Question about multiple entries stop/profit
- This topic has 10 replies, 4 voices, and was last updated 3 years ago by
.
-
Hi – All at the same time, based on your target and the average gain/loss of the accumulated positions.
But you can sell individual positions just the same (similar to how you buy them underway).1 user thanked author for this post.
Maybe my English was not clear enough : you can’t. You can only have one Set Stop Loss and/or Set Target Profit command active.
What I further tried to say was :
Supposed you bought 10, later another 2 and again later another 5 positions, then at some stage you can sell 8, later 5, later 1 and later the remainder (3 if I counted right). So you can exit at the prices/profits (or losses) you like. But you must yourself keep track of the current “gains” for the positions to sell. Thus if you want to get rid of those first 8, it is you yourself who has determined that selling those 8 will give you the profit of x you want.
The PositionPerf “constant” will play a crucial role here.Just play (backtest) a bit with it, and you will get the hang of it.
1 user thanked author for this post.
When partially closing a position the FIFO (First In, First Out) rule is applied.
1 user thanked author for this post.
instead I have to create independent exits, no related to the entries, and based in the PositionPerf. Is that rigtht?
That is right. But the calculation of what would be your profit hence what would be your target for exiting (read : your reason for exiting at a particular price) is really a challenge.
Like Roberto just said : it is based on FiFo which make my examples even too complicated (like buying 10 and selling 8, etc.). I think it would be best to work with percentages, because PRT can do that too and you can work out a scheme with that unrelated to prices. Still it would be cumbersome to do it.Point is – and focus should be at : when you sold a certain amount of position and you plan to sell more at x % of profit, what is actually accumulated in PositionPerf at the moment you observe it (in your program code) ?
I personally gave up on that – not because it can’t be done, but because it can’t be properly backtested. The results from a backtest show different than what Live does. Just watch for the 0-length bar trades in backtest and the equal profit for each of the “sub trades”, registered when the last position is exited. In reality (Live) it does not go like that and with that your profits are very different too.1 user thanked author for this post.
Hi, i’ve tried to sort this out myself based on setting up different trailing, so this is what i am doping (not sure if works?).
My reasoning is it takes TradePrice[1] to be the last trade price, if open or closed, so if a 2nd trade was opened then the first trade is TradePrice[2] if no closes occurred. But if say 1 position close did occur, then the open price of the first trade is then TradePrice[3] etc… thats why i have put in place the flags that keep track and reset when condition isnt so to null/stop one trailing and start the next.
Note i only ever open up to 2nd accumulative, and don’t reopen any until the entire position is closed. As such for the last (aka after one trade was closed, and thus one only open) then i can use positionprice as it would be taking the price of the remaining trade and thus trailing would be correctly following that still. Also if you want to say reopen a 2nd, etc.. after it was closed, then you could reset the flags after a position closed, aka if back to 1 then flag reset, then trailing restarts to the first (use positionprice), and then when 2nd trade reopened then that would be the last TradePrice[1] again.
If you want to do 3 or 4 or more accumulative, then you just keep repeating with more flags and more settings on more positions following the same approach (many lines and time consuming though).
This is my reasoning, i am using this myself, ? unsure if as such it is working as suggested, but it does close positions and often has 2 stop-lose orders in place on my IG account when i look which appear to match my conditions. I also do use this same reasoning with “Breakevens”, and i also do see them correctly placed at positions with each subsequent trade when i check my account. I have had some issues in past where it appeared my phone was notifying me non stop of changes to the stop-lose orders: as appeared close one bar it read one and then read the other, some bug loop occurring, but i think i have sorted those out after i added in the CountOfPositions and Flags ?
Let me know thoughts ?
