target profit moving average

• 04/09/2023 at 10:18 PM #213059
  8278sv

  Hi,

  I was hoping someone could shed some light as still learning the coding on here. If i I wanted to set a target of the price touching the moving average line, how would I code this?

   

  Thank you

  

  8278sv

  Participant

  Topics: 3

  Replies: 5

  Been thanked: 0 times
  04/10/2023 at 3:44 AM #213060
  JS

  Hi,

  S1 = Average[Period](Close) Set Target Price S1

  1 2 3

  S1 = Average[Period](Close)   Set Target Price S1

   

  1 user thanked author for this post.

  8278sv

  

  JS

  Participant

  Topics: 27

  Replies: 1814

  Been thanked: 884 times
  04/12/2023 at 11:28 AM #213175
  8278sv

  Just a follow up question; how do I do partial closure?

  For example two different close positions based on two different moving averages. I have the below code but not sure how to add that

  1*atr closes when it reaches 50 moving average

  and then the remaining (1*atr) closes when price touches 100 moving average

  also, if i wanted to bring the stop loss up to breakeven when it touches for example the 50 moving average, how could i code this?

  Any help would be much much appreciated

  atr= averagetruerange[12](close) ma1=average[50] ma2=average[100] IF Bullish0 THEN buy (200/(2*atr)) perpoint AT MARKET set stop loss (2*atr) set target price (ma1) ENDIF

  1 2 3 4 5 6 7 8 9

  atr= averagetruerange[12](close) ma1=average[50] ma2=average[100]   IF Bullish0 THEN buy (200/(2*atr)) perpoint AT MARKET set stop loss (2*atr) set target price (ma1) ENDIF

  

  8278sv

  Participant

  Topics: 3

  Replies: 5

  Been thanked: 0 times
  04/12/2023 at 12:47 PM #213182
  ZeroCafeine

  for Breakeven you can maybe look at this page it will help you, and about selling at 2 level

  for selling at 2 level of price maybe you can use 2 IF condition and Sell 1 shares when the condition it met

  

  ZeroCafeine

  Participant

  Topics: 115

  Replies: 477

  Been thanked: 43 times
  04/12/2023 at 1:00 PM #213184
  Nicolas

  to close partially an order, nice example from Roberto: https://www.prorealcode.com/topic/replacing-tp-with-partial-close/#post-194694

  to put order at breakeven (and many other possibilites) with these new instructions: New trading instructions: better management of your orders!

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4775 times
  06/14/2023 at 10:14 PM #216237
  8278sv

  Hi, just wanted to follow up – based on the above formula – with targeting the moving average as a target price, it seems to execute at the moving average value directly correlating with opening candle of the trade. Is it possible to have the target price move with the moving average so its dynamic. So if the todays candle price touches the moving average it closes at that point. With the formula above, it doesnt seem to close, only when the price hits the initial moving average value that was calculated when the trade first opened. Its a bit difficult to explain – hope this makes sense.

  

  8278sv

  Participant

  Topics: 3

  Replies: 5

  Been thanked: 0 times
  06/15/2023 at 12:37 AM #216241
  robertogozzi

  Swap lines 8 and 9, so that set target price (ma1) is the last line, i.e. outside the conditionl block IF…ENDIF and will ALWAYS be executed, not just at entry time.

  Be warned that ma1 might be lower than the prior candle, thus exiting at a lower price than originally set.

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17277

  Been thanked: 4126 times
• Author
  Posts