IF decisions using the order gain

• 04/04/2019 at 10:21 AM #95468
  Alun

  How do I use the gain on an order in an IF decision?

   

  

  Alun

  Participant

  Topics: 10

  Replies: 20

  Been thanked: 1 time
  04/04/2019 at 11:42 AM #95469
  Nicolas

  POSITIONPERF 

  The instruction POSITIONPERF(n) returns: The performance (ratio gain/cost of the position)

  So in order to use it in a condition you can do:

  if positionperf(0) > 0 then //we are in gain!! endif

  1 2 3

  if positionperf(0) > 0 then //we are in gain!! endif

   

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20866

  Been thanked: 4781 times
  04/05/2019 at 4:40 PM #95561
  Alun

  Hi thank you for your reply.

  When I have tried this it does not seem to work. I would like to exit greater than a gain value. Is this possible?

  

  Alun

  Participant

  Topics: 10

  Replies: 20

  Been thanked: 1 time
  04/05/2019 at 4:44 PM #95562
  Vonasi

  Alun– please do not double post. It just leads to wasted time and effort for those trying to help you if you post the same question in two places. I have deleted your other topic with an identical question.

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1811 times
  04/05/2019 at 6:32 PM #95580
  Vonasi

  You can do something like this:

  takeprofit = 1000 if longonmarket and (close - positionprice) * countofposition > takeprofit then sell at market endif if shortonmarket and (positionprice - close) * (0 - countofposition) > takeprofit then exitshort at market endif

  1 2 3 4 5 6 7 8 9

  takeprofit = 1000   if longonmarket and (close - positionprice) * countofposition > takeprofit then sell at market endif   if shortonmarket and (positionprice - close) * (0 - countofposition) > takeprofit then exitshort at market endif

  which will check at the bar close if you are in the desired profit or alternatively just use:

  set target $profit 1000

  1	set target $profit 1000

  which places an order on the market to sell when up $1000 or whatever currency the instrument is in.

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1811 times
  04/05/2019 at 8:17 PM #95584
  GraHal

  Alun wrote:

  When I have tried this it does not seem to work. I would like to exit greater than a gain value. Is this possible?

  Yes just set your gain value as a percentage, for example …

  if positionperf(0) > 0.1 then //gain > 0.1% Sell at Market endif

  1 2 3

  if positionperf(0) > 0.1 then  //gain > 0.1% Sell at Market endif

   

   

  

  GraHal

  Participant

  Topics: 217

  Replies: 8940

  Been thanked: 2255 times
  04/06/2019 at 12:15 AM #95588
  Alun

  Will do! Apologies, very new to this.

  

  Alun

  Participant

  Topics: 10

  Replies: 20

  Been thanked: 1 time
  04/06/2019 at 12:19 AM #95589
  Alun

  Vonasi, this seems to be exactly what I was looking for. Thanks

  

  Alun

  Participant

  Topics: 10

  Replies: 20

  Been thanked: 1 time
• Author
  Posts