Description
****************** Limit TP+SL+Cancel Pending Strategy ( For Example ) ******************
Initial Volume : Calculated in contract size
Take Profit : Distance for take profit in pips
Stop Loss : Distance for stop loss in pips
Limit Offset Pips : Distance for placing pending limit orders in pips
Per Bar Actions:
- At the start of each new bar, all pending orders are canceled before opening new orders.
- At the end of each bar, all open positions are closed.
- The direction of the next trade is determined by the change in closing prices between the previous and the current bar.
Trading Order Conditions:
- If the previous closing price is higher than the current closing price, open a Buy position.
- If the previous closing price is lower than the current closing price, open a Sell position.
- Cancel the limit order if the price does not reach the order within that bar.
Warning: This is just sample code. It's not a ready-made strategy. you need to study other details more
using System;
using cAlgo.API;
using cAlgo.API.Internals;
namespace cAlgo
{
[Robot(TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
public class LimitOrderSimple : Robot
{
[Parameter("Initial Volume", DefaultValue = 1000)]
public int InitialVolume { get; set; }
[Parameter("Take Profit (pips)", DefaultValue = 100)]
public int TakeProfit { get; set; }
[Parameter("Stop Loss (pips)", DefaultValue = 100)]
public int StopLoss { get; set; }
[Parameter("Limit Offset Pips", DefaultValue = 10)]
public int StopOffsetPips { get; set; }
private int _currentVolume;
private int _consecutiveLosses = 0;
protected override void OnStart()
{
Print("OpenCloseMartingaleStrategy started.");
_currentVolume = InitialVolume;
}
protected override void OnBar()
{
// Cancel all pending orders at the start of each bar
foreach (var pendingOrder in PendingOrders)
{
var cancelResult = CancelPendingOrder(pendingOrder);
if (!cancelResult.IsSuccessful)
{
Print($"Error canceling pending order: {cancelResult.Error}");
}
}
// Close all positions at the end of each bar
foreach (var position in Positions)
{
Print($"Closing position: {position.TradeType} at {position.EntryPrice}");
var closeResult = ClosePosition(position);
if (!closeResult.IsSuccessful)
{
Print($"Error closing position: {closeResult.Error}");
}
}
// Get the current and previous bar data
var currentBarIndex = MarketSeries.Close.Count - 2;
var previousBarIndex = MarketSeries.Close.Count - 1;
if (currentBarIndex < 1 || previousBarIndex < 0)
{
Print("Not enough bar data.");
return;
}
double previousClosePrice = MarketSeries.Close[previousBarIndex];
double currentClosePrice = MarketSeries.Close[currentBarIndex];
Print($"Previous Close Price: {previousClosePrice}, Current Close Price: {currentClosePrice}");
// Determine trade type based on price movement
if (previousClosePrice > currentClosePrice)
{
OpenBuyPosition();
}
else if (previousClosePrice < currentClosePrice)
{
OpenSellPosition();
}
}
private void OpenSellPosition()
{
Print("Opening Sell position.");
double price = Symbol.Ask + StopOffsetPips * Symbol.PipSize; // Adjusted price
var result = PlaceLimitOrder(TradeType.Sell, SymbolName, _currentVolume, price, "OpenCloseMartingaleStrategy", StopLoss, TakeProfit);
if (!result.IsSuccessful)
{
Print($"Error placing Sell limit order: {result.Error}");
}
}
private void OpenBuyPosition()
{
Print("Opening Buy position.");
double price = Symbol.Bid - StopOffsetPips * Symbol.PipSize; // Adjusted price
var result = PlaceLimitOrder(TradeType.Buy, SymbolName, _currentVolume, price, "OpenCloseMartingaleStrategy", StopLoss, TakeProfit);
if (!result.IsSuccessful)
{
Print($"Error placing Buy limit order: {result.Error}");
}
}
protected override void OnPositionClosed(Position position)
{
{
_currentVolume = InitialVolume;
_consecutiveLosses = 0;
}
}
protected override void OnStop()
{
Print("OpenCloseMartingaleStrategy stopped.");
}
}
}
TS_TRADER
Joined on 15.12.2023
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Limit Order TP + SL + Cancel Pending.algo
- Rating: 2.5
- Installs: 439
- Modified: 25/07/2024 08:46
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Comments
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Warning: This is just sample code. It's not a ready-made strategy. you need to study other details more
How come this Bot works so well when running the back testing but on real time it does so badly?