Prevent trades once a certain profit level is reached | Forex Factory

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Prevent trades once a certain profit level is reached

  • #1
  • First Post: Apr 5, 2009 7:20am Apr 5, 2009 7:20am
Say for example I have a trade on and it reaches 150 pips in profit I am wanting to stop my EA from trading after this trade closes. I am looking at the best way to implement this.
My first problem is how do I get the profit value when a trade has reached this amount can I just use OrderProfit or do I need to get trade specific.
I am thinking of using IsTradeAllowed () and changing this from true to false. Or else the Sleep function however it will be off for the rest of the day.

My main question at the moment is how to utilise knowing the profit of a trade.

Thanks
  • #2
  • Apr 5, 2009 8:09am Apr 5, 2009 8:09am
loop through all your orders;
use OrderSelect() with OrderProfit() to determine the profit;
have a variable that holds the profit you are looking for;
Inserted Code
if (OrderProfit()==YourProfit)
{
ok_to_trade=false;
}

declare ok_to_trade outside start() or inside as static;
check the ok_to_trade variable before your OrderSend();

IsTradeAlowed() will not work. What this function returns can not be changed programaticaly.

HTH
Stubbornly persistent
  • #3
  • Last Post: Apr 7, 2009 11:43pm Apr 7, 2009 11:43pm
Thanks for that, one question is that going to check just the last order or would I need to add
Inserted Code
- 1, SELECT_BY_POS, MODE_HISTORY)

to limit how far back to check

Thanks again
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