RE: [amibroker] Re: Profit target

Sat, 29 Jul 2006 12:59:19 -0700

For the SELL, you are testing the PRICE versus the number of BARS since a BUY + a ProfitTarget. This makes no sense because Bars has nothing to do with the price.

 

What I think you want is to test the PRICE versus the BUYPRICE + ProfitTarget.

 

Use this code instead. Note I have added some plots and some trouble-shooting code at the bottom. Click EXPLORE to see the output (and use just one symbol). You are also going to want some kind of stop loss in case your stock just goes down after buying!

 

Buy = Cross(C,MA(C,20));

ProfitTarget = 20;

//Bars = BarsSince(Buy==1);

Bought = ValueWhen(Buy,BuyPrice,1);

Sell = C >= Bought + ProfitTarget;

 

Plot(C,Name(),1,64);

PlotShapes(Buy * shapeUpArrow + Sell * shapeDownArrow,1,0,C);

 

Filter = 1;

AddColumn(Buy,"Buy",1.0,colorGreen);

//AddColumn(Bars,"Bars",1.0);

AddColumn(Bought,"Bought",1.0);

AddColumn(Sell,"Sell",1.0,colorRed);

AddColumn(C,"Close",1.0);--

Terry

-----Original Message-----
From: [email protected] [mailto:[EMAIL PROTECTED] On Behalf Of broman1003
Sent: Saturday, July 29, 2006 12:18
To: [email protected]
Subject: [amibroker] Re: Profit target

 

Terry, thanks.

I was kind of hoping for a simpler solution. I tried the following

but for some reason it does not give the same result av with

ApplyStop.

 

ProfitTarget = 20;

Bars = BarsSince(Buy==1);

Sell = C >= Ref(C,-Bars) + ProfitTarget;

 

Any idea to what is wrong?

Thanks,

/Fredrik

--- In [email protected], "Terry" <[EMAIL PROTECTED]> wrote:

>

> I think you'll have to build a loop and define your own stops. I

like to

> use temporary variables such as myBuy instead of BUY, then apply

the

> results using "normal" Buy = myBuy; Sell = mySell; and so on after

the

> loop is finished. You will need to track whether you are on a Buy

or a

> Short to know which stop to use.

> --

> Terry

> -----Original Message-----

> From: [email protected] [mailto:[EMAIL PROTECTED]

On

> Behalf Of broman1003

> Sent: Thursday, July 27, 2006 15:25

> To: [email protected]

> Subject: [amibroker] Re: Profit target

>

> --- In [email protected], "broman1003"

> <fredrik_broman1003@> wrote:

> >

> > Hi,

> >

> > I am trying to build a trading system where I would like to use a

> > profit target. I began by using the ApplyStop function but that

one

> > does not allow you to specify a different target for long resp

short

> > trades. Is there an easy way around that?

> > Kind regards,

> > /Fredrik

> >

>

> Anyone?

>

>

>

>

>

> Please note that this group is for discussion between users only.

>

> To get support from AmiBroker please send an e-mail directly to

> SUPPORT {at} amibroker.com

>

> For other support material please check also:

> http://www.amibroker.com/support.html

>

> 

> Yahoo! Groups Links

>

 

 

 

 

 

 

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