Resting Limit Orders: sell/buy at touch of MA

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  • 03/29/2020 at 7:02 AM #123772 quote
    BamBamTrades
    Participant
    New

    Hi Guys,

    Looking for some coding help…. I’m interested in developing a code which:

    • Can be switched on / off for a chosen market
    • Once on, creates a limit order fixed to a moving average, limit to sell/buy at touch of MA +/- 1 tick/point.
    • Limit order to auto calculate trade size based on following factors: Account balance, risk %, 1 ATR ie:
      • Account balance eg 10,000
      • Risk 1% account balance ie 100
      • 1 ATR of market eg 580 points
      • Trade size = $10,000 * 1% = $100 / 580 points = 0.17 lots
    • Limit order will run until switched off, ie each day will recalculate the resting limit order based on today’s account balance, MA value and ATR value

    Is this possible in the ProRealtime autotrade environment?

    M

    09/24/2020 at 5:07 PM #145259 quote
    robertogozzi
    Moderator
    Master

    There you go (for the Daily TF):

    DEFPARAM CumulateOrders = false
TradeON = 1                           //1=on,  0=off
MinLotti= 0.5                         //0.5 Minimun lot size
Capital = 10000
Balance = Capital + StrategyProfit
Risk    = 1                           //1%  risk
Offset  = 1 * pipsize
Entry   = average[30,0](close)
EntryL  = Entry + Offset
EntryS  = Entry - Offset
MyATR   = AverageTrueRange[14](close)
LotSize = max(MinLotti,(Balance * Risk / 100) / MyATR)
IF OnMarket THEN
   Entry  = 0
   EntryL = 0
   EntryS = 0
ENDIF
IF Not OnMarket AND TradeON THEN
   IF close > EntryL THEN
      BUY       LotSize CONTRACTS AT EntryL LIMIT
   ELSE
      BUY       LotSize CONTRACTS AT EntryL STOP
   ENDIF
   IF close > EntryS THEN
      SELLSHORT LotSize CONTRACTS AT EntryS STOP
   ELSE
      SELLSHORT LotSize CONTRACTS AT EntryS LIMIT
   ENDIF
ENDIF
SET TARGET pPROFIT 300
SET STOP   pLOSS   100
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Resting Limit Orders: sell/buy at touch of MA


ProOrder: Automated Strategies & Backtesting

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BamBamTrades @bambamtrades Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
5 years, 5 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 03/29/2020
Status: Active
Attachments: No files
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