Stop After X Profit

[nab999 10]

Hi All,

 

Could anyone tell me the line of code that I would need to put into a strategy ( TS 8.6 ) which would instruct the system to not take any further trades today if at least X amount of profit has been generated today.

 

Many thanks.

[zapisy 10]

Hi,

 

This code will give you both.

If you make enough it will stop, and if you lose too much it will stop as well.

If you do not want to use the loss, just put there 10000000

 

{***************************** Check For Daily Profit/Loss **************************}
Input:     Profit_For_Day    (500);
Input:     Loss_For_day      (300);
Vars:     TradeSwitch       (True);

If Date <> Date[1] Then Begin Value10 = NetProfit; TradeSwitch = True; End;
If (NetProfit - Value10) >= (Profit_For_Day) or (NetProfit - Value10) <= -(Loss_For_day) Then TradeSwitch = False; 
If TradeSwitch = True 

   Then Begin

   //Your trade conditions here


end;

 

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