How to program if profit over $100 stop trading

May 22nd, 2014, 04:17 AM

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);

ABCTG · May 22nd, 2014, 07:58 AM

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

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);

How to program if profit over $100 stop trading

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How to program if profit over $100 stop trading