Need help to code second entry with same stoploss level

• 09/24/2021 at 7:31 AM #178264
  VinzentVega

  Good morning

  I need help to code an second entry after the first position is “x”  points in minus. The sl of the second position must be the same as that of the first position.

  For example:

  1. position: SL 200

  2. position: entry at -150 / sl -50

   

  Could anybody help?

  

  VinzentVega

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  09/24/2021 at 8:32 AM #178266
  JS

  Need help to coding

  DefParam CUMULATEORDERS = True StopDistance = 200 If LongOnMarket and TradePrice(1) - Close > 150 Then Buy at Market Set Stop pLoss StopDistance - (TradePrice(2) - TradePrice(1)) ElsIf ShortOnMarket and Close - TradePrice(1) > 150 Then Sell at Market Set Stop pLoss StopDistance - (TradePrice(1) - TradePrice(2)) End

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  DefParam CUMULATEORDERS = True   StopDistance = 200   If LongOnMarket and TradePrice(1) - Close > 150 Then Buy at Market Set Stop pLoss StopDistance - (TradePrice(2) - TradePrice(1))   ElsIf ShortOnMarket and Close - TradePrice(1) > 150 Then Sell at Market Set Stop pLoss StopDistance - (TradePrice(1) - TradePrice(2))   End

  

  JS

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  09/24/2021 at 8:34 AM #178267
  JS

  Not “End” but “EndIf” (last line)

  

  JS

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  09/24/2021 at 9:17 AM #178276
  robertogozzi

  Bear in mind that the stop loss is NOT separate for each position entered. It is calculated on PositionPrice (the average price). So there will only be ONE stop loss. If it’s hit, the first position entered will lose more than 200 pips and the second one will lose less than 200 pips. In the end you will suffer a 200-pip loss, anyway.

   

   

  

  robertogozzi

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  09/24/2021 at 10:04 AM #178281
  VinzentVega

  @JS

  Thank you very much.

  @robertogozzi

  Thats true. In case of SL, i will catch the first entry with SL 200 and the second entry with SL 50. In total 250 SL

  

  VinzentVega

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  09/24/2021 at 10:48 AM #178286
  palettofix

  is this correct?

  Correct?

  If LongOnMarket and TradePrice(1) - Close > 150 Then Buy at Market Set Stop pLoss StopDistance - (TradePrice(2) - TradePrice(1)) endif // short omitted

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  If LongOnMarket and TradePrice(1) - Close > 150 Then Buy at Market Set Stop pLoss StopDistance - (TradePrice(2) - TradePrice(1)) endif   // short omitted

  As far as I know,
  the buy order is executed at the start of the next candle. So TradePrice is not updated yet.

  

  palettofix

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  09/24/2021 at 11:31 AM #178290
  VinzentVega

  Pls find attached two backtests. Left side is the origin one, right side ist the version with the second entry. But something went wrong. I dont see the second entrys in the orderlist and SL is to high.

  

  VinzentVega

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  09/24/2021 at 11:49 AM #178294
  robertogozzi

  VinzentVega wrote:

  Thats true. In case of SL, i will catch the first entry with SL 200 and the second entry with SL 50. In total 250 SL

  Not exactly, it’s always 200 pips from POSITIONPRICE (the average price, see also my pic). Example:

  • first LONG      entry at 15600  – PositionPrice = 15600)                                    (initial SL    at 15400) – if hit, the position will lose 200 pips (200 pips per position)
  • second LONG entry at 15520  – PositionPrice = 15560,(15600+15520)/2)  (updated SL at 15360) – if hit, the 1st position will lose 240 pips, while the 2nd position will lose 160 pips (so it’s 200 pips per position)

   

   

   

  

  robertogozzi

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