question on set profit target

[james377]

how do I set a profit target which takes the order price and adds a profit factor * ATR(20)?

SetProfitTarget(CalculationMode.Price, ProfitFactor * (ATR(20)[0]));

is the above correct?

this createed some really bad results?? am I missing something? shouldnt I have order price in there somewhere??

Thanks!

[NinjaTrader_RyanM1]

Hello James377,

Position.AvgPrice will return 0 when you're not in a position. Most likely you will want to add a check that only submits when you are not flat.

if (Position.MarketPosition != MarketPosition.Flat)
SetProfitTarget(CalculationMode.Price, ProfitFactor * (ATR(20)[0]));

This also means you would want to set it to an initial value when you are flat. The following reference sample can help with modifying target orders dynamically:
Modifying the price of stop loss and profit target orders

[james377]

so where do I add in this position.avgprice?

if (Position.MarketPosition != MarketPosition.Flat)
SetProfitTarget(CalculationMode.Price, Position.AvgPrice + (ProfitFactor * (ATR(20)[0])));

in bold??

[NinjaTrader_RyanM1]

Yes, that would be where. I misread your profit factor for Position.AvgPrice.

You should print the value of this expression so you can verify that it's what you expect.

[james377]

how do I print the value of my profit target?

[NinjaTrader_RyanM1]

Print ((Position.AvgPrice + (ProfitFactor * (ATR(20)[0]))));

You then view output through Tools > Output window. Additional debugging help is available here:
Debugging your NinjaScript Code