EasyLanguage question

Discussion in 'Trading Software' started by trader3cnd, Oct 17, 2008.

  1. Hello,

    The following is portion of Easylanguage code generated by Automatic Pattern Search software (APS) that it sets the profit target and stop loss of an entry :

    input: targetpoints(0), stoppoints(0), multiplier(1);
    variables: profitprice(0), stopprice(0);
    profitprice = O of tomorrow + ( targetpoints * multiplier) points;
    stopprice = O of tomorrow - ( stoppoints * multiplier) points;
    sell next bar at profitprice limit;
    sell next bar at stopprice stop;
    Question: If a EURUSD chart is used and target and stop are both 75 pips, should I set both targetpoints and stoppoints to 0.0075 and leave the multiplier equal to 1?

    This seems not to work but makes sense to me.

    I guess the EL word "points" is confusing to me.

    Thanks in advance
  2. Tums


    here is the definition of Points in EasyLanguage:

  3. Thanks Tums I see that but they have no examples for forex prices.

    Maybe when they wrote the manual forex was not popular:)
  4. Is this program worth its money?

  5. Tums


    I thinks so.
    EasyLanguage is easy to program.
    There are thousands of examples on the web.
    Many people know the language; it is easy to find help.
    This is a mature programming language.
    It is 20+ years old; it has been tried and tested in real life trading.
  6. I agree. EasyLanguage is "easy" as compared to other languages used in some other platforms.

    I also like Tradestation because they offer everything in a single package, data, backtesting, brokerage, etc.