replacing TP with partial close

• 03/06/2022 at 8:56 PM #189457
  nonetheless

  So I’m thinking of a way to use a 3 stage partial close instead of a single profit target. This is what I have in mind:

  1. Run the TARGET %PROFIT as usual, let’s say it returns a value of 2.5
  2. Disable TP
  3. From an initial position size of 10, use partial close to sell 3 contracts at 2%, 5 at 2.5% and 2 at 2.7 % (or something like that)

   

  This is the code I had intended to use:

  //partialclose ONCE partialclose = 1 ONCE PerCent = pc //0.3 = 30% positions to close ONCE PerCent2 = pc2 //0.5 = 50% positions to close ONCE PerCent3 = pc3 //0.2 = 20% positions to close ONCE PerCentGain = pcg //.02 = 2% increase ONCE PerCentGain2 = pcg2 //.025 = 2.5% increase ONCE PerCentGain3 = pcg3 //.027 = 2.7% increase ONCE MinLotSize = 0.5 //0.5 lots minimum ExitQuantity = abs(CountOfPosition) * PerCent LeftQty = max(MinLotSize,abs(CountOfPosition) - ExitQuantity) CloseQuantity = abs(CountOfPosition) - LeftQty ExitQuantity2 = abs(CountOfPosition) * PerCent2 LeftQty2 = max(MinLotSize,abs(CountOfPosition) - ExitQuantity2) CloseQuantity2 = abs(CountOfPosition) - LeftQty2 ExitQuantity3 = abs(CountOfPosition) * PerCent3 LeftQty3 = max(MinLotSize,abs(CountOfPosition) - ExitQuantity3) CloseQuantity3 = abs(CountOfPosition) - LeftQty3 IF Not OnMarket THEN Flag = 1 Flag2 = 1 Flag3 = 1 ENDIF IF partialclose AND LongOnMarket and close >= (PositionPrice * (1 + PerCentGain)) AND Flag THEN SELL CloseQuantity Contracts AT Market Flag = 0 endif IF partialclose AND LongOnMarket and close >= (PositionPrice * (1 + PerCentGain2)) AND Flag2 THEN sell CloseQuantity2 Contracts AT Market Flag2 = 0 endif IF partialclose AND LongOnMarket and close >= (PositionPrice * (1 + PerCentGain3)) AND Flag3 THEN sell CloseQuantity3 Contracts AT Market Flag3 = 0 endif

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  //partialclose ONCE partialclose = 1   ONCE PerCent     = pc              //0.3 = 30%  positions to close ONCE PerCent2     = pc2              //0.5 = 50%  positions to close ONCE PerCent3   = pc3                  //0.2 = 20% positions to close   ONCE PerCentGain = pcg            //.02 = 2%  increase ONCE PerCentGain2 = pcg2            //.025 = 2.5%  increase ONCE PerCentGain3 = pcg3            //.027 = 2.7% increase   ONCE MinLotSize  = 0.5              //0.5  lots minimum   ExitQuantity     = abs(CountOfPosition) * PerCent LeftQty          = max(MinLotSize,abs(CountOfPosition) - ExitQuantity) CloseQuantity    = abs(CountOfPosition) - LeftQty ExitQuantity2     = abs(CountOfPosition) * PerCent2 LeftQty2          = max(MinLotSize,abs(CountOfPosition) - ExitQuantity2) CloseQuantity2    = abs(CountOfPosition) - LeftQty2   ExitQuantity3 = abs(CountOfPosition) * PerCent3 LeftQty3 = max(MinLotSize,abs(CountOfPosition) - ExitQuantity3) CloseQuantity3 = abs(CountOfPosition) - LeftQty3 IF Not OnMarket THEN Flag = 1 Flag2 = 1 Flag3 = 1 ENDIF IF partialclose AND LongOnMarket and close >= (PositionPrice * (1 + PerCentGain))  AND Flag THEN SELL CloseQuantity Contracts AT Market Flag = 0 endif IF partialclose AND LongOnMarket and  close >= (PositionPrice * (1 + PerCentGain2)) AND Flag2 THEN sell CloseQuantity2 Contracts AT Market Flag2 = 0 endif     IF partialclose AND LongOnMarket and close >= (PositionPrice * (1 + PerCentGain3)) AND Flag3 THEN sell CloseQuantity3 Contracts AT Market Flag3 = 0 endif

   

  This is a variation of a code I have used in the past but it doesn’t work in the way I want it to; optimization of the variables shows no change.

  I realise there’s a problem using abs(CountOfPosition) as it’s not going to give me the original intended disposals of 3, 5, 2 as the CountOfPosition will change with each sale.

  But presumably there is some bigger problem here as well that I don’t get? Or maybe a better method entirely?

  Most grateful for any help 🤔🤔🤔

   

  

  nonetheless

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  03/07/2022 at 2:09 AM #189459
  PeterSt

  Can’t you describe what your issue is (apart from it not doing what you want it to) ?
  I am not saying that I will have the solution, but I do know that I attempted similar which did not work out (the reason of why could help you).

