New position for a strategy.

Fran55 · 2020-08-21T17:37:53+00:00

Just one more question: In the strategy there can be a maximum of 2 positions. After a first position, buy another position if the same conditions as the first position are met. Or, buy another position, if the price falls 1% from the first position.

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08/21/2020 at 6:37 PM #142241 quote

Fran55
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Veteran

Just one more question:

In the strategy there can be a maximum of 2 positions.
After a first position, buy another position if the same conditions as the first position are met.
Or, buy another position, if the price falls 1% from the first position.

08/23/2020 at 12:22 AM #142298 quote
robertogozzi
Moderator

Legend
Not tested:
```
DEFPARAM CumulateOrders = true
IF Not OnMarket THEN
   PriceFall  = 0
   EntryPrice = 0
ELSE
   PriceFall  = (close <= (EntryPrice * 0.99))
ENDIF
AddPosition = abs(CountOfPosition) < 2
IF (MyConditions OR PriceFall) AND AddPosition AND Not ShortOnMarket THEN
   BUY 1 CONTRACT AT MARKET
   IF abs(CountOfPosition) = 0 THEN
      EntryPrice = close
   ENDIF
ENDIF
```
08/23/2020 at 9:32 AM #142299 quote

Fran55
Participant

Veteran

Thanks Grahal!

But there is a problem … I can’t get it to work the way I want.

In the strategy there can be a maximum of 2 positions.
After a first position, buy another position if the price falls 1% from the first position.

The strategy with your code buys the two positions when the same conditions are met.
What I want is that I only buy the first position with conditions, and the second position if the price falls 1% from the first position.

The first photo is what I have so far.
The second photo shows that it always buys the second position when the conditions of the first position are met, since it always buys the second position a few pips after the first position.

Screenshot_1-1.png Screenshot_2-1.png

08/23/2020 at 10:34 AM #142305 quote
robertogozzi
Moderator

Legend
That’s what you asked

“After a first position, buy another position if the same conditions as the first position are met.
Or, buy another position, if the price falls 1% from the first position.”

I am not GraHal.

If you don’t want to buy the second position with the same conditions as the first one, change line 9:
```
IF ((MyConditions AND (Countofposition = 0)) OR PriceFall) AND AddPosition AND Not ShortOnMarket THEN
```
08/23/2020 at 11:06 AM #142310 quote

Fran55
Participant

Veteran

Jjhajjjaaa!!!

Sorry Roberto!

08/23/2020 at 1:26 PM #142327 quote

Fran55
Participant

Veteran

No function.

Screenshot_3-1.png

08/23/2020 at 1:45 PM #142332 quote

robertogozzi
Moderator

Legend

Post your code if you want help about it, instead of general examples.
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