SQX / Algowizard / Bug with MM and price level
I experienced a bug with the money MM in algowizard.
But it only happens, if you set a price level! as SL value. I almost get for every currency symbol (and CFD) different MM results. Sometimes it works, sometimes not. So you can check for yourself.
Simply set a STOPLOSS price level, f.e. 1% below market price and use 100% risked money. Then check the risked money for different symbols EURUSD, CADCHF, ... (SL is hit). It should be 1% of balance/equity. But it is totally different. Sometimes risked money is lot more in size. Sometimes less. Sometimes in between. Also CFD's are different. I tried to find a root cause, (contract size, conversation of currency rates,etc.) but I could not find any logic in this error.
If I use fixed pip as STOPPLOSS for example -> the money MM works fine for all currency pairs and CFD's.
So probably nobody used it before and tested this way.
Happy findings...
Regards,
Christian
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Votes 0
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Project StrategyQuant X
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Type Bug
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Status Refused
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Priority Low
History
ChrisWhite
10.02.2021 17:55Attachment Generic_Entry_Exit_Manual_Strategy_007_TP_SL.sqx added
here it is.
If've preset CADCHF as pair. Internal SL-Value = 1% of opening price (see formular). Then (for showing the bug) RISK fixed% of balance and Risk in %=100%.
StoppLoss variates from $37 to $46 in list of trades. (1% risk of initial balance of $10.000 should be $100)
My goal is to set x% of balance independent of the symbol, that I've choosen.
Thanks for your appreciated help!
Good day.
Christian
Tomas Brynda
11.02.2021 14:34Status changed from Waiting for information to Refused
I took a look at your strategy and there are two problems:
- You can't use OrderOpenPrice block in order's SL and PT field, because at that time the order is not opened yet (SL and PT are calculated beforehand) and it returns 0. Use bid/ask instead
- The MM calculation is based on the SL. If you want to risk 1% of account per trade, you just set 1% risk in MM settings and don't care about the SL. The position size will be calculated automatically according to your MM settings
Best regards,
Tomas
ChrisWhite
12.02.2021 14:32thanks for support and quick response.
That will help!
Nice weekend.
Christian
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can you attach the problematic strategy?