profit target calc

• 09/26/2017 at 7:21 AM #47321
  Real Pro

  Hi,

  How would I code the following please?

  On the bar that the BUY is triggered, calculate x = (close-open).

  Then make the pprofit = x.

  Thanks.

  

  Real Pro

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  09/26/2017 at 7:53 AM #47327
  juanj

  Hi Real Pro

  With such tight profit range it look like youa re coding a scalper?

  The bar the trade was opened can be calculated using (barindex-tradeindex). Thus you can use something like;

  TriggerBar = (barindex-tradeindex)

  TriggerRange = ABS(Close[TriggerBar] – Open[TriggerBar])

  Set Target pProfit = TriggerRange

  

  juanj

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  09/26/2017 at 8:17 AM #47333
  Real Pro

  Hi Juan, thanks.  I’m using on 5 minute bars, so not really scalping as such.  The trigger bar is a big breakout bar.

  I copy/pasted as presented above and it gave me an error.  Does it require some rejigging?

  

  Real Pro

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