CloseOnProfitTarget

[JamesDuke]

Wondering if it is possible to take the code from the CloseOnDrawdown Indicator found in the Ninja 7 downloads and reverse engineer it to close on ProfitTarget instead.

So using the same logic to shut down a strategy once X profit objective is realized for the day.

Thanks,
Duke

[NinjaTrader_JessicaP]

Hello JamesDuke, and thank you for your question. Your approach is definitely feasible. I am going to include an emphasized code excerpt and a relevant helpguide page which I believe will aid you in putting together this strategy.

[FONT=Courier New]
                        if (!closing)
                        {
                            profitLoss = pos.GetProfitLoss(Close[0], 0);
                            btnActivate.Text = (drawdown + profitLoss).ToString();
                            textChanged = true;

[B]// JDP Mon Sep  5 11:18:59 MDT 2016
// I believe if you change -drawDown to a static value
// to compare profitLoss to, this strategy will work
// the way you would like
[/B]                            [B]if (profitLoss < -drawdown)[/B]
                            {
                                closing = true;
                                pos.Close();
                                Log("Max drawdown of " + drawdown + " reached and canceled all orders from " + pos.Instrument, LogLevel.Alert);
                            }
                        }[/FONT]

http://ninjatrader.com/support/helpGuides/nt7/getprofitloss.htm?zoom_highlightsub=getprofitloss

Please let us know if there are any other ways we can help.

[JamesDuke]

I do not know how to do that. I do not know how to code... that's why I am asking for help.

Can you tweak the code for me?

[NinjaTrader_JuanitaA]

Hello,

While we are unable to code for you, our NinjaTrader Ecosystem does support quite a few NinjaScript Consultants who would be happy to further assist you. You can view NinjaTrader Ecosystem's supported NinjaScript consultants at the following link:

• http://ninjatraderecosystem.com/Part...ultants.php#81

You can locate the contact information for the partner on their direct webpage for any additional questions you may have. Since these partners are third party add-ons for NinjaTrader all pricing information will need to be obtained through the partner.


Please let me know if you have any additional questions.


Have a great day!