Take what the market gives

• 11/02/2021 at 8:33 PM #180816
  phoentzs

  When I write this code in my bot, the code checks for every close whether the current position is 10 points plus and then closes the trade. Quasi an exit without a TP. If the position is 100 points plus, it closes as well as if the position is 11 points plus. The same with the second code, only then time-dependent. Is that correct or do I have a mistake in my thinking?

  If longonmarket and Close>Positionperf+10*pipsize then

  sell at market

  endif

   

  If longonmarket and Time=120000 and Close>Positionperf+10*pipsize then

  sell at market

  endif

  

  phoentzs

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  11/02/2021 at 10:42 PM #180825
  JS

  Calculation PositionPerf example:

  Open position at 100

  Close position at 110

  Then PositionPerf = (110 – 100) / 100 = 0,1

   

  

  JS

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  11/02/2021 at 11:03 PM #180826
  JS

  Or:

  Open position at 100

  Current price 108

  (Current)PositionPerf = (108 -100) / 100 = 0,08

  

  JS

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  11/03/2021 at 1:21 AM #180830
  robertogozzi

  To calculate the number of pips gained (or lost, if negative) so far, for a single position:

  PipsGain = PositionPerf * PositionPrice / PipSize

  1	PipsGain = PositionPerf * PositionPrice / PipSize

  for all positions (the output is the same as above if you only have one position open):

  PositionPerf * PositionPrice / PipSize * abs(CountOfPosition)

  1	PositionPerf * PositionPrice / PipSize * abs(CountOfPosition)

  So the correct code to check if profit is 10+ pips:

  If longonmarket and (PositionPerf * PositionPrice / PipSize) >= 10 then sell at market endif

  1 2 3

  If longonmarket and (PositionPerf * PositionPrice / PipSize) >= 10 then    sell at market endif

   

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  phoentzs

  

  robertogozzi

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  11/03/2021 at 9:56 AM #180838
  phoentzs

  Thanks, this function could be quite useful with different TP distances. Or as an exit from the market in profit in the evening or Friday evening.

  

  phoentzs

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