IF decisions using the order gain

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    Posts
  • 04/04/2019 at 10:21 AM #95468 quote
    Alun
    Participant
    Average

    How do I use the gain on an order in an IF decision?

    04/04/2019 at 11:42 AM #95469 quote
    Nicolas
    Keymaster
    Master

    POSITIONPERF 

    The instruction POSITIONPERF(n) returns: The performance (ratio gain/cost of the position)

    So in order to use it in a condition you can do:

    if positionperf(0) > 0 then 
 //we are in gain!!
endif
    04/05/2019 at 4:40 PM #95561 quote
    Alun
    Participant
    Average

    Hi thank you for your reply.

    When I have tried this it does not seem to work. I would like to exit greater than a gain value. Is this possible?

    04/05/2019 at 4:44 PM #95562 quote
    Vonasi
    Moderator
    Master

    Alun– please do not double post. It just leads to wasted time and effort for those trying to help you if you post the same question in two places. I have deleted your other topic with an identical question.

    04/05/2019 at 6:32 PM #95580 quote
    Vonasi
    Moderator
    Master

    You can do something like this:

    takeprofit = 1000

if longonmarket and (close - positionprice) * countofposition > takeprofit then
sell at market
endif

if shortonmarket and (positionprice - close) * (0 - countofposition) > takeprofit then
exitshort at market
endif

    which will check at the bar close if you are in the desired profit or alternatively just use:

    set target $profit 1000

    which places an order on the market to sell when up $1000 or whatever currency the instrument is in.

    04/05/2019 at 8:17 PM #95584 quote
    GraHal
    Participant
    Master
    Alun wrote:

    When I have tried this it does not seem to work. I would like to exit greater than a gain value. Is this possible?

    Yes just set your gain value as a percentage, for example …

    if positionperf(0) > 0.1 then  //gain > 0.1%
Sell at Market
endif
    04/06/2019 at 12:15 AM #95588 quote
    Alun
    Participant
    Average

    Will do! Apologies, very new to this.

    04/06/2019 at 12:19 AM #95589 quote
    Alun
    Participant
    Average

    Vonasi, this seems to be exactly what I was looking for. Thanks

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IF decisions using the order gain


ProOrder: Automated Strategies & Backtesting

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Alun @alun Participant
Summary

This topic contains 7 replies,
has 4 voices, and was last updated by Alun
6 years, 11 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 04/04/2019
Status: Active
Attachments: No files
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