Trailing buy order

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  • 06/26/2016 at 1:50 PM #9861 quote
    absent1980
    Participant
    Average

    Hi everyone,

    Just wondered if you could advise on few things.

    1. How to code trailing BUY orders based on a price difference from a previous order?
    2. How to code current remaining account balance or percentage from it?

    Thanks.

    06/27/2016 at 8:38 AM #9867 quote
    Nicolas
    Keymaster
    Master

    Hello,

    You can try these codes for trailing stop functions:

    http://www.prorealcode.com/blog/learning/trailing-stop-max-favorable-execution-mfe/

    http://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/

    To retrieve the current balance of your account, you need first to set a variable with the balance amount at the launch of the algorithm, because it is not possible to get it with code. Then just add the strategy profit to it and you’ll get the current balance amount:

    initialbalance = 9500 //set it one time at script launch
currentbalance = initialbalance + STRATEGYPROFIT
    06/29/2016 at 12:58 AM #9979 quote
    absent1980
    Participant
    Average

    Thank you, much appreciated.

    06/29/2016 at 6:50 PM #9995 quote
    absent1980
    Participant
    Average

    I looked at some examples of cumulative orders but not entirely sure how to translate them into a buying order such as:

    Buying 1st order at price x, 2nd order at price x + variable, 3d order at the price of a previous order + variable

    There are examples for shares but there is no equivalent for spreadbetting where position expressed as £pp

    Example:

    DEFPARAM CumulateOrders = True
If CountOfPosition < 2 THEN
 Buy 1 shares at 2 Limit
 Buy 1 shares at 3 Limit
Endif
    06/29/2016 at 7:02 PM #9999 quote
    Nicolas
    Keymaster
    Master

    You can find example of adding positions in the TRADEPRICE instruction page :

    http://www.prorealcode.com/documentation/tradeprice/

    06/29/2016 at 9:15 PM #10004 quote
    absent1980
    Participant
    Average

    Tried suggested code but system constantly adds positions at stated interval, how to limit them to 3 ?

    IF c1 THEN
BUY Positionsize PERPOINT AT MARKET
ENDIF
If CountOfPosition < 2 then
ENDIF
IF BARINDEX-TRADEINDEX(1)>increment AND Close-TRADEPRICE(1)>increment*2 AND LongOnMarket THEN
BUY positionsize perpoint at market
ENDIF

    Thank you.

    06/29/2016 at 9:39 PM #10005 quote
    Nicolas
    Keymaster
    Master

    Your ENDIF at line 5 should be at the end of the code otherwise your count of position test is doing nothing.

    06/29/2016 at 10:26 PM #10006 quote
    absent1980
    Participant
    Average

    Done that. Still buying/selling orders continuously until exit. I need to limit them to 3 or 4 max. Any ideas? Thanks

    06/30/2016 at 12:40 AM #10008 quote
    absent1980
    Participant
    Average

    Seems to be working now. Thank you for your advice.

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Trailing buy order


ProBuilder: Indicators & Custom Tools

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absent1980 @absent1980 Participant
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This topic contains 8 replies,
has 2 voices, and was last updated by absent1980
9 years, 7 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 06/26/2016
Status: Active
Attachments: No files
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