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Forums>StrategyQuant>General Discussion>allow Duplicate trades

  • #258587 |
    Oliver
    Customer
    117 Posts

    HI

    Is anybody using this function successfully in their trading. I can only consider using this function on a high risk scenario with small capital.

    Is it possible to limit the number of duplicate trades in any given signal or time period?

    thanks

     

     

     

     

    #258806
    tomas262
    Administrator
    1826 Posts

    Hello,

    currently you can only limit trades by a time range for example. But using AlgoWizard there can be a condition added into the strategy to limit overall lotsize open .

    Let’s say you trade 0.1 lot. You can setup a variable totalSize that increase its value with each new trade by 0.1 (AssignVariable action: totalSize = totalSize + 0.1)

    You can setup another variable called maxSizeAllowed and set to 0.5 for example.

    Finally add a condition line directly into your entry rules like “if totalSize < maxSizeAllowed AND Entry Rule ….”

    Using this a trade will be only open when the maxSizeAllowed is not reached

     

    There has to be also a condition that sets the totalSize back to 0 when Market position is Flat (no existing open position)

    Let me know if any help needed with this

     

    #258811
    Customer
    793 Posts

    but “allow duplicate trades” means a little different thing – its in the order types building blocks and by setting in true it means, that if entry condition is met, new order is placed

    its not a question of some scaling the next positions…you can have 2 buys opened, or buy and sell…its about the logic of the strategy

    and no i am not using this method – its leading only to overtrading – only my opinion

    You want to be a profitable algotrader? We started using StrateQuant software in early 2016. For now we have a very big knowhow for building EAs for every possible types of markets. We share this knowhow, apps, tools and also all final strategies with real traders. If you want to join us, fill in the FORM. 1500+ final SQX strategies for members running on demo accounts to verify the edge DEMO ACCS. We provide also strategies for indices - DAX, DOW JONES, NASDAQ, SP, UK, because we have realtick data from our brokers.

    #258861
    tomas262
    Administrator
    1826 Posts

    Yes, but with duplicate trades enabled you can easily get into a situation like shown on the screenshot attached.

    To bypass doing what I suggested you can easily use the “Market position size” function to limit max total size of multiple trades being open

     

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    #258868
    Customer
    793 Posts

    i know what could happen with playing with MM when user doesnt know what he is doing – martingale, risking fixed%, etc.

    who knows what oliver wants exactly and why…

    You want to be a profitable algotrader? We started using StrateQuant software in early 2016. For now we have a very big knowhow for building EAs for every possible types of markets. We share this knowhow, apps, tools and also all final strategies with real traders. If you want to join us, fill in the FORM. 1500+ final SQX strategies for members running on demo accounts to verify the edge DEMO ACCS. We provide also strategies for indices - DAX, DOW JONES, NASDAQ, SP, UK, because we have realtick data from our brokers.

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