Multiple Take Profits.
Multiple Take Profits.
04 Mar 2021, 20:10
How can we set multiple Take Profits with different volumes on cTrader Automate?
For example I have a 1 lot postion on EurUsd.
I want to set Muliple Take Profits as following:
0.5 lots at 10 pips profit.
0.2 lots at 20 pips profit.
and so on.
Replies
iranava
16 Sep 2023, 11:58
( Updated at: 17 Sep 2023, 05:07 )
RE: RE:
amusleh said:
amanpathak1997 said:
How can we set multiple Take Profits with different volumes on cTrader Automate?
For example I have a 1 lot postion on EurUsd.
I want to set Muliple Take Profits as following:
0.5 lots at 10 pips profit.
0.2 lots at 20 pips profit.
and so on.
You can implement multiple take profit levels by Pips like this:
using cAlgo.API;using System;using System.Collections.Generic;namespace cAlgo.Robots{ /// <summary> /// Allows setting multiple take profit levels for positions /// Set a take profit volume parameter value to 0 if you don't want to use it /// </summary> [Robot(TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)] public class MultiTPBot : Robot { private double _firstTakeProfitVolumeInUnits; private double _secondTakeProfitVolumeInUnits; private double _thirdTakeProfitVolumeInUnits; private double _fourthTakeProfitVolumeInUnits; private List<long> _firstTakeProfitTriggeredPositionIds = new List<long>(); private List<long> _secondTakeProfitTriggeredPositionIds = new List<long>(); private List<long> _thirdTakeProfitTriggeredPositionIds = new List<long>(); private List<long> _fourthTakeProfitTriggeredPositionIds = new List<long>(); [Parameter("1st TP", DefaultValue = 0.01, MinValue = 0, Group = "Volume (Lots)")] public double FirstTakePrfitVolumeInLots { get; set; } [Parameter("2nd TP", DefaultValue = 0.03, MinValue = 0, Group = "Volume (Lots)")] public double SecondTakePrfitVolumeInLots { get; set; } [Parameter("3rd TP", DefaultValue = 0.05, MinValue = 0, Group = "Volume (Lots)")] public double ThirdTakePrfitVolumeInLots { get; set; } [Parameter("4th TP", DefaultValue = 0.1, MinValue = 0, Group = "Volume (Lots)")] public double FourthTakePrfitVolumeInLots { get; set; } [Parameter("1st TP", DefaultValue = 10, MinValue = 0, Group = "Pips")] public double FirstTakePrfitPips { get; set; } [Parameter("2nd TP", DefaultValue = 20, MinValue = 0, Group = "Pips")] public double SecondTakePrfitPips { get; set; } [Parameter("3rd TP", DefaultValue = 30, MinValue = 0, Group = "Pips")] public double ThirdTakePrfitPips { get; set; } [Parameter("4th TP", DefaultValue = 40, MinValue = 0, Group = "Pips")] public double FourthTakePrfitPips { get; set; } protected override void OnStart() { _firstTakeProfitVolumeInUnits = Symbol.QuantityToVolumeInUnits(FirstTakePrfitVolumeInLots); _secondTakeProfitVolumeInUnits = Symbol.QuantityToVolumeInUnits(SecondTakePrfitVolumeInLots); _thirdTakeProfitVolumeInUnits = Symbol.QuantityToVolumeInUnits(ThirdTakePrfitVolumeInLots); _fourthTakeProfitVolumeInUnits = Symbol.QuantityToVolumeInUnits(FourthTakePrfitVolumeInLots); } protected override void OnTick() { foreach (var position in Positions) { if (!position.SymbolName.Equals(SymbolName, StringComparison.OrdinalIgnoreCase)) continue; TriggerTakeProfitIfReached(position, _firstTakeProfitVolumeInUnits, FirstTakePrfitPips, _firstTakeProfitTriggeredPositionIds); TriggerTakeProfitIfReached(position, _secondTakeProfitVolumeInUnits, SecondTakePrfitPips, _secondTakeProfitTriggeredPositionIds); TriggerTakeProfitIfReached(position, _thirdTakeProfitVolumeInUnits, ThirdTakePrfitPips, _thirdTakeProfitTriggeredPositionIds); TriggerTakeProfitIfReached(position, _fourthTakeProfitVolumeInUnits, FourthTakePrfitPips, _fourthTakeProfitTriggeredPositionIds); } } private void ModifyPositionVolume(Position position, double newVolume) { if (position.VolumeInUnits > newVolume) { ModifyPosition(position, newVolume); } else { ClosePosition(position); } } private void TriggerTakeProfitIfReached(Position position, double takeProfitVolumeInUnits, double takeProfitPips, List<long> triggeredPositionIds) { if (triggeredPositionIds.Contains(position.Id)) return; if (takeProfitVolumeInUnits > 0 && position.Pips >= takeProfitPips) { triggeredPositionIds.Add(position.Id); ModifyPositionVolume(position, position.VolumeInUnits - takeProfitVolumeInUnits); } } }}
Hi dear friend
I want to enter the commands that you have written for several TPs with specified lots into the following codes. I did it but it didn't work. A number of codes should be changed to apply the first to fourth TPs. Thank you for your guidance.
