Sell at market when X%-profit

Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • 10/28/2022 at 12:45 PM #203146 quote
    SnorreDK
    Participant
    Junior

    Is this possible within a candle. Dont wait untill candleclose

    if X% in profit and Bear1 then
sell at market
Endif

    This code is not what i need, though it waitns untill candleclose:

    if longonmarket and bear1 and (close > positionprice * 1.01) then
SELL AT MARKET
endif
    10/28/2022 at 1:47 PM #203150 quote
    JS
    Participant
    Senior

    If LongOnMarket and Bear1 and Close > PositionPrice * 1.01 then
    Sell at (PositionPrice * 1.01) Stop
    EndIf

    10/28/2022 at 1:49 PM #203151 quote
    SnorreDK
    Participant
    Junior

    Thanks JS, but does this mean I have to wait for the candleclose?

    10/28/2022 at 1:56 PM #203152 quote
    JS
    Participant
    Senior

    No, you don’t have to wait because it’s a STOP order…

    10/29/2022 at 4:10 PM #203194 quote
    SnorreDK
    Participant
    Junior
    If I do understand You correct then A=1 and A=2 would give the same result but it does not. 
    if A=1 then
posProfit = (((close - positionprice) * pointvalue) * countofposition) / pipsize
IF LONGONMARKET AND (posProfit > 0) and Bear1 THEN
SELL AT MARKET
ENDIF
endif
if A=2 then
IF LONGONMARKET AND Bear1 THEN
SELL at (positionprice*1) stop
ENDIF
endif
    10/29/2022 at 4:39 PM #203195 quote
    JS
    Participant
    Senior

    Hi @SnorreDK

    You can’t compare them because a “Market” order always gives a different result than a “Stop” order…

    If A=2 then

    IF LONGONMARKET AND Bear1 and Close > (PostionPrice * 1.01) THEN

    SELL at (PositionPrice * 1.01) stop

    EndIf

    EndIf
  • Author
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Viewing 6 posts - 1 through 6 (of 6 total)
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Sell at market when X%-profit


ProOrder: Automated Strategies & Backtesting

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SnorreDK @snorredk Participant
Summary

This topic contains 5 replies,
has 2 voices, and was last updated by JS
3 years, 3 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 10/28/2022
Status: Active
Attachments: No files
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