entry price variable

[james377]

is this correct code to set a variable to the current open trade entry price?

double EntryPrice = Position.AvgPrice;

[NinjaTrader_RyanM1]

Hello James377,

That will be an average of all current open positions. If you have only one, that should work for you.

If you wanted the price of a specific fill, you would have to expose this value using the IExecution interface.

http://www.ninjatrader.com/support/forum/showthread.php?t=33893

[james377]

does SetProfitTarget("", CalculationMode.Ticks, EntryPrice + profitfactor);

use entry price automatically if I just said

SetProfitTarget("", CalculationMode.Ticks, 5); for example...is that the same as setting

SetProfitTarget("", CalculationMode.Ticks, EntryPrice + profitfactor);

with profitfactor being 5??

[NinjaTrader_RyanM1]

No, those are not the same statements.

CalculationMode.Ticks will place an order in relation to entry price, and you don't have to specify entry price.

Example: YM long entry at 10,000
SetProfitTarget("", CalculationMode.Ticks, 5);

Above statement places sell limit order at 10,005.