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Profit Target

Hi,  in the current Algo I keep working on I am trying to set a Limit Profit Target when I initiate my Market Order.  It is for Forex EURUSD.  Could someone assist me on how to set the profit target say 20 pips away.  I have attached my code example and appreciate any input.  Thanks!

var profitTarget = trade.Open + 20 pips // I know that's not correct but this is the part I'm having trouble with

LimitOrder("EURUSD", -100000, profitTarget, "Profit Target Set");
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You could use 

var open = Securities[symbol].Open;
LimitOrder(symbol, -1000000, open * 1.002m);

Here is an example 

https://github.com/QuantConnect/Lean/blob/master/Algorithm.CSharp/OrderTicketDemoAlgorithm.cs
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Hi Jing,

Thanks again for answering.  I was missing the "m" after 1.002.  Little things like help dramatically.  Thanks!

-John

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


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