Change a target profit in a trade

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  • 07/19/2017 at 6:44 PM #41103 quote
    Is
    Participant
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    Hi, I want a target profit equal to the EMA, and I want that the target change every candle as the EMA does. If the EMA is higher the target higher and if the EMA is lower the target lower.

    If I type: Set target profit EMA20

    The Target doesn`t change and I need that.

    Thanks for the help.

    07/20/2017 at 7:01 AM #41120 quote
    Pere
    Participant
    Veteran

    You can try to do this (not tested) in case, for example, of longs:

    mm=ExponentialAverage[20](close)
SELL AT mm STOP
    Nicolas thanked this post
    07/20/2017 at 12:06 PM #41153 quote
    Nicolas
    Keymaster
    Master

    or even that:

    tp = abs(close-average[20,1])
set target profit tp
    07/20/2017 at 12:44 PM #41156 quote
    JC_Bywan
    Moderator
    Master

    Petrus, assuming we talk about an ema not reached yet in the direction of more gains than with current close, I’d use “sell at mm limit” instead of “sell at mm stop”. And “sell at mm stop” could be a good way to dynamically preserve gains if the ema is above entry and on the side of lower gain than with current close.

    As you all talked in English in this topic in the Spanish forum (haha, gotcha Nicolas), I’ll move it from Spanish forum to English forum, thanks for your understanding.

    07/20/2017 at 12:52 PM #41157 quote
    Pere
    Participant
    Veteran

    Yes, you are right Noobywan. It depends if the EMA is above close or if you want to preserve gains.

    I didn’t see that this was the spanish forum, hahaha!

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Change a target profit in a trade


ProOrder: Automated Strategies & Backtesting

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This topic contains 4 replies,
has 4 voices, and was last updated by Pere
8 years, 7 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 07/19/2017
Status: Active
Attachments: No files
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