Take what the market gives

phoentzs · 2021-11-02T19:33:25+00:00

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

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11/02/2021 at 8:33 PM #180816 quote

phoentzs
Participant

Master

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

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

JS
Participant

Master

Calculation PositionPerf example: Open position at 100 Close position at 110 Then PositionPerf = (110 – 100) / 100 = 0,1

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

JS
Participant

Master

Or: Open position at 100 Current price 108 (Current)PositionPerf = (108 -100) / 100 = 0,08

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

Legend
To calculate the number of pips gained (or lost, if negative) so far, for a single position:
```
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)
```
So the correct code to check if profit is 10+ pips:
```
If longonmarket and (PositionPerf * PositionPrice / PipSize) >= 10 then
   sell at market
endif
```
phoentzs thanked this post
11/03/2021 at 9:56 AM #180838 quote

phoentzs
Participant

Master

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.
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