Is it possible to open a trade manually and then have it close automatically?

• 01/10/2024 at 10:49 PM #226208
  idunnomuch

  Basically as per the title.

  I would prefer to open a trade manually, but then keep that trade monitored using prorealtime that would close it automatically based on my parameters. Is this possible at all?

  thanks.

  

  idunnomuch

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  01/11/2024 at 8:14 AM #226215
  Jean FX

  You can create alerts based on your conditions (indicators, for instance) and link an order to to the alerts when it is triggered.

  

  Jean FX

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  01/11/2024 at 9:08 AM #226216
  GraHal

  idunnomuch wrote:

  close it automatically based on my parameters

  You could start an Algo at, for example, 8am and have a Buy Condition as below and also have your exit conditions coded into the Algo.

  If Time > 080000 Then Buy at Market Endif ExitCond = a AND b AND c If LongonMarket AND ExitCond Then Sell at Market Endif

  1 2 3 4 5 6 7 8

  If Time > 080000 Then Buy at Market Endif   ExitCond = a AND b AND c If LongonMarket AND ExitCond Then Sell at Market Endif

  As soon as the Algo executes the code, a Buy would execute … in the example above, if Algo started running at 8am.

   

  

  GraHal

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  01/11/2024 at 10:43 AM #226218
  robertogozzi

  Autotrading is not aware of trades opened manually, so they can’t be dealt with.

  On the contrary, trades opened in autotrading can be modified and closed manually, but in this case the strategy will be stopped immediately, so you will have to take care of those trades yourself (closing, setting a trailing stop etc…), then restart your strategy when needed.

   

  

  robertogozzi

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  01/11/2024 at 10:54 AM #226219
  GraHal

  GraHal wrote:

  exit conditions coded into the Algo.

  After Exit use QUIT and then repeat the process by starting the Algo again as Roberto says above.

  https://www.prorealcode.com/documentation/quit/

   

  

  GraHal

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