Money management coding help please

• 06/16/2016 at 5:40 PM #9462
  K12AN

  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.

   

   

  

  K12AN

  Participant

  Topics: 10

  Replies: 13

  Been thanked: 1 time
  06/16/2016 at 7:20 PM #9468
  Adolfo

  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!

  1 user thanked author for this post.

  Nicolas

  

  Adolfo

  Participant

  Topics: 15

  Replies: 169

  Been thanked: 24 times
  06/29/2016 at 12:57 AM #9978
  absent1980

  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.

  

  absent1980

  Participant

  Topics: 11

  Replies: 36

  Been thanked: 3 times
  06/29/2016 at 9:38 AM #9985
  Nicolas

  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/

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20832

  Been thanked: 4744 times
  06/29/2016 at 10:50 AM #9988
  absent1980

  Thank you, Nicholas. Nice code, already backtesting.

   

  

  absent1980

  Participant

  Topics: 11

  Replies: 36

  Been thanked: 3 times
• Author
  Posts