Set-profit-target-as-twice-the-stop

CODE:

using WealthLab.Backtest;
using System;
using WealthLab.Core;
using WealthLab.Indicators;
using System.Collections.Generic;

namespace WealthScript1 
{
    public class MyStrategy : UserStrategyBase
    {
        //create indicators and other objects here, this is executed prior to the main trading loop
        public override void Initialize(BarHistory bars)
        {
         rsi14 = RSI.Series(bars.Close, 14);
         rsi14.MassageColors = true;
         lowest = Lowest.Series(bars.Low, 5);
         lowest.MassageColors = true;
         PlotIndicator(rsi14);
         PlotIndicator(lowest);
         PlotStopsAndLimits();
        }

        //execute the strategy rules here, this is executed once for each bar in the backtest history
        public override void Execute(BarHistory bars, int idx)
        {
            if (!HasOpenPosition(bars, PositionType.Long))
            {
            //code your buy conditions here
            if (rsi14[idx] < 30)
            {
               PlaceTrade(bars, TransactionType.Buy, OrderType.Market);
               stop = lowest[idx];
            }
            }
            else
            {
            //code your sell conditions here      
            double diff = LastOpenPosition.EntryPrice - stop;
            target = LastOpenPosition.EntryPrice + diff * 2.0;
            PlaceTrade(bars, TransactionType.Sell, OrderType.Stop, stop);
            PlaceTrade(bars, TransactionType.Sell, OrderType.Limit, target);
            }
        }

      //declare private variables below
      private RSI rsi14;
      private Lowest lowest;
      private double stop;
      private double target;
    }
}