Target profit doesn't work

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08/09/2018 at 10:10 AM #77836 quote

Icoops
Participant

New

Hi together, I use the target profit often but this time it doesn’t work and i can’t understand why.. Perhaps somebody can check if this code seems to be okay?

08/09/2018 at 10:10 AM #77837 quote
Icoops
Participant

New
```
period = 15
LMA=2*weightedaverage[period](close)-average[period](close)
once support=low
once resistance=high
smoothLMA=weightedaverage[period](LMA)
IF LMA crosses over smoothLMA THEN
   support=lowest[period](low)
ENDIF
IF LMA crosses under smoothLMA THEN
   resistance=highest[period](high)
ENDIF
support=min(low,support)
resistance=max(high,resistance)
IF NOT LongOnMarket AND CLOSE > resistance[15] THEN
   BUY 1 CONTRACTS AT MARKET
ENDIF
IF NOT ShortOnMarket AND CLOSE < support[15] THEN
   SELLSHORT 1 CONTRACTS AT MARKET
ENDIF
SET TARGET PROFIT 10
SET STOP LOSS 30
```
08/09/2018 at 10:16 AM #77838 quote

robertogozzi
Moderator

Master

On which instrument and TF are you running it?

08/09/2018 at 10:22 AM #77840 quote

Icoops
Participant

New

I’m using it on USD/EUR

08/09/2018 at 11:06 AM #77844 quote

Nicolas
Keymaster

Master

TARGET PROFIT 10 means that you want your profit to be set at your openprice + 10, while it should be at openprice + 0.0010 (10 pips).
The perfect solution would be to use PPROFIT and not PROFIT, because PPROFIT automatically convert the desired points with the point size of the current instrument.
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Target profit doesn't work

ProOrder: Automated Strategies & Backtesting

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Icoops @icoops Participant

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This topic contains 4 replies,
has 3 voices, and was last updated by Nicolas
7 years, 6 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	08/09/2018
Status:	Active
Attachments:	No files

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