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tradestation, profittarget, openpositionprofit
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tradestation, profittarget, openpositionprofit

  #1 (permalink)
Trading Apprentice
Prague, Czech Republic
 
Futures Experience: Intermediate
Platform: Tradestation, Dukascopy Jforex
Favorite Futures: EUR/USD
 
Posts: 12 since Sep 2014
Thanks: 13 given, 0 received

tradestation, profittarget, openpositionprofit

Hi guys,
I use openpositionprofit to set my profit target on my open trades in my strategies (if openpositionprofit>profittarget then sell/buytocover...), but the values of openpositionprofit are different during historical testing and during demo trading. Can you please give me some advice how to synchronize the historical values and demo values in this case? Thank you.

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  #2 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,388 since Jul 2012
Thanks: 1,139 given, 4,387 received
Forum Reputation: Legendary

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strmci View Post
Hi guys,
I use openpositionprofit to set my profit target on my open trades in my strategies (if openpositionprofit>profittarget then sell/buytocover...), but the values of openpositionprofit are different during historical testing and during demo trading. Can you please give me some advice how to synchronize the historical values and demo values in this case? Thank you.

Can you give a specific example? This should work, I do something similar, live and backtest...

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #3 (permalink)
Trading Apprentice
Prague, Czech Republic
 
Futures Experience: Intermediate
Platform: Tradestation, Dukascopy Jforex
Favorite Futures: EUR/USD
 
Posts: 12 since Sep 2014
Thanks: 13 given, 0 received


I figured it out yesterday.

It was because of the strategy properties settings. I had "base currency of symbol" set to "symbol" which is yen (audjpy currency pair) and not "account" which is usd. The openpositionprofit as well as contractprofit is then calculated in yen, not in usd.

Silly thing and my mistake but took me a moment to figure it out.

Thanks Kevin.

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