// -------------------------------------------------------------------------------
// Opens a buy/sell trade (random, chosen direction, or both directions) seconds before news release.
// Sets SL and TP. Keeps updating them until the very release.
// Can set SL to breakeven when unrealized profit = SL.
// Alternatively, adds ATR based trailing stop.
// Closes trade after given time period passes.
// Version 1.09.
// Copyright 2015-2022, EarnForex.com
// https://www.earnforex.com/metatrader-expert-advisors/News-Trader/
// -------------------------------------------------------------------------------
using System;
using System.Linq;
using cAlgo.API;
using cAlgo.API.Indicators;
using cAlgo.API.Internals;
using cAlgo.Indicators;
using System.Collections.Generic;
using cAlgo.Robots;
namespace cAlgo
{
[Robot(TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
public class NewsTrader : Robot
{
[Parameter(DefaultValue = 2022, MinValue = 1970)]
public int Year { get; set; }
[Parameter(DefaultValue = 4, MinValue = 1, MaxValue = 12)]
public int Month { get; set; }
[Parameter(DefaultValue = 26, MinValue = 1, MaxValue = 31)]
public int Day { get; set; }
[Parameter(DefaultValue = 0, MinValue = 0, MaxValue = 23)]
public int Hour { get; set; }
[Parameter(DefaultValue = 0, MinValue = 0, MaxValue = 59)]
public int Minute { get; set; }
[Parameter("Stop-Loss, pips", DefaultValue = 15, MinValue = 0)]
public int StopLoss { get; set; }
[Parameter("Take-Profit, pips", DefaultValue = 75, MinValue = 0)]
public int TakeProfit { get; set; }
[Parameter(DefaultValue = true)]
public bool Buy { get; set; }
[Parameter(DefaultValue = true)]
public bool Sell { get; set; }
[Parameter("Randomize Buy/Sell", DefaultValue = false)]
public bool Rnd { get; set; }
// Trailing Stop will supersede Breakeven Stop if true.
[Parameter("Trailing Stop", DefaultValue = false)]
public bool Trailing { get; set; }
[Parameter("Breakeven Stop", DefaultValue = false)]
public bool Breakeven { get; set; }
[Parameter("Preadjust SL/TP", DefaultValue = false)]
public bool PreAdjustSLTP { get; set; }
[Parameter("Seconds Before News", DefaultValue = 10, MinValue = 1)]
public int SecondsBefore { get; set; }
[Parameter("Close After Seconds", DefaultValue = 3600, MinValue = 1)]
public int CloseAfterSeconds { get; set; }
[Parameter("Use ATR Position Sizing", DefaultValue = false)]
public bool UseATR { get; set; }
[Parameter("ATR Period", DefaultValue = 14, MinValue = 1)]
public int ATR_Period { get; set; }
[Parameter("ATR Multiplier for SL", DefaultValue = 1, MinValue = 0)]
public double ATR_Multiplier_SL { get; set; }
[Parameter("ATR Multiplier for TP", DefaultValue = 5, MinValue = 0)]
public double ATR_Multiplier_TP { get; set; }
[Parameter("Volume in Lots", DefaultValue = 0.01, MinValue = 0.01)]
public double Lots { get; set; }
[Parameter("Money Management", DefaultValue = true)]
public bool MM { get; set; }
[Parameter("Risk, %", DefaultValue = 1, MinValue = 0)]
public double Risk { get; set; }
[Parameter("Risk, Money", DefaultValue = 0, MinValue = 0)]
public double MoneyRisk { get; set; }
[Parameter("Fixed Balance", DefaultValue = 0, MinValue = 0)]
public double FixedBalance { get; set; }
[Parameter("Use Money Instead of %", DefaultValue = false)]
public bool UseMoneyInsteadOfPercentage { get; set; }
[Parameter("Use Equity Instead of Balance", DefaultValue = false)]
public bool UseEquityInsteadOfBalance { get; set; }
[Parameter("Show Timer", DefaultValue = true)]
public bool ShowTimer { get; set; }
[Parameter("Vertical Corner", DefaultValue = VerticalAlignment.Top)]
public VerticalAlignment CornerVertical { get; set; }
[Parameter("Horizontal Corner", DefaultValue = HorizontalAlignment.Left)]
public HorizontalAlignment CornerHorizontal { get; set; }
[Parameter(DefaultValue = 1)]
public int Slippage { get; set; }
[Parameter(DefaultValue = "NewsTrader")]
public string Commentary { get; set; }
// Indicator handles
private AverageTrueRange ATR;
private DateTime news_time;
private bool CanTrade = false;
private double SL, TP;
private bool HaveLongPosition = false;
private bool HaveShortPosition = false;
private double _firstTakeProfitVolumeInUnits;
private double _secondTakeProfitVolumeInUnits;
private double _thirdTakeProfitVolumeInUnits;
private double _fourthTakeProfitVolumeInUnits;
private List<long> _firstTakeProfitTriggeredPositionIds = new List<long>();
private List<long> _secondTakeProfitTriggeredPositionIds = new List<long>();
private List<long> _thirdTakeProfitTriggeredPositionIds = new List<long>();
private List<long> _fourthTakeProfitTriggeredPositionIds = new List<long>();
[Parameter("1st TP", DefaultValue = 0.01, MinValue = 0, Group = "Volume (Lots)")]
public double FirstTakePrfitVolumeInLots { get; set; }
[Parameter("2nd TP", DefaultValue = 0.03, MinValue = 0, Group = "Volume (Lots)")]
public double SecondTakePrfitVolumeInLots { get; set; }
[Parameter("3rd TP", DefaultValue = 0.05, MinValue = 0, Group = "Volume (Lots)")]
public double ThirdTakePrfitVolumeInLots { get; set; }
[Parameter("4th TP", DefaultValue = 0.1, MinValue = 0, Group = "Volume (Lots)")]
public double FourthTakePrfitVolumeInLots { get; set; }
[Parameter("1st TP", DefaultValue = 10, MinValue = 0, Group = "Pips")]
public double FirstTakePrfitPips { get; set; }
[Parameter("2nd TP", DefaultValue = 20, MinValue = 0, Group = "Pips")]
public double SecondTakePrfitPips { get; set; }
[Parameter("3rd TP", DefaultValue = 30, MinValue = 0, Group = "Pips")]
public double ThirdTakePrfitPips { get; set; }
[Parameter("4th TP", DefaultValue = 40, MinValue = 0, Group = "Pips")]
public double FourthTakePrfitPips { get; set; }
protected string MyLabel
{
get { return string.Format("{0} {1} {2}", Commentary, Symbol.Name, TimeFrame); }
}
protected override void OnStart()
{
_firstTakeProfitVolumeInUnits = Symbol.QuantityToVolumeInUnits(FirstTakePrfitVolumeInLots);
_secondTakeProfitVolumeInUnits = Symbol.QuantityToVolumeInUnits(SecondTakePrfitVolumeInLots);
_thirdTakeProfitVolumeInUnits = Symbol.QuantityToVolumeInUnits(ThirdTakePrfitVolumeInLots);
_fourthTakeProfitVolumeInUnits = Symbol.QuantityToVolumeInUnits(FourthTakePrfitVolumeInLots);
news_time = new DateTime(Year, Month, Day, Hour, Minute, 0);
double min_lot = Symbol.VolumeInUnitsToQuantity(Symbol.VolumeInUnitsMin);
double lot_step = Symbol.VolumeInUnitsToQuantity(Symbol.VolumeInUnitsStep);
Print("Minimum lot: ", min_lot.ToString(), ", lot step: ", lot_step.ToString(), ".");
if ((Lots < min_lot) && (!MM))
Print("Lots should not be less than: ", min_lot.ToString(), ".");
else
CanTrade = true;
if (ShowTimer)
{
Chart.DrawStaticText("NewsTraderTimer", "", CornerVertical, CornerHorizontal, Color.Red);
// For smooth updates.
