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Dr. Hunt,
There is something in the code structure that is not doing what you
intend it to do. The SetProfitTarget is not the cause of the problem.
I am sending you the ELA code that works in a separate email.
-- Harrison
Greg Hunt wrote:
Hi list members,
I am running this system on the emini Russell, 1 minute bars.
Buy and sell signals should alternate.
But they seem to be bothered by the profit target.
The profit target signal's description says it is from T4.
(Of course I'm using this on TS2ki and wonder if somehow this might be
causing the problem.)
Code is below; and a picture of the chart showing the problem is
attached.
1. After the second entry, an Se, there should be an Le 2 bars later to
reverse that trade.
2. Likewise 3 bars later, there should be an Se to reverse that trade.
Could someone please help me with this?
(There are other problems but maybe later.)
TIA
Dr. Greg Hunt
*******************************************************************************************
INPUTS: VARA(10), VARB(5);
IF T > 0929 and t <= 1100 then Begin;
If MarketPosition <>1 and MarketPosition(1) <>1 then BEGIN;
IF TradesToday(date) < VARB THEN
Buy ("Le")next bar at H + VARA points stop;
END;
IF T > 0929 and t <= 1100 then Begin;
IF MarketPosition <>-1 and MarketPosition(1) <>-1 then BEGIN;
Sell ("Se") next bar at L - VARA points stop;
END;
IF TradesToday(date) >= VARB THEN BEGIN
EXITLONG ("lx") next bar at Low - VARA points stop;
EXITSHORT ("sx") next bar at High + VARA points stop;
END;
END;
END;
{*******************************************************************
Description : Profit Target (Built In Profit Target Stop) - from TS 4.0
Provided By : Omega Research, Inc. (c) Copyright 1999
********************************************************************}
Inputs: PositionBasis(True), Amount(50);
If PositionBasis Then
SetStopPosition
Else
SetStopContract;
SetProfitTarget(Amount);
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