Hi, I read in a book and also in an issue of Futures Truth magazine, that using 2 contracts instead of just one, the Equity Line can improve by becoming more regular; therefore, I wanted to ask if someone can help me to insert in this Trading System 2 contracts, but the first contract will close in profit after 100 points (or + 0.45 % from the entry price), while the second contract will follow the T.S. rules. I thank you in advance. ------------------------------------------------------ Inputs: Length(50), len2(4), len3(4), Amount(1700); vars: daysintrade(0),atr(0),ptargmult(1),longliqpt(0), shortliqpt(9999999), protlongstop(0), protshortstop(0), lowestlow3(0),highesthigh3(0),bed (0),sed(0),stb(0), sts(0); atr=avgtruerange(Length); lowestlow3=lowest(low,len2); highesthigh3=highest(high,len3); bed=0; sed=0; if (close>=close[1]) then sed=1; if (close<=close[1]) then bed=1; if(bed=1) then begin stb=open of tomorrow +.5*(highesthigh3-lowestlow3); sts=open of tomorrow -(highesthigh3-lowestlow3); end; if(sed=1) then begin stb=open of tomorrow +(highesthigh3-lowestlow3); sts=open of tomorrow -.5*(highesthigh3-lowestlow3); end; if (marketposition=1 and barssinceentry=0) then protlongstop=entryprice(0)-3*atr[1]; if (marketposition=-1 and barssinceentry=0) then protshortstop=entryprice(0)+3*atr[1]; if (marketposition<>marketposition(1)) then begin ptargmult=1; longliqpt=0; shortliqpt=999999; end; if (marketposition=1 and high[1]>entryprice(0)+ (3*atr[1])) then begin longliqpt=entryprice(0); end; if (marketposition=-1 and low[1]<entryprice(0)- (3*atr[1])) then begin shortliqpt=entryprice(0); end; buy tomorrow at stb stop; sellshort tomorrow at sts stop; SetStopLoss(Amount); -------------------------------------------------------------
Studies have shown the other way as well, selling 1/2 reduces overall profiability and maybe even overall risk. With trading there's never one simple answer...
in your code "market position" will only work one bar after you have a position it will not work from the time you are actually in a position. so what i am saying is there is a one bar delay in "market position" actually working. to get around this you create a variable call it var:mp(0); then spell out the same conditions that trigger a trade if so and so then mp = 1; if so and so then mp=-1; replace all your conditions using "market position" now with "mp".