Variable0 = SMA

[johnlucas]

Hi everyone,

When a set of conditions is true (already programmed) I would like to set a Variable0 equal to the value of a moving average and then use that value as profit target.

Is it possible to do that with the Strategy Wizard?

So far, I have set:

Variable0 = SMA in Set1

and then, in the Profit Target & Stoploss section:

Profit Target Mode = price
Value = Variable0

but it doesn't work,

thank you for your help,

John.

[NinjaTrader_Joydeep]

Hello John,
Thanks for writing in and I am happy to assist you.

You can set the value of the Variable0 to the SMA value but you cannot set it to SetStopLoss as it is defined in the Initialize region of the strategy.

You have to unlock the code and do it via the NinjaScript editor.

Please let me know if I can assist you any further.

[johnlucas]

Thank you for your reply,

at the moment I have in the Condition Set 1:

Variable0 = SMA(800)[0]; this is ok, if I have understood.

While in the Initialize () section I have:

SetProfitTarget("", CalculationMode.Ticks, Variable0); How this line should be modified to make sure that the profit target is equal to the SMA?

thank you,

John.

[NinjaTrader_Joydeep]

Hello John,
SetProfitTarget and the SetStopLoss are put in the initialize region of the code. At that time the value of Variable0 is 0 (zero). When the orders are placed then you have to reassign the Set() methods with the updated price. Unfortunately you cannot do that via the Strategy Wized.
You have to unlock the code and code it via the NinjaScript editor.
You can modify your code after placing the entry order as:

Variable0 = SMA(800);
SetProfitTarget("", CalculationMode.Price, Variable0);

The above will put an appropriate profit target.

Please let me know if I can assist you any further.

[johnlucas]

Hi,

thank you for your reply,

I have put the following code:

Variable0 = SMA(800);
SetProfitTarget("", CalculationMode.Price, Variable0);

in the conditions sets (I have 4 conditions sets, so I put it in each of them). When I run the simulation what happens is that the positions are immediately closed after being opened.
So the profit target is not appropriately set.

What could be missed?

thank you,

John.

[NinjaTrader_Joydeep]

Hello John,
Variable0 is a double while SMA(800) is a data series. You need to write the code as

Variable0 = SMA(800)[B][COLOR="Blue"][0][/COLOR][/B];

Please let me know if I can assist you any further.

[johnlucas]

Hi Joydeep,

here is the code I have inserted in the condition set:

{
EnterLong(DefaultQuantity, "Trend LE");
Variable0 = SMA(800)[0];
SetProfitTarget("", CalculationMode.Price, Variable0);
}

but still no success,

what could be missing?

thank you,

John.

[NinjaTrader_Joydeep]

Hello John,
Your fromEntrySignal name varaiable is not set accordingly in the Set() method.

Please use this code

EnterLong(DefaultQuantity, "Trend LE"); 
Variable0 = SMA(80)[0]; 
SetProfitTarget("Trend LE", CalculationMode.Price, Variable0);

Please let me know if I can assist you any further.