• Registered: 2011-01-11
  • Posts: 41

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

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

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

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

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

  • Registered: 2011-01-11
  • Posts: 41

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

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.

  • krog
  • Licensed Member
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  • Registered: 2010-02-26
  • Posts: 407

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

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:
http://s1.postimage.org/2wiwwrkuc/Close_Exit_Order.jpg

Close by Take Profit:

http://s1.postimage.org/2wjyy4k78/Take_Profit_No_Exit_Order.jpg

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