Coding for a partial profit

January 8th, 2011, 11:37 AM

Hello and Happy New Year to all

- Is it possible to capture the actual profit of a position or I need to calculate it using the actual price and the price of entry?

- Using Multicharts (TradeSation), how can i code for a partial profit stop loss?

I'm in profit and the actual profit is more than my 2X my initial risk . If I want to protect half of my actual profit, how can I code it?

Any input trully appreciated.

Martin

January 11th, 2011, 10:03 PM

Is this what you had in mind? It will start a trailing stop 30% from your live position equity once 2*Risk in profit is reached. Compiled under TradeStation 9.0

Code

Variables:
   ProfitTrigger$(0), // The amount of profit need to trigger trailing stop
   PctTrailing(30),   // Percent to trail
   Risk$(0);          // The risk in dollars for the given trade
   
   // Let Risk = dollars risked on your trade
   // Then set ProfitTarget = 2 * Risk$
   // Then use SetPercentTrailing
   
   SetStopPosition;
   SetPercentTrailing( ProfitTrigger$, PctTrailing ) ;

arjfca

Hello and Happy New Year to all

- Is it possible to capture the actual profit of a position or I need to calculate it using the actual price and the price of entry?

- Using Multicharts (TradeSation), how can i code for a partial profit stop loss?

I'm in profit and the actual profit is more than my 2X my initial risk . If I want to protect half of my actual profit, how can I code it?

Any input trully appreciated.

Martin

Coding for a partial profit

Discussion in EasyLanguage Programming

Coding for a partial profit