Target profit does not work

LouRichard · 2019-10-20T16:12:14+00:00

Hello, I use the following code but the target profit does not work I don’t understand why itarget = fibo0+irange*1.618 istop = fibo0-2*pointsize buy n contract at market set stop loss istop set target profit itarget graph itarget as "itarget buy"

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10/20/2019 at 5:12 PM #110647 quote
LouRichard
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Veteran
Hello,

I use the following code but the target profit does not work I don’t understand why
```
itarget = fibo0+irange*1.618
istop = fibo0-2*pointsize

buy n contract at market

set stop loss istop
set target profit itarget

graph itarget as "itarget buy"
```
10/20/2019 at 5:55 PM #110650 quote

Vonasi
Moderator

Master

LouRichard – Please always use the ‘Insert PRT Code’ button when posting code as it makes it much easier for others to read. I will tidy up your post for you! 🙂

10/20/2019 at 5:59 PM #110651 quote

Vonasi
Moderator

Master

Without knowing what the values of fibo0 and irange are it is impossible to say but at a guess I would say you are probably calculating a price to sell at rather than a distance to sell at. SET STOP and SET TARGET require a distance in pips (or a distance in percentage if using %LOSS and %TARGET).

10/20/2019 at 6:44 PM #110653 quote

LouRichard
Participant

Veteran

Hello Vonasi,

Thanks for your reply and the mod on my code.

Ok I understand my error it is because I try to sell at a value and not a distance

Thanks

10/20/2019 at 7:34 PM #110660 quote

Vonasi
Moderator

Master

What a guess! 🙂
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