Long until target profit

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  • 07/09/2016 at 10:29 AM #10346 quote
    wolf
    Participant
    Junior

    Please help, I need it so when my code goes long, it stays long until a target profit is achieved. My code at the moment will go long but then will be overridden by a short whenever the terms for going short are met but this is wrong.

    Please help, thanks

    Picture of scenario: https://gyazo.com/31e89bfce217cd811ad21430e27a9404

    defparam preloadbars = 150
defparam CUMULATEORDERS = false


indicator1 = ExponentialAverage[20](close)
indicator2 = ExponentialAverage[100](close)


//buy condition
cBuy = (high CROSSES OVER indicator1)

//sell condition
cSell = (indicator1 CROSSES over indicator2)

//stop loss and take profit

set target $profit 1000



If cbuy then
sellshort 11 perpoint at market
endif

If csell then
exitshort at market
endif

if csell then
buy 11 perpoint at market
endif

if cbuy then
sell at market
endif
    07/09/2016 at 10:55 PM #10367 quote
    David
    Participant
    Veteran

    You should include the following:

    If NOT LONGONMARKET/SHORTONMARKET THEN…

    eg.

    If NOT LONGONMARKET AND cbuy then
sellshort 11 perpoint at market
endif

And vice virsa for a long entry.

This way they won't cancel each other out.
    07/15/2016 at 7:49 PM #10495 quote
    Derek
    Participant
    Veteran

    In addition to dwgfx comment you can also run two different systems: one for short positions and one for long positions.

    This “costs” you an additional slot of your maximum number of trading Systems but you can also optimize both types of trades completely separate.

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Long until target profit


ProOrder: Automated Strategies & Backtesting

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wolf @wolf Participant
Summary

This topic contains 2 replies,
has 3 voices, and was last updated by Derek
9 years, 7 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 07/09/2016
Status: Active
Attachments: No files
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