Time limit for an order

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    Posts
  • 02/19/2017 at 4:29 PM #25620 quote
    Barney
    Participant
    Senior

    Want to have a time limit how long a position may be open.

    How does such a code look like?

     

    Barney

    02/19/2017 at 5:19 PM #25624 quote
    Wing
    Participant
    Veteran
    once Counter=0

counter=counter+1

If counter>10 then
sell at market
endif

if buyconditions=true then
buy 1 lot at market
counter=0
endif

    ’10’ in this case is the amount of bars that the trade will stay open.

    02/19/2017 at 5:41 PM #25625 quote
    Barney
    Participant
    Senior

    “Error in line 9 character  18

    Please complete the syntax of the line”

    When i past your code.

    Perhaps i paste the code in wrong place?

    Here is my code!

    OMX30 15 min and 0,5p spread.

    It don’t work good in downtrend, therefore i must have something that stops algon in long term downtrend.

    // Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated

// Conditions to enter long positions

indicator1 = Average[80](close)
indicator2 = Average[5](close)
c1 = (indicator1 CROSSES UNDER indicator2)

IF c1 THEN
BUY 2 CONTRACT AT MARKET
ENDIF

// Stops and targets
SET TARGET pPROFIT 3
    02/19/2017 at 6:08 PM #25628 quote
    Wing
    Participant
    Veteran

    The last four lines of my code represent your own buy conditions, so you need to put this right after you buy the contracts.

    counter=0
    02/19/2017 at 9:15 PM #25646 quote
    Barney
    Participant
    Senior

    I have to be sluggish in the head.

    Can you post the code where it should be. 🙂

    I am new to coding…

    02/19/2017 at 11:44 PM #25665 quote
    Wing
    Participant
    Veteran
    // Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated

once counter=0
counter=counter+1

if counter>10 then
sell at market
endif

// Conditions to enter long positions

indicator1 = Average[80](close)
indicator2 = Average[5](close)
c1 = (indicator1 CROSSES UNDER indicator2)

IF c1 THEN
BUY 2 CONTRACT AT MARKET
counter=0
ENDIF

// Stops and targets
SET TARGET pPROFIT 3

    Does that work?

    02/20/2017 at 4:56 PM #25784 quote
    Barney
    Participant
    Senior

    Yes, it works fine.

    But my system did not like it.

    It works well but in downtrend it don’t work so good.

    What can i do to fix my problem…….

    // Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated

// Conditions to enter long positions

indicator1 = Average[80](close)
indicator2 = Average[5](close)
c1 = (indicator1 CROSSES UNDER indicator2)

IF c1 THEN
BUY 1 CONTRACT AT MARKET
ENDIF

// Stops and targets
SET TARGET pPROFIT 3
    omx-30-min.jpg omx-30-min.jpg
    02/21/2017 at 8:18 PM #25975 quote
    Wing
    Participant
    Veteran

    A stop loss maybe? Seeing as you have a a very low take profit, on relatively high time frame, make sure your system does not trick you because of the ‘zero bar issue’ though.

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Time limit for an order


ProOrder: Automated Strategies & Backtesting

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author-avatar
Barney @rickardktm Participant
Summary

This topic contains 7 replies,
has 2 voices, and was last updated by Wing
9 years ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 02/19/2017
Status: Active
Attachments: No files
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