QUIT function when profit is reached

• 06/26/2020 at 5:53 AM #137199
  rama

  I want to stop my strategy if my floating profit >=10 pips

  I have tested QUIT function which is not working for floating profit. it is working only realized profit

   

  It will be most useful if we can use this for floating profit

  

  rama

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  06/26/2020 at 7:44 AM #137206
  Nicolas

  QUIT is the function to stop the strategy. It has nothing to deal with the way you are calculating your profit!

  If you have used STRATEGYPROFIT, it is indeed the realized profit.

  The floating profit could be calculated as with this snippet:

  floatingprofit = (((close-positionprice)*pointvalue)*countofposition)/pipsize //actual trade gains

  1	floatingprofit = (((close-positionprice)*pointvalue)*countofposition)/pipsize //actual trade gains

  Code is read at bar close, so if your strategy is running on a 5-minutes timeframe and you want it to be read more times during a bar for orders management, use the TIMEFRAME instruction with a lower timeframe and place all your desired functions you want to act faster below it.

   

  

  Nicolas

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  06/29/2020 at 10:56 AM #137476
  rama

  Want to stop the system once stop is moved

  DEFPARAM CumulateOrders = False buy .5 contract at market set stop loss 50 set target profit 300 ret=.1 //ret1=.1 //ret2=.4 IF Not OnMarket THEN y = 0 ENDIF IF LongOnMarket AND close > (TradePrice + (y * pipsize)) THEN x = (close - tradeprice) / pipsize //convert price to pips IF x >= 10 and x<=12.5 THEN //go ahead only if 30+ pips y = max(x * ret, y) //y = 66.6% of max profit ENDIF ENDIF IF y THEN //Place pending LIMIT (not STOP) order when y>0 SELL AT Tradeprice + (y * pipsize) stop //convert pips to price ENDIF if x>12 then quit endif

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  DEFPARAM CumulateOrders = False buy  .5 contract at market set stop loss 50 set target profit 300 ret=.1 //ret1=.1 //ret2=.4         IF Not OnMarket THEN y = 0   ENDIF       IF LongOnMarket AND close > (TradePrice + (y * pipsize)) THEN   x = (close - tradeprice) / pipsize //convert price to pips IF x >= 10 and x<=12.5  THEN //go ahead only if 30+ pips y = max(x * ret, y) //y = 66.6% of max profit ENDIF     ENDIF IF y THEN //Place pending LIMIT (not STOP) order when y>0 SELL AT Tradeprice + (y * pipsize) stop //convert pips to price     ENDIF           if x>12 then quit endif

  I am using the above code stop the system once profit >10 , I have asked the system stop once x>12 , as I am running this code in 1 second. here I am hoping that by the time program reached line 41 system has already moved my stop . Is there any way to stop system only after stop is moved?

  I am using the option “when trading system is stopped – Remain open” I want to keep my position when I am in profit

  

  rama

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  12/15/2020 at 6:08 PM #153860
  Albaran

  I suppose I’m doing something wrong because the system stops as soon as it detects the quit function in the code. It doesn’t even enter the market, it stops the system right away with the following code as a test run (it’s not my strategy, let’s be clear about that 😀 ):

  IF NOT LongOnMarket THEN BUY 1 CONTRACTS AT MARKET Elsif longonmarket and barindex - tradeindex > 1 then sell at market endif If strategyprofit < 100 then quit endif

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  IF NOT LongOnMarket THEN BUY 1 CONTRACTS AT MARKET Elsif longonmarket  and barindex - tradeindex > 1 then sell at market endif   If strategyprofit < 100 then quit endif

  I get the following message from PRT: “this trading system has been stopped because of the presence of the quit function in the code.”

  How about that?

  

  Albaran

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  12/15/2020 at 6:30 PM #153865
  robertogozzi

  When the strategy starts STRATEGYPROFIT is zero, so line 7 is immediately TRUE and line 8 executed to stop the strategy.

  I suggest modifying line 7 so that it checks the strategy has entered at least one trade:

  If strategyprofit < 100 AND strategyprofit[1] <> 0 then

  1	If strategyprofit < 100 AND strategyprofit[1] <> 0 then

  but this will exit immediately if the first trade is a losing one.

   

   

   

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  Albaran

  

  robertogozzi

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  12/15/2020 at 8:09 PM #153871
  Albaran

  I was only testing simple coding lines to get to know the function..

  

  Albaran

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