Timer.Start(TimeSpan.FromMilliseconds(100));
}
if (UseATR)
{
ATR = Indicators.AverageTrueRange(ATR_Period, MovingAverageType.Simple);
}
// If UseATR = false, these values will be used. Otherwise, ATR values will be calculated later.
SL = StopLoss;
TP = TakeProfit;
}
//+------------------------------------------------------------------+
//| Stops timer if needed. |
//+------------------------------------------------------------------+
protected override void OnStop()
{
if (ShowTimer)
{
Timer.Stop();
}
}
//+------------------------------------------------------------------+
//| Updates text about time left to news or passed after news. |
//+------------------------------------------------------------------+
protected override void OnTimer()
{
string text;
TimeSpan difference = Time.Subtract(news_time);
if (difference <= TimeSpan.FromMilliseconds(0))
text = "Time to news:" + TimeDistance(difference.Negate());
else
text = "Time after news:" + TimeDistance(difference);
Chart.DrawStaticText("NewsTraderTimer", text + "", CornerVertical, CornerHorizontal, Color.Red);
}
protected override void OnTick()
{
if (!CanTrade)
return;
foreach (var position in Positions)
{
if (!position.SymbolName.Equals(SymbolName, StringComparison.OrdinalIgnoreCase)) continue;
TriggerTakeProfitIfReached(position, _firstTakeProfitVolumeInUnits, FirstTakePrfitPips,
_firstTakeProfitTriggeredPositionIds);
TriggerTakeProfitIfReached(position, _secondTakeProfitVolumeInUnits, SecondTakePrfitPips,
_secondTakeProfitTriggeredPositionIds);
TriggerTakeProfitIfReached(position, _thirdTakeProfitVolumeInUnits, ThirdTakePrfitPips,
_thirdTakeProfitTriggeredPositionIds);
TriggerTakeProfitIfReached(position, _fourthTakeProfitVolumeInUnits, FourthTakePrfitPips,
_fourthTakeProfitTriggeredPositionIds);
}
if (UseATR)
{
// Getting the ATR values
double ATR_value = ATR.Result.LastValue;
SL = ATR_value * ATR_Multiplier_SL;
TP = ATR_value * ATR_Multiplier_TP;
SL /= Symbol.PipSize;
TP /= Symbol.PipSize;
}
// Check what position is currently open
GetPositionStates();
// Adjust SL and TP of the current position
if ((HaveLongPosition) || (HaveShortPosition))
ControlPosition();
else
{
TimeSpan difference = Time.Subtract(news_time).Negate();
if ((difference <= TimeSpan.FromSeconds(SecondsBefore)) && (difference > TimeSpan.FromMilliseconds(0)))
{
// Randomize entry.
