NexusFi: Find Your Edge


Home Menu

 





Can't sell at Profit Target


Discussion in TradeStation

Updated
    1. trending_up 1,517 views
    2. thumb_up 0 thanks given
    3. group 2 followers
    1. forum 1 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
hgchcw
Hong Kong + Hong Kong
 
Posts: 18 since Feb 2019
Thanks Given: 9
Thanks Received: 0

In tradestation, I want to set Profit Target at 5%. So I input the following codes,

if Condition1 and Condition2 and Condition3 then
Begin
Buy ( "A" ) next bar at market ;
Setstopshare;
setProfitTarget(Close*0.05);
End

The Close price at which the share is bought is 242.79, so 5% profit is 254.92. I have printed Close*0.05 and confirm it can calculate correctly. But I've found that tradestation can't sell at 254.92 at the first 4th times. It sell at the 5th time where the price is down to 254.92. The following attaches the captured screen. It circles the first 4th chances Tradestation can't sell the share. Why? Am I misunderstand the usage of SetProfitTarget in tradestation? If so, what should I do to set Profit Target at 5%?



Thanks,
Raymond


Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Trump Media to sell instant access to market-moving soci …
Traders Hideout
Six Days to Kickoff: World Cup Prediction Markets Hit $1 …
Prediction Markets & Event Contracts
June 15 Peace Odds Surge From 3.6% to 12.25% After Trump …
Prediction Markets & Event Contracts
Irans Dual Probability: Guns Quiet at 99.95% While Forma …
Prediction Markets & Event Contracts
World Cup Opens: USA at 45.5% Tonight as Markets Push Ba …
Prediction Markets & Event Contracts
 
  #2 (permalink)
 ABCTG   is a Vendor
 
Posts: 2,448 since Apr 2013
Thanks Given: 494
Thanks Received: 1,643

Raymond,

when you place built-in exits within conditional statements, they would only be issued while the conditions are true and not placed on all other bars. You could place them unconditionally and set the target amount within your conditional branch.

Regards,

ABCTG


Follow me on X Reply With Quote




Last Updated on June 3, 2019


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts