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How to program if profit over $100 stop trading
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Created: by rollcbiz Attachments:0

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How to program if profit over $100 stop trading

  #1 (permalink)
Trading Apprentice
chicago+il/usa
 
Futures Experience: Beginner
Platform: Apex Trader
Favorite Futures: TF
 
Posts: 1 since May 2014
Thanks: 0 given, 0 received

How to program if profit over $100 stop trading

Good Morning Everybody,

First post

wondering how do i add the lines of code into my program if over $100 made, the program stop trading automatically. code is below.

thanks

Inputs: Price( Open ),
Length1 ( 50 ),
Cts ( 2 ),
TGT ( 30 ),
STP ( 20 );

Vars: ExpAv1 ( 0 );

ExpAv1 = XAverage ( Price, Length1 ) ;

{Buy or short sell contracts at exponential average crossovers}

If time > 0800 and time < 1500 and Price[1] crosses above ExpAv1[1] then
begin
buy ( "buy") Cts contracts next bar at market ;

End;

setprofittarget (TGT);
setstoploss (STP);

value97 = text_new ( D, T, ExpAv1, "*" );
text_setcolor (Value97, Cyan);

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  #2 (permalink)
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  #3 (permalink)
Market Wizard
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,533 since Apr 2013
Thanks: 231 given, 855 received
Forum Reputation: Legendary


Hi rollcbiz,

something simple like this might work for you:

Store the Netprofit on a date change and then compare the current Netprofit to the stored value.

 
Code
Variables: PrevNetProfit (0), StopTrading(false);
if Date <> Date[1] then
begin
PrevNetProfit = NetProfit;
StopTrading = false;
end;

if NetProfit >= PrevNetProfit + 100 then StopTrading = true;
This can be used to stop your entries.
 
Code
If time > 0800 and time < 1500 and Price[1] crosses above ExpAv1[1] and StopTrading = false then 
begin
	buy ( "buy") Cts contracts next bar at market ;
	
End;
Regards,
ABCTG


rollcbiz View Post
Good Morning Everybody,

First post

wondering how do i add the lines of code into my program if over $100 made, the program stop trading automatically. code is below.

thanks

Inputs: Price( Open ),
Length1 ( 50 ),
Cts ( 2 ),
TGT ( 30 ),
STP ( 20 );

Vars: ExpAv1 ( 0 );

ExpAv1 = XAverage ( Price, Length1 ) ;

{Buy or short sell contracts at exponential average crossovers}

If time > 0800 and time < 1500 and Price[1] crosses above ExpAv1[1] then
begin
buy ( "buy") Cts contracts next bar at market ;

End;

setprofittarget (TGT);
setstoploss (STP);

value97 = text_new ( D, T, ExpAv1, "*" );
text_setcolor (Value97, Cyan);


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