if (Rnd)
{
Random r = new Random();
if (r.Next() % 2 == 1)
fBuy();
else
fSell();
}
else if ((Buy) && (Sell))
{
fSell();
fBuy();
}
else if (Buy)
fBuy();
else if (Sell)
fSell();
}
}
}
//+------------------------------------------------------------------+
//| Check what positions are currently open. |
//+------------------------------------------------------------------+
private void GetPositionStates()
{
foreach (var position in Positions)
{
if ((Symbol.Name == position.SymbolName) && (MyLabel == position.Label))
{
if (position.TradeType == TradeType.Sell)
HaveShortPosition = true;
if (position.TradeType == TradeType.Buy)
HaveLongPosition = true;
}
}
}
//+------------------------------------------------------------------+
//| Generic buy. |
//+------------------------------------------------------------------+
private void fBuy()
{
ExecuteMarketRangeOrder(TradeType.Buy, Symbol.Name, LotsOptimized(), Slippage, Symbol.Ask, MyLabel, SL, TP, Commentary);
}
//+------------------------------------------------------------------+
//| Generic sell. |
//+------------------------------------------------------------------+
private void fSell()
{
ExecuteMarketRangeOrder(TradeType.Sell, Symbol.Name, LotsOptimized(), Slippage, Symbol.Bid, MyLabel, SL, TP, Commentary);
}
//+------------------------------------------------------------------+
//| Add SL/TP, adjust SL/TP, set breakeven, close trade. |
//+------------------------------------------------------------------+
private void ControlPosition()
{
foreach (var position in Positions)
{
if ((Symbol.Name == position.SymbolName) && (MyLabel == position.Label))
{
TimeSpan difference = Time.Subtract(news_time);
if ((difference < TimeSpan.FromMilliseconds(0)) && (PreAdjustSLTP))
{
double new_sl = 0, new_tp = 0;
if (position.TradeType == TradeType.Buy)
{
new_sl = Math.Round(Symbol.Ask - SL * Symbol.PipSize, Symbol.Digits);
new_tp = Math.Round(Symbol.Ask + TP * Symbol.PipSize, Symbol.Digits);
}
else if (position.TradeType == TradeType.Sell)
{
new_sl = Math.Round(Symbol.Bid + SL * Symbol.PipSize, Symbol.Digits);
new_tp = Math.Round(Symbol.Bid - TP * Symbol.PipSize, Symbol.Digits);
}
if ((new_sl != position.StopLoss) || (new_tp != position.TakeProfit))
{
Print("Adjusting SL: ", new_sl, " and TP: ", new_tp, ".");
ModifyPosition(position, new_sl, new_tp);
}
}
// Check for breakeven or trade time out.
else
{
if ((!Trailing) && (Breakeven) && ((((position.TradeType == TradeType.Buy) && (Symbol.Ask - position.EntryPrice >= SL * Symbol.PipSize)) || ((position.TradeType == TradeType.Sell) && (position.EntryPrice - Symbol.Bid >= SL * Symbol.PipSize)))))
{
double new_sl = Math.Round(position.EntryPrice, Symbol.Digits);
if (new_sl != position.StopLoss)
{
Print("Moving SL to breakeven: ", new_sl, ".");
ModifyPosition(position, new_sl, position.TakeProfit);
}
}
else if ((Trailing) && ((((position.TradeType == TradeType.Buy) && (Symbol.Ask - position.StopLoss >= SL * Symbol.PipSize)) || ((position.TradeType == TradeType.Sell) && (position.StopLoss - Symbol.Bid >= SL * Symbol.PipSize)))))
{
double new_sl = 0;
if (position.TradeType == TradeType.Buy)
new_sl = Math.Round(Symbol.Ask - SL * Symbol.PipSize, Symbol.Digits);
else if (position.TradeType == TradeType.Sell)
new_sl = Math.Round(Symbol.Bid + SL * Symbol.PipSize, Symbol.Digits);
if (((position.TradeType == TradeType.Buy) && (new_sl > position.StopLoss)) || ((position.TradeType == TradeType.Sell) && (new_sl < position.StopLoss)))
{
Print("Moving trailing SL to ", new_sl, ".");
