Limit order with SetProfitTarget

[no111]

I use the following code:

EnterShortLimit(DefaultQuantity, entry_priceShort, "");

SetProfitTarget(CalculationMode.Ticks, a);

When price hits the entry_priceShort, it's short in the market. I use 60min bars.

If the bar that triggers the short also has prices of the profittarget (in the bar), the strategy automatic calculates this as a profitable trade. However, if you look at a shorter timeframe you see that price first hits the profittarget and then the entry_short. So actually there is no profit, the trade is still on...

How can I avoid this? How can I set for example profit target one bar later?

[NinjaTrader_PatrickH]

Hello no111,

Thank you for your post.

For historical backtesting you would need to use an Exit() method instead of the Set() method. Then either wait a set number of bars after entry (BarsSinceEntry: http://www.ninjatrader.com/support/h...sinceentry.htm) or submit the order to another time frame: http://www.ninjatrader.com/support/f...ead.php?t=6652

Please let me know if I may be of further assistance.

[no111]

Ok thanks.

Would this be a correct solution?
Barindex 0 = 1min
Barindex 1 = 120min

   protected override void OnBarUpdate()
        {

if (BarsInProgress == 1){
entry_price = EMA(BarsArray[1],20)[1];    


  if ( Closes[1][0] > Closes[1][1] 
                )
            { 
                x=1;
                Print("Long setup");     
            }
  if ( Closes[1][0] < Closes[1][1] 
                )
            { 
                x=0;
                Print("No setup");     
            }

}
}

if (BarsInProgress == 0){
        if ( x==1 && Position.Quantity == 0  
                ) {
                                
            LongEntryOrder = EnterLongLimit(0,true, 1, Instrument.MasterInstrument.Round2TickSize(entry_price), "LongEntry");
            
                    
                        
            }

}

      protected override void OnExecution(IExecution execution)
        {
            
        
        
            if (LongEntryOrder != null && LongEntryOrder == execution.Order && BarsInProgress == 0)
            {
                if (  execution.Order.OrderState == OrderState.Filled || execution.Order.OrderState == OrderState.PartFilled || (execution.Order.OrderState == OrderState.Cancelled && execution.Order.Filled > 0))
                {
                    LongstopOrder     = ExitLongStop(0, true, execution.Order.Filled, execution.Order.AvgFillPrice - 4, "MyStop", "LongEntry");
                    
                    LongtargetOrder = ExitLongLimit(0, true, execution.Order.Filled, execution.Order.AvgFillPrice + 4, "MyTarget", "LongEntry");
                    x=0;

                    if (execution.Order.OrderState != OrderState.PartFilled)
                    {
                        LongEntryOrder     = null;
                    }
                }
            }

        if ((LongstopOrder != null && LongstopOrder == execution.Order) || (LongtargetOrder != null && LongtargetOrder == execution.Order))
            {
                if (execution.Order.OrderState == OrderState.Filled || execution.Order.OrderState == OrderState.PartFilled)
                {
                    LongstopOrder = null;
                    LongtargetOrder = null;
                }
            }

} 

[NinjaTrader_PatrickH]

Hello no111,

Thank you for your response.

That would be correct for entering on the secondary series and exiting on the primary series.