Hello and Happy New Year to all

- Is it possible to capture the actual profit of a position or I need to calculate it using the actual price and the price of entry?

- Using Multicharts (TradeSation), how can i code for a partial profit stop loss?

I'm in profit and the actual profit is more than my 2X my initial risk . If I want to protect half of my actual profit, how can I code it?

Any input trully appreciated.

Martin

Is this what you had in mind? It will start a trailing stop 30% from your live position equity once 2*Risk in profit is reached. Compiled under TradeStation 9.0

 

Code

Variables: ProfitTrigger$(0), // The amount of profit need to trigger trailing stop PctTrailing(30), // Percent to trail Risk$(0); // The risk in dollars for the given trade // Let Risk = dollars risked on your trade // Then set ProfitTarget = 2 * Risk$ // Then use SetPercentTrailing SetStopPosition; SetPercentTrailing( ProfitTrigger$, PctTrailing ) ;

arjfca 

Hello and Happy New Year to all - Is it possible to capture the actual profit of a position or I need to calculate it using the actual price and the price of entry? - Using Multicharts (TradeSation), how can i code for a partial profit stop loss? I'm in profit and the actual profit is more than my 2X my initial risk . If I want to protect half of my actual profit, how can I code it? Any input trully appreciated. Martin