Adding average true range

Created at 23 Feb 2021, 17:33
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daleywill4

Joined 05.02.2021

Adding average true range
23 Feb 2021, 17:33


Hi

Does anyone have any code for an Average True Range stop loss / take profit, that can be plugged directly into the code below. This is cTrader’s sample martingale robot, and I am looking for ways to reduce equity drawdown from 25% down to something for reasonable. FYI any other code that you think might be able to accomplish the same thing such as a trailing profit or loss would also be appreciated. 

THANK YOU very much in advance.

Will

using System;
using System.Linq;
using cAlgo.API;
using cAlgo.API.Indicators;
using cAlgo.API.Internals;
using cAlgo.Indicators;

namespace cAlgo.Robots
{
    [Robot(TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
    public class SampleMartingaleRobot : Robot
    {
        [Parameter("Initial Volume", DefaultValue = 10000, MinValue = 0)]
        public int InitialVolume { get; set; }

        [Parameter("Stop Loss", DefaultValue = 40)]
        public int StopLoss { get; set; }

        [Parameter("Take Profit", DefaultValue = 40)]
        public int TakeProfit { get; set; }

        private Random random = new Random();

        protected override void OnStart()
        {
            Positions.Closed += OnPositionsClosed;

            ExecuteOrder(InitialVolume, GetRandomTradeType());
        }

        private void ExecuteOrder(long volume, TradeType tradeType)
        {
            var result = ExecuteMarketOrder(tradeType, Symbol, volume, "Martingale", StopLoss, TakeProfit);

            if (result.Error == ErrorCode.NoMoney)
                Stop();
        }

        private void OnPositionsClosed(PositionClosedEventArgs args)
        {
            Print("Closed");
            var position = args.Position;

            if (position.Label != "Martingale" || position.SymbolCode != Symbol.Code)
                return;

            if (position.GrossProfit > 0)
            {
                ExecuteOrder(InitialVolume, GetRandomTradeType());
            }
            else
            {
                ExecuteOrder((int)position.Volume * 2, position.TradeType);
            }
        }

        private TradeType GetRandomTradeType()
        {
            return random.Next(2) == 0 ? TradeType.Buy : TradeType.Sell;
        }
    }
}

 


@daleywill4