Help please to code a One Shot Trading System

• 05/25/2022 at 11:45 AM #193833
  Berwick

  1.   If +20 points from 8:00am price, open Long.
  2.  If  – 20 points from 8:00am price, open Short.
  3. For Long & Short trades, SL = -20 TP = +96.
  4. If +10 in profit,  move stop to -10, close 50 % of pos size.
  5. If +40 in profit, move stop to +16  and close 50% of remaining pos size.
  6. If +44 in profit, start trailing stop to trail by + 20, then move by +1 for each successive +1 rise.
  7. Trade exits either by TS or the TP (+96).
  8. System then Quits.

  

  Berwick

  Participant

  Topics: 5

  Replies: 36

  Been thanked: 6 times
  05/28/2022 at 11:48 AM #194062
  robertogozzi

  There you go:

  ONCE LotSize = 4 //lots to be traded ONCE Offset = 20 * PipSize //offset fom 8am price ONCE Distance = 7 //Distance rquired by the broker for pending oifers (to be checked with the broker) ONCE PriceAt8 = 0 ONCE ExitPrice = 0 IF Not OnMarket AND OnMarket[1] THEN QUIT ENDIF IF IntraDayBarIndex = 0 THEN PriceAt8 = 0 ENDIF IF OpenTime = 080000 THEN PriceAt8 = close ENDIF IF OnMarket AND Not OnMarket[1] THEN Entry = TradePrice ENDIF IF Not OnMarket AND PriceAt8 > 0 THEN IF close >= (PriceAt8 + Offset) THEN BUY LotSize Contract at Market ELSIF close <= (PriceAt8 - Offset) THEN SELLSHORT LotSize Contract at Market ENDIF ExitPrice = 0 TrailFlag = 0 TrailBase = 20 SET TARGET pPROFIT 96 SET STOP pLOSS 20 ENDIF IF OnMarket THEN MyProfit = PositionPrice * PositionPerf / PipSize Positions = abs(CountOfPosition) IF MyProfit >= 44 THEN IF LongOnMarket THEN ExitPrice = Entry + TrailBase * PipSize ELSE ExitPrice = Entry - TrailBase * PipSize ENDIF TrailBase = TrailBase + 1 ELSIF MyProfit > 40 AND TrailFlag = 1 THEN TrailFlag = 2 IF LongOnMarket THEN ExitPrice = Entry + 16 * PipSize SELL (Positions / 2) CONTRACTS at Market ELSE ExitPrice = Entry - 16 * PipSize EXITSHORT (Positions / 2) CONTRACTS at Market ENDIF ELSIF MyProfit >= 10 AND TrailFlag = 0 THEN TrailFlag = 1 IF LongOnMarket THEN ExitPrice = Entry - 10 * PipSize SELL (Positions / 2) CONTRACTS at Market ELSE ExitPrice = Entry + 10 * PipSize EXITSHORT (Positions / 2) CONTRACTS at Market ENDIF ENDIF IF ExitPrice > 0 THEN IF LongOnMarket THEN IF close >= (ExitPrice + Distance) THEN SELL AT ExitPrice STOP ELSIF close <= (ExitPrice - Distance) THEN SELL AT ExitPrice LIMIT ELSE //SELL AT Market ENDIF ELSE IF close <= (ExitPrice - Distance) THEN EXITSHORT AT ExitPrice STOP ELSIF close >= (ExitPrice + Distance) THEN EXITSHORT AT ExitPrice LIMIT ELSE //EXITSHORT AT Market ENDIF ENDIF ENDIF ENDIF //graphonprice Entry //graphonprice ExitPrice coloured(255,0,0,255) //graph MyProfit

