Forex Software — Question - Is Take Profit or Closing Point used to improve strategy.

Re: Question - Is Take Profit or Closing Point used to improve strategy.

2011-01-21T19:40:52Z

I found this:
In the Journal Panel, click on the "Close" transaction line, then look in the Orders During the Bar Panel.

Exit signal -- there's "Status: Executed; Comment: Exit Order to position 2956", and "Status: Cancelled; Comment: Permanent T/P to position 2956"

Take Profit Closing --- "Status: Exceuted; Comment: Permanent T/P to position 2891", and no comment about exit order.

Close by Exit Signal:

Close by Take Profit:

Maybe it's the same for Stops. Hope that helps.

Re: Question - Is Take Profit or Closing Point used to improve strategy.

2011-01-21T12:27:05Z

footon wrote:

In journal close at TP is always more or less constant, in your case around 60 depending on spread etc.

I know that the TP is set at 60, but how can you tell which condition was satisified when the TP is hit? in the column "Profit/Loss", there will be an entry if either the TP is hit or the Closing Price Point is hit. I just can't tell which it is by looking at it.

Re: Question - Is Take Profit or Closing Point used to improve strategy.

2011-01-20T13:13:04Z

In journal close at TP is always more or less constant, in your case around 60 depending on spread etc.

Question - Is Take Profit or Closing Point used to improve strategy.

2011-01-20T11:02:19Z

When I run the following strategy, how do I know whether or not it uses the Take Profit Level or Closing point. Is there a way to tell in the journal?

Forex Strategy Builder v2.56.4.0
Strategy name: EURUSD5Min_O_BarClosing_Stochastics_MA_Crossover_C_Previous_High_Low
Exported on: 1/20/2011 5:56:54 AM

Market: EURUSD 5 Minutes
Spread in pips: 2
Swap Long in pips: 0
Swap Short in pips: 0
Commission per lot at opening and closing in pips: 0
Slippage in pips: 0

Maximum open lots: 3
Entry lots: 1
Adding lots: 1
Reducing lots: 1

Intrabar scanning: Not accomplished
Interpolation method: Pessimistic scenario
Ambiguous bars: 0
Tested bars: 19976
Balance: -1131 pips (988.69 USD)
Minimum account: -7084 pips (929.16 USD)
Maximum drawdown: 17203 pips (172.03 USD)
Time in position: 83 %

A same direction signal - Adds to the position
An opposite direction signal - Does nothing
Permanent Stop Loss - 1000
Permanent Take Profit - 650

[Opening Point of the Position]
Bar Closing
Enter the market at the end of the bar
Base price - Close

[Opening Logic Condition]
Stochastics
The Slow %D rises
Smoothing method - Exponential
%K period - 11
Fast %D period - 1
Slow %D period - 3
Level - 20
Use previous bar value - No

[Opening Logic Condition]
Moving Averages Crossover
The Fast MA crosses the Slow MA upward
Base price - Close
Fast MA method - Exponential
Slow MA method - Exponential
Fast MA period - 13
Slow MA period - 22
Fast MA shift - 0
Slow MA shift - 0
Use previous bar value - No

[Closing Point of the Position]
Previous High Low
Exit long at the previous low
Base price - High and Low
Vertical shift - 188