Support Board
Date/Time: Thu, 28 Nov 2024 09:56:24 +0000
How do I auto-update a take profit level to remain at a fixed amount from average e price?
View Count: 405
| [2023-05-05 17:34:53] |
| Ifrit - Posts: 51 |
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Imagine the following scenario: I'm long 1 contract Take profit is set at 10 points Market retraces and hits a buy limit order, increasing the position size to 2 contracts net New average entry price is updated (lower than the first) I want to have my take profit remain at 10 points from my average entry point, instead of remaining where it was initially set. Example: Buy 1 contract @ 13000: Take profit 13010 Buy 1 contract @ 12990: Average entry price = 12995. Take profit should auto-update to 13005. Currently Take profit is still at 13010. I can't find anything in the forums. Date Time Of Last Edit: 2023-05-05 17:37:43
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| [2023-05-06 04:29:16] |
| Sawtooth - Posts: 4120 |
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How do I auto-update a take profit level to remain at a fixed amount from average e price?
Move the Target with the Trade Management by Study studythat references the Spreadsheet Formula study's formula output that references the Trading: Position Average Price study, and the Trading: Position Quantity study. Use a formula like this in the Spreadsheet Formula study's Formula field: =IF(AND(ID3.SG1<>0,ID4.SG1>0),ID3.SG1+10,IF(AND(ID3.SG1<>0,ID4.SG1<0),ID3.SG1-10,0)) where ID3 is the Trading: Position Average Price study, and ID4 is the Trading: Position Quantity study. Date Time Of Last Edit: 2023-05-06 04:30:13
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| [2023-05-06 12:45:52] |
| Ifrit - Posts: 51 |
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Thank you.
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