help with break-even code as a second position and second exit

• 12/02/2020 at 6:21 PM #152432
  Patrick K Templar

  I mean the Red Arrows sorry not the blue ones forget the blue ones

  

  Patrick K Templar

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  12/03/2020 at 2:15 AM #152450
  robertogozzi

  There was an issue with AVERAGETRUERANGE, since it returns a very small value (such as 0.00963), it is always rounded to 0.

  There’s no need to ROUND() the value returned by ATR; TP & SL can retain decimal values.

  I also had to add PIPSIZE when setting STOP LOSS.

  There you go:

  // Conditions to enter long positions defparam cumulateorders = false PointsToKeep = 2 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) // Conditions to enter long positions indicator2, indicator1, ignored = CALL "PRC_QQE indicator"//[11, 20, 4.236] A1 = (indicator1 CROSSES OVER indicator2) indicator3 = Williams[8](close) A2 = (indicator3 >= -20) IF A1 AND A2 AND Not OnMarket THEN // Stops and targets : St = AverageTrueRange[14](CLOSE)*2 Tp = AverageTrueRange[14](CLOSE)*1.5 startBreakeven = TP //how much pips/points in gain to activate the breakeven function? BUY 2 PERPOINT AT MARKET SET STOP PLOSS St * pipsize //first stoploss endif //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF IF LONGONMARKET AND Close >= (TradePrice + Tp) AND abs(CountOfPosition) = 2 THEN SELL 1 PERPOINT AT MARKET ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF // Conditions to exit long positions indicator5, indicator4, ignored = CALL "PRC_QQE indicator"//[11, 20, 4.236] B1 = (indicator4 CROSSES UNDER indicator5) IF B1 THEN SELL AT MARKET ENDIF // Conditions to enter short positions // Conditions to enter short positions indicator7, indicator6, ignored = CALL "PRC_QQE indicator"//[11, 20, 4.236] C1 = (indicator6 CROSSES UNDER indicator7) indicator8 = Williams[8](close) C2 = (indicator8 <= -80) IF C1 AND C2 AND Not OnMarket THEN // Stops and targets : St = AverageTrueRange[14](CLOSE)*2 Tp = AverageTrueRange[14](CLOSE)*1.5 startBreakeven = TP //how much pips/points in gain to activate the breakeven function? SELLSHORT 2 PERPOINT AT MARKET SET STOP PLOSS St * pipsize //first stoploss endif //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // --- Sell SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF SHORTONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF IF SHORTONMARKET AND Close <= (TradePrice - Tp) AND abs(CountOfPosition) = 2 THEN EXITSHORT 1 PERPOINT AT MARKET ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP ENDIF // Conditions to exit short positions indicator10, indicator9, ignored = CALL "PRC_QQE indicator"//[11, 20, 4.236] D1 = (indicator9 CROSSES OVER indicator10) IF D1 THEN EXITSHORT AT MARKET ENDIF Graph B1 graph TP coloured(0,0,255,255) Graph abs(CountOfPosition) GraphOnPrice (TradePrice + Tp) coloured(0,255,0,255) AS "Long EXIT 1" GraphOnPrice (TradePrice - Tp) coloured(0,0,255,255) AS "Short EXIT 1" graph AverageTrueRange[14](CLOSE)