  The main culprit will be the feature set of PRT which does not support this really.

  You are not saying it, but I would agree with that this comes down to “an approach”; Some stupid theoretical thinking which could help. … I really attempted many of those and only after implementation (a lot of work) I could reason why the idea s*cked in the first place.

  

  PeterSt

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  03/07/2022 at 10:20 AM #189472
  Nicolas

  Try to graph the condition:

  GRAPH partialclose AND LongOnMarket and close >= (PositionPrice * (1 + PerCentGain)) AND Flag

  1	GRAPH partialclose AND LongOnMarket and close >= (PositionPrice * (1 + PerCentGain))  AND Flag

  to know when it happens and if the partial closure is working correctly on the same candle.

   

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  nonetheless

  

  Nicolas

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  03/07/2022 at 10:45 AM #189479
  nonetheless

  Thanks Peter, I dont really have an issue as such, just an intuition that there ‘might’ be an advantage to treating profit target as a general area where it’s a good idea to start getting out … as opposed to a single price.

  Maybe there’s no advantage at all, maybe it just averages out to the same result. But obviously most trades do not reach the target. Some will almost get there, then fall back all the way to the trail.

  I’m hoping that this method might catch a bit more of the MFE

  Then, maybe the inverse could be used in place of SL ??  gradually easing out of a position, instead of focussing your exit on one spot.

  It’s just an idea I’d like to test, but the code is not cooperating and I don’t see why  ???

  

  nonetheless

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  03/07/2022 at 12:30 PM #189503
  nonetheless

  mystery solved – aint nuthin wrong with the code, only my tired brain had a decimal in the wrong place (*groan*)

  but just for the record, initial tests look as if it can actually yield a better result – worth exploring further…

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  Midlanddave

  

  nonetheless

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  06/04/2022 at 8:40 PM #194648
  livefully56

  This hybrid form of exit seems to yield better results

  Can you help with code on how do I use the same concept to exit :

  50% with 1:1 RRR

  25% with 1:2 RRR

  and the rest 25% wit 1:3 RRR

  Thanks in advance

  

  livefully56

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  06/05/2022 at 4:30 AM #194657
  PeterSt

  https://www.prorealcode.com/topic/help-please-to-code-a-one-shot-trading-system/

  Notice that your 50, 25, 25 is the same as 50%, 50% of the remainder, plus the rest.

   

  

  PeterSt

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  06/05/2022 at 12:15 PM #194694
  robertogozzi

  Try this one (I made a few tests on DAX, 1h TF:

  /* 50% with 1:1 RRR 25% with 1:2 RRR and the rest 25% wit 1:3 RRR */ ONCE SL = 200 * PipSize ONCE LotSize = 4 ONCE TP1size = LotSize / 2 ONCE TP2size = TP1size / 2 Sma200 = average[200,0](close) MyLongConditions = close CROSSES OVER Sma200 AND Not OnMarket IF MyLongConditions THEN BUY LotSize Contracts at Market TP1 = close + SL //1:1 RRR TP2 = close + SL*2 //1:2 RRR TP3 = close + SL*3 //1:3 RRR SET STOP LOSS SL Flag = 0 ENDIF IF LongOnMarket THEN IF close >= TP1 AND Flag = 0 THEN SELL TP1size Contracts at Market Flag = 1 ENDIF IF close >= TP2 AND Flag = 1 THEN SELL TP2size Contracts at Market Flag = 2 ENDIF IF close >= TP3 AND Flag = 2 THEN SELL TP2size Contracts at Market ENDIF ENDIF graphonprice TP1 coloured(255,0,0,255) //Red graphonprice TP2 coloured(0,128,0,155) //Green graphonprice TP3 coloured(0,0,255,255) //Blue

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  /* 50% with 1:1 RRR 25% with 1:2 RRR and the rest 25% wit 1:3 RRR */   ONCE SL      = 200 * PipSize ONCE LotSize = 4 ONCE TP1size = LotSize / 2 ONCE TP2size = TP1size / 2   Sma200       = average[200,0](close) MyLongConditions = close CROSSES OVER Sma200 AND Not OnMarket IF MyLongConditions THEN    BUY LotSize Contracts at Market    TP1 = close + SL      //1:1 RRR    TP2 = close + SL*2    //1:2 RRR    TP3 = close + SL*3    //1:3 RRR    SET STOP   LOSS   SL    Flag = 0 ENDIF   IF LongOnMarket THEN    IF close >= TP1 AND Flag = 0 THEN       SELL TP1size Contracts at Market       Flag = 1    ENDIF    IF close >= TP2 AND Flag = 1 THEN       SELL TP2size Contracts at Market       Flag = 2    ENDIF    IF close >= TP3 AND Flag = 2 THEN       SELL TP2size Contracts at Market    ENDIF ENDIF graphonprice TP1 coloured(255,0,0,255)  //Red graphonprice TP2 coloured(0,128,0,155)  //Green graphonprice TP3 coloured(0,0,255,255)  //Blue

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  ZeroCafeine, nonetheless, livefully56

  

  robertogozzi

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