Taking profits to early

Created at 04 Nov 2014, 11:05

Join Discord

Joined 01.10.2014

Taking profits to early
04 Nov 2014, 11:05

Hi guys,

I created a program and it works fine the problem I have is that the robot takes profits to early.

I am using ATR as a multiple to take profit and as you can see above the take profit is 64pips however it takes the profit at 9 pips.

Can someone tell me what is wrong and help me please???

Thank you for help.

@jagtrading

Replies

modarkat
04 Nov 2014, 11:27

You must pass absolute price to the ModifyPosition method.

Example:

            var takeProfitPips = 40;
            var stopLossPips = 20;
            
            var stopLoss = position.TradeType == TradeType.Buy ? position.EntryPrice - stopLossPips * Symbol.PipSize : position.EntryPrice + stopLossPips * Symbol.PipSize;
            var takeProfit = position.TradeType == TradeType.Buy ? position.EntryPrice + stopLossPips * Symbol.PipSize : position.EntryPrice - stopLossPips * Symbol.PipSize;
            ModifyPosition(position, stopLoss, takeProfit);

@modarkat

cTrader Ltd offers through its group of companies the cTrader platform. The information on this website is for general informational purposes only and does not constitute financial or investment advice. cTrader does not solicit retail investors. Reliance on this information is at your own risk.