Opening only opposite direction after taking profit

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  • 07/16/2020 at 7:31 PM #139445 quote
    Francesco
    Participant
    Veteran

    Hi guys, i would like to know how it’s possible to open positions only in the opposite direction after a profit target.

    For example, i am long on market and the position close after hitting an x profit target. I want that the next position opened is only a short one excluding every long signal.

    How can i do this? Thanks.

    07/16/2020 at 8:22 PM #139446 quote
    robertogozzi
    Moderator
    Master

    Try this one:

    Defparam CumulateOrders = false
Once TradeLong  = 1
Once TradeShort = 1
If StrategyProfit > StrategyProfit[1] Then
   If LongOnMarket[1] Then
      TradeLong  = 0
      TradeShort = 1
   Else
      TradeLong  = 1
      TradeShort = 0
   Endif
Endif
If MyLongConditions and Not OnMarket and TradeLong Then
   BUY ....
Endif
If MyShortConditions and Not OnMarket and TradeShort Then
   SELLSHORT ....
Endif
    Francesco thanked this post
    07/16/2020 at 11:50 PM #139461 quote
    Francesco
    Participant
    Veteran

    It works but refers to the strategyprofit, so it doesn’t open more then 1 position per day.

    I want it to react to the reaching of the target profit level.

    Is that possible?

    07/17/2020 at 12:06 AM #139462 quote
    robertogozzi
    Moderator
    Master

    STRATEGYPROFIT has nothing to do with days, it is updated as soon as any trade closes, if 10 trades a day close, then 10 times a day it is updated.

    07/17/2020 at 12:33 AM #139464 quote
    Francesco
    Participant
    Veteran

    I managed to fix by editing these lines

    If LongOnMarket Then
set target %profit 0.3
TradeLong  = 0
TradeShort = 1
Endif

If ShortOnMarket Then
set target %profit 0.3
TradeLong  = 1
TradeShort = 0
Endif

    in order to have it also for both directions

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Opening only opposite direction after taking profit


ProOrder: Automated Strategies & Backtesting

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Francesco @francesco_petrone Participant
Summary

This topic contains 4 replies,
has 2 voices, and was last updated by Francesco
5 years, 7 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 07/16/2020
Status: Active
Attachments: No files
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