exit trade when loss reaches certain percentage

[alexkow1]

hi,

i would like to exit a trade once it reaches a certain percentage loss of the current trade. I dont know how to program in the sript editor but i hope it can be done when editing the strategy. can anyone help?

thanks

[NinjaTrader_RyanM1]

Hello alexkow1,

Thank you for your post.

When working with the condition builder you can access property Unrealized PnL. It's under category Strategy.

NinjaScript Reference:
You can work with the TradePerformance class to capture this information, specifically the GetProfitLoss() method.

[alexkow1]

stop order

Thanks for your reply, the stop seems to be working now.

however, after putting my stop loss at -50 points, and checking the largest loosing trade i discovered that the largest loosing trade is above -50 points.

another thing i have observed is that after a trade got stopped when it reached -50 points it immediately entered the market again because my signal was still active.
I would like the strategy to wait until my signal changes to a new position rather than entering the market again after getting stopped out.

[NinjaTrader_RyanM1]

You'll have to look at the conditions for accepting a trade and redfine them if needed. You can see below for a reference sample on halting a strategy after user defined conditions as one approach.

http://www.ninjatrader.com/support/forum/showthread.php?t=4804

[alexkow1]

identify highs and lows within a certain timeframe

Hi,
is there a way in the conditioner to identify the high and low of the last say 1hour ?
thanks

[NinjaTrader_RyanM1]

Hello alexkow1,

Yes, see this help guide article for help on making Time comparisons with the condition buillder.

Then, within the actions, you could set a user variable to a bar high or low. This reference sample can help with using user variables in the condition builder.

[alexkow1]

only one trade at a time

hi,

thanks for your great help sofar,
I got one problem at the moment, I would like to allow only one trade at a time.
I got a strategy where a signal could occur again many times after the first and subsequently ninja trader opens new positions.
How can i change this in the conditioner?
once i got a long position for example i dont want ninja trader to generate another one (long or short) until the trade is completed.
can anyone help?

thanks

[NinjaTrader_Ben]

Hello,

Use a condition like this before your order line:
Position.MarketPosition == MarketPosition.Flat

http://www.ninjatrader-support.com/HelpGuideV6/MarketPosition.html