Multiple entrys, number of bars error
- This topic has 13 replies, 3 voices, and was last updated 4 years ago by
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Partial closure of positions is not currently possible in PRT but multiple position opening is and so if you have opened 3 long positions then in reality you have one long position with a price which is the average of the three. If we could partially close positions then individual information on each of the three trades (or even more if we sell positions smaller than the opening size) would be useful – but as they are currently treated as one trade then dividing the profit or loss by three and just showing the number of bars on one of the trades tells us all we need to know at the moment IMHO.
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We will have to agree to disagree but you have not told us how you would like the results to be shown if you open multiple positions of varying size at different times and then close them with varying position size in maybe less or more trades than you used to open them and at varying times?
BUY 1 contract at 1200
BUY 3 contracts at 1300
BUY 10 contracts at 1400
then
SELL 1 contract at 1500
SELL 2 contract at 1600
SELL 5 contract at 1700
SELL 6 contract at 1800
It is impossible to list them as separate closed trades with specific start and stop times but what we can say is that we opened a trade at 1200 and added to it then slowly closed it out until that trade was fully closed at 1800. The total number of bars was however many there was between 1200 and 1800 and the gain/loss was whatever the profit/loss was once everything was sold. These are all ‘TRUE’ facts and are shown in the current report. Please tell us how PRT could show it in any other way for the above situation?
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Not sure where the ego thing comes from. You started a topic saying that something was an error when in reality it isn’t. Partial closure is possible in PRT but only in back testing so PRT need right now a way to show the result of the multiple trades. To fulfil your request and fix your ‘error’ they would need some way of detecting whether you have actually closed trades in amounts equal to the amounts that you opened them with and to know which closure relates to which opening. If you use partial closure of varying amounts they would need need to know what amounts at closure relate to what amounts at open which is impossible, hence I guess why they do it the way they do it.
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Hi Tempus,
The max. number of contracts you insert once you activate a strategy in ProOrder is the max number of contracts you can use.
Let me explain. If you you have an strategy that allows cumulate orders and your maxcontracts in the code allows you to reach 10 contracts/lots, you will have to insert 10 when you activate the code. If you insert 5, the maximum num as a whole will be 5, regardless that the code says 10.
And of course, the maximum contracts per entry should be always lower than the number of contract you insert when activate your code in ProOrder.
Saludos,
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