123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133134135136137138139140//** Setup different trailing stop-loses and profits for accumulated positions, from 2nd +...buyCond = a // a= whatever your buy conditions are// --- Flag ---// Setup a flag for when 2nd position open and reset when no position on market:if not onmarket thenflagA = 1ENDIF//--- BUY EXECUTION ---IF not longonmarket AND buyCond THENBUY 1 CONTRACT AT MARKETelsif longonmarket and flagA =1 AND buyCond THENBUY 1 CONTRACT AT MARKETflagA = 0 // reset the first flag to 0, to inform a 2nd position has been opened; use as many flags as you like for how many accumulated positions you have opened > use these below// ..... Continue with FlagB etc.. based on 3rd, 4th etc accumulated positions open//--- TRAILING PROFIT & STOPLOSES ---// First trailing for when only 1 trade opentrailingstart = tradeprice(1)*(1/100)trailingstep = tradeprice(1)*(0.5/100)//reset the stop-loss value when no trades open, OR a second trade was opened then resets/nulls thisIF NOT ONMARKET OR (FlagA = 0) THENnewSL=0ENDIFIF LONGONMARKET AND flagA = 1 THENIF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THENnewSL = tradeprice(1)+trailingstep*pipsizeENDIFIF newSL>0 AND close-newSL>=trailingstep*pipsize THENnewSL = newSL+trailingstep*pipsizeENDIFENDIFIF newSL>0 THENSELL AT newSL STOPENDIF//After a second trade open then need to keep the first trailing stop function// using the flag and tradeprice[2] as price of 2 trades backtrailingstart2 = tradeprice[2]*(1/100)trailingstep2 = tradeprice[2]*(0.5/100)//reset the value for if no trade or only trade on market:IF NOT ONMARKET OR flagA = 1 THENnewSL2=0ENDIFIF LONGONMARKET AND flagA = 0 AND (abs(COUNTOFPOSITION) = 2) THEN //IF newSL2=0 AND close-tradeprice[2]>=trailingstart2*pipsize THENnewSL2 = tradeprice[2]+trailingstep2*pipsizeENDIFIF newSL2>0 AND close-newSL2>=trailingstep2*pipsize THENnewSL2 = newSL2+trailingstep2*pipsizeENDIFENDIFIF newSL2>0 THENSELL AT newSL2 STOPENDIF// -- The Second Open Trade (When Accumulated Trades) trailing to follow, use flagtrailingstart3 = positionprice*(1/100)trailingstep3 = positionprice*(0.5/100)//reset the value if not on market, or if only one trade open, then nulls this function.IF NOT ONMARKET OR flagA = 1 OR AND (abs(COUNTOFPOSITION) < 2) THENnewSL3=0ENDIFIF LONGONMARKET AND flagA = 0 AND (abs(COUNTOFPOSITION) = 2) THEN // If flag to 0 > a second trade opened, then start thisIF newSL3=0 and close-tradeprice[1]>=trailingstart3*pipsize THEN //trade price [1] as the last trade open was this 2nd trade!newSL3 = tradeprice[1]+trailingstep3*pipsizeENDIFIF newSL3>0 and close-newSL3>=trailingstep3*pipsize THENnewSL3 = newSL3+trailingstep3*pipsizeENDIFENDIFIF newSL3>0 THENSELL AT newSL3 STOPENDIF// --- Add in the same for 3rd, 4th etc trades if your doing multiple accumulations here./// Do all the above works only if none of the prior (or subsequent) trades were closed (aka trade price of the close). So we need more functions below, to rest when this occurs// -- BELOW - TRAILING IF ONE OF THE TWO TRADES WAS CLOSED:trailingstart4 = positionprice*(1/100)trailingstep4 = positionprice*(0.5/100)// Use the Count of Position to inform this 2nd trade (2 positions) is still open, thus nulls this to 0, despite the flag informing 2nd trade opened:IF NOT ONMARKET OR flagA = 1 OR (abs(COUNTOFPOSITION) = 2) THENnewSL3=0ENDIF// Below 1. FlagA = 0 to inform that 2nd trade was opened, and then 2. CountOfPosition informs though that now less then 2 positions, so it was since closed:IF LONGONMARKET AND flagA = 0 AND (abs(COUNTOFPOSITION) < 2) THEN// flagA = 1 // Depending how many accumulated positions and your strategy, ? if you might want to open a 2nd trade again despite closing it, then you could rest the flag here, and use 'positionprice' in the first trailing instead of tradeprice. To reloop trailing back to start there!IF newSL4=0 and close-positionprice>=trailingstart4*pipsize THENnewSL4 = positionprice+trailingstep4*pipsizeENDIFIF newSL4>0 and close-newSL4>=trailingstep3*pipsize THENnewSL4 = newSL4+trailingstep4*pipsizeENDIFENDIFIF newSL4>0 THENSELL AT newSL4 STOPENDIF// you then consider redoing all the above on subsequent accumulative positions2 users thanked author for this post.
Let me know thoughts ?
Hey … I did not check the code contentually, but hats of already for the attempt.
I think you (at least theoretically) covered for the pitfalls around TradePrice. Looks good !Sorry was typing away with out checking above, a mistake at Line 81 and 82, should of been tradeprice[1] and not positionprice
Same for lines 111/112 I’d say.
If I were you, I would add nice graphing of everything, so in forward testing you could see in real time whether your trailing etc. works as intended (otherwise it will always remain guessing). Make all graph 100% exactly as it will happen in reality (check with Live (could be Demo-Live)). Never think that can’t be done, because I can do it too (99% live-resemblance). Below is a teaser. 2nd is a zoom, showing that the horizontal line exactly matches the exit which later happens (that line exists in advance). Notice that this line trails (upwards for this Long), hence *is* the trailing. See the pink little triangle. Compare with the red triangle which is reality and which only tells that the filling happened at a slightly different price in forward-backtest than in Live.
Man, would I be your teacher then I would be proud of what you achieved (and that you even dared starting it). 🙂
1 user thanked author for this post.
Find exclusive trading pro-tools on 
