I have written a signal to set profit target at 12% of the entire open position. The following is part of the codes to calculate the average price and total no of shares of all opened position. I have printed the output, and have checked the average price and total no of shares are calculated correctly.

However the problem is (1) even if the OpenPositionProfit is smaller than the target, it also sell all the shares.
(2) I have tried to change the profit target to 20%, ie. target = APrice*TTSize*0.12;, it never
sell the shares.

if Date[1] = BuyDate then begin
TTPrice = 0;
TTSize = 0;
posAgo = 0;
numOfTrades = PosTradeCount(posAgo); // get the number of trades for that position
for value1 = 0 to (numOfTrades - 1) begin
TTPrice = TTPrice + PosTradeEntryPrice(posAgo, value1);
TTSize = TTSize + PosTradeSize(posAgo, value1);
end;
APrice = TTPrice / PosTradeCount(posAgo);
target = APrice*TTSize*0.12;
setstopposition;
SetProfitTarget(target);
end;


Thanks for your help,
Raymond

Hi Raymond,

this is most likely caused by the code. You will have to check what value you are exactly computing as target and compare this to where the target is executed.
Besides that you are placing the SetProfitTarget within a date condition i.e. it would not be issued outside this condition anymore.

Regards,

ABCTG

Hello Raymond,

As ABCTG mentioned, put you target outside the 'if' statement. My partner ran into the same problem as you a while back. Here is what your code should look like (using your sample):

 

Code

if Date[1] = BuyDate then begin TTPrice = 0; TTSize = 0; posAgo = 0; numOfTrades = PosTradeCount(posAgo); // get the number of trades for that position for value1 = 0 to (numOfTrades - 1) begin TTPrice = TTPrice + PosTradeEntryPrice(posAgo, value1); TTSize = TTSize + PosTradeSize(posAgo, value1); end; APrice = TTPrice / PosTradeCount(posAgo); target = APrice*TTSize*0.12; end; // Stop position outside your 'if' statement setstopposition; SetProfitTarget(target);

-vmodus