Dear friends
Please help a newbie here - am trying to add dailyprofittarget and dailyloss to a simple moving average cross strat.. I added a dailyprofit/loss code that Big Mike posted a long time ago here...what's wrong there?

Thanks for ANY help!

This is the code:



// for use in signal
inputs:
dailyprofit(500),
dailyloss(250);

vars:
todaynet(0),
yesterdaynet(0);

if date <> date[1] then begin
yesterdaynet = NetProfit;
end;

if MarketPosition = 0 then begin
todaynet = NetProfit - yesterdaynet;
end;

condition1 = -dailyloss < todaynet and todaynet < dailyprofit;

// entries

if condition 1 then begin


inputs:
FastPrice( Close ) [DisplayName = "FastPrice", ToolTip =
"Enter an EasyLanguage expression to use in calculation of shorter length moving average."],
SlowPrice( Close ) [DisplayName = "SlowPrice", ToolTip =
"Enter an EasyLanguage expression to use in calculation of longer length moving average."],
FastLength( ) [DisplayName = "FastLength", ToolTip =
"Enter number of bars to use in calculation of shorter length moving average."],
SlowLength( ) [DisplayName = "SlowLength", ToolTip =
"Enter number of bars to use in calculation of longer length moving average."];

variables:
FastAvg( ),
SlowAvg( );

FastAvg = AverageFC( FastPrice, FastLength );
SlowAvg = AverageFC( SlowPrice, SlowLength );

{ CB > 1 check used to avoid spurious cross confirmation at CB = 1 }
if CurrentBar > 1 and FastAvg crosses under SlowAvg then
Sell short 1 contract next bar at market;
setstoploss ();
setprofittarget ();


{ ** Copyright © TradeStation Technologies, Inc. All Rights Reserved **
** TradeStation reserves the right to modify or overwrite this strategy component
with each release. ** }

end;

I think this is your problem, there isn't any variable or input placed in the target and stop functions. Put your profit and stop inputs inside the parentheses.

yeli 

setstoploss (); setprofittarget ();

Thanks so much for the reply. I left the variables out because i change them all the time..doesn't work also when all variables are filled..

Ciao,

se ho capito bene, per quanto concerne lo Stoploss ed il ProfitTarget, dovresti inserirli in questo modo (così li puoi anche ottimizzare):

Inputs: exit_proft(500), Amount(250);




SetProfitTarget (exit_proft);
SetStopLoss(Amount);

--------------------------------------------

A parte lo Stoploss ed il ProfitTarget, il resto della formula funziona correttamente?

P.S: hai un M.P.

condition1 = -dailyloss < todaynet and todaynet < dailyprofit;

Instead of -dailyloss use -1*dailyloss.

For generating a buy or sell signal, I didn't have to use "if condition1 then begin;end";
I just insert the condition along with the rest of the buy or sellshort instructions. example: If condition1 and value1>value2 then buy/sellshort next bar market;