Open reverse position when stopLoss reached

• 11/06/2020 at 3:22 PM #149684
  BobOgden

  Hey,

  I’ve tried coding a strategy found here (thank you btw), and I think I’ve managed to do it. (I’ve also used some BE and TS code designed by some users from the forum, thank you very much as well)

  However, I would like to go further and add a bit of code to open a reverse position as soon as the stopLoss of the previous position has been reached and if RSI is still below 31 (I’m only focusing on long positions for now, one step at a time lol). I thouhgt it would be very simple but it doesn’t seem to work. Here is the bit of code :

  Bit of code

  // Conditions to close a long position If LongOnMarket AND (tradeprice - low >= 30) THEN SELL AT MARKET if RSIdown then sellshort positionsize contracts at market set stop pLoss lossNb endif ENDIF

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  // Conditions to close a long position If LongOnMarket AND (tradeprice - low >= 30) THEN SELL AT MARKET if RSIdown then sellshort positionsize contracts at market set stop pLoss lossNb endif ENDIF

  I’ve also tried to create a variable that equals 1 when the stopLoss is reached and 0 when a long position is opened but it doesn’t seem to work either. I’ve tried using a “sell at market” order instead of the regular stopLoss but I can’t make it work either.

  Here’s the full original code (without the short reverse position snippet) :

  Full code

  // RSI Powerbomb - DJ 1 min ? - Julian TradingCafe DEFPARAM CumulateOrders = false //***************************** //Variables myATR = averagetruerange[14] if myATR > 30 then lossNb = myATR // lossNb = distance to set stopLoss else lossNb = 30 endif //profitNb = 30 //Money Management MM = 0 // = 0 for optimization if MM = 0 then positionsize = 1 endif MyRSI = RSI[50] if MyRSI >= 69 then RSIup = 1 elsif MyRSI =< 31 then RSIdown = 1 else RSIup = 0 RSIdown = 0 endif //graph RSIdown as "RSIdown" //graph RSIup as "RSIup" VosConditions = RSIup and RSIdown // Condition nulle if RSIup and RSIdown and VosConditions then endif //------------------------------------------------------------- //************************ // Round numbers : 50s and 100S floor100 = (round(close/100-0.51))*100 ceiling100 = (round(close/100+0.51))*100 //graph floor100 as "floor100" //graph ceiling100 as "ceiling100" floor50 = (round(close/50-0.51))*50 ceiling50 = (round(close/50+0.51))*50 //graph floor50 as "floor50" //graph ceiling50 as "ceiling50" //------------------------------------------------------------------------ //************************** // Conditions : closing candle within the range of a round number // floor 100s : 85 <-> 115 if (close > floor100 - 15) and (close < floor100 + 15) then posfloor100 = 1 else posfloor100 = 0 endif // floor 50s : 42 <-> 58 if (close > floor50 - 8) and (close < floor50 + 8) then posfloor50 = 1 else posfloor50 = 0 endif //graph posfloor100 as "posfloor100" //graph posfloor50 as "posfloor50" // ceiling 100s : 85 <-> 115 if (close < ceiling100 + 15) and (close > ceiling100 - 15) then posceiling100 = 1 else posceiling100 = 0 endif // ceiling 50s : 42 <-> 58 if (close < ceiling50 + 8) and (close > ceiling50 - 8) then posceiling50 = 1 else posceiling50 = 0 endif //graph posceiling100 as "posceiling100" //graph posceiling50 as "posceiling50" //--------------------------------------------------------------- //********************* // Conditions to go long IF NOT LongOnMarket and (posfloor100 or posfloor50 or posceiling100 or posceiling50) and RSIdown THEN BUY positionsize CONTRACTS AT MARKET set stop pLoss lossNb //set target pProfit profitNb ENDIF // Conditions to close a long position //If LongOnMarket AND (tradeprice - low >= 30) THEN //SELL AT MARKET //if RSIdown then //sellshort positionsize contracts at market //set stop pLoss lossNb //endif //ENDIF // Conditions to go short IF NOT ShortOnMarket and (posfloor100 or posfloor50 or posceiling100 or posceiling50) and RSIup THEN SELLSHORT positionsize CONTRACTS AT MARKET set stop pLoss lossNb //set target pProfit profitNb ENDIF // Conditions pour fermer une position en vente à découvert IF ShortOnMarket AND VosConditions THEN EXITSHORT AT MARKET ENDIF //--------------------------------------------------------------- //****************************** //Break even breakevenMargin = 30 PointsToKeep = 4 startBreakeven = breakevenMargin once breakeven = 1 // 1: on | 0: off //reset the breakevenLevel when no trade are on market if breakeven>0 then IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF // --- end of BUY SIDE --- IF SHORTONMARKET AND tradeprice(1)-close>startBreakeven THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP ENDIF endif graph breakevenLevel as "breakevenLevel" //--------------------------------------------------------- //*********************** // trailing atr stop once trailingstoptype = 1 // trailing stop - 0 off, 1 on once tsincrements = .05 // set to 0 to ignore tsincrements once tsminatrdist = 5 once tsatrperiod = 14 // ts atr parameter once tsminstop = 12 // ts minimum stop distance once tssensitivity = 1 // [0]close;[1]high/low if trailingstoptype then if barindex=tradeindex then trailingstoplong = 3 // ts atr distance trailingstopshort = 3 // ts atr distance else if longonmarket then if tsnewsl>0 then if trailingstoplong>tsminatrdist then if tsnewsl>tsnewsl[1] then trailingstoplong=trailingstoplong else trailingstoplong=trailingstoplong-tsincrements endif else trailingstoplong=tsminatrdist endif endif endif if shortonmarket then if tsnewsl>0 then if trailingstopshort>tsminatrdist then if tsnewsl<tsnewsl[1] then trailingstopshort=trailingstopshort else trailingstopshort=trailingstopshort-tsincrements endif else trailingstopshort=tsminatrdist endif endif endif endif tsatr=averagetruerange[tsatrperiod]((close/10))/1000 //tsatr=averagetruerange[tsatrperiod]((close/1)) // (forex) tgl=round(tsatr*trailingstoplong) tgs=round(tsatr*trailingstopshort) if not onmarket or ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then tsmaxprice=0 tsminprice=close tsnewsl=0 endif if tssensitivity then tssensitivitylong=high tssensitivityshort=low else tssensitivitylong=close tssensitivityshort=close endif if longonmarket then tsmaxprice=max(tsmaxprice,tssensitivitylong) if tsmaxprice-tradeprice(1)>=tgl*pointsize then if tsmaxprice-tradeprice(1)>=tsminstop then tsnewsl=tsmaxprice-tgl*pointsize else tsnewsl=tsmaxprice-tsminstop*pointsize endif endif endif if shortonmarket then tsminprice=min(tsminprice,tssensitivityshort) if tradeprice(1)-tsminprice>=tgs*pointsize then if tradeprice(1)-tsminprice>=tsminstop then tsnewsl=tsminprice+tgs*pointsize else tsnewsl=tsminprice+tsminstop*pointsize endif endif endif if longonmarket then if tsnewsl>0 then sell at tsnewsl stop endif if tsnewsl>0 then if low crosses under tsnewsl then sell at market // when stop is rejected endif endif endif if shortonmarket then if tsnewsl>0 then exitshort at tsnewsl stop endif if tsnewsl>0 then if high crosses over tsnewsl then exitshort at market // when stop is rejected endif endif endif endif if onmarket then if dayofweek=0 and (hour=0 and minute>=57) and abs(dopen(0)-dclose(1))>50 and positionperf(0)>0 then if shortonmarket and close>dopen(0) then exitshort at market endif if longonmarket and close<dopen(0) then sell at market endif endif endif //-------------------------------------------------------------

