I want to have a Profit Stop sell at a certain time if the profit
stop is met.
I was using the close, but the bar doesn't always close at the same
time. So I tried to use this.
"LastP = "+GetRTData("Ask");
if( ProfitTarget ) // allows taking a profit any time
{
if( DebugOn AND numPositions != 0 ) _TRACE("#, Profit Stop is
on. TradePrice=" + NumToStr(TradePrice, 1.3) +
", Close=" + NumToStr(LastC, 1.3) + ", ProfitVal=" +
NumToStr(ProfitVal, 1.2) + "\n");
if(numPositions > 0 )
{
ProfitStopValue = TradePrice + profitVal;
// note that SellTrigger is also set by trailing stop
if(LastP >= ProfitStopValue AND hourTrigger)
{
ProfitStop = 1; // used to generate a
sell signal when profit target is reached
fSayOnce("profit sell");
}
profitDelta = 100 * (ProfitStopValue - LastC); //
calculates the distance to the stop, when 0 the target has been
reached
if(DebugOn) _TRACE("#, ProfitStop 2, Stop value="
+ NumToStr(ProfitStopValue, 1.2) +
", ProfitDelta=" + NumToStr(profitDelta, 1.2)
+ "\n");
}
else if(numPositions < 0)
{
ProfitStopValue = TradePrice - profitVal;
if(ProfitStopValue >= LastC)
{
ProfitStop = 2; // used to generate a
cover signal when profit target is reached
fSayOnce("profit cover");
}
profitDelta = 100 * (LastC - ProfitStopValue); //
calculates the distance to the stop, when 0 the target has been
reached
if(DebugOn) _TRACE("#, ProfitStop 3, Stop value="
+ NumToStr(ProfitStopValue, 1.2) +
", ProfitDelta=" + NumToStr( profitDelta,
1.2) + "\n");
}
}
else
{
if(DebugOn) _TRACE("#, Profit Stop is off." + "\n");
}
When I verify this, I don't get any errors. However when I use it in
my chart everything is fine until I turn the profit stop on in my
parameters, then I get this error.
Error 29.
Variable 'lastp' used without having been initialized.
What am I doing wrong?
Thanks,
Tom
