Target

The Profit Manager Target

The Target section of the Profit Manager is used to define the Profit Target, Maximum Loss and LookbackMinutes values. Each of these values is optional and can be disabled by selecting the named checkbox.

• Profit Target
• The Profit Target is the value (in the base currency of your account) that when reached will cause the Profit ManagerAction to occur. For example, if the Profit Target is $45.00, the Action will occur when the calculated profit (as defined by the Order Selection criteria) reaches or exceeds $45.00.
• The Profit Target is a positive number and must be entered without a plus or minus sign.
• The Choose button may be used to enter the name of any variable into the Profit Target text box.
• The Show as input check box allows the variable Profit Target to be defined as an input parameter when running the Expert Advisor. NOTE: Only numerical values can be set in the Profit Target text box to use the Show as input feature.
• Maximum Loss
• The Maximum Loss is the value (in the base currency of your account) that when reached will cause the Profit ManagerAction to occur. For example, if the Maximum Loss is $50.00, the Action will occur when the calculated loss (as defined by the Order Selection criteria) reaches or goes below -$50.00. Note, the value is entered as "50.00", NOT "-50.00".
• The Maximum Loss is a positive number and must be entered without a plus or minus sign.
• The Choose button may be used to enter the name of any variable into the Maximum Loss text box.
• The Show as input check box allows the variable Maximum Loss to be defined as an input parameter when running the Expert Advisor. NOTE: Only numerical values can be set in the Maximum Loss text box to use the Show as input feature.
• Lookback Minutes
• The Lookback Minutes value is used to include recently closed trades in the profit or loss calculation. When enabled, any trades closed within Lookback minutes that meet the Order Selection criteria are included in the total profit or loss calculation.
• The Lookback Minutes is a positive number and must be entered without a plus or minus sign.
• The Choose button may be used to enter the name of any variable into the Lookback Minutes text box.
• The Show as input check box allows the variable Lookback Minutes to be defined as an input parameter when running the Expert Advisor. NOTE: Only numerical values can be set in the Lookback Minutes text box to use the Show as input feature.