Tradestation risk model(last trade profit)

[rublizz]

Hi All,

I'm trying to code risk management with TS:
after unsuccessful trade increase contracts to buy.

Maybe someone have example?
Or can help how to find whether last trade was profitable or not?

 

[zt3k]

Hi All,

I'm trying to code risk management with TS:
after unsuccessful trade increase contracts to buy.

Maybe someone have example?
Or can help how to find whether last trade was profitable or not?

what have you tried?

 

[ManiGandan]

Hi,

Risk Management is something where you decrease the contracts(Not Increase) after an unsuccessful trade... and increasing contracts when there is a profitable trade...

Try the following code:

Var: MP(0), MyLastTradeProfit(0);
MP = Marketposition;

if MP = 0 and MP[1] <> 0 then begin
   if MP[1] = 1 then  MyLastTradeProfit = (ExitPrice(1) - EntryPrice(1)) * BigPointValue;
   if  MP[1] = -1 then MyLastTradeProfit = EntryPrice(1) - ExitPrice(1)* BigPointValue;
End;

Mani.