ModifyPosition(position, new_sl, position.TakeProfit);
}
}
if (CloseAfterSeconds > 0)
{
TimeSpan after_difference = Time.Subtract(news_time);
if (after_difference >= TimeSpan.FromSeconds(CloseAfterSeconds))
{
Print("Closing trade by time out.");
ClosePosition(position);
}
}
}
}
}
}
//+------------------------------------------------------------------+
//| Format time distance from the number of seconds to normal string |
//| of years, days, hours, minutes, and seconds. |
//| t - time difference |
//| Returns: formatted string. |
//+------------------------------------------------------------------+
string TimeDistance(TimeSpan t)
{
if ((t < TimeSpan.FromSeconds(1)) && (t > TimeSpan.FromSeconds(1).Negate()))
return (" 0 seconds");
string s = "";
int d = t.Days;
int h = t.Hours;
int m = t.Minutes;
int sec = t.Seconds;
if (d > 0)
s += " " + d.ToString() + " day";
if (d > 1)
s += "s";
if (h > 0)
s += " " + h.ToString() + " hour";
if (h > 1)
s += "s";
if (m > 0)
s += " " + m.ToString() + " minute";
if (m > 1)
s += "s";
if (sec > 0)
s += " " + sec.ToString() + " second";
if (sec > 1)
s += "s";
return (s);
}
//+------------------------------------------------------------------+
//| Calculate position size depending on money management parameters.|
//+------------------------------------------------------------------+
double LotsOptimized()
{
if (!MM)
return (Symbol.QuantityToVolumeInUnits(Lots));
double Size, RiskMoney, PositionSize = 0;
if (Account.Asset.Name == "")
return (0);
if (FixedBalance > 0)
{
Size = FixedBalance;
}
else if (UseEquityInsteadOfBalance)
{
Size = Account.Equity;
}
else
{
Size = Account.Balance;
}
if (!UseMoneyInsteadOfPercentage)
RiskMoney = Size * Risk / 100;
else
RiskMoney = MoneyRisk;
double UnitCost = Symbol.PipValue;
if ((SL != 0) && (UnitCost != 0))
PositionSize = (int)Math.Round(RiskMoney / SL / UnitCost);
Print(PositionSize);
if (PositionSize < Symbol.VolumeInUnitsMin)
{
Print("Calculated position size (" + PositionSize + ") is less than minimum position size (" + Symbol.VolumeInUnitsMin + "). Setting position size to minimum.");
PositionSize = Symbol.VolumeInUnitsMin;
}
else if (PositionSize > Symbol.VolumeInUnitsMax)
{
Print("Calculated position size (" + PositionSize + ") is greater than maximum position size (" + Symbol.VolumeInUnitsMax + "). Setting position size to maximum.");
PositionSize = Symbol.VolumeInUnitsMax;
}
double LotStep = Symbol.VolumeInUnitsStep;
double steps = PositionSize / LotStep;
if (Math.Floor(steps) < steps)
{
Print("Calculated position size (" + PositionSize + ") uses uneven step size. Allowed step size = " + LotStep + ". Setting position size to " + (Math.Floor(steps) * LotStep) + ".");
PositionSize = Math.Floor(steps) * LotStep;
}
return (PositionSize);
}
private void ModifyPositionVolume(Position position, double newVolume)
{
if (position.VolumeInUnits > newVolume)
{
ModifyPosition(position, newVolume);
}
else
{
ClosePosition(position);
}
}
private void TriggerTakeProfitIfReached(Position position, double takeProfitVolumeInUnits, double takeProfitPips,
List<long> triggeredPositionIds)
{
if (triggeredPositionIds.Contains(position.Id)) return;
if (takeProfitVolumeInUnits > 0 && position.Pips >= takeProfitPips)
{
triggeredPositionIds.Add(position.Id);
ModifyPositionVolume(position, position.VolumeInUnits - takeProfitVolumeInUnits);
}
}
}
}
@iranava
amusleh
05 Mar 2021, 10:59
RE:
amanpathak1997 said:
You can implement multiple take profit levels by Pips like this:
@amusleh