How to average down ?

• 11/14/2022 at 5:36 PM #204165
  frdriancre

  Hey, I wanted to know how to average down the position once i entered a trade through the code. That is, when It falls 1.5% of the price (of entry) and goes into losses how to make the code buy again there.

  

  frdriancre

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  11/15/2022 at 3:23 AM #204182
  robertogozzi

  Only post in the language of the forum that you are posting in. For example English only in the English speaking forums and French only in the French speaking forums. Thank you  🙂

  I moved the topic from the Spanish forum.

  There you go (tested on DAX, Daily TF):

  DEFPARAM CumulateOrders = True // // code to spot any new entry // NewTrade = (LOngOnMarket AND ShortOnMarket[1]) OR (LOngOnMarket[1] AND ShortOnMarket) OR (OnMarket AND Not OnMarket[1]) // // check how many positions are currently open // MyPositions = abs(CountOfPosition) // // store the new trading price of any additional position // IF NewTrade OR (MyPositions > MyPositions[1]) THEN EntryPrice = TradePrice ENDIF // // clear variables when not OnMrket // IF Not OnMarket THEN EntryPrice = 0 ENDIF // // average down whenever a 1.5% drop occurs // IF LongOnMarket THEN IF close <= EntryPrice * 0.985 THEN //1.5% drop BUY 1 CONTRACT AT Market ENDIF ELSIF ShortOnMarket THEN IF close >= EntryPrice * 1.015 THEN //1.5% drop SELLSHORT 1 CONTRACT AT Market ENDIF ENDIF // // example of a strategy (just to test the above code) // IF close crosses over average[20,0](close) and not OnMarket THEN buy 1 Contract at Market endif IF close crosses under average[20,0](close) and not OnMarket THEN sellshort 1 Contract at Market endif // // target profit // SET TARGET pPROFIT 100 // // monitor the entry price // graphonprice EntryPrice coloured("Green")

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  DEFPARAM CumulateOrders = True // // code to spot any new entry // NewTrade = (LOngOnMarket AND ShortOnMarket[1]) OR (LOngOnMarket[1] AND ShortOnMarket) OR (OnMarket AND Not OnMarket[1]) // // check how many positions are currently open // MyPositions = abs(CountOfPosition) // // store the new trading price of any additional position // IF NewTrade OR (MyPositions > MyPositions[1]) THEN    EntryPrice = TradePrice ENDIF // // clear variables when not OnMrket // IF Not OnMarket THEN    EntryPrice = 0 ENDIF // // average down whenever a 1.5% drop occurs // IF LongOnMarket THEN    IF close <= EntryPrice * 0.985 THEN    //1.5% drop       BUY 1 CONTRACT AT Market    ENDIF ELSIF ShortOnMarket THEN    IF close >= EntryPrice * 1.015 THEN    //1.5% drop       SELLSHORT 1 CONTRACT AT Market    ENDIF ENDIF // // example of a strategy (just to test the above code) // IF close crosses over average[20,0](close) and not OnMarket THEN    buy 1 Contract at Market endif IF close crosses under average[20,0](close) and not OnMarket THEN    sellshort 1 Contract at Market endif // // target profit // SET TARGET pPROFIT 100 // // monitor the entry price // graphonprice EntryPrice coloured("Green")

   

  

  robertogozzi

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