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Trade Bot
Trade Bot
the execute_trade function to include the trade size calculation based on your
account balance and risk management strategy. Here's an example of how to do that:
python
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# Define trade execution function
def execute_trade(signal):
# Get current market price
params = {
'instruments': currency_pair
}
prices = client.pricing.get(params=params)['prices']
price = prices[0]['closeoutAsk'] if signal == 'buy' else prices[0]
['closeoutBid']
# Execute trade
if signal == 'buy':
order = orders.OrderCreate(accountID=account_id, data=order_params)
response = client.request(order)
print(response)
elif signal == 'sell':
order_params['units'] = -order_params['units']
order = orders.OrderCreate(accountID=account_id, data=order_params)
response = client.request(order)
print(response)
else:
print('No trade executed')
In this modified version of the function, we added a call to calculate_trade_size
to calculate the trade size based on the account balance and risk management.
Here's the code for the
python
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def calculate_trade_size(price, account_balance, risk):
# Calculate the maximum amount of capital to risk per trade
max_risk_capital = account_balance * risk
# Calculate the amount of pips between the entry price and stop loss
stop_loss_pips = abs(price - (price - df['lower_band'].iloc[-1]) * 0.1)
return position_size
This function takes the current market price (price), the account balance
(account_balance), and the risk management factor (risk) as inputs and returns the
position size in units. The position size is calculated based on the maximum amount
of capital to risk per trade, the number of pips between the entry price and stop
loss, and the desired risk per trade.
With this modified code, you can execute trades with a risk management of 70% by
calling the execute_trade function with the appropriate signal ('buy' or 'sell').
Keep in mind that the actual risk of the trade may vary depending on the slippage
and execution speed of the trade. It's also important to monitor your account
balance and adjust the trade size accordingly to maintain a consistent level of
risk per trade.