stoploss and dynamic profit targets

[staycool3_a]

        private void GoLong()
        {
            SetStopLoss("target1", CalculationMode.Price, Close[0] - (Stop*TickSize), false);
            
            SetProfitTarget("target1", CalculationMode.Price, Close[0] + ((Target1+Target2+Target3)*TickSize));
        
            EnterLong("target1");
            
        }

        private void ManageOrders()
        {

            if (Position.MarketPosition == MarketPosition.Long)
            {
                if (High[0] > Position.AvgPrice + ((Target1+Target2+Target3)*TickSize))
                    SetStopLoss("target1", CalculationMode.Price, Position.AvgPrice + ((Target1+Target2)*TickSize), false);
                                else if (High[0] > Position.AvgPrice + ((Target1+Target2)*TickSize))
                    SetStopLoss("target1", CalculationMode.Price, Position.AvgPrice + (Target1*TickSize), false);
                                else if (High[0] > Position.AvgPrice + (Target1*TickSize))
                    SetStopLoss("target1", CalculationMode.Price, Position.AvgPrice, false);
                
            }

here is what i'm trying to do:

at entry, set a stop loss X ticks away
when my profit target1 is hit, I want to move my stoploss to position.avgprice
when my profit target2 is hit, i want to move my stoploss to position.avgprice+target1
when my profit target3 is hit, i want to move my stoploss to position.avgprice+target1+target2

[NinjaTrader_PatrickH]

Hello calhawk01,

Thank you for your post.

Are you experiencing any items with the code you have posted here?

It appears to be properly coded for your conditions. Although, would the following condition to change the Stop Loss not be implemented as this would be where the Profit Target is filled?

 if (High[0] > Position.AvgPrice + ((Target1+Target2+Target3)*TickSize))
                    SetStopLoss("target1", CalculationMode.Price, Position.AvgPrice + ((Target1+Target2)*TickSize), false);

Profit Target:

            SetProfitTarget("target1", CalculationMode.Price, Close[0] + ((Target1+Target2+Target3)*TickSize));

[staycool3_a]

Hello calhawk01,

Thank you for your post.

Are you experiencing any items with the code you have posted here?

It appears to be properly coded for your conditions. Although, would the following condition to change the Stop Loss not be implemented as this would be where the Profit Target is filled?

 if (High[0] > Position.AvgPrice + ((Target1+Target2+Target3)*TickSize))
                    SetStopLoss("target1", CalculationMode.Price, Position.AvgPrice + ((Target1+Target2)*TickSize), false);

Profit Target:

            SetProfitTarget("target1", CalculationMode.Price, Close[0] + ((Target1+Target2+Target3)*TickSize));

well it seems when target1 is hit, the stoploss is set at avgprice. and when target two is hit, the stoploss is NOT moved to target1.. and same for target 3

[staycool3_a]

Pat, any idea what's wrong w/ my code?

how can i reset my STOPLOSS multiple times once my targets are hit?

i've seen the ''pricemodiciation'' template that NT provides but that was not helpful. I've tried everything!

if target1 is hit, stoploss = avg price, if target2 is hit, stoploss = target1, if target3 is hit, stoploss = target2

[NinjaTrader_PatrickH]

Hello calhawk01,

Thank you for your response.

Please send me your complete code to support[at]ninjatrader[dot]com or a toy version of your strategy containing the Entries, Stop Losses, and Profit Targets. Please place 'ATTN: Patrick - 852512' in teh subject line and a reference to this thread int the body of the e-mail: http://www.ninjatrader.com/support/f...ad.php?t=58067

I look forward to your response.