how to code takeprofit and stoploss?

CHIFHE · 2017-07-01T14:29:58+00:00

how do i write a code to take a profit on long when prices moves up 250 pips and on short 250 pips and then stop loss on both when prices moves against the trade 250. ratio is 1:1

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Posts
07/01/2017 at 3:29 PM #39546 quote

CHIFHE
Participant

Junior

how do i write a code to take a profit on long when prices moves up 250 pips

and on short 250 pips and then stop loss on both when prices moves against the trade 250.

ratio is 1:1

07/01/2017 at 4:38 PM #39554 quote
GraHal
Participant

Master
```
Set stop pprofit 250
Set stop ploss 250
```
07/01/2017 at 6:16 PM #39558 quote

CHIFHE
Participant

Junior

Thank you very much

07/01/2017 at 6:38 PM #39562 quote
CHIFHE
Participant

Junior
grahal, i am still having an error on my program, can you please assists
```
// Conditions to enter long positions
indicator1 = Cycle(close)
c1 = (indicator1 CROSSES OVER -20)
indicator2 = CCI[20]
c2 = (indicator2 CROSSES OVER -100)
indicator3 = Cycle(close)
c3 = (indicator3 CROSSES OVER 0)

IF c1 OR c2 OR c3 THEN
BUY 2 CONTRACT AT MARKET
ENDIF

// Conditions to exit long positions
Set stop Pprofit 250
Set stop ploss 250



endif

// Conditions to enter short positions
indicator5 = Cycle(close)
c5 = (indicator5 CROSSES UNDER 20)
indicator6 = CCI[20]
c6 = (indicator6 CROSSES UNDER 100)
indicator7 = Cycle(close)
c7 = (indicator7 CROSSES UNDER 0)

IF c5 OR c6 OR c7 THEN
SELLSHORT 2 CONTRACT AT MARKET
ENDIF

// Conditions to exit short positions
Set stop Pprofit 250
Set stop ploss 250

ENDIF
```
07/01/2017 at 9:33 PM #39565 quote

GraHal
Participant

Master

You’ve got two IFs and 4 EndIfs … is that the problem?

Also please use the <> Insert PRT Code button to add code to this page as then your code will be formatted and also in colour and will then be so much easier to read 🙂

Nicolas thanked this post

07/03/2017 at 9:21 AM #39646 quote

Nicolas
Keymaster

Legend

GraHal is right, your 2 ENDIF at lines 19 and 37 should not be present.

07/03/2017 at 12:05 PM #39675 quote

CHIFHE
Participant

Junior

Thanks guys, now is perfect. I appreciate your help.

07/03/2017 at 12:51 PM #39681 quote
GraHal
Participant

Master
Also it should be (target not stop) my mistake, sorry.
```
Set target pprofit 250

 
```
07/03/2017 at 1:25 PM #39691 quote

GraHal
Participant

Master

What Market and Timeframe is this Strategy optimised for please CHIFHE? I’m developing an affinity for it now! 🙂

Thanks
GraHal

07/03/2017 at 1:50 PM #39698 quote

CHIFHE
Participant

Junior

is SA40 Grahal, I was doing trial and error on it. May be you can help to achieve more that 65 % on back testing it. is a 2hrs time frame.

Regards
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how to code takeprofit and stoploss?

ProOrder: Automated Strategies & Backtesting

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CHIFHE @tshivhmc1 Participant

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This topic contains 9 replies,
has 3 voices, and was last updated by CHIFHE
9 years, 2 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	07/01/2017
Status:	Active
Attachments:	No files