Adding daily profit & daily loss targets to code

May 20th, 2021, 10:31 AM

Dear friends

Please help a newbie here

- am trying to add dailyprofittarget and dailyloss to a simple moving average cross strat.. I added a dailyprofit/loss code that Big Mike posted a long time ago here...what's wrong there?

Thanks for ANY help!

This is the code:

// for use in signal
inputs:
dailyprofit(500),
dailyloss(250);

vars:
todaynet(0),
yesterdaynet(0);

if date <> date[1] then begin
yesterdaynet = NetProfit;
end;

if MarketPosition = 0 then begin
todaynet = NetProfit - yesterdaynet;
end;

condition1 = -dailyloss < todaynet and todaynet < dailyprofit;

// entries

if condition 1 then begin

inputs:
FastPrice( Close ) [DisplayName = "FastPrice", ToolTip =
"Enter an EasyLanguage expression to use in calculation of shorter length moving average."],
SlowPrice( Close ) [DisplayName = "SlowPrice", ToolTip =
"Enter an EasyLanguage expression to use in calculation of longer length moving average."],
FastLength( ) [DisplayName = "FastLength", ToolTip =
"Enter number of bars to use in calculation of shorter length moving average."],
SlowLength( ) [DisplayName = "SlowLength", ToolTip =
"Enter number of bars to use in calculation of longer length moving average."];

variables:
FastAvg( ),
SlowAvg( );

FastAvg = AverageFC( FastPrice, FastLength );
SlowAvg = AverageFC( SlowPrice, SlowLength );

{ CB > 1 check used to avoid spurious cross confirmation at CB = 1 }
if CurrentBar > 1 and FastAvg crosses under SlowAvg then
Sell short 1 contract next bar at market;
setstoploss ();
setprofittarget ();

{ ** Copyright � TradeStation Technologies, Inc. All Rights Reserved **
** TradeStation reserves the right to modify or overwrite this strategy component
with each release. ** }

end;

May 23rd, 2021, 07:47 PM

I think this is your problem, there isn't any variable or input placed in the target and stop functions. Put your profit and stop inputs inside the parentheses.

yeli

setstoploss ();
setprofittarget ();

May 24th, 2021, 03:26 AM

Thanks so much for the reply. I left the variables out because i change them all the time..doesn't work also when all variables are filled..

June 24th, 2021, 02:23 PM

Ciao,

se ho capito bene, per quanto concerne lo Stoploss ed il ProfitTarget, dovresti inserirli in questo modo (cos� li puoi anche ottimizzare):

Inputs: exit_proft(500), Amount(250);

SetProfitTarget (exit_proft);
SetStopLoss(Amount);

--------------------------------------------

A parte lo Stoploss ed il ProfitTarget, il resto della formula funziona correttamente?

P.S: hai un M.P.

March 24th, 2023, 05:17 PM

condition1 = -dailyloss < todaynet and todaynet < dailyprofit;

Instead of -dailyloss use -1*dailyloss.

For generating a buy or sell signal, I didn't have to use "if condition1 then begin;end";
I just insert the condition along with the rest of the buy or sellshort instructions. example: If condition1 and value1>value2 then buy/sellshort next bar market;

Adding daily profit & daily loss targets to code

Discussion in EasyLanguage Programming

Adding daily profit & daily loss targets to code