help coding Breakeven and Quit

• 07/16/2020 at 11:06 AM #139419
  rama

  I am using the following code which is from the pro real time another post.
  I want to quit my system once it is moved break even.
  I have added the quit code it works sometime and sometimes not.
  just i want to make sure breakeven is set before quit if breakevel level is reached
  *****************

  break even code

  DEFPARAM CumulateOrders = False buy .2 contract at low[3]+2 stop set stop loss 45 startBreakeven = 11 //how much pips/points in gain to activate the breakeven function? PointsToKeep = 1 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) startBreakeven1 = 11.5 //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice+PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF longonmarket and breakevenLevel>0 THEN SELL AT breakevenLevel STOP if close-tradeprice>=startBreakeven1*pipsize then quit endif ENDIF IF shortONMARKET AND tradeprice-close>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice-PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 and shortonmarket then exitshort AT breakevenLevel STOP if tradeprice-close>=startBreakeven1*pipsize then quit endif ENDIF

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  DEFPARAM CumulateOrders = False buy  .2 contract at low[3]+2 stop set stop loss 45 startBreakeven = 11 //how much pips/points in gain to activate the breakeven function? PointsToKeep = 1 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) startBreakeven1 = 11.5 //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF   // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice+PointsToKeep*pipsize ENDIF   //place the new stop orders on market at breakevenLevel IF longonmarket and  breakevenLevel>0 THEN SELL AT breakevenLevel STOP   if close-tradeprice>=startBreakeven1*pipsize then quit endif ENDIF   IF shortONMARKET AND tradeprice-close>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice-PointsToKeep*pipsize ENDIF   //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 and shortonmarket then exitshort AT breakevenLevel STOP   if  tradeprice-close>=startBreakeven1*pipsize then quit endif ENDIF

   

  

  rama

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  07/16/2020 at 11:20 AM #139420
  rama

  I will be using when trading system is stopped my order will remain open the idea , moved to breakeven and avoid any loss when it is in profit

  

  rama

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  07/16/2020 at 12:01 PM #139421
  robertogozzi

  Give your topic a meaningful title. Describe your question or your subject in your title. Do not use meaningless titles such as ‘Coding Help Needed’ (code help in your case).

  Thank you 🙂

  ************************************

  Try adding:

  GraphOnPrice breakevenLevel     coloured(128,0,0,255) as "BreakEven" GraphOnPrice (close-tradeprice) coloured(0,255,0,255) as "LongPROFIT" GraphOnPrice (tradeprice-close) coloured(0,0,255,255) as "ShortPROFIT"

  1 2 3

  GraphOnPrice breakevenLevel     coloured(128,0,0,255) as "BreakEven" GraphOnPrice (close-tradeprice) coloured(0,255,0,255) as "LongPROFIT" GraphOnPrice (tradeprice-close) coloured(0,0,255,255) as "ShortPROFIT"

  at the end of your code to monitor, on the price chart, the three values retained each bar.

   

   

  

  robertogozzi

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  07/16/2020 at 12:55 PM #139424
  rama

  My code works fine as long I use no quit function

  I wan to quit once order is moved to break even

  

  rama

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