Automated Trading

[bluenote]

Button ?

Hi Doji and Alexis....

Ok....so my understanding is that it is NOT possible to scale out of positions while in automation mode.

As a kind of workaround. Is it possible to create a button that can turn the efs off and on easily ?

The idea is that if the need arose to scale out, I could just disable/turn off the EFS and manage it manually. Then turn it back on for the next signal.

I know the efs can be removed and reloaded by right clicking....but a button written into the efs that does this on one click would be great !


Thanks a lot !

BlueNote

[Doji3333]

Blue,

Sure you can scale out of a position (in any way you want). There is no real limit as to the complexity of your trading system with EFS - you just have to control all the logic correctly.

Here, let me show you how you would use a scaling system (with stops and one PT level - as well as the buttons...

This code includes 2 PT levels, one STOP level, an ONOFF button and a STATUS button (for display purposes). It is all developed within EFS to use the IBBroker feature - for automated trading.

As you can see, it is not super difficult to accomplish these things. I have a set type of parameters that I use to control the actions of my systems. This is a great example of how I do it.

B

var DefEntryContracts = 50;
var OpenContracts = 0;

var PTLevel1 = 0.25;
var PTLevel2 = 0.50;

var ExitContracts1 = 25;
var ExitContracts2 = 25;

//  System Variables - DO NOT CHANGE!
var nStopPrice = 0;
var nPTStage = 0;
var nEntryPrice = null;


function preMain() {
}


function main() {

if (getCurrentBarIndex() == 0) {  //  current RT bar

//  Buy Signal Entry Triggers
if ((!StrategyisLong) && (BuySignalNow)) {
    if (StrategyisShort) {
      IBtrade.Buy(getSymbol(), (DefEntryContracts+OpenContracts), IBBroker.MARKET); 
    } else {
      IBtrade.Buy(getSymbol(), (DefEntryContracts), IBBroker.MARKET); 
   }
    StrategyisLong = true;
    StrategyisShort = false;
    StrategyisInTrade = true;
    nStopPrice = Math.min(low(-1),low(-2),low(-3));
    nPTStage = 0;
    nEntryPrice = close();
    OpenContracts = DefEntryContracts;
}

//  Sell Signal Entry Triggers
if ((!StrategyisShort) && (SellSignalNow)) {
   if (StrategyisLong) {
     IBtrade.Sell(getSymbol(), (DefEntryContracts+OpenContracts), IBBroker.MARKET); 
   } else {
     IBtrade.Sell(getSymbol(), (DefEntryContracts), IBBroker.MARKET); 
   }
    StrategyisLong = false;
    StrategyisShort = true;
    StrategyisInTrade = true;
    nStopPrice = Math.max(high(-1),high(-2),high(-3));
    nPTStage = 0;
    nEntryPrice = close();
    OpenContracts = DefEntryContracts;
}



//  Test for stops....
if ((StrategyisLong) && (close() < nStopPrice)) {
     IBtrade.Sell(getSymbol(), OpenContracts, IBBroker.MARKET); 
    StrategyisLong = false;
    StrategyisShort = false;
    StrategyisInTrade = false;
    OpenContracts = 0;
}
if ((StrategyisShort) && (close() > nStopPrice)) {
     IBtrade.Buy(getSymbol(), OpenContracts, IBBroker.MARKET); 
    StrategyisLong = false;
    StrategyisShort = false;
    StrategyisInTrade = false;
    OpenContracts = 0;
}


//  Test for PT Level 1 hit
if ((StrategyisLong) && (close() >= (nEntryPrice+PTLevel1)) && (nPTStage == 0)) {
     IBtrade.Sell(getSymbol(), ExitContracts1 , IBBroker.MARKET); 
    nPTStage += 1;
    OpenContracts -= ExitContracts1 ;
}
if ((StrategyisShort) && (close() <= (nEntryPrice-PTLevel1)) && (nPTStage == 0)) {
     IBtrade.Buy(getSymbol(), ExitContracts1, IBBroker.MARKET); 
    nPTStage += 1;
    OpenContracts -= ExitContracts1 ;
}

//  Test for PT Level 2 hit
if ((StrategyisLong) && (close() >= (nEntryPrice+PTLevel2)) && (nPTStage == 1)) {
     IBtrade.Sell(getSymbol(), ExitContracts2 , IBBroker.MARKET); 
    nPTStage += 1;
    OpenContracts -= ExitContracts2 ;
}
if ((StrategyisShort) && (close() <= (nEntryPrice-PTLevel2)) && (nPTStage == 1)) {
     IBtrade.Buy(getSymbol(), ExitContracts2, IBBroker.MARKET); 
    nPTStage += 1;
    OpenContracts -= ExitContracts2 ;
}

// Catcher for closing all contracts/shares
if (OpenContracts == 0) {
    StrategyisLong = false;
    StrategyisShort = false;
    StrategyisInTrade = false;
}

//  Draw Buttons....
  DrawButtons();

}  //  end of getCurrentBarIndex()

} // end of main()


function DrawButtons() {
   // status code
    if (StrategyisLong) {
      drawTextPixel(165,35, " + LONG "+OpenContracts+" + " , Color.black, Color.RGB(0xE0, 0xFF, 0xE0), Text.FRAME | Text.ONTOP | Text.RELATIVETOLEFT | Text.RELATIVETOBOTTOM, null, null, "Status");
    } else if (StrategyisShort) {
      drawTextPixel(165,35, " - SHORT "+OpenContracts+" - " , Color.black, Color.RGB(0xFF, 0xE0, 0xE0), Text.FRAME | Text.ONTOP | Text.RELATIVETOLEFT | Text.RELATIVETOBOTTOM, null, null, "Status");
    } else {
      drawTextPixel(165,35, " = FLAT = " , Color.black, Color.RGB(0xE0, 0xE0, 0xFF), Text.FRAME | Text.ONTOP | Text.RELATIVETOLEFT | Text.RELATIVETOBOTTOM, null, null, "Status");
    }
    
   //  trading system code
     if (TradingSystemONOFF) {
      drawTextPixel(165,15, " System ON "+ "@URL=EFS:ONOFFButton" , Color.black, Color.RGB(0xE0, 0xFF, 0xE0), Text.FRAME | Text.ONTOP | Text.RELATIVETOLEFT | Text.RELATIVETOBOTTOM, null, null, "Stats11");
     } else {
      drawTextPixel(165,15, " System OFF "+ "@URL=EFS:ONOFFButton" , Color.black, Color.RGB(0xFF, 0xE0, 0xE0), Text.FRAME | Text.ONTOP | Text.RELATIVETOLEFT | Text.RELATIVETOBOTTOM, null, null, "Stats11");
     }
}


function ONOFFButton()
{
      Alert.playSound("tap1.wav");
     if (TradingSystemONOFF) { TradingSystemONOFF = false; }
   else { TradingSystemONOFF = true; }
     if (TradingSystemONOFF) {
     drawTextPixel(165,15, " System ON "+ "@URL=EFS:ONOFFButton" , Color.black, Color.RGB(0xE0, 0xFF, 0xE0), Text.FRAME | Text.ONTOP | Text.RELATIVETOLEFT | Text.RELATIVETOBOTTOM, null, null, "Stats11");
     } else {
     drawTextPixel(165,15, " System OFF "+ "@URL=EFS:ONOFFButton" , Color.black, Color.RGB(0xFF, 0xE0, 0xE0), Text.FRAME | Text.ONTOP | Text.RELATIVETOLEFT | Text.RELATIVETOBOTTOM, null, null, "Stats11");
     }
}