How to trade all instruments from one account and minimise position size

• 05/19/2020 at 9:47 PM #132314
  badar80

   

  Hi all,

  I have codes running on 5 different instruments on a demo account, the codes each have their own starting capital. In practise I would like to run these strategies all on the same account, could someone please tell me how I could do this?

  I’m also trying to determine the minimum trading amount possible by backtesting. It seems, for example that when each trade risks 5% or 10% of an £8,000 account then then results seem to reflect this, but when I change the code to trade 1% of this account then fewer trades appear in the results, from which I infer that further trades were not possible due to the fact that a larger percentage of the account must be risked to ensure all the trades are triggered; is this correct?

  Could someone please let me know how I could make my position sizing and capital amount as small as possible whilst still ensuring all trades are still triggered?

  Thanks again.

  

  badar80

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  05/19/2020 at 10:17 PM #132317
  GraHal

  badar80 wrote:

  I would like to run these strategies all on the same account, could someone please tell me how I could do this?

  You are running all on the same account … your demo account.

  badar80 wrote:

  is this correct?

  It would appear so, but without seeing the code we are guessing.

  badar80 wrote:

  Could someone please let me know how I could make my position sizing and capital amount as small as possible whilst still ensuring all trades are still triggered?

  Assuming capital is set / coded as an amount in your strategy code? Try backtesting your strategy and optimise capital amount to get maximum number of trades?

  If you post your code we may be able to help further.

  

  GraHal

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  05/22/2020 at 7:32 PM #132894
  badar80

  Thanks for the response GraHal. I post my code herewith, it’s just as I basically  run the same code, but for each different instrument then in the codes I have to define an initial account size for each instrument separately and I’d like to run all the codes off this initial account size rather than have separate account size stipulations for each instrument.

  Yes, I backtested the stratgies and noticed that when going below a certian account size or risk management then I’d start to get fewer results, so when I increased the account size or risk systematically and the count of executed trades stopped increasing then I assumed this meant all setups were being entered. I checked the charts and this seemed to be the case. However, I have now noticed that in my demo account a set up did occur and was not entered, even though automated trading was enabled and it should have been entered as implied by backtests.

   

  mult = AverageTrueRange[14](close[0]) //MM lot size REM Money Management Capital = 8000 Risk = 0.02 // StopLoss = mult*9 // value of stoploss in pips/points REM Calculate contracts equity = Capital + StrategyProfit maxrisk = round(equity*Risk) PositionSize = abs(round((maxrisk/StopLoss)/PointValue)*pipsize) IF NOT LongOnMarket THEN IF NOT  ShortOnMarket THEN IF close[0] > close[1] AND close[1] > close[2] AND close[2] > close[3] AND close[3] > close[4] AND close[0] > close[1] AND close[0] > close[2] AND close[0] > close[3] AND close[0] > close[4] AND close[0] > close[5] AND close[0] > close[6] AND close[0] > close[7] AND close[0] > close[8] AND close[0] > close[9] AND close[0] > close[10] AND close[0] > close[11] AND close[0] > close[12] AND close[0] > close[13] AND close[0] > close[14] AND close[0] > close[15] AND close[0] > close[16] AND close[0] > close[17] AND close[0] > close[18] AND close[0] > close[19] AND close[0] > close[20] THEN BUY PositionSize CONTRACTS AT MARKET set stop loss mult*9 set target profit mult*9 ENDIF ENDIF ENDIF

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  mult = AverageTrueRange[14](close[0])   //MM lot size   REM Money Management Capital = 8000 Risk = 0.02 // StopLoss = mult*9 // value of stoploss in pips/points   REM Calculate contracts equity = Capital + StrategyProfit maxrisk = round(equity*Risk) PositionSize = abs(round((maxrisk/StopLoss)/PointValue)*pipsize)   IF NOT LongOnMarket THEN IF NOT  ShortOnMarket THEN IF close[0] > close[1] AND close[1] > close[2] AND close[2] > close[3] AND close[3] > close[4] AND close[0] > close[1] AND close[0] > close[2] AND close[0] > close[3] AND close[0] > close[4] AND close[0] > close[5] AND close[0] > close[6] AND close[0] > close[7] AND close[0] > close[8] AND close[0] > close[9] AND close[0] > close[10] AND close[0] > close[11] AND close[0] > close[12] AND close[0] > close[13] AND close[0] > close[14] AND close[0] > close[15] AND close[0] > close[16] AND close[0] > close[17] AND close[0] > close[18] AND close[0] > close[19] AND close[0] > close[20] THEN BUY PositionSize CONTRACTS AT MARKET set stop loss mult*9 set target profit mult*9 ENDIF ENDIF ENDIF

   

  Thanks again.

  

  badar80

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  05/22/2020 at 8:04 PM #132897
  GraHal

  badar80 wrote:

  I’d like to run all the codes off this initial account size rather than have separate account size stipulations for each instrument.

  If you are running 5 Instruments then surely you need to divide your total capital available by 5 and enter that figure in each strategy?

  I don’t ever use a varying position size … too risky and also too much mither to compare performance between the various strategies.

