Money management system

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • 05/16/2016 at 10:46 AM #7160 quote
    Brage
    Participant
    Senior

    Hi guys

    In the attached pdf there is a money management idea that I’ve tested a little and I’ve wanted to test it in an automated strategy but I don’t know how to code it. It is the relation between the risk unit and the move of the stop to lock in a profit that I find interesting and after these first  steps start trailing rest of position with MA, SAR or ATR. First I want to set the initial stop manually regarding to the instrument traded.

    Maybe it can be combined with a breakout code in the library for a complete strategy.

    Money-management-1.pdf
    05/16/2016 at 11:26 AM #7166 quote
    Nicolas
    Keymaster
    Master

    Hello, yes it can be coded. But the point 4 is not possible, since positions cannot be half-cut.. partial closing is currently not possible with IG. There are no problem to code point 1 to 3 though! 🙂

    This is also an usual question/request, like many others things : hard trailing stop, stoploss from indicator, etc.. Maybe I should make a code snippets library .. but I don’t know well how to add it on the website for everyone to be clear.

    05/16/2016 at 12:36 PM #7169 quote
    Brage
    Participant
    Senior

    Thanks Nicolas!

    Understand that a lot of questions/requests are almost the same. For me the problem is all new ideas that pop up and I want to test and lack of coding experience. And patience:)

    For now I would do with step 1 to 3 to try to combine it with an entry system and see if I get better results.

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.

Money management system


ProOrder: Automated Strategies & Backtesting

New Reply
Author
author-avatar
Brage @brage Participant
Summary

This topic contains 2 replies,
has 2 voices, and was last updated by Brage
9 years, 9 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 05/16/2016
Status: Active
Attachments: No files
Logo Logo
Loading...
Do you like cookies? 🍪 We use cookies to ensure you get the best experience on our website. (Learn more)
©2026 ProRealCode - Trading & Coding with ProRealTime™