I want to use GetPositionAveragePrice and GetPositionQuantity to set the profit target to be earning 20% of the entry price as follows. But in the price chart, the profit target is the same as the entry price, that means the target = 0. Why GetPositionAveragePrice and GetPositionQuantity cannot function and return 0?

Buy ( "Buy1" ) 100 shares this bar on close;
target = (GetPositionAveragePrice("AMD",GetAccountID())*GetPositionQuantity("AMD",GetAccountID())* 0.2);
SetProfitTarget(target);

Thanks for your help!
Raymond

Hi Raymond,

the values might simply not have updated, yet. Besides that you are using broker related functionalities that will only work in real time. I would suggest using the print reserved word to check the internal values within your code.

Regards,

ABCTG

hgchcw 

I want to use GetPositionAveragePrice and GetPositionQuantity to set the profit target to be earning 20% of the entry price as follows. But in the price chart, the profit target is the same as the entry price, that means the target = 0. Why GetPositionAveragePrice and GetPositionQuantity cannot function and return 0? Buy ( "Buy1" ) 100 shares this bar on close; target = (GetPositionAveragePrice("AMD",GetAccountID())*GetPositionQuantity("AMD",GetAccountID())* 0.2); SetProfitTarget(target); Thanks for your help! Raymond

Thanks ABCTG! Are there any function I can use to get the average price and total position of all entries in non-real time? Because I only use it to do backtesting analysis.

Regards,
Raymond

Hi Raymond,

you are welcome. PosTradeEntryPrice or EntryPrice will both work, but you will face the problem that the entry price is only available after your fill and this might result in the target not being placed on the bar after your entry.

https://www.multicharts.com/trading-software/index.php/PosTradeEntryPrice

For the code snippet you posted it might by far be easier to simply set the target when you are not in a position using the Close of the current bar and also to use the SetStopContract reserved word to ensure the value is applied to each share.

 

Code

if MarketPosition = 0 then //when you are flat, set the target value target = Close * .2 ;

Regards,

ABCTG

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