• Registered: 2012-03-19
  • Posts: 36

Topic: profit taking

is it possible to build an an idicator which would close your trades on a specified combined profit level (eg. $50) ?

lets assume we have 3 open trades:

the 1st one is making a loss of $10
the 2nd one is also making a loss of $20
but the 3rd one is making a profit of $80, therefore the combined profit / loss is +$50 so we close the position.

  • From: Germany
  • Registered: 2010-12-18
  • Posts: 148

Re: profit taking

Good ideea, I think this can be a very good indicator !

  • Popov
  • Popov
  • Lead Developer
  • Offline
  • From: Bulgaria
  • Registered: 2006-11-30
  • Posts: 7,885

Re: profit taking

Such option can be added to the core of FSB.
Profit can be checked at the end of a bar.

Popov's Website

  • footon
  • footon
  • ◄≡≡≡►
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  • Registered: 2009-08-17
  • Posts: 2,924

Re: profit taking

Global profit for FST would be great also, it should be quite an easy modification to the expert.

  • Popov
  • Popov
  • Lead Developer
  • Offline
  • From: Bulgaria
  • Registered: 2006-11-30
  • Posts: 7,885

Re: profit taking

We already have Min account exit on FST Expert. Close on Profit can be added to the expert in a similar way. It easily can be made to check the profit on every tick.

Popov's Website

  • Registered: 2012-03-19
  • Posts: 36

Re: profit taking

thank you for your consideration. in my view this indicator would certainly add another dimension to the FSB