesting and I’m following your work and progress since I think proper money management is a key to profitable trading.

Just a thought on the 1% stoploss. As it is coded now   newSL = positionprice – (positionprice*0.99) doesn’t it just calculate the difference between the positionprice and the new sl? Shouldn’t it just be newSL = positionprice*0.99?

@Brage @dwgfx

Thanks for your help.

Yes It were that I thought at the first glance, but since we want to exit at 1% loss of the account balance, it’s not it 🙂

So now tests are good, I coded the sell side version and made a small fixed for forex pairs. Here is the full code (also attached in itf file to this post):

defparam preloadbars = 0

//parameters
accountbalance = 10000 //account balance in money at strategy start
riskpercent = 1 //whole account risk in percent%
gridstep = 20 //grid step in point
amount = 1 //lot amount to open each trade

//first trade whatever condition
if NOT ONMARKET AND close>close[1] AND STRATEGYPROFIT=0 then
 BUY amount LOT AT MARKET
endif

if NOT ONMARKET AND close<close[1] AND STRATEGYPROFIT=0 then
 SELLSHORT amount LOT AT MARKET
endif

// case BUY - add orders on the same trend
if longonmarket and close-tradeprice(1)>=gridstep*pipsize then
 BUY amount LOT AT MARKET
endif

// case SELL - add orders on the same trend
if shortonmarket and tradeprice(1)-close>=gridstep*pipsize then
 SELLSHORT amount LOT AT MARKET
endif

//money management
liveaccountbalance = accountbalance+strategyprofit
moneyrisk = (liveaccountbalance*(riskpercent/100))
onepointvaluebasket = pointvalue*countofposition
mindistancetoclose =(moneyrisk/onepointvaluebasket)*pipsize

//GRAPH mindistancetoclose as "d"

//stoploss trigger
if onmarket then
 SELL AT positionprice-mindistancetoclose STOP
 EXITSHORT AT positionprice-mindistancetoclose STOP
endif

Please don’t leech it only. Instead, please add comments or any ideas that would improve a strategy or create a new one with this code. There are many brainful traders here and i’m pretty sure that we can make something cool all together with this nice money management idea 🙂

Grid-Orders-cfta.itf grid-profitable-trades-long-positions.png

YES! 🙂

Ahahah

“division by zero” is something that ProBacktest don’t know apparently 🙂

Well, if you have set correctly the line 7 to 10 (no zero values), the problem is in line 26 (this is the only code line with a division).

A quick fix would be, move the line 26 into the “//stoploss trigger” function, like this:

//stoploss trigger
if onmarket then
 mindistancetoclose =(moneyrisk/onepointvaluebasket)*pipsize
 EXITSHORT AT positionprice-mindistancetoclose STOP
endif

That would make the trick.

Yes, everything’s possible.

Actually, the code don’t calculate the floating profit. The code do actually exactly what cfta wanted and there’s no any ‘takeprofit’ system in it. I already have some ideas for that based on the live equity curve as you mentioned it.

Firstly I would like to find a mechanical way to enter the market for this system, that would be fun 🙂 Any idea?

I think cfta described a breakeven and moving stoploss here:

http://www.prorealcode.com/topic/grid-orders-with-one-combined-stop-loss-and-limit-can-it-be-done/page/3/#post-6728

Hi Nicolas and cfta!

Nice work so far. Really interesting.

Can this grid order code be combined with any of the 15-min Breakout-systems in the library for a daytrading system? With gridsteps and riskpercent adjusted to the market traded? And perhaps flat after market close?