how to code to calculate an average of two inputs

josef1604 · 2022-06-08T20:59:30+00:00

hello, I ask you for help please How can the bot recalculate the profit when I do two inputs at differentt price? that is, after putting a second entry, how can I code so that the bot can calculate the average of both entries leaving the initial stoploss of the first entry and have a positive exit?

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06/08/2022 at 9:59 PM #194948 quote

josef1604
Participant

Senior

hello, I ask you for help please How can the bot recalculate the profit when I do two inputs at differentt price? that is, after putting a second entry, how can I code so that the bot can calculate the average of both entries leaving the initial stoploss of the first entry and have a positive exit?

06/09/2022 at 7:48 AM #194952 quote

Nicolas
Keymaster

Legend

The average price of orders open price is POSITIONPRICE So for 2 buy orders, the profit is positive above POSITIONPRICE.
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06/09/2022 at 7:53 AM #194954 quote

josef1604
Participant

Senior

I explain myself better. The code makes an entry (it is executing a stoploss) if it is placed in the opposite direction to the entry, how can I make it make a second entry and do the average between the first and the second and the operation comes out positive? that without modifying the initial stoploss

06/09/2022 at 9:04 AM #194958 quote
Nicolas
Keymaster

Legend
Sorry I dont get it 🙂
1. Do you want to cover your floating loss with an opposite order?
2. The second order is of the same type of the first one?
3. When the second order is opened, the first one is still at market or triggered its stoploss already?
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06/09/2022 at 10:55 AM #194969 quote

josef1604
Participant

Senior

1. Do you want to cover your floating loss with an opposite order? NO

2. Is the second order of the same type as the first? YES

3. When the second order is opened, is the first one still in the market or has it already triggered its stoploss? Stay in the market and follow the stop of the initially open position

I give an example: I buy at 12100 (stop at 12090) and it falls to 12000, increase the position bot (buy again and the stop remains at 12090). Once you have opened the second position take an average of both positions and recalculate a positive exit again.

06/10/2022 at 8:40 AM #195011 quote
Nicolas
Keymaster

Legend
Ok here is a dummy strategy that simulate that behavior (averaging down the first order only 1 time, and exit if the profit is positive)
```
defparam cumulateorders=true 
defparam preloadbars=0

buyc = rsi[14]crosses over 50

//first order
if not longonmarket and buyc then 
 buy 1 contract at market 
 set stop ploss 100
endif

//averaging down the first order at 20 points in loss
if longonmarket and tradeprice-close>=20 and countofposition<2 then 
 buy 1 contract at market 
endif 

//put the exit in positive area 
if longonmarket and countofposition=2 then 
 set target price positionprice+1
endif 
```
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averaging-down-buy-orders.png
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how to code to calculate an average of two inputs

ProOrder: Automated Strategies & Backtesting

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This topic contains 5 replies,
has 2 voices, and was last updated by Nicolas
4 years, 3 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	06/08/2022
Status:	Active
Attachments:	1 files