Opening only opposite direction after taking profit

• 07/16/2020 at 7:31 PM #139445
  Francesco

  Hi guys, i would like to know how it’s possible to open positions only in the opposite direction after a profit target.

  For example, i am long on market and the position close after hitting an x profit target. I want that the next position opened is only a short one excluding every long signal.

  How can i do this? Thanks.

  

  Francesco

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  07/16/2020 at 8:22 PM #139446
  robertogozzi

  Try this one:

  Defparam CumulateOrders = false Once TradeLong = 1 Once TradeShort = 1 If StrategyProfit > StrategyProfit[1] Then If LongOnMarket[1] Then TradeLong = 0 TradeShort = 1 Else TradeLong = 1 TradeShort = 0 Endif Endif If MyLongConditions and Not OnMarket and TradeLong Then BUY .... Endif If MyShortConditions and Not OnMarket and TradeShort Then SELLSHORT .... Endif

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  Defparam CumulateOrders = false Once TradeLong  = 1 Once TradeShort = 1 If StrategyProfit > StrategyProfit[1] Then    If LongOnMarket[1] Then       TradeLong  = 0       TradeShort = 1    Else       TradeLong  = 1       TradeShort = 0    Endif Endif If MyLongConditions and Not OnMarket and TradeLong Then    BUY .... Endif If MyShortConditions and Not OnMarket and TradeShort Then    SELLSHORT .... Endif

   

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  Francesco

  

  robertogozzi

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  07/16/2020 at 11:50 PM #139461
  Francesco

  It works but refers to the strategyprofit, so it doesn’t open more then 1 position per day.

  I want it to react to the reaching of the target profit level.

  Is that possible?

  

  Francesco

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  07/17/2020 at 12:06 AM #139462
  robertogozzi

  STRATEGYPROFIT has nothing to do with days, it is updated as soon as any trade closes, if 10 trades a day close, then 10 times a day it is updated.

   

  

  robertogozzi

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  07/17/2020 at 12:33 AM #139464
  Francesco

  I managed to fix by editing these lines

  If LongOnMarket Then set target %profit 0.3 TradeLong = 0 TradeShort = 1 Endif If ShortOnMarket Then set target %profit 0.3 TradeLong = 1 TradeShort = 0 Endif

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  If LongOnMarket Then set target %profit 0.3 TradeLong  = 0 TradeShort = 1 Endif   If ShortOnMarket Then set target %profit 0.3 TradeLong  = 1 TradeShort = 0 Endif

  in order to have it also for both directions

  

  Francesco

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