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81

  ONCE LotSize   = 4             //lots to be traded ONCE Offset    = 20 * PipSize  //offset fom 8am price ONCE Distance  = 7             //Distance rquired by the broker for pending oifers (to be checked with the broker) ONCE PriceAt8  = 0 ONCE ExitPrice = 0 IF Not OnMarket AND OnMarket[1] THEN    QUIT ENDIF IF IntraDayBarIndex = 0 THEN    PriceAt8 = 0 ENDIF IF OpenTime = 080000 THEN    PriceAt8 = close ENDIF IF OnMarket AND Not OnMarket[1] THEN    Entry = TradePrice ENDIF IF Not OnMarket AND PriceAt8 > 0 THEN    IF close >= (PriceAt8 + Offset) THEN       BUY LotSize Contract at Market    ELSIF close <= (PriceAt8 - Offset) THEN       SELLSHORT LotSize Contract at Market    ENDIF    ExitPrice = 0    TrailFlag = 0    TrailBase = 20    SET TARGET pPROFIT 96    SET STOP   pLOSS   20 ENDIF IF OnMarket THEN    MyProfit  = PositionPrice * PositionPerf / PipSize    Positions = abs(CountOfPosition)    IF MyProfit >= 44 THEN       IF LongOnMarket THEN          ExitPrice = Entry + TrailBase * PipSize       ELSE          ExitPrice = Entry - TrailBase * PipSize       ENDIF       TrailBase = TrailBase + 1    ELSIF MyProfit > 40 AND TrailFlag = 1 THEN       TrailFlag = 2       IF LongOnMarket THEN          ExitPrice = Entry + 16 * PipSize          SELL (Positions / 2) CONTRACTS at Market       ELSE          ExitPrice = Entry - 16 * PipSize             EXITSHORT (Positions / 2) CONTRACTS at Market       ENDIF    ELSIF MyProfit >= 10 AND TrailFlag = 0 THEN       TrailFlag = 1       IF LongOnMarket THEN          ExitPrice = Entry - 10 * PipSize          SELL (Positions / 2) CONTRACTS at Market       ELSE          ExitPrice = Entry + 10 * PipSize          EXITSHORT (Positions / 2) CONTRACTS at Market       ENDIF    ENDIF IF ExitPrice > 0 THEN    IF LongOnMarket THEN       IF close >= (ExitPrice + Distance) THEN          SELL AT ExitPrice STOP       ELSIF close <= (ExitPrice - Distance) THEN          SELL AT ExitPrice LIMIT       ELSE          //SELL AT Market       ENDIF    ELSE       IF close <= (ExitPrice - Distance) THEN          EXITSHORT AT ExitPrice STOP       ELSIF close >= (ExitPrice + Distance) THEN          EXITSHORT AT ExitPrice LIMIT       ELSE          //EXITSHORT AT Market       ENDIF    ENDIF    ENDIF ENDIF //graphonprice Entry //graphonprice ExitPrice coloured(255,0,0,255) //graph        MyProfit

  I added a DISTANCE as required by the broker (the correct value is to be checked with the broker)  for pending orders. If an order is placed at an incorrect price, the oredr is rejected and the strategy stopped (in both demo and real, not in backtest, of course).

  As to the DISTANCE I added two commented lines (thus ignored) to exit at MARKET if the distance is not enough. If you wat to use those two lines, simply remove the leading slashes.

  To disable the distance, set it to 0.

   

  5 users thanked author for this post.

  rrmp12, Midlanddave, Berwick, PeterSt, GraHal

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17524

  Been thanked: 4278 times
  05/28/2022 at 2:10 PM #194074
  Berwick

  Thank you very much Roberto, much appreciated.

  1 user thanked author for this post.

  rrmp12

  

  Berwick

  Participant

  Topics: 5

  Replies: 36

  Been thanked: 6 times
  05/28/2022 at 3:41 PM #194081
  GraHal

  Roberto is so very kind helping us all out, coding our ideas!

  Let us know how you get on Monday please Berwick.  I’m going to give it a go also! 🙂

  1 user thanked author for this post.

  robertogozzi

  

  GraHal

  Participant

  Topics: 220

  Replies: 9002

  Been thanked: 2293 times
  05/28/2022 at 4:08 PM #194084
  robertogozzi

  A 20-pip SL is so tight that it almost always is hit and the strategy is stopped immediately.

  To test it, I used a 100-pip SL and commented out the QUIT instruction.

   

  1 user thanked author for this post.

  GraHal

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17524

  Been thanked: 4278 times
  05/28/2022 at 8:09 PM #194090
  Berwick

  GraHal wrote:

  Roberto is so very kind helping us all out, coding our ideas!

  Let us know how you get on Monday please Berwick. I’m going to give it a go also! 🙂

  GraHal,  please be aware that this is not the entry strategy that I use, my initial request was for a trade manager and it is this part of the code that I am really interested in. Monday may be a quiet day on the markets as it is Memorial Day in the US.

   

  2 users thanked author for this post.

  Midlanddave, GraHal

  

  Berwick

  Participant

  Topics: 5

  Replies: 36

  Been thanked: 6 times
• Author
  Posts