Define Sell Criteria When Profit Target Is Reached

[AHARDGE]

Hello,

Can someone please assist me with defining the sell criteria for this code? I would like for the criteria to sell when the profit has reached 20%. I know the criteria that I have now is not correct because my code isn't executing the sell. Here is what I have so far:



def buy = MACDHistogramCrossover("crossing type" = "Negative to Positive") is true;

def sell = profitLossMode.COST_BASIS) ;

 

[mashume]

Hello,

Can someone please assist me with defining the sell criteria for this code? I would like for the criteria to sell when the profit has reached 20%. I know the criteria that I have now is not correct because my code isn't executing the sell. Here is what I have so far:



def buy = MACDHistogramCrossover("crossing type" = "Negative to Positive") is true;

def sell = profitLossMode.COST_BASIS) ;

One way to do it is to set an array that maintains the purchase price and compares the close (or high) to that...

def buy = MACDHistogramCrossover("crossing type" = "Negative to Positive") is true;
def cost = if buy[1] then open else cost[1];
def sell = if high > cost * 1.2 then high else double.nan;

adjust to your needs. I chose the condition for cost to be if the previous bar says buy then pick this bar's open. ToS defaults to
if buy then open[-1]
it does essentially the same thing.

-mashume