How to exit in the next period if at profit target

• 05/12/2016 at 2:47 AM #6850
  Dave Charles

  Hi,

  I am wanting to create a code so that the profit target must be reach in the next period.

  I am having problems with the backtesting showing that a trade was successful because the trigger bar was long enough that the profit target was within the trigger bar, even though the market didn’t trade there after the order was triggered.

   

  Thanks! I really appreciate it!

  Here is the code I have currently..

  if not shortonmarket then sellshort 15 share at shortLevel limit endif if not longonmarket then buy 15 share at longLevel limit endif set stop ploss stoploss set target pPROFIT profi endif

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  if not shortonmarket then sellshort 15 share at shortLevel limit endif if not longonmarket then buy 15 share at longLevel limit endif set stop ploss stoploss set target pPROFIT profi endif

   

  

  Dave Charles

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  05/12/2016 at 3:00 AM #6852
  Dave Charles

  sorry I think there was a problem with the code… Just to be sure

  if not shortonmarket then sellshort 15 share at shortLevel limit endif if not longonmarket then buy 15 share at longLevel limit endif set target pPROFIT profi set stop ploss stoploss endif

  1 2 3 4 5 6 7 8 9

  if not shortonmarket then sellshort 15 share at shortLevel limit endif if not longonmarket then buy 15 share at longLevel limit endif set target pPROFIT profi set stop ploss stoploss endif

   

  

  Dave Charles

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  05/12/2016 at 1:34 PM #6885
  Nicolas

  It’s a common “problem” with the tester. Because each conditions are only tested once per bar, the tester don’t have any idea of when the price has reach your short or long levels limit. And if your stoploss and takeprofit prices were include in the same bar, tester consider the takeprofit firstly.

  Also, when you use pPROFIT ou pLOSS you are defining point values, like 15 points for 0.0015 pips for forex pairs for example.

   

  

  Nicolas

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  05/16/2016 at 5:35 AM #7145
  Dave Charles

  Awesome thanks Nicholas for your help.

   

  

  Dave Charles

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