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  // RSI Powerbomb - DJ 1 min ? - Julian TradingCafe   DEFPARAM CumulateOrders = false   //***************************** //Variables myATR = averagetruerange[14]     if myATR > 30 then lossNb = myATR // lossNb = distance to set stopLoss else lossNb = 30 endif //profitNb = 30     //Money Management MM = 0 // = 0 for optimization if MM = 0 then positionsize = 1 endif   MyRSI = RSI[50] if MyRSI >= 69 then RSIup = 1 elsif MyRSI =< 31 then RSIdown = 1 else RSIup = 0 RSIdown = 0 endif //graph RSIdown as "RSIdown" //graph RSIup as "RSIup"     VosConditions = RSIup and RSIdown // Condition nulle if RSIup and RSIdown and VosConditions then endif //-------------------------------------------------------------     //************************ // Round numbers : 50s and 100S   floor100 = (round(close/100-0.51))*100 ceiling100 = (round(close/100+0.51))*100   //graph floor100 as "floor100" //graph ceiling100 as "ceiling100"   floor50 = (round(close/50-0.51))*50 ceiling50 = (round(close/50+0.51))*50   //graph floor50 as "floor50" //graph ceiling50 as "ceiling50"   //------------------------------------------------------------------------     //************************** // Conditions : closing candle within the range of a round number   // floor 100s : 85 <-> 115 if (close > floor100 - 15) and (close < floor100 + 15) then posfloor100 = 1 else posfloor100 = 0 endif   // floor 50s : 42 <-> 58 if (close > floor50 - 8) and (close < floor50 + 8) then posfloor50 = 1 else posfloor50 = 0 endif   //graph posfloor100 as "posfloor100" //graph posfloor50 as "posfloor50"     // ceiling 100s : 85 <-> 115 if (close < ceiling100 + 15) and (close > ceiling100 - 15) then posceiling100 = 1 else posceiling100 = 0 endif   // ceiling 50s : 42 <-> 58 if (close < ceiling50 + 8) and (close > ceiling50 - 8) then posceiling50 = 1 else posceiling50 = 0 endif   //graph posceiling100 as "posceiling100" //graph posceiling50 as "posceiling50"   //---------------------------------------------------------------     //********************* // Conditions to go long IF NOT LongOnMarket and (posfloor100 or posfloor50 or posceiling100 or posceiling50) and RSIdown THEN BUY positionsize CONTRACTS AT MARKET set stop pLoss lossNb //set target pProfit profitNb ENDIF   // Conditions to close a long position //If LongOnMarket AND (tradeprice - low >= 30) THEN //SELL AT MARKET //if RSIdown then //sellshort positionsize contracts at market //set stop pLoss lossNb //endif //ENDIF     // Conditions to go short IF NOT ShortOnMarket and (posfloor100 or posfloor50 or posceiling100 or posceiling50) and RSIup THEN SELLSHORT positionsize CONTRACTS AT MARKET set stop pLoss lossNb //set target pProfit profitNb ENDIF   // Conditions pour fermer une position en vente à découvert IF ShortOnMarket AND VosConditions THEN EXITSHORT AT MARKET ENDIF   //---------------------------------------------------------------     //****************************** //Break even breakevenMargin = 30 PointsToKeep = 4 startBreakeven = breakevenMargin   once breakeven = 1 // 1: on | 0: off   //reset the breakevenLevel when no trade are on market if breakeven>0 then IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF // --- end of BUY SIDE --- IF SHORTONMARKET AND tradeprice(1)-close>startBreakeven THEN   //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP ENDIF endif   graph breakevenLevel as "breakevenLevel" //---------------------------------------------------------     //*********************** // trailing atr stop once trailingstoptype     = 1    // trailing stop - 0 off, 1 on   once tsincrements = .05         // set to 0 to ignore tsincrements once tsminatrdist = 5   once tsatrperiod    = 14         // ts atr parameter once tsminstop      = 12         // ts minimum stop distance   once tssensitivity        = 1    // [0]close;[1]high/low   if trailingstoptype then if barindex=tradeindex then trailingstoplong     = 3   // ts atr distance trailingstopshort    = 3 // ts atr distance else if longonmarket then if tsnewsl>0 then if trailingstoplong>tsminatrdist then if tsnewsl>tsnewsl[1] then trailingstoplong=trailingstoplong else trailingstoplong=trailingstoplong-tsincrements endif else trailingstoplong=tsminatrdist endif endif endif if shortonmarket then if tsnewsl>0 then if trailingstopshort>tsminatrdist then if tsnewsl<tsnewsl[1] then trailingstopshort=trailingstopshort else trailingstopshort=trailingstopshort-tsincrements endif else trailingstopshort=tsminatrdist endif endif endif endif tsatr=averagetruerange[tsatrperiod]((close/10))/1000 //tsatr=averagetruerange[tsatrperiod]((close/1)) // (forex) tgl=round(tsatr*trailingstoplong) tgs=round(tsatr*trailingstopshort) if not onmarket or ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then tsmaxprice=0 tsminprice=close tsnewsl=0 endif if tssensitivity then tssensitivitylong=high tssensitivityshort=low else tssensitivitylong=close tssensitivityshort=close endif if longonmarket then tsmaxprice=max(tsmaxprice,tssensitivitylong) if tsmaxprice-tradeprice(1)>=tgl*pointsize then if tsmaxprice-tradeprice(1)>=tsminstop then tsnewsl=tsmaxprice-tgl*pointsize else tsnewsl=tsmaxprice-tsminstop*pointsize endif endif endif if shortonmarket then tsminprice=min(tsminprice,tssensitivityshort) if tradeprice(1)-tsminprice>=tgs*pointsize then if tradeprice(1)-tsminprice>=tsminstop then tsnewsl=tsminprice+tgs*pointsize else tsnewsl=tsminprice+tsminstop*pointsize endif endif endif if longonmarket then if tsnewsl>0 then sell at tsnewsl stop endif if tsnewsl>0 then if low crosses under tsnewsl then sell at market // when stop is rejected endif endif endif if shortonmarket then if tsnewsl>0 then exitshort at tsnewsl stop endif if tsnewsl>0 then if high crosses over tsnewsl then exitshort at market // when stop is rejected endif endif endif endif   if onmarket then if dayofweek=0 and (hour=0 and minute>=57) and abs(dopen(0)-dclose(1))>50 and positionperf(0)>0 then if shortonmarket and close>dopen(0) then exitshort at market endif if longonmarket and close<dopen(0) then sell at market endif endif endif //-------------------------------------------------------------

  Any ideas ?

  BobOgden

  

  BobOgden

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  11/07/2020 at 11:49 AM #149759
  Fran55

  Please… Interest.

  

  Fran55

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  11/07/2020 at 2:30 PM #149776
  Fran55

  And this???

   

  This is simply Code!!!

  

  Fran55

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  11/07/2020 at 7:00 PM #149792
  BobOgden

  Hey @Fran55, I’m afraid I don’t understand what you mean…

  

  BobOgden

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  Been thanked: 12 times
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