Risk Management code + ATR stop loss and ATR take limit

• 09/21/2018 at 7:38 PM #81037
  razalgo

  Hi

  Require some help in adjusting the code below to reflect the following

  1. Risk management (risk 10% of captial) based upon ATR as below
  2. Stop loss 1* ATR
  3. profit take 5* ATR if the exit conditions are not met

  my first algo

  / Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter long positions indicator1 = Average[90](close) c1 = (close[1] > indicator1[1]) indicator2 = MACDline[12,26,9](close) indicator3 = ExponentialAverage[9](indicator2) c2 = (indicator2[1] CROSSES OVER indicator3[1]) IF c1 AND c2 THEN BUY 100 PERPOINT AT MARKET ENDIF // Conditions to exit long positions indicator4 = MACDline[12,26,9](close) indicator5 = ExponentialAverage[9](indicator4) c3 = (indicator4[1] CROSSES UNDER indicator5[1]) IF c3 THEN SELL AT MARKET ENDIF // Conditions to enter short positions indicator6 = Average[90](close) c4 = (close[1] < indicator6[1]) indicator7 = MACDline[12,26,9](close) indicator8 = ExponentialAverage[9](indicator7) c5 = (indicator7[1] CROSSES UNDER indicator8[1]) IF c4 AND c5 THEN SELLSHORT 100 PERPOINT AT MARKET ENDIF // Conditions to exit short positions indicator9 = MACDline[12,26,9](close) indicator10 = ExponentialAverage[9](indicator9) c6 = (indicator9[1] CROSSES OVER indicator10[1]) IF c6 THEN EXITSHORT AT MARKET ENDIF // Stops and targets SET STOP pLOSS 50 SET TARGET pPROFIT 200

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46

  / Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Conditions to enter long positions indicator1 = Average[90](close) c1 = (close[1] > indicator1[1]) indicator2 = MACDline[12,26,9](close) indicator3 = ExponentialAverage[9](indicator2) c2 = (indicator2[1] CROSSES OVER indicator3[1])   IF c1 AND c2 THEN BUY 100 PERPOINT AT MARKET ENDIF   // Conditions to exit long positions indicator4 = MACDline[12,26,9](close) indicator5 = ExponentialAverage[9](indicator4) c3 = (indicator4[1] CROSSES UNDER indicator5[1])   IF c3 THEN SELL AT MARKET ENDIF   // Conditions to enter short positions indicator6 = Average[90](close) c4 = (close[1] < indicator6[1]) indicator7 = MACDline[12,26,9](close) indicator8 = ExponentialAverage[9](indicator7) c5 = (indicator7[1] CROSSES UNDER indicator8[1])   IF c4 AND c5 THEN SELLSHORT 100 PERPOINT AT MARKET ENDIF   // Conditions to exit short positions indicator9 = MACDline[12,26,9](close) indicator10 = ExponentialAverage[9](indicator9) c6 = (indicator9[1] CROSSES OVER indicator10[1])   IF c6 THEN EXITSHORT AT MARKET ENDIF   // Stops and targets SET STOP pLOSS 50 SET TARGET pPROFIT 200

   

  

  razalgo

  Participant

  Topics: 2

  Replies: 2

  Been thanked: 0 times
  09/21/2018 at 7:54 PM #81038
  Vonasi

  Topic moved to ProOrder forum as it is a ProOrder coding question rather than a General Discussion subject.

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1810 times
• Author
  Posts