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Money management code in Multicharts PowerLanguage
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Money management code in Multicharts PowerLanguage

  #1 (permalink)
Elite Member
Nicosia, Cyprus
 
Futures Experience: Intermediate
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Money management code in Multicharts PowerLanguage

Hi all,

I'm trying to write some code for a money management method in powerlanguage, for example like this:

1. if drawdown goes above 15%, then exit all positions and stay out for 30 days

2. when the 30 days pass, enter again with a maximum of 4 positions, until drawdown returns to, say, 10%.

2a. if drawdown returns to 15%, do the same.

2b. if drawdown increases to 25%, stop trading again for 30 days.
etc

The above is just a very rough idea.

I was wondering if such code, or any code related to money management, exists anywhere on the nets, or if anyone is willing to share their own.
It would be great if we could share some code here.

I am working on something simple now, when I get my head around it, I will post it here for reference by anyone pulling their hair like I am doing now!

moses

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  #2 (permalink)
in a meditative state...
Portugal
 
Futures Experience: Advanced
Platform: Multicharts, Jigsaw
Broker/Data: Stage5, OEC
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arnie's Avatar
 
Posts: 801 since May 2010
Thanks: 709 given, 976 received


moses View Post
Hi all,

I'm trying to write some code for a money management method in powerlanguage, for example like this:

1. if drawdown goes above 15%, then exit all positions and stay out for 30 days

2. when the 30 days pass, enter again with a maximum of 4 positions, until drawdown returns to, say, 10%.

2a. if drawdown returns to 15%, do the same.

2b. if drawdown increases to 25%, stop trading again for 30 days.
etc

The above is just a very rough idea.

I was wondering if such code, or any code related to money management, exists anywhere on the nets, or if anyone is willing to share their own.
It would be great if we could share some code here.

I am working on something simple now, when I get my head around it, I will post it here for reference by anyone pulling their hair like I am doing now!

moses

Hi.

In here you have a couple of strategies.
See if you find anyone that share some light on what you want to do.
TradersXchange • View forum - AutoTrade, Advisory, Strategy & Signal

Also, if you want to request an EL/PL code you should request it in here
https://futures.io/elite-circle/11130-want-your-easylanguage-indicator-created-free.html

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