Setting Loss restriction in Automation

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johnboy
Posts: 29
Joined: Sat Apr 18, 2009 11:55 am

Hi All
can anyone please help?
I am trying to set an auto loss get out in Automation and have the following settings which will not fire.
General
Green all selections
Relative start time trigger 10 mins before start
Until 10 secs before start.
Allow trigger up to 100 times wait 5 secs before rearming
No parameters required
Conditions
Market not inplay
Trading profit less than £1.00

I am obviouly doing something wrong but cannot see what.
Many thanks. Regards

Johnboy
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to75ne
Posts: 2413
Joined: Wed Apr 22, 2009 5:37 pm

try trading profit -£1.00 (minus sign in front),

if it fires and you have asked to fire up to 100 times waiting 5 secs before re-firing, you will struggle to get green or a lower loss, if it fires at 7 mins or 4 mins out for example. every time it ses's a loss of -£1.00 or greater it will red you up and cancel any positions you have opEned.
Tobedotty
Posts: 68
Joined: Sat Feb 25, 2012 11:15 am

I think negative trade profits will fire immeditatly. I know this can be done fairly easily in excel if you're up for it.
johnboy
Posts: 29
Joined: Sat Apr 18, 2009 11:55 am

Thanks to75ne and tobedotty, I will try your suggestions.
Regards
Johnboy
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