contractprofit can't trading?  [SOLVED]

Dear MC,

I want to program the take profit and cut loss command , but the "contractprofit" can not deal with trade( I optimization the signal to the trading, there isn't any trade result). Could you check my mistake?
Thanks.








begin
if A > B then
buy ( "RSI-Long" ) 100 contracts next bar at market;

end;

condition20 = contractprofit > 800;
condition21 = contractprofit < -1 * 400;


IF CONDITION20 or CONDITION21 THEN
BEGIN
IF CONDITION20 THEN
sell from entry( "RSI-LONG" ) 100 contracts next bar at market;

IF CONDITION21 THEN
SELL FROM ENTRY( "RSI-LONG" ) 100 CONTRACTS NEXT BAR AT MARKET;

end;

See post #1 & #2
viewtopic.php?t=11713

See post #1 & #2
viewtopic.php?t=11713

SORRY,it's my first time post code.
I don't know how to program "contractprofit" for take profit and cut loss.
Thank you.

See post #1 & #2
viewtopic.php?t=11713

SORRY,it's my first time post code.
I don't know how to program "contractprofit" for take profit and cut loss.
Thank you.

[/code]

I corrected your code and works...
Firstly, I changed the last part of your code, there was an error.

Maybe you have to reduce the dollar take-profit and stop-loss in inputs.

Contractprofit calculates the position profit per contract or share. If you buy 100 shares and your take-profit is 800$, then every stock has to gain 800$ --> 800$ x 100 --> your real take-profit is 80.000$.

For example, in my backtest, I try MSFT with 5$ TP and 5$ SL.

See post #1 & #2
viewtopic.php?t=11713

SORRY,it's my first time post code.
I don't know how to program "contractprofit" for take profit and cut loss.
Thank you.

[/code]

I corrected your code and works...
Firstly, I changed the last part of your code, there was an error.

Maybe you have to reduce the dollar take-profit and stop-loss in inputs.

Contractprofit calculates the position profit per contract or share. If you buy 100 shares and your take-profit is 800$, then every stock has to gain 800$ --> 800$ x 100 --> your real take-profit is 80.000$.

For example, in my backtest, I try MSFT with 5$ TP and 5$ SL.

Code: Select all

inputs:iEMAup1len( 14 ), iEMAdown1len( 14 ), iAVGRSI1len( 5 ), iEXTAVGRSI1len( 10 ), ioversell( 30 ), oEMAup1len( 14 ), oEMAdown1len( 14 ), oAVGRSI1len( 5 ), oEXTAVGRSI1len( 10 ), ooverbuy( 70 ), BUYQTY( 100 ), takeprofit( 5 ), cutlossamt(5); variables:iUp1( 0 ), iDown1( 0 ), iEMAup1( 0 ), iEMAdown1( 0 ), iRS1( 0 ), iRSI1( 0 ), iAVGRSI1( 0 ), iEXTAVGRSI1( 0 ), oUp1( 0 ), oDown1( 0 ), oEMAup1( 0 ), oEMAdown1( 0 ), oRS1( 0 ), oRSI1( 0 ), oAVGRSI1( 0 ), oEXTAVGRSI1( 0 ); iup1 = iff( (close[1] - open[1] ) > 0, close - close[1], 0 ); idown1 = iff( ( close[1] - open[1] ) < 0, close[1] - close, 0 ); iEMAup1 = SmoothedAverage( iup1, iEMAup1len ); iEMAdown1 = smoothedaverage( idown1, iEMAdown1len ); if iEMAdown1 <> 0 then iRS1 = iEMAup1 / iEMAdown1; if 1 + iRS1 <> 0 then iRSI1 = 100 - 100 / ( 1 + iRS1 ); iAVGRSI1 = AVERAGEFC( iRSI1, iAVGRSI1len ); iEXTAVGRSI1 = AVERAGEFC( iRSI1, iextAVGRSI1len ); oup1 = iff( (close[1] - open[1] ) > 0, close - close[1], 0 ); odown1 = iff( ( close[1] - open[1] ) < 0, close[1] - close, 0 ); oEMAup1 = SmoothedAverage( oup1, oEMAup1len ); oEMAdown1 = smoothedaverage( odown1, oEMAdown1len ); if oEMAdown1 <> 0 then oRS1 = oEMAup1 / oEMAdown1; if 1 + oRS1 <> 0 then oRSI1 = 100 - 100 / ( 1 + oRS1 ); oAVGRSI1 = AVERAGEFC( oRSI1, oAVGRSI1len ); oEXTAVGRSI1 = AVERAGEFC( oRSI1, oextAVGRSI1len ); begin if iAVGRSI1 > iEXTAVGRSI1 and iAVGRSI1 crosses above ioversell then buy ( "RSI-Long" ) BUYQTY contracts next bar at market; end; condition20 = contractprofit > takeprofit; condition21 = contractprofit < -1 * cutlossamt; IF CONDITION20 or CONDITION21 THEN sell ( "RSI-EXIT" ) BUYQTY contracts next bar at market;

OK, I GOT IT. THANK YOU SO MUCH.