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Showing results for tags 'daily net profit'.
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While working up an auto execution strategy for the futures market, my friend and I created this segment of code that provides for market exit after achieving the desired profit target or end of time. Hope others find it useful ..... RANGER ///// This code ends trading once the Daily Net Points are achieved or end time constraint is met. //// Designed for use on futures contracts /// If used within an Auto Execution Strategy, you may elect to revisit the "marketposition" terms. //// Co-written by ZAC & RANGER 2010 Rev 0 / tested and found operational inputs: DailyNetPoints(4), StopLossTicks(12), ProfitTargetTicks(12), BreakEvenTicks (6), NumberContracts(4), start_time(0930), end_time(1615), ExitOnClose( true ); variables: Prior_Date(date), Prior_Net_Profit(0), StopPx_Amt(0), Daily_NP_Amt(0), Profit_Target_Amt(0), Break_Even_Amt(0); StopPx_Amt = ((StopLossTicks/4)*BigPointValue) * NumberContracts; Daily_NP_Amt = (DailyNetPoints * BigPointValue) * NumberContracts; Profit_Target_Amt = ((ProfitTargetTicks/4)*BigPointValue) * NumberContracts; Break_Even_Amt = ((BreakEvenTicks/4)*BigPointValue) * NumberContracts; once begin Prior_Date = Date - 1; end; if Time > start_time and Time < end_time then BEGIN if Date > Prior_Date then begin Prior_Date = Date; Prior_Net_Profit = netprofit; end; if netprofit - Prior_Net_Profit <= Daily_NP_Amt then begin ///////////START ENTRY/EXIT SIGNALS HERE ///////////////END ENTRY EXIT SIGNALS HERE end else {ends when daily profit objective is reached} begin if marketposition = 1 then sell ("DONE-2") next bar on Open; if marketposition = -1 then buytocover ("DONE-1") next bar on Open; end; END else if Time > end_time then {ends when time limit is hit} begin if marketposition = 1 then sell ("EOD-0") this bar on Close; if marketposition = -1 then buytocover ("EOD-1") this bar on Close; end; if ExitOnClose = true then SetExitOnClose ; {exit on close of market - this can be rem if desired} if marketposition <> 0 then begin SetDollarTrailing( StopPx_Amt ) ; SetBreakeven( Break_Even_Amt ) ; if Profit_Target_Amt > 0 then SetProfitTarget(Profit_Target_Amt ) ; end;