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  // Conditions to enter long positions defparam cumulateorders = false PointsToKeep = 2 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) // Conditions to enter long positions indicator2, indicator1, ignored = CALL "PRC_QQE indicator"//[11, 20, 4.236] A1 = (indicator1 CROSSES OVER indicator2) indicator3 = Williams[8](close) A2 = (indicator3 >= -20) IF A1 AND A2 AND Not OnMarket THEN // Stops and targets : St = AverageTrueRange[14](CLOSE)*2 Tp = AverageTrueRange[14](CLOSE)*1.5 startBreakeven = TP //how much pips/points in gain to activate the breakeven function? BUY 2 PERPOINT AT MARKET SET STOP PLOSS St * pipsize //first stoploss endif //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF IF LONGONMARKET AND Close >= (TradePrice + Tp) AND abs(CountOfPosition) = 2 THEN SELL 1 PERPOINT AT MARKET ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF // Conditions to exit long positions indicator5, indicator4, ignored = CALL "PRC_QQE indicator"//[11, 20, 4.236] B1 = (indicator4 CROSSES UNDER indicator5) IF B1 THEN SELL AT MARKET ENDIF // Conditions to enter short positions // Conditions to enter short positions indicator7, indicator6, ignored = CALL "PRC_QQE indicator"//[11, 20, 4.236] C1 = (indicator6 CROSSES UNDER indicator7) indicator8 = Williams[8](close) C2 = (indicator8 <= -80) IF C1 AND C2 AND Not OnMarket THEN // Stops and targets : St = AverageTrueRange[14](CLOSE)*2 Tp = AverageTrueRange[14](CLOSE)*1.5 startBreakeven = TP //how much pips/points in gain to activate the breakeven function? SELLSHORT 2 PERPOINT AT MARKET SET STOP PLOSS St * pipsize //first stoploss endif //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // --- Sell SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF SHORTONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF IF SHORTONMARKET AND Close <= (TradePrice - Tp) AND abs(CountOfPosition) = 2 THEN EXITSHORT 1 PERPOINT AT MARKET ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP ENDIF // Conditions to exit short positions indicator10, indicator9, ignored = CALL "PRC_QQE indicator"//[11, 20, 4.236] D1 = (indicator9 CROSSES OVER indicator10) IF D1 THEN EXITSHORT AT MARKET ENDIF Graph        B1 graph        TP                   coloured(0,0,255,255) Graph        abs(CountOfPosition) GraphOnPrice (TradePrice + Tp)    coloured(0,255,0,255) AS "Long  EXIT 1" GraphOnPrice (TradePrice - Tp)    coloured(0,0,255,255) AS "Short EXIT 1" graph AverageTrueRange[14](CLOSE)

  I left some GRAPH and GRAPHONPRICE instructions at the end to help you debug your code.

   

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  robertogozzi

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  12/08/2020 at 9:01 PM #153005
  Patrick K Templar

  Hello Roberto the break-even doing what it’s meant to do I added count of position to line 29.

  The major problem I am having is the data from the average true range at the beginning of the trade. it takes the right data point from the buy trade price(tradeprice) but the problem comes from the scaling out because that becomes a new (tradeprice) line 34, so that’s a new data point from the ATR which then changes my stop loss my take profit and (St)
  I just want to focus on how to keep the data point the same throughout the trade, is there a way of numbering the trade prices first trade price second trade price would that be the same as tradeindex.

  I’ve added the code is just the long side of it just to keep it simple and I’ve also added a picture that should explain this even clearer thank you very much

  257

  // Conditions to enter long positions defparam cumulateorders = false PointsToKeep = 2 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) // Conditions to enter long positions // Conditions to enter long positions indicator2, indicator1, ignored = CALL "PRC_QQE indicator"[11, 20, 4.236] A1 = (indicator1 CROSSES OVER indicator2) indicator3 = Williams[8](close) A2 = (indicator3 >= -20) IF A1 AND A2 AND Not OnMarket THEN // Stops and targets : St = AverageTrueRange[14](CLOSE)*2 Tp = AverageTrueRange[14](CLOSE)*1.5 startBreakeven = TP //how much pips/points in gain to activate the breakeven function? BUY 2 PERPOINT AT MARKET SET STOP PLOSS St * pipsize //first stoploss endif //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND abs(CountOfPosition) = 2 and close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF IF LONGONMARKET AND Close >= (TradePrice + Tp) AND abs(CountOfPosition) = 2 THEN SELL 1 PERPOINT AT MARKET ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF GraphOnPrice (breakevenlevel) coloured(0,100,0,150) AS "breakeven1" Graph abs(CountOfPosition) GraphOnPrice (TradePrice + Tp) coloured(0,0,255,255) AS "Long EXIT 1" GraphOnPrice (TradePrice + St) coloured(0,255,0,255) AS "Long EXIT 2" GraphOnPrice (TradePrice - St) coloured(220,20,60) AS "Short EXIT 1"

