How does SET TARGET PROFIT 0 work ?

anikrish · 2018-06-09T02:23:14+00:00

Hi All, I’m trying to change my target to break even if my trade goes against the entry. In such cases, is it safe to use SET TARGET PROFIT 0 ? When I use SET TARGET PROFIT 0.5*pipsize the backtest results are drastically different. Can anyone shed some light on this ? Thanks, Anish

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06/09/2018 at 3:23 AM #72684 quote

anikrish
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Hi All,

I’m trying to change my target to break even if my trade goes against the entry. In such cases, is it safe to use SET TARGET PROFIT 0 ?

When I use SET TARGET PROFIT 0.5*pipsize the backtest results are drastically different.

Can anyone shed some light on this ?

Thanks,

Anish

06/09/2018 at 7:27 AM #72685 quote

GraHal
Participant

Master

Hi anikrish

Check this out

https://www.prorealcode.com/topic/boosting-your-profits-set-target-profit-0-but-how-it-works/

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06/09/2018 at 7:51 AM #72686 quote

Vonasi
Moderator

Master

Hello anikrish. Welcome to the forums. This topic is really a ProOrder Autotrading question so I have moved it to that thread.

You may also be interested in this topic that I started – and for which it appears a final answer was never found. I guess the answer is don’t use SET Stop Loss with a value of zero as it does not work (unless someone has fixed it and it now does cancel the stop order like it says it should do in the PRT documentation).

SET value at zero weird results.

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06/09/2018 at 10:26 PM #72740 quote

anikrish
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Thank you both.. I will avoid SET Stop Loss with a value of zero
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How does SET TARGET PROFIT 0 work ?

ProOrder: Automated Strategies & Backtesting

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anikrish @anikrish Participant

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This topic contains 3 replies,
has 3 voices, and was last updated by anikrish
8 years, 3 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	06/09/2018
Status:	Active
Attachments:	No files