Strategy Profit not working in realtime

• 06/07/2022 at 10:05 AM #194829
  Amin1233

  Hi I have the code below to stop opening new positions when one of the positions in the day closed with loss more than 200 or profit more than 350.

  It works perfectly in the proback test but when I execute it in IG in real market it still open position even after the loss happens. I am not sure what I am missing here?

   

  Please note the code works when I am in positive and will not open new position after hitting 350. Could it be because of negative number in the strategy profit somehow mess up the formula?

  This is my code:

   

  If time=100000 then

  MyProfit=STRATEGYPROFIT[0]

  endif

  if time>100000 and time <150000 and countoflongshares<90 and range[1]<14 and countofshortshares<90 and Strategyprofit[0]>MyProfit-200 and Strategyprofit[0]<MyProfit+350

   

  then  ……..

   

  

  Amin1233

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  06/07/2022 at 10:11 AM #194830
  Amin1233

  I am starting my code with : once myprofit=0 at the begining, could this be the reason?

  

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  06/07/2022 at 10:13 AM #194831
  robertogozzi

  You have to use a variable as a signal that you don’t want to trade any longer that day (I will use TradeOK, setting to 1 at the beginning of each day), as soon as your strategy detects a loss of X, it will set TradedOK to 0. Your strategy will have to use TradeOK to tell whether trading or not:

  ONCE TradeOK = 1 ONCE MyLimit = 200 IF InstraDayBarIndex = 0 THEN TradeOK = 1 ENDIF IF (StrategyProfit[1] - StrategyProfit) >= MyLimit THEN TradeOK = 0 ENDIF IF MyLongConditions AND TradeOK THEN BUY AT MARKET ENDIF

  1 2 3 4 5 6 7 8 9 10 11

  ONCE TradeOK = 1 ONCE MyLimit = 200 IF InstraDayBarIndex = 0 THEN    TradeOK = 1 ENDIF IF (StrategyProfit[1] - StrategyProfit) >= MyLimit THEN    TradeOK = 0 ENDIF IF MyLongConditions AND TradeOK THEN    BUY AT MARKET ENDIF

  

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  06/07/2022 at 10:39 AM #194835
  Amin1233

  thanks, so why my code worked in the probacktest but not in reallife?

  

  Amin1233

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  06/07/2022 at 10:53 AM #194838
  robertogozzi

  I have no idea without testing the complete code used.

   

  

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  06/07/2022 at 11:00 AM #194840
  Amin1233

  since I want to look at the whole day performance , should I change your code to the below to not only check with the last bar but for the whole day from morning:

   

  ONCE TradeOK = 1
  ONCE MyLimit = 200
  IF time = 100000 THEN
  TradeOK = 1
  Myprofit=strategyprofit
  ENDIF
  IF (Myprofit- strategyprofit) >= MyLimit THEN
  TradeOK = 0
  ENDIF

  

  Amin1233

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  06/07/2022 at 11:34 AM #194845
  Amin1233

  Also will this still work if your strategy starts in negative. What I noticed is that if my total strategy profit is positive then next day the code works and when I have lost it stops but when the strategy was already in negative from last day the code somehow can’t calculate the negative minus negative and stop working

  

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  06/07/2022 at 1:20 PM #194848
  robertogozzi

  Try replacing line 6 with:

  IF (abs(StrategyProfit - StrategyProfit[1]) >= MyLimit) and (StrategyProfit < StrategyProfit[1]) THEN

  1	IF (abs(StrategyProfit - StrategyProfit[1]) >= MyLimit) and (StrategyProfit < StrategyProfit[1]) THEN

   

  

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  06/07/2022 at 2:42 PM #194855
  Amin1233

  Thanks, but I need the strategy profit be calculated for the total of positions from 10:00 am. In your code if one of the positions closes in negative the strategy will stop because it will always compare the current bar with the last bar not the total strategyprofit from 10:00 am

  

  Amin1233

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  06/07/2022 at 5:03 PM #194861
  robertogozzi

  You code above works fine for me. Why don’t you think it’s correct?

  Try appending some GRAPH instructions to monitor data candle by candle:

  ONCE TradeOK = 1 ONCE MyLimit = 200 IF time = 100000 THEN TradeOK = 1 Myprofit=strategyprofit ENDIF IF (Myprofit- strategyprofit) >= MyLimit THEN TradeOK = 0 ENDIF if average[20] crosses over average[200] and not onmarket then buy at market endif set target pprofit 200 set stop ploss 50 graph MyProfit coloured(255,0,0,255) graph StrategyProfit coloured(0,255,0,255) graph Myprofit- strategyprofit

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

  ONCE TradeOK = 1 ONCE MyLimit = 200 IF time = 100000 THEN    TradeOK = 1 Myprofit=strategyprofit ENDIF IF (Myprofit- strategyprofit) >= MyLimit THEN    TradeOK = 0 ENDIF if average[20] crosses over average[200] and not onmarket then    buy at market endif set target pprofit 200 set stop   ploss   50 graph MyProfit                 coloured(255,0,0,255) graph StrategyProfit           coloured(0,255,0,255) graph Myprofit- strategyprofit

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  robertogozzi

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