  If I am using other’s code, to keep it simple I do below (add ‘1 or’ ) and then (generally) position size ends up as 1 🙂

  PositionSize = 1 or abs(round((maxrisk/StopLoss)/PointValue)*pipsize)

  1	PositionSize = 1 or abs(round((maxrisk/StopLoss)/PointValue)*pipsize)

   

   

  

  GraHal

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  05/23/2020 at 1:15 PM #132943
  badar80

  I see, thanks GraHal. I see the minimum position size you have given is one, I’ve noticed while backtesting.

  I’d Ideally like to trade 5 or 6 instruments on a 3k to 5k account; what’s the best way to do this with minimal risk? If I stipulate each code to run from an initial account of 1k, is this guaranteed to trade only 1k of the 5k for each instrument?

  I have also now noticed that the minimum position size for major stocks varies on my live account (0.01, 0.12, etc). On my demo account the minimum position size seems to be fixed for the major stocks at 0.5, which complicates the issue further.

  So even if I do write codes that each trade 1k for a 5k account, how could I ensure each of these codes risk only 1% of the 1k (assuming I make the SLs a fixed number of pips)? If I manage to do this then how do I translate this to the live account, which then has different minimum trade size requirements?

  Any advice would be massively appreciated.

  Thanks again!

  

  badar80

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  05/23/2020 at 3:36 PM #132956
  GraHal

  badar80 wrote:

  I’d Ideally like to trade 5 or 6 instruments on a 3k to 5k account; what’s the best way to do this with minimal risk?

  Best way imo is to use the ‘1 or’ on all strategies which use varying position size or money management as some call it.

  But use the minimum that is possible on instruments, so on the DJI for example you would add ‘0.2 or’ and on DAX you would add ‘0.5 or’ as below …

  So never trade anything less than minimum position size and switch off all Auto-Systems before you go to bed! 🙂 not joking!

  Variation on above is … if System is showing a good profit early on in the evening then close it until tomorrow!

  Set up the IG App on your mob and set up price level alerts so you get a push notification when price exceeds a level that you want to intervene on the System.

  Don’t be afraid to exit / close  a System if you are not comfortable with the direction the trade is going … i.e if losses are mounting … get out and live to fight another day!

  PositionSize = 0.2 or abs(round((maxrisk/StopLoss)/PointValue)*pipsize) //0.2 is min for DJI on UK SB

  1	PositionSize = 0.2 or abs(round((maxrisk/StopLoss)/PointValue)*pipsize) //0.2 is min for DJI on UK SB

   

   

  

  GraHal

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  05/23/2020 at 3:44 PM #132957
  GraHal

  But before you do above … why not set up your portfolio of Systems on DEMO LIVE and if you aren’t making ‘decent money worth the risk’ each month for 3 months then DON’T GO REAL LIVE!?

  (Vonasi may delete the CAPS above as he HATES CAPS! 🙂 ) 

  

  GraHal

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  05/23/2020 at 8:14 PM #132988
  badar80

  Super thanks! The ProRealTime demo with my broker is only 1 month, I think there are about 3 weeks left! Is there any way around this?

  Also, with regards to the switching off while asleep; are these systems not to be trusted to function properly if you’re not watching the charts?

  On doing seperate codes for each instrument, with reference to the inclusion of lines such as ‘IF NOT LongOnMarket/IF NOT ShortOnMarket THEN’; if the total account size is 6k, you stipulate 1k for 6 different instruments in each code for said instrument. For one of the instruments in question, if a trade has already been triggered on another instrument due to its respective code, then will another trade open on the selected instrument if the conditions are fulfilled? I.e. can more than one trade be triggered in the portfolio as long as there is not more than one trade open per instrument per timeframe? I might like to execute different codes on the same instrument, but on different timeframes.

  That probably could have been asked in a more efficient way!

  Thanks again.

   

  

  badar80

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  05/23/2020 at 8:42 PM #132989
  GraHal

  badar80 wrote:

  I think there are about 3 weeks left! Is there any way around this?

  If your Real Live Account  is funded then you are entitled to have a Demo Account … there is no limit.

  badar80 wrote:

  are these systems not to be trusted to function properly if you’re not watching the charts?

  It’s not the Systems so much as the market / price can do all sorts of abnormal movements overnight … for example what if Aliens landed overnight or War broke out etc?

  Loads do leave Systems running, but I find it so demoralising to wake up to £150 loss which has to be made up before you are even level pegging for the day ahead?

  badar80 wrote:

  I might like to execute different codes on the same instrument, but on different timeframes.

  You can have 10 trades all on the same timeframe as long as they are triggered by 10 separate Systems.

  But if 2 trades on the same instrument attempt to open at exactly the same time then 1 trade will be rejected, but may attempt to open 1 second or so later.

  You will have the enjoyment of finding all this out firsthand when you get them all set up on your DEMO Platform.

   

  

  GraHal

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  05/23/2020 at 10:50 PM #132995
  Vonasi

  @badar80 – I edited your second post in this topic. Please follow forum rules and always use the ‘Insert PRT Code’ button when posting code in your future posts..

   

  

  Vonasi

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  05/26/2020 at 7:05 PM #133354
  badar80

  Apologies, I will do, thanks for all your help guys.

  

  badar80

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