To Jforex Support,

I want to make the a modification in my strategy which is as follows :

If a trade closes in loss, its closing price should be stored in a variable, say x. The next trade should open only if it crosses x. If it results in a loss, then the next trade should also open only if it crosses x. The value of x can change only if a trade results in profit.

For example, if a EURUSD BUY trade results in a loss and closes at 1.3200, this value should be stored in a variable. The next trade should be taken only if it crosses 1.3200. If it results in loss too, then the next trade should also open only if it crosses 1.3200. This value of 1.3200 should remain unchanged until there is profitable trade.

I used the following approach :

public void onMessage(IMessage message) throws JFException {
        if (message.getType() == IMessage.Type.ORDER_CLOSE_OK && message.getOrder().getState() == IOrder.State.CLOSED)
       {
        lastorderclosed = message.getOrder();
        if (lastorderclosed.getProfitLossInUSD() < 0)
       {
        ......................}
       else
       {
        ......................}
       }
       }

Kindly suggest how I should make this modification.

Regards,

Jimmy.

Which part is not clear to you how to realize?

To Jforex Support,

I know how to fetch the closing price of the last order closed and open the current trade if it crosses it. But I don't know how to fetch the closing price of the first trade that resulted in a loss and open the subsequent trades with respect to it.

In other words, I know how to open the first trade. And I know how to open the second trade which depends on the closing price of the first trade. But I don't know how to open the third and subsequent trades which depend on the closing price of the first trade. How should I fetch the closing price of the first trade to open the third and subsequent trades?

Simply fetch the first closed order in a field (i.e. global variable) and for subsequent orders take its close price.

private IOrder firstClosedOrder;

public void onStart(IContext context) throws JFException{
//...
}
public void onMessage(IMessage message) throws JFException {
    if (message.getType() == IMessage.Type.ORDER_CLOSE_OK && message.getOrder().getState() == IOrder.State.CLOSED) {
        if(firstClosedOrder== null){
             firstClosedOrder = message.getOrder();
             console.getOut().println("first closed order: " + firstClosedOrder);
        } else {
             console.getOut().println("subsequent closed order: " + message.getOrder() + " \n first order close price: " + firstClosedOrder.getClosePrice());
        }
        
    }
}

But this method that you suggested will save the closing price of only the very first order after starting the strategy. But what I wanted was that the closing price of only the first order that results in a loss should be saved. And this value will be replaced by the closing price of the first trade which results in a loss after a profitable trade. This means that the first loss-making trade closed after a profitable trade will become the first trade for the subsequent trades.

Let me give you an example.

- First trade - Profitable - Closing price not saved

- Second trade - Loss-making - CLOSING PRICE SAVED
- Third trade - Opened if it crosses the saved closing price - Loss-making - Closing price not saved
- Fourth trade - Opened if it crosses the saved closing price - Loss-making - Closing price not saved
- Fifth trade - Opened if it crosses the saved closing price - Profitable - Closing price not saved
- Sixth trade - Opened if it crosses the saved closing price - Profitable - Closing price not saved

- Seventh trade - Loss making - CLOSING PRICED SAVED BY REPLACING THE PREVIOUSLY SAVED PRICE
- Eighth trade - Opened if it crosses the saved closing price - Profitable - Closing price not saved
..............

I hope now it is now clear what is my strategy. Could you plz tell me how to save the closing price of the first loss-making trade and then replace it with the closing price of the first loss-making trade after a profitable trade?

I request Jforex Support to plz give me a suggestion.

I've not compiled the following but this here is the general idea.

// initialise to 'true' if non-existent first trade closed in profit i.e. store first loser
// initialise to 'false' if non-existent first trade closed in loss i.e. wait for first profit before storing first loser
private boolean profitableCloseBooked = true;

// losing close following a profitable close
private IOrder savedLosingClose = null;

public void onStart(IContext context) throws JFException{
//...
}

public void onMessage(IMessage message) throws JFException
{
   if(message.getType() == IMessage.Type.ORDER_CLOSE_OK && message.getOrder().getState() == IOrder.State.CLOSED)
   {
      if(message.getOrder().getProfitLossInUSD() < 0)
      {
         if(profitableCloseBooked == true)
         {
            console.getOut().println("Losing trade booked with save: " + message.getOrder());
            console.getOut().println("and replacing current saved loser: " + savedLosingClose);
            savedLosingClose = message.getOrder();
            profitableCloseBooked = false;
         }
         else
         { 
            console.getOut().println("Losing trade booked without save: " + message.getOrder());
         }
      }
      else // considers getProfitLossInUSD() >= 0 to be profit unless the above check is changed to '<=0'
      {
         profitableCloseBooked = true;
         console.getOut().println("Profitable trade booked: " + message.getOrder());
      }
   }
}