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Hi,
So, once we have the Risk control model set-up along with the voltility model, we can then set a Profit:Loss ratio target which is calculated as (Profit*Quantity) per risk which would be in terms of $/$ thus giving us a P/L ratio to hit. Once we hit this target, we can do a whole lot of things. In this particular case I just exit my trade and take the profit I have earned home. But there are so many other things that can be done with this.
If anyone in the community has any more inputs or views on my method, feel free to comment below.
Benton Pena
Interesting! may I contact you for migrating MQL code to Quantconnect?
Regards,
Benton
Deval Keralia
@Benton Sure. I'll help as much as I can.
Deval Keralia
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