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profit target calc

Real Pro · 2017-09-26T06:21:47+00:00

Hi, How would I code the following please? On the bar that the BUY is triggered, calculate x = (close-open). Then make the pprofit = x. Thanks.

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ProOrder: Automated Strategies & Backtesting
profit target calc

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09/26/2017 at 7:21 AM #47321 quote

Real Pro
Participant

Average

Hi,

How would I code the following please?

On the bar that the BUY is triggered, calculate x = (close-open).

Then make the pprofit = x.

Thanks.

09/26/2017 at 7:53 AM #47327 quote

juanj
Participant

Master

Hi Real Pro

With such tight profit range it look like youa re coding a scalper?

The bar the trade was opened can be calculated using (barindex-tradeindex). Thus you can use something like;

TriggerBar = (barindex-tradeindex)

TriggerRange = ABS(Close[TriggerBar] – Open[TriggerBar])

Set Target pProfit = TriggerRange

09/26/2017 at 8:17 AM #47333 quote

Real Pro
Participant

Average

Hi Juan, thanks. I’m using on 5 minute bars, so not really scalping as such. The trigger bar is a big breakout bar.

I copy/pasted as presented above and it gave me an error. Does it require some rejigging?
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profit target calc

ProOrder: Automated Strategies & Backtesting

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This topic contains 2 replies,
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Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	09/26/2017
Status:	Active
Attachments:	No files

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profit target calc

Stuck on this ProBuilder code?

profit target calc ProOrder: Automated Strategies & Backtesting

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profit target calc

ProOrder: Automated Strategies & Backtesting