Easy Language Strategy Help

[Marc33139 10]

I'm trying to add a daily stop loss or daily profit target to the canned systems in TS 8.3, on an intraday basis. Once this $$$ has been met, I'd like the system to stop trading for that day. Additionally, I'd like the option of having the daily stop loss and daily profit target to be located in the inputs section, so I can optimize them.

 

I've tried using the SetStopLoss and SetProfitTarget, but they continue to trade again after they have been triggered. They don't stop for the rest of the day.

 

There is code in the TS forums, but it is several years old and I can't get it to work. I'm not sure if it is because the coding has been updated and its no longer compatible.

 

Any help would be greatly appreciate.

[Frank 10]

you need to add a statement, try:

 

entriestoday(date)<1;

 

can add it as a condition like this:

 

condition1=entriestoday(date)<1;

 

if condition1 then buy next bar at market;

 

or just add it in to the buy command statement

 

------

 

to add anything added to inputs, you need to simply declare that you want then and then define it with a default number.

 

ie,

 

inputs: stopout (350);

 

setstoploss(stopout);

 

----

 

good luck

[Marc33139 10]

Thanks for your reply. Much appreciated.

[MseTrap 10]

Here is what I've used in the past.

 

inputs:DayProfitlimit(500),DayLossLimit(200)
variables:
canTrade(0),   
NP( 0 ),  
OPP( 0 ),  
PLB4Today( 0 ),  
ProfToday( 0 ) ;  

NP = NetProfit ;  
OPP = OpenPositionProfit ;  

if date <> date[1] then begin  
	PLB4Today = NP[1] + OPP[1];
   CanTrade=1;
end;

ProfToday = NP + OPP - PLB4Today ;



if ProfToday >= DayProfitlimit or ProfToday <= -DayLossLimit then Begin
cantrade = 0;
end;


// In your trades, check 'Cantrade' before trading..