[Tams]

Originally Posted by rajatheroyal »

Thanks for the idea.I myself live in a developing country 500$ is a big sum in our country.My whole trading capital is just 8 times the donation u people pay for developing countries
i have not spent 500$ for my own education.
Just keep guiding like this no need to code for me .

I am very happy to help anyone who wants to help himself.

Make sure you have downloaded and read the free manuals, there are lots of useful examples in those pages.



p.s. I give more help to people who contribute to this TradersLaboratory community.

[flyingdutchmen]

@ rajatheroyal

i am not sure if closedequity and openequity are reserved words
in tradestation but in my software it could look like this

inputs: myTarget ( 200 );

if date > date[1] then value1 = closedequity;

if openequity - value1 <= myTarget then...

another possebility is using Tam's example from post #2
and replace netprofit by positionprofit(0)

if positionprofit(0) > myTarget then { exit and stop strategy }

[Charlton]

Here's an indicator plot that shows profit for the day based on close of previous session and current bar close, ignoring any transaction costs.

plot1(Close*getpositionqu antity(GetSymbolName, GetAccountID) - prevclose*getpositionquan tity(GetSymbolName, GetAccountID), "Days profit");

This is based on TS8.6 (build 2612).

Charlton

[swansjr]

Here is a start.

Input:
   Day_Loss(500),         // Maximum risk ($) per day
   Profit_Target(600);
    
Variables:
   intrabarpersist Trade_Flag(false),  // Enable/Disable trading flag
   PLB4Today(0),          // P&L total before today
   ProfToday(0),          // P&L total for today (NP + OPP - PLB4Today)
   OPP(0),                // Open Position Profit
   NP(0);                 // Net Profit + Open Position Profit

   If ( date <> date[1] ) Then 
   Begin
       PLB4Today = NetProfit;
       Trade_Flag = true;
   End;

   // Track Today's P&L

   NP = NetProfit - PLB4Today;
   OPP = OpenPositionProfit;
   ProfToday = NP + OPP ;

   If ( ProfToday <= -(Day_Loss) ) OR ( ProfToday >= Profit_Target ) Then 
   Begin
       Trade_Flag = false;
       SetDollarTrailing(0);
   End;

   If ( Trade_Flag ) Then
   Begin
          // TRADE LOGIC HERE
   End;

[rajatheroyal]

Thank u all guys for helping me.