Opening only opposite direction after taking profit

Francesco · 2020-07-16T18:31:11+00:00

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.

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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

Legend
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

Legend

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
6 years, 2 months ago.

Topic Details

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