Hello, i have a question for you.
If i run two pro order systems on the same asset, and for example the first opens a long and the second opens subsequently a short on the same asset, the second one closes the first.
How can i avoid this and having two opposite active positions on the same asset?
I moved your topic in the automated trading section of the forum, because it is related to ProOrder.
ProBacktest/ProOrder doesn’t support hedging of positions, that’s why a new long order will close a short one and vice-versa.
There is no good solution to hedge orders, but people are used to split the strategy into 2 different one for each side. The cons is what they cannot communicate between them, so the hedging strategy is somehow desync …
I understood.
Thank you as always Nicolas.
I have some news about this! I think this “problem” can be avoidable using the “open cfd account” option to open secondary accounts on the same IG profile.
By doing this, you will have several cfd accounts on the IG profile, and on each you can start different strategies on the same assets without the problem of a second position closing the first one.
To be sure of my idea, I sent an email to IG for further clarification 🙂
Hello Francesco,
What did IG replied ? That could be a tremendous opportunity.
I have always had several positions in opposite directions on the same asset. I am a IG customer and there is an option in the IG website options that allow that.
I think it is something like “force orders”
Thanks Roger, are you using a limited risk account ?
No, it is an “expert” account, because i think that you cannot use ProOrder with a limited risk account (im not 100% sure of what i am saying).
All right I see. I’ve been on automation for about 1 month in june with my limited risk account, made a profit but soon realized with the 200K bar chart upgrades that the system was flat on the missing period. By “cannot”, do you mean that the fee Guaranteed SL drastically impact the ROI ? Or is there any other reason ?
The original question of the topic was trying to have an hedge trading system, the solution as nicolas pointed out is creating two different systems for long and short.
With different systems you can have as many position as you want on the same assett, of any tipe.
However, with a limited risk account, you cannot hedge position! See this topic: ProOrder on Limited Risk Account available for Italy,Spain,Sweden,UK
@Gauvel I have no idea of the impact of the fee of the Guaranteed SL, it mainly depends on the market conditions and liquidity. I guess if there is a big gap in the wrong direction during the week end you are happy to have a guaranteed stop loss. On my side I never use it.
