How to bring trade to breakeven

• 01/28/2019 at 5:20 PM #89848
  garyoaten

  Hi, Id like to know how to automate bringing a trade to breakeven? At present I am aiming for 1/1.3 risk reward but would like it to at breakeven at worse once it has hit 1:1

  Can somebody please point me in the right direction?

  Also is there a way at a certain time you can make it close all open trades that the system has opened? So if it has a trade is open and I want it to close the trade at 1700hr no matter what.

  defparam cumulateorders=false // --- settings ATR = 82 //daily ATR value myTarget = 1.3 //target profit coefficient Capital = 5000 //capital at starting of the strategy Risk = 1 //risk in % StartTime = 080000 EndTime = 163000 // --- end of settings //indis bollm = ExponentialAverage[20](open) bollup = ExponentialAverage[20](open)+2*std[20](open) bolldn = ExponentialAverage[20](open)-2*std[20](open) tcondition = (time>=StartTime and time<=EndTime) and (opendayofweek>=1 and opendayofweek<=5) if tcondition then //short orders if high-bollm>ATR*0.25 and low>bollup and high-close > close-open then //money managenemt sellentry = low-1*pointsize sellstoploss = high+1*pointsize StopLoss = sellstoploss-sellentry selltarget = StopLoss*myTarget equity = Capital + StrategyProfit maxrisk = round(equity*(Risk/100)) PositionSize = abs(round((maxrisk/StopLoss)/PointValue)*pipsize) //pending order sellshort PositionSize contract at sellentry stop set target profit selltarget set stop loss StopLoss endif //long orders if bollm-low>ATR*0.25 and high<bolldn and close-low > high-close then //money managenemt buyentry = high+1*pointsize buystoploss = low-1*pointsize StopLoss = buyentry-buystoploss buytarget = StopLoss*myTarget equity = Capital + StrategyProfit maxrisk = round(equity*(Risk/100)) PositionSize = abs(round((maxrisk/StopLoss)/PointValue)*pipsize) //pending order buy PositionSize contract at buyentry stop set target profit buytarget set stop loss StopLoss endif endif //graph high-ema20>ATR*0.2 and low>bollup

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  defparam cumulateorders=false   // --- settings ATR = 82 //daily ATR value myTarget = 1.3 //target profit coefficient Capital = 5000 //capital at starting of the strategy Risk = 1 //risk in % StartTime = 080000 EndTime = 163000 // --- end of settings   //indis bollm = ExponentialAverage[20](open) bollup = ExponentialAverage[20](open)+2*std[20](open) bolldn = ExponentialAverage[20](open)-2*std[20](open) tcondition = (time>=StartTime and time<=EndTime) and (opendayofweek>=1 and opendayofweek<=5)   if tcondition then //short orders if high-bollm>ATR*0.25 and low>bollup and high-close > close-open then //money managenemt sellentry = low-1*pointsize sellstoploss = high+1*pointsize StopLoss = sellstoploss-sellentry selltarget = StopLoss*myTarget equity = Capital + StrategyProfit maxrisk = round(equity*(Risk/100)) PositionSize = abs(round((maxrisk/StopLoss)/PointValue)*pipsize) //pending order sellshort PositionSize contract at sellentry stop set target profit selltarget set stop loss StopLoss endif   //long orders if bollm-low>ATR*0.25 and high<bolldn and close-low > high-close then //money managenemt buyentry = high+1*pointsize buystoploss = low-1*pointsize StopLoss = buyentry-buystoploss buytarget = StopLoss*myTarget equity = Capital + StrategyProfit maxrisk = round(equity*(Risk/100)) PositionSize = abs(round((maxrisk/StopLoss)/PointValue)*pipsize) //pending order buy PositionSize contract at buyentry stop set target profit buytarget set stop loss StopLoss endif endif   //graph high-ema20>ATR*0.2 and low>bollup

   

  Thanks in advance

  Gary

   

  

  garyoaten

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  01/28/2019 at 6:57 PM #89852
  Vonasi

  garyoaten – Please use the ‘Insert PRT Code’ button when putting code in your posts to make it more readable for others. I have tidied up your post for you 🙂

  

  Vonasi

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  01/29/2019 at 9:10 AM #89909
  Nicolas

  Some breakeven code snippets available through the forums:

  https://www.prorealcode.com/blog/learning/trailing-stop-max-favorable-excursion-mfe/#comment-5885

  https://www.prorealcode.com/topic/short-eur-usd-m15-pac-man-strategy/#post-69698

  https://www.prorealcode.com/topic/stoploss-stuck-after-being-set/#post-71117

  https://www.prorealcode.com/topic/move-sl-during-current-candle/#post-79130

  https://www.prorealcode.com/blog/learning/breakeven-code-automated-trading-strategy/

  https://www.prorealcode.com/topic/stop-nachziehen-aber-wie/#post-38428

  To close all orders at a defined time, use:

  defparam flatafter = 170000 //all orders will be closed (included pending ones) at that time

  1	defparam flatafter = 170000 //all orders will be closed (included pending ones) at that time

   

   

  

  Nicolas

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