Dollar Profit Target

Overview -

Once you are in a trade, GFP will auto-send exit orders with precision based on your TRUE average price based on the inputs. 

For example, if you are trading the ES SP500 and have $150 inputted for $ profit, once the average of all your open contracts = $150.01 (higher) then it will submit a market order to see % of your contract or set X Qty.

Then it wait X Seconds to send the next order. This is a KEY feature on GFP to have the "Delay (Sec)" feature. 

Auto adjust the exit:

Once the first exit is completed, GFP will self adjust the following:

The next NEW Qty to exit. If you started with 10 contracts and exited 30% (3 contracts) then you have 7 left. So it will exit 30% of 7 or 2.1. Based on this, it rounds up to the next higher whole number and will exit 3 more on the next exit after X seconds. Now, you have 4 left. 30% of 4 is 1.2 contracts or rounded up would equal 2 contracts to exit. Etc. 

Can you change the settings? 

Yes, you can turn on/off, change any input setting while you are in a trade and the app will respond in real time during the life of a current open position. 

For example, if you are wanted to change the % of contracts from 30% to 50%, you can. If you wanted to change $ per contract from $150 to $80, you can. The app will self adjust on the next tick.

Why would you use this function?

It is a precise exit function. It knows you exact True Average Price of all your open positions. It will wait for that exact moment to exit based on your inputs. 

No more guessing, using your calculator, etc to figure this out anymore. GFP already knows this information. 

The delay function  can work well in your favor. If you have $150 per contract in there to exit 30% of the open contracts, and the market starts to go WAY in your favor, you will get much better fill prices as the market moves in your favor. This happens to us all the time.

Settings -

On/Off = You have the option to use this function or not. You can turn this function off is it was on during the life of a trade.

% Qty Exit - The percentage of contracts to exit each time. It will be based on the change of contracts if you add or remove them during the life of the trade.

Qty Exit - This is an option, meaning, you can only choose % or Qty exit, not both. This would be a set number of contracts to exit each time.

$ Contract - This would be the average value of all the open contracts the market would have to be at to initiate the exit function. 

  • For example, if you put in $100, then ALL the contract, using the True Average Price method, would have to average $101 or more first. If this condition is set, then the function will exit based on % or Qty settings.

Delay (Sec) - Once the last order is filled, it will wait X seconds to revisit the conditions. If after X seconds, the conditions are valid, then it will submit a new exit order based on the inputs.

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Cycle Trader Pro is a complete trading software company that has created many custom indicators that show momentum and cycle reversals better than most others. We build custom auto order entry and exit applications, and auto trade system strategies.

The overall purpose of the Cycle Trader has been to continue to create trading indicators to show market momentum & reversals better than most other indicators. To create trading models to help traders understand what pattern the market may be in at the time to help them make the best choice in direction at the time.

We have designed trading apps to help traders save money entering and exiting positions. The goal was to make the trading apps automatically handle orders after entry. This way, you our traders could concentrate more on the direction of the markets than placing orders all the time. Then we added value for each trade from start to finish displaying personal trade data. The trade data with the CycleTraderPro apps is data one would not expect from others apps.

We run all the indicators, charts, Go Fish Pro and the Auto Entry on NinjaTrader

We offer just the indicators on MetaStock, TradeStation, MetaTrader and MultiCharts

Futures, Options on Futures and Forex trading involves a substantial degree of risk of loss and is not suitable for all individuals. An investor could lose the entire investment or, in some cases, more than the initial investment. Past performance is not necessarily indicative of future results.