Place re-entry orders with bigger lot size

Created at 04 Sep 2019, 10:19

Joined 18.05.2019

Place re-entry orders with bigger lot size
04 Sep 2019, 10:19

Hi, I have 2 questions here:

1- I'm trying to place re-entry orders(a buy and a sell) once a trade is stopped out but with a 10% increase in lot size.

For example: If I have a EUR/USD 10k sell at 1.10 with SL at 20 pips. If the price reaches 1.1020 I would like to place a sell order of EUR/USD 11k at 1.10 with SL 20 pips and a buy order of EUR/USD 11k at 1.10 with SL 20 pips. How can I do that?

[Parameter(DefaultValue = 0.0)]
        public double Parameter { get; set; }

        [Parameter("SLRP", DefaultValue = 50)]
        public int stopLimitRangePips { get; set; }

        [Parameter("Stop Loss", DefaultValue = 33)]
        public int StopLoss { get; set; }

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

        [Parameter("Volume", DefaultValue = 10000, MinValue = 10000, Step = 1000)]
        public int Volume { get; set; }

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

        private void Positions_Closed(PositionClosedEventArgs obj)
        {
            if (obj.Reason == PositionCloseReason.StopLoss)
            {
                if (obj.Position.TradeType == TradeType.Buy)
                {
                    PlaceStopOrder(TradeType.Sell, Symbol, obj.Position.VolumeInUnits, obj.Position.EntryPrice, "reEntry", StopLoss, TakeProfit);
                    PlaceStopOrder(TradeType.Buy, Symbol, obj.Position.VolumeInUnits, obj.Position.EntryPrice, "reEntry", StopLoss, TakeProfit);
                }
                else
                {
                    PlaceStopOrder(TradeType.Buy, Symbol, obj.Position.VolumeInUnits, obj.Position.EntryPrice, "reEntry", StopLoss, TakeProfit);
                    PlaceStopOrder(TradeType.Sell, Symbol, obj.Position.VolumeInUnits, obj.Position.EntryPrice, "reEntry", StopLoss, TakeProfit);
                }

            }
        }
    }

2- Is it possible to close all open trades and orders once the price reaches a certain point?

Thanks

@tomopeov

Replies

firemyst
18 Sep 2019, 17:09

RE:

tomopeov said:

2- Is it possible to close all open trades and orders once the price reaches a certain point?
Thanks

This one is relatively simple to write pseudo-code (which may work) in a quick few minutes. In your OnTick method, do something similar to:

double closeThreshold = 1.02; //or whatever your price threshold is where you want to close everything

if (Symbol.Ask <= closeThreshold)
{
    CloseEverything(Symbol.Name);
}

Here's the supporting function:

private void CloseEverything(string theSymbol)
{
    foreach (Position p in Positions.FindAll(theSymbol)) //oryou could specify the "label" if you'll be labelling all your positions the same way
                {
                    TradeResult r = p.Close();
                            if (r.IsSuccessful)
                            {
                                Print("Successfully closed position \"{0} {1}\" to true.", p.Id, p.Label);
                            }
                            else if (!r.IsSuccessful)
                            {
                                Print("WARNING! Could not close position \"{0} {1}\"!", p.Id, p.Label);
                                Print("Error message: {0}", r.Error.Value);
                            }
                }
}

@firemyst

Copyright © 2024 Spotware Systems Ltd. All rights reserved.
The services provided by Spotware Systems Ltd. are not available to citizens or residents of the USA. Neither is the information on our websites directed toward soliciting citizens or residents of the USA.