Calculating weekly strategy profit

Juan Salas · 2017-12-27T17:46:11+00:00

Hi all, I am working on a code that work from Monday to Friday. I will open on Monday and will close on Friday unless the code reach x profit or y losses. To modify the strategyprofit for just one day, Roberto showed a nice piece of code that I have just changed to a weekly strategy profit. I just wanted to have confirmation that it is correct. // STRATEGYPROFIT per WEEK. It resets the variable each new week IF dayofweek=1 AND INTRADAYBARINDEX = 0 THEN stratprofit = STRATEGYPROFIT //saves the previous week Profit nomoretrading = 0 ENDIF //Finishing WEEKLY operations when reaching target profit/loss IF (STRATEGYPROFIT-stratprofit)>=100 THEN //current week's profit SELL AT MARKET EXITSHORT AT MARKET nomoretrading=1 ENDIF IF (STRATEGYPROFIT-stratprofit)<=-100 THEN //current week's loss SELL AT MARKET EXITSHORT AT MARKET nomoretrading=1 ENDIF Thanks, Juan

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12/27/2017 at 6:46 PM #56675 quote
Juan Salas
Participant

Master
Hi all,

I am working on a code that work from Monday to Friday. I will open on Monday and will close on Friday unless the code reach x profit or y losses.

To modify the strategyprofit for just one day, Roberto showed a nice piece of code that I have just changed to a weekly strategy profit. I just wanted to have confirmation that it is correct.
```
// STRATEGYPROFIT per WEEK. It resets the variable each new week
IF dayofweek=1 AND INTRADAYBARINDEX = 0 THEN
stratprofit = STRATEGYPROFIT //saves the previous week Profit
nomoretrading = 0
ENDIF

//Finishing WEEKLY operations when reaching target profit/loss
IF (STRATEGYPROFIT-stratprofit)>=100 THEN //current week's profit
SELL AT MARKET
EXITSHORT AT MARKET
nomoretrading=1
ENDIF

IF (STRATEGYPROFIT-stratprofit)<=-100 THEN //current week's loss
SELL AT MARKET
EXITSHORT AT MARKET
nomoretrading=1
ENDIF
```
Thanks,

Juan
12/27/2017 at 7:18 PM #56678 quote
robertogozzi
Moderator

Legend
The logic is fine, in case line 2 doesn’t work as expected try
```
IF Opendayofweek=1 AND INTRADAYBARINDEX = 0 THEN
```
You only have to demo it!

Juan Salas and Nicolas thanked this post
12/27/2017 at 7:22 PM #56682 quote

Juan Salas
Participant

Master

Hi Roberto,

Thanks again. I will try your option in case does not work.

Regards,

Juan
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