Prevent netting of positions

• 08/14/2020 at 1:06 AM #141554
  AugustusKing

  Hello all, hope that you’re well.

  I use the simplified creation ProOrder builder on PRT that I get with my IG Index account. I have a coded strategy that I’m happy with, BUT, only when the system doesn’t close your positions early if there’s a signal to take a position in the opposite direction.

  I’ve deactivated position netting on IG, but all this does is force open of multiple positions, which I have combated using:

  DEFPARAM CumulateOrders = False // Cumulating positions deactivated

  1	DEFPARAM CumulateOrders = False // Cumulating positions deactivated

  My question to the forum is simply, how do I prevent the strategy from closing my trade and taking the opposite direction if/when a new signal comes along? This strategy needs to give positions time to play out.

  Here’s the code as it stands:

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 100000 timeEnterBefore = time >= noEntryBeforeTime // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 200000 timeEnterAfter = time < noEntryAfterTime // Conditions to enter long positions indicator1 = ExponentialAverage[200](close) c1 = (close > indicator1) indicator2 = MACDline[12,26,9](close) indicator3 = ExponentialAverage[9](MACDline[12,26,9](close)) c2 = (indicator2 CROSSES OVER indicator3) indicator4 = MACDline[12,26,9](close) indicator5 = MACD[12,26,9](close) c3 = (indicator4 < indicator5) IF (c1 AND c2 AND c3) AND timeEnterBefore AND timeEnterAfter THEN BUY 1 PERPOINT AT MARKET ENDIF // Conditions to enter short positions indicator6 = ExponentialAverage[200](close) c4 = (close < indicator6) indicator7 = MACDline[12,26,9](close) indicator8 = ExponentialAverage[9](MACDline[12,26,9](close)) c5 = (indicator7 CROSSES UNDER indicator8) indicator9 = MACDline[12,26,9](close) indicator10 = MACD[12,26,9](close) c6 = (indicator9 > indicator10) IF (c4 AND c5 AND c6) AND timeEnterBefore AND timeEnterAfter THEN SELLSHORT 1 PERPOINT AT MARKET ENDIF // Stops and targets SET STOP pLOSS 30 SET TARGET pPROFIT 45

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 100000 timeEnterBefore = time >= noEntryBeforeTime   // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 200000 timeEnterAfter = time < noEntryAfterTime   // Conditions to enter long positions indicator1 = ExponentialAverage[200](close) c1 = (close > indicator1) indicator2 = MACDline[12,26,9](close) indicator3 = ExponentialAverage[9](MACDline[12,26,9](close)) c2 = (indicator2 CROSSES OVER indicator3) indicator4 = MACDline[12,26,9](close) indicator5 = MACD[12,26,9](close) c3 = (indicator4 < indicator5)   IF (c1 AND c2 AND c3) AND timeEnterBefore AND timeEnterAfter THEN BUY 1 PERPOINT AT MARKET ENDIF   // Conditions to enter short positions indicator6 = ExponentialAverage[200](close) c4 = (close < indicator6) indicator7 = MACDline[12,26,9](close) indicator8 = ExponentialAverage[9](MACDline[12,26,9](close)) c5 = (indicator7 CROSSES UNDER indicator8) indicator9 = MACDline[12,26,9](close) indicator10 = MACD[12,26,9](close) c6 = (indicator9 > indicator10)   IF (c4 AND c5 AND c6) AND timeEnterBefore AND timeEnterAfter THEN SELLSHORT 1 PERPOINT AT MARKET ENDIF   // Stops and targets SET STOP pLOSS 30 SET TARGET pPROFIT 45

  (I use it on GBP/USD on the 5 min time frame)

  I appreciate any help, thanks guys.

  Matt

  

  AugustusKing

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  08/14/2020 at 1:19 AM #141555
  robertogozzi

  At line 22 and line 36 add this before the final THEN:

  And Not OnMarket

  1	And Not OnMarket

   

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  AugustusKing

  

  robertogozzi

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  08/14/2020 at 1:27 AM #141556
  AugustusKing

  Roberto, as always, thank you for the rapid reply. That has worked!

  I love this community, I think it’s the best forum I’ve ever been a part of. I just wish that I were able to also be helpful to users haha. I need to go through doing all the courses properly.

  Thanks again!!

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  robertogozzi

  

  AugustusKing

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