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  // Conditions to enter long positions defparam cumulateorders = false PointsToKeep = 2 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread)   // Conditions to enter long positions // Conditions to enter long positions indicator2, indicator1, ignored = CALL "PRC_QQE indicator"[11, 20, 4.236] A1 = (indicator1 CROSSES OVER indicator2) indicator3 = Williams[8](close) A2 = (indicator3 >= -20) IF A1 AND A2 AND Not OnMarket THEN // Stops and targets : St = AverageTrueRange[14](CLOSE)*2 Tp = AverageTrueRange[14](CLOSE)*1.5 startBreakeven = TP //how much pips/points in gain to activate the breakeven function? BUY 2 PERPOINT AT MARKET SET STOP PLOSS St * pipsize //first stoploss endif //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND abs(CountOfPosition) = 2 and close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF IF LONGONMARKET AND Close >= (TradePrice + Tp) AND abs(CountOfPosition) = 2 THEN SELL 1 PERPOINT AT MARKET ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF     GraphOnPrice (breakevenlevel)     coloured(0,100,0,150) AS "breakeven1" Graph        abs(CountOfPosition) GraphOnPrice (TradePrice + Tp)    coloured(0,0,255,255) AS "Long  EXIT 1" GraphOnPrice (TradePrice + St)    coloured(0,255,0,255) AS "Long  EXIT 2" GraphOnPrice (TradePrice - St)    coloured(220,20,60) AS "Short EXIT 1"

   

  

  Patrick K Templar

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  12/09/2020 at 1:28 AM #153019
  Patrick K Templar

  Hello Roberto I’ve made a mistake in the statement above

  the data point from the ATR is not actually changing it’s doing what it’s meant to do,  and what I want it to do but where it’s anchored from the trade price that’s changing I need to somehow anchor it to the first trade price the buying of the two contracts when I scale-out half that becomes the new trade price the new image below I put rulers on it to take measurements on the left side of the trade when there are two contracts and on the right side when there’s one contract,
  And you can see the measurements are the same but they’ve moved because the Anchor point is the trade price and the scaling out add new trade prices

  

  Patrick K Templar

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  12/09/2020 at 2:28 AM #153028
  robertogozzi

  Replace any occurrence of TRADEPRICE(1) with:

  TRADEPRICE(N)

  1	TRADEPRICE(N)

  Add this at line 3:

  ONCE N = 1

  1	ONCE N = 1

  add this line between lines 19 and 20:

  N = 1

  1

  N = 1

  and add this line between lines 35 and 36:

  N = 2

  1

  N = 2

  All these changes will allow your code to refer TRADEPRICE(1) when 2 positions are bought, then TRADEPRICE(2) after half is sold, because at that time the EXIT price becomes the new TRADEPRICE(1) so you’ll have to refer to the previous one which has become TRADEPRICE(2).

   

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  12/11/2020 at 8:23 PM #153433
  Patrick K Templar

  Hello Roberto

  I’ve added a trailing stop to the code it seems to be working alright 90% I’ve added some pictures down below to help explain but the TS and TP there’s some spikes on the chart that worry me a little you might be able to iron them out not sure. The trailing stop is nearly close to perfect but you might be able to make it actually perfect, again I’m not sure so I’ve added 2 pictures and if you take a look it should explain it, The trailing stop is just missing its target or missing a candle altogether

   

