Target profit doesn't work

Icoops · 2018-08-09T09:10:02+00:00

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?

Viewing 5 posts - 1 through 5 (of 5 total)

Author

Posts
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

Legend

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

Legend

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.
Author

Posts