Open more positions

• 11/12/2019 at 6:13 PM #112622
  Stefanb

  Want some help with a code.

  If an algo takes a long position and lies back 20 points, I want a new position to take too long.

  After all, in my manual trade, I usually take 3-4 positions to get in “right”.

  Another question.

  If my algo takes a long position in DAX with 0.5 contract and I want to open a long position to can I take an even smaller position then?

  0.25 contract?

  My total position will then be 0.75 contract.

  Know that minimum position is 0.5 contract but if you already have a position of 0.5 and add on it then it should work or?

  

  Stefanb

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  11/13/2019 at 10:37 AM #112656
  Stefanb

  Found this from Vonasi

  But, i want to buy if my position go at the wrong way with 20 points.

  DEFPARAM CumulateOrders = true IF not OnMarket and (your conditions) then Buy 1 contract at market ENDIF IF OnMarket and (your conditions) and close > PositionPrice then Buy 1 contract at market ENDIF

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  DEFPARAM CumulateOrders = true IF not OnMarket and (your conditions) then Buy 1 contract at market ENDIF IF OnMarket and (your conditions) and close > PositionPrice then Buy 1 contract at market ENDIF

   

  

  Stefanb

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  11/13/2019 at 10:45 AM #112657
  Stefanb

  This code should do the trick..or?

   

  DEFPARAM CumulateOrders = true POSITIONSIZE=1 // Conditions to enter long positions IF (my conditions) then BUY POSITIONSIZE CONTRACTS AT MARKET ENDIF if longonmarket and close - tradeprice < 20*pointsize then buy 1 contract at market endif

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  DEFPARAM CumulateOrders = true   POSITIONSIZE=1   // Conditions to enter long positions IF (my conditions)  then BUY POSITIONSIZE CONTRACTS AT MARKET ENDIF   if longonmarket and close - tradeprice < 20*pointsize then buy 1 contract at market endif

  

  Stefanb

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  11/13/2019 at 12:11 PM #112670
  Vonasi

  So you want to open a long position and then average down every time price drops at least 20 from your last trade price?

  DEFPARAM CumulateOrders = true POSITIONSIZE=1 // Conditions to enter long positions IF not onmarket and (my conditions) then BUY POSITIONSIZE CONTRACTS AT MARKET ENDIF if longonmarket and close < tradeprice - 20 then buy 1 contract at market endif

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  DEFPARAM CumulateOrders = true   POSITIONSIZE=1   // Conditions to enter long positions IF not onmarket and (my conditions)  then BUY POSITIONSIZE CONTRACTS AT MARKET ENDIF   if longonmarket and close < tradeprice - 20 then buy 1 contract at market endif

   

  As for opening smaller positions after the initial trade. You can only do this if the position size is greater than the minimum position size allowed by your broker. All orders are treated separately and must be at or above the minimum size allowed.

  

  Vonasi

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  11/13/2019 at 1:06 PM #112677
  Stefanb

  Thanks Vonasi

  Suspected that it was so regarding position size.

  If I want to limit to a maximum of 1 extra order.

  Can i use

  Max position = 2 then

  

  Stefanb

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  11/13/2019 at 1:28 PM #112680
  Vonasi

  DEFPARAM CumulateOrders = true POSITIONSIZE=1 maxpositions = 2 // Conditions to enter long positions IF not onmarket and (my conditions) then BUY POSITIONSIZE CONTRACTS AT MARKET ENDIF if longonmarket and close < tradeprice - 20 and countofposition < maxpositions then buy 1 contract at market endif

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  DEFPARAM CumulateOrders = true   POSITIONSIZE=1 maxpositions = 2   // Conditions to enter long positions IF not onmarket and (my conditions)  then BUY POSITIONSIZE CONTRACTS AT MARKET ENDIF   if longonmarket and close < tradeprice - 20 and countofposition < maxpositions then buy 1 contract at market endif

   

  

  Vonasi

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  11/13/2019 at 1:40 PM #112682
  Stefanb

  Thanks Vonasi 🙂

  Now that you are heated up:)

  When I do a back test I see that in the tick mode tab I have a figure of over 50.

  I think that is because buy and sell takes place in the same bar.

  What is the code to avoid it?

  

  Stefanb

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  11/13/2019 at 3:17 PM #112698
  Vonasi

  Yes that is because buy and sell takes place in the same bar. The only way to change it is by changing your exit conditions! Perhaps you have a very close stop loss or take profit target? If so then these will look great in back testing but in real life your broker will reject all your orders and your strategy will fall to pieces.

  

  Vonasi

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