Profit Taking Strategy
Author: hsidhu88
Creation Date: 3/22/2011 11:53 AM
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hsidhu88

#1
If I wanted to take a profit of $200 in a position, how can I achieve that in a WL Exit Strategy?

I understand I can't use NetProfitAsOfBar.
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Cone

#2
Method 1:
In Portfolio Simulation mode, select the WealthScript Override sizing option, use SetShareSize in the script, and then use NetProfitAsOfBar or calculate the Position's profit yourself.

Method 2:
Using fixed dollar or fixed share sizing, you'd be able to calculate when to take your fixed [$200] profit.

A fixed dollar profit would not make sense for just about any other Position sizing method.
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