  259

  // Conditions to enter long positions defparam cumulateorders = false ONCE N = 1 PointsToKeep = 20 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) // Conditions to enter long positions // Conditions to enter long positions indicator2, indicator1, ignored = CALL "PRC_QQE indicator"[11, 20, 4.236] A1 = (indicator1 CROSSES OVER indicator2) indicator3 = Williams[8](close) A2 = (indicator3 >= -20) IF A1 AND A2 AND Not OnMarket THEN // Stops and targets : St = AverageTrueRange[14](CLOSE)*2 Tp = AverageTrueRange[14](CLOSE)*1.5 startBreakeven = TP //how much pips/points in gain to activate the breakeven function? trailingstart = St //trailing will start @trailinstart points profit trailingstep = Tp* pipsize //trailing step to move the "stoploss" BUY 2 PERPOINT AT MARKET SET STOP PLOSS St *pipsize //first stoploss N = 1 endif //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND abs(CountOfPosition) = 2 and close-TRADEPRICE(N)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = TRADEPRICE(N)+PointsToKeep*pipsize ENDIF IF LONGONMARKET AND Close >= (TRADEPRICE(N) + Tp) AND abs(CountOfPosition) = 2 THEN SELL 1 PERPOINT AT MARKET N = 2 ENDIF IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-TRADEPRICE(N)>=trailingstart*pipsize THEN newSL = high-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = high-trailingstep*pipsize ENDIF ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF IF newSL>0 THEN SELL AT newSL STOP ENDIF GraphOnPrice (newSL) coloured(255,165,0) AS "Trallingstop" GraphOnPrice (breakevenlevel) coloured(0,100,0,150) AS "breakeven1" Graph abs(CountOfPosition) GraphOnPrice (TradePrice(N) + Tp) coloured(0,0,255,255) AS "Long EXIT 1" GraphOnPrice (TradePrice(N) + St) coloured(0,255,0,255) AS "Long EXIT 2" GraphOnPrice (TradePrice(N) - St) coloured(220,20,60) AS "Short EXIT 1" //GraphOnPrice (TradePrice(N) - tp) coloured(220,20,60) AS "Short EXIT 2"

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  // Conditions to enter long positions defparam cumulateorders = false ONCE N = 1 PointsToKeep = 20 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) // Conditions to enter long positions // Conditions to enter long positions indicator2, indicator1, ignored = CALL "PRC_QQE indicator"[11, 20, 4.236] A1 = (indicator1 CROSSES OVER indicator2) indicator3 = Williams[8](close) A2 = (indicator3 >= -20) IF A1 AND A2 AND Not OnMarket THEN // Stops and targets : St = AverageTrueRange[14](CLOSE)*2 Tp = AverageTrueRange[14](CLOSE)*1.5 startBreakeven = TP //how much pips/points in gain to activate the breakeven function? trailingstart = St //trailing will start @trailinstart points profit trailingstep = Tp* pipsize //trailing step to move the "stoploss" BUY 2 PERPOINT AT MARKET SET STOP PLOSS St *pipsize  //first stoploss N = 1 endif //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF   // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND abs(CountOfPosition) = 2 and close-TRADEPRICE(N)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = TRADEPRICE(N)+PointsToKeep*pipsize ENDIF IF LONGONMARKET AND Close >= (TRADEPRICE(N) + Tp) AND abs(CountOfPosition) = 2 THEN SELL 1 PERPOINT AT MARKET N = 2 ENDIF IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-TRADEPRICE(N)>=trailingstart*pipsize THEN newSL = high-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = high-trailingstep*pipsize ENDIF ENDIF   //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF   IF newSL>0 THEN SELL AT newSL STOP ENDIF GraphOnPrice (newSL)                 coloured(255,165,0) AS "Trallingstop" GraphOnPrice (breakevenlevel)        coloured(0,100,0,150) AS "breakeven1" Graph        abs(CountOfPosition) GraphOnPrice (TradePrice(N) + Tp)    coloured(0,0,255,255) AS "Long  EXIT 1" GraphOnPrice (TradePrice(N) + St)    coloured(0,255,0,255) AS "Long  EXIT 2" GraphOnPrice (TradePrice(N) - St)    coloured(220,20,60) AS "Short EXIT 1" //GraphOnPrice (TradePrice(N) - tp)    coloured(220,20,60) AS "Short EXIT 2"

  Thank you

  

  Patrick K Templar

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  12/11/2020 at 11:00 PM #153443
  bertrandpinoy

  good evening i just arrived on this topic..cannot find: PRC_QQE indicator

  

  bertrandpinoy

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  12/12/2020 at 12:41 AM #153453
  robertogozzi

  There you go https://www.prorealcode.com/prorealtime-indicators/qqe-quantitative-qualitative-estimation/.

   

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  robertogozzi

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  12/12/2020 at 12:27 PM #153491
  robertogozzi

  Your trailing stop code follows HIGH, what’s wrong with it?

  As to spikes, you can mitigate ATR by applying an average to it (I used 20 periods):

  average[20,0](AverageTrueRange[14](CLOSE))

  1	average[20,0](AverageTrueRange[14](CLOSE))

   

  

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