Issue with OpenPositionProfit

Thomas Mann · Postby **Thomas Mann** » 10 Dec 2008

Hi,
I tried to use the OpenPositionProtect strategy word to stop out of a Long position if the amount went > -80. It went right through -80 and kept falling. Does the language word understand a negative number ?
thanks

If MarketPosition= 1 and OpenPositionProfit < -80 then
begin
Buy ("SStopProtect") next bar at Market;
end;

Thomas Mann · Postby **Thomas Mann** » 10 Dec 2008

Hi,
Code should read like this.

// OpenPosition Stop Protect
If MarketPosition= 1 and OpenPositionProfit < -80 then
begin
Sell ("SStopProtect") next bar at Market;
end;

Thomas Mann · Postby **Thomas Mann** » 10 Dec 2008

Hi,
The code below works if the trade goes + > 80, but does not work if the trade goes > -80
Any ideas ?
Thanks

If MarketPosition= 1 and OpenPositionProfit > 80 then
begin
Sell("LProtect") next bar at market ;
end;

Marina Pashkova · Postby **Marina Pashkova** » 18 Dec 2008

Hi Thomas,

We have tested both codes below and both are working just just fine.

Code: Select all


// script1

buy next bar market;

If MarketPosition= 1 and OpenPositionProfit < -50 then

begin

Sell("LProtect") next bar at market ;

end;



// script2

buy next bar market;

If MarketPosition= 1 and OpenPositionProfit > 50 then

begin

Sell("LProtect") next bar at market ;

end;

We have run tests on both scripts and they work as expected. As soon as we lose over 50, we exit at the next bar / tick (script 1).

As soon as we have made more than 50, we exit at the next bar / tick (script2).

Let me know how they work for you.