Stoploss and Profittarget Problem

[thunderbolt78]

Hi there, i have read many Hours in this forum, but i don´t find a solution.

Here is my problem

i will trade a 30 min bar. the ATR of this bar is 20 ticks for example. If i enter this bar i will make a profit target of this 20 ticks. I will make a stoploss of this 20 ticks. The Position will be stopped out or will go in profit. If the Position is closed, with or without Profit the next bar has a range of 15 ticks for example. So i need a PT of entry + 15 and a Stoploss of Entry -15. How can i make this ?

please help me

[NinjaTrader_Bertrand]

You could directly use SetProfitTarget and SetStopLoss set to CalculationMode.Ticks for this, as they would automatically reference your entryPrice directly when issuing the needed bracket orders (those Set Methods would be OCO'ed as well).

[thunderbolt78]

hi,

thanks for your fast reply, but if i use the normal setstoploss ans setprofittarget i can only use normal values.

i the 30 min bar 40 ticks i need 40 ticks stop and profit from entry if the bar has got 30 ticks i need 30 ticks SL and PT. How i can set the ticksize of PT and SL to the ticksize of my entrybar ?

[NinjaTrader_Bertrand]

You would need to custom code to achieve this - record the range of your entry bar at time of entry and then call SetStopLoss / SetProfitTarget to place the exit bracket at your desired values.

[thunderbolt78]

hi this is what i´m locking for, but i have no idea how i make this ?

is there a reference oder a code sample ? Sorry ..

[NinjaTrader_Bertrand]

Sorry, I'm not aware of a direct sample for this, the general idea is like demonstrated in this snippet below -

 
if (Position.MarketPosition == MarketPosition.Flat)
{
SetProfitTarget(CalculationMode.Ticks, 20);
}

if (CrossAbove(SMA(Fast), SMA(Slow), 1))
{
range = Math.Abs(High[1] - Low[1]);
EnterLong();
}

if (Position.MarketPosition == MarketPosition.Long)
SetProfitTarget(CalculationMode.Price, Position.AvgPrice + range);

[thunderbolt78]

Thx bertrand

entry and PT work, SL don´t work

Here is my Code

protected override void OnBarUpdate()
        {
            // Condition set 1
            
            if (Position.MarketPosition == MarketPosition.Flat)
                {
                SetProfitTarget(CalculationMode.Ticks, 20);
                }

            if (entry condition)
                {
                range = Math.Abs(High[0] - Low[0]);
                EnterLong();
                    }
            if (Position.MarketPosition == MarketPosition.Long)
            SetProfitTarget(CalculationMode.Price, Position.AvgPrice + range);
            SetStopLoss(CalculationMode.Price, Position.AvgPrice - range);
        }

[NinjaTrader_Bertrand]

What error do you get with the targets? You would need to reset those as well when flat...

[thunderbolt78]

i have no error,

if i run the script with setstoploss and setprofittarget only Profittargt will filled. No Stoploss will triggered. I i run

if (Position.MarketPosition == MarketPosition.Long)
// SetProfitTarget(CalculationMode.Price, Position.AvgPrice + range);
SetStopLoss(CalculationMode.Price, Position.AvgPrice - range);

i have an Entry and after this the position will be stopped out but not with the right range.

[NinjaTrader_Bertrand]

Please run the strategy with TraceOrders = true in your Initialize(), this will give you insight into it's order behavior -

http://www.ninjatrader-support2.com/vb/showthread.php?t=3627

[kaywai]

May I ask how you guys post your codes in that blue box?

[NinjaTrader_Bertrand]

Just wrap code tags around it...the rhomb symbol when you post...

Looks then like below -

 
MyCodeIsHappyInThisBox

[kaywai]

Sorry Bertrand. is this "#" the rhomb symbol you are talking about? when you say wrap code tags around it, do you mean that I paste the code inbetween "

" and "

"?

[kaywai]

Thanks Bertrand! Got it now!