Stop and profit/loss targets

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Stop and profit/loss targets #482491 02/14/21 11:44 02/14/21 11:44
Joined: Feb 2021 Posts: 6 J jpslvie OP Newbie
jpslvie OP Newbie J Joined: Feb 2021 Posts: 6	Hey guys. My name is João, I'm from Portugal and I have an academic background in economics, finance and financial markets. Started using Zorro to backtest some momentum strategies, but I really have no knowledge in C. I have a very basic question: how would I define a stop loss of -5% from the initial open/entry/trade price? Apologies for the very basic question. Anyway, thanks in advance and congrats for the Zorro project. It's a great edge to have. Cheers!

Re: Stop and profit/loss targets [Re: jpslvie] #482496 02/15/21 09:19 02/15/21 09:19
Joined: Feb 2021 Posts: 6 J jpslvie OP Newbie
jpslvie OP Newbie J Joined: Feb 2021 Posts: 6	Ok, I think this is it (pretty basic, I know...): Stop = 0.05 * priceClose(); I have another question, how do I exit a trade if price is higher than Keltner (C, 20, 3)? Thank you! Last edited by jpslvie; 02/15/21 16:10.

Re: Stop and profit/loss targets [Re: jpslvie] #482506 02/16/21 01:16 02/16/21 01:16
Joined: Feb 2021 Posts: 6 J jpslvie OP Newbie
jpslvie OP Newbie J Joined: Feb 2021 Posts: 6	Why doesn't this work? var Band = 3 * ATRS(20); var SMATP = SMA(priceClose, 20); TakeProfit = SMATP + Band; (I get: Error 010: Invalid SPY TakeProfit: -0.0000) Last edited by jpslvie; 02/16/21 01:24.

Re: Stop and profit/loss targets [Re: jpslvie] #482523 02/17/21 13:46 02/17/21 13:46
Joined: Jan 2021 Posts: 22 Singapore S strimp099 Newbie
strimp099 Newbie S Joined: Jan 2021 Posts: 22 Singapore	priceClose() is a function and needs parentheses and the first arg to SMA is of type series. Example from the manual Code function run() { vars Price = series(priceClose()); vars SMA100 = series(SMA(Price,100)); vars SMA30 = series(SMA(Price,30)); if(crossOver(SMA30,SMA100)) enterLong(); else if(crossUnder(SMA30,SMA100)) enterShort(); } Last edited by strimp099; 02/17/21 13:54.

Re: Stop and profit/loss targets [Re: jpslvie] #482544 02/21/21 20:50 02/21/21 20:50
Joined: Feb 2021 Posts: 6 J jpslvie OP Newbie
jpslvie OP Newbie J Joined: Feb 2021 Posts: 6	Thank you!

Re: Stop and profit/loss targets [Re: jpslvie] #482548 02/22/21 19:08 02/22/21 19:08
Joined: Feb 2021 Posts: 6 J jpslvie OP Newbie
jpslvie OP Newbie J Joined: Feb 2021 Posts: 6	(removed)

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