Money management coding help please

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  • 06/16/2016 at 5:40 PM #9462 quote
    K12AN
    Participant
    Junior

    Hello all

    I have an idea for a money management plan, but am not able to code it.

    Would appreciate some assistance :). ATR=AverageTrueRange[14]

    1. I take a position on a daily bar – 2 lots Long (or Short)
    2. I place a TP for 1 lot at ATR*0.25  and and the other at ATR *0.8
    3. I put a SL for 2 lots at AT4*0.25
    4. Close all open positions/cease all trading at 18:00

    The beauty of this is that your loss is limited, and if first TP is triggered we can allow the other 1 lot to run for the rest of the session (unless it is also triggered) and the worse case scenario would be a breakeven in PL if the SL is triggered.

    QUESTION – If I trigger the first TP, would the SL automatically go to down to 1?

    Hope I’ve explained it clearing enough – happy to clarify if needed.

    06/16/2016 at 7:20 PM #9468 quote
    Adolfo
    Participant
    Senior

    Hi K12AN,

    ProOrder doesn’t let you exit parcial positions, I suggest you to start 2 systems with 1 contract and different profits.

    ANSWER – In 2nd case, if price reach to ATR*0.25 and should run to ATR*0.8, you can move stoploss to breakeven after first target is reached, and let the trade run.

    Best Regards!

    Nicolas thanked this post
    06/29/2016 at 12:57 AM #9978 quote
    absent1980
    Participant
    Average

    HI there,

    I need some help with coding money management, mainly position size. How to code position size for spreadbetting at ceratain % of available equity/ATR

    Thanks.

    06/29/2016 at 9:38 AM #9985 quote
    Nicolas
    Keymaster
    Master

    Adolfo has wrote a nice code snippet for money management position size calculation, here in the blog :

    http://www.prorealcode.com/blog/learning/money-management-prorealtime-code/

    06/29/2016 at 10:50 AM #9988 quote
    absent1980
    Participant
    Average

    Thank you, Nicholas. Nice code, already backtesting.

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Money management coding help please


ProOrder: Automated Strategies & Backtesting

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K12AN @k12an Participant
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This topic contains 4 replies,
has 4 voices, and was last updated by absent1980
9 years, 7 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 06/16/2016
Status: Active
Attachments: No files
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