HELP: Buy contract after some time

• 05/28/2018 at 1:20 PM #71516
  raphaelopilski

  Hi guys,

  I would like to buy a contract after the first contract is x bars old and negative. So that I would have 2 contract in total. And after that, if the cumulated contracts are positive (lets say 10 pips), the system should sell them both.

  Thanks for helping!

  

  raphaelopilski

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  05/28/2018 at 2:23 PM #71519
  immo_vienna

  Hallo Raphael!

  I think you mean this:

  https://www.prorealcode.com/blog/trading/averaging-techniques-automated-trading/

  hope this can help you a bit

  

  immo_vienna

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  05/29/2018 at 6:51 AM #71546
  Vonasi

  BarWait = 20 IF not LongOnMarket and (your conditions) then BUY 1 contract at market ENDIF IF LongOnMarket and (your conditions) and BarIndex - TradeIndex >= BarWait and close < PositionPrice then BUY 1 contract at market ENDIF IF LongOnMarket and close > PositionPrice + 10 then Sell at Market ENDIF

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  BarWait = 20   IF not LongOnMarket and (your conditions) then BUY 1 contract at market ENDIF   IF LongOnMarket and (your conditions) and BarIndex - TradeIndex >= BarWait and close < PositionPrice then BUY 1 contract at market ENDIF   IF LongOnMarket and close > PositionPrice + 10 then Sell at Market ENDIF

  This should do what you want. Difficult to tell from the description whether you want to stop trading at two positions or not. This code will just keep on buying.

  2 users thanked author for this post.

  Nicolas, immo_vienna

  

  Vonasi

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  05/29/2018 at 7:48 AM #71547
  raphaelopilski

  thank you guys

  

  raphaelopilski

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  05/29/2018 at 10:38 AM #71566
  Vonasi

  No problem. there was a minor typo in the first BUY line so I have corrected that.

  You could also consider only re-entering if the market has fallen by a certain percentage with something like this:

  PercDrop = 1.5 IF LongOnMarket and (your conditions) and BarIndex - TradeIndex >= BarWait and close < PositionPrice * (1 - (PercDrop/100)) then BUY 1 contract at market ENDIF

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  PercDrop = 1.5   IF LongOnMarket and (your conditions) and BarIndex - TradeIndex >= BarWait and close < PositionPrice * (1 - (PercDrop/100)) then BUY 1 contract at market ENDIF

  There are benefits and disadvantages to this. Less trades = less exposure but you may miss trades right at the bottom of the market meaning that price has to climb further before you are in profit.

  1 user thanked author for this post.

  immo_vienna

  

  Vonasi

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  05/29/2018 at 10:52 AM #71568
  Vonasi

  Another possibility is to increase your position size by an amount relative to the amount that the market has dropped.

  PositionSize = 1 IF LongOnMarket and (your conditions) and BarIndex - TradeIndex >= BarWait then BUY PositionSize + (PositionSize * (((close / PositionPrice) * 100) - 100)) contracts at market ENDIF

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  PositionSize = 1   IF LongOnMarket and (your conditions) and BarIndex - TradeIndex >= BarWait then BUY PositionSize + (PositionSize * (((close / PositionPrice) * 100) - 100)) contracts at market ENDIF

  Just some ideas – nothing proven!

   

  

  Vonasi

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