Exit if certin profit not met after certain number of days

[Adrian Miller]

Hi Jose,

I've noticed with a system I am looking at that if say 5% profit has not been reached after say 15 trading days, then the trade will usually result in a looser.

I am using exits of a 40 day time stop and C < 2*SD of a 20 day EMA and a tight fixed stop of the L prior to the trigger day.

Is there any way of coding a condition where I automatically exit if the trade is not in 5% profit after 15 days, I exit? This way I can at least lock in the profit and avoid some of the long term loosing trades.

Thanks

Adrian

[Jose]

There are ways to code timed exits in MetaStock, but it may take some time and effort to put the code together.