Profit Target (Cash) in Forex

[Syrinxgroup]

Hello,

I'm testing out the Profit Target Total Position (Cash) function in the NinjaScript editor, and I need some assistance in understanding how it is calculated.

For background, I'm testing a forex strategy, and I want to get $100 profit per trade.

Would the "SetProfitTarget(100)" be the appropriate command or is there some other way this would be coded?

Please let me know if you need any other information.

Thanks.

[NinjaTrader_AdamP]

Syrinxgroup,

I am happy to assist you.

Yes, that would be 100 dollars in profit. SetProfitTarget() with 1 input variable expects a double (decimal) currency value.

For more information, please see the following link : http://www.ninjatrader.com/support/h...ofittarget.htm

Please let me know if I may assist further.

[Syrinxgroup]

Adam,

Thanks for your reply.

Unfortunately, I'm not a programmer, and some of what you said was well beyond me.

Could you please clarify, if possible, what "1 input variable expects a double (decimal) currency value" means is simpler language? I'm sorry if this sounds like an elementary question.

Regards,
Neel.

[NinjaTrader_AdamP]

Syrinxgroup,

Sure, no problem.

In programming, a "double" variable is essentially a decimal number, such as 3.14159 . There are other data types as well such as "int" for integer (i.e. -2,-1,0,1,2,...), "bool" for boolean which is true or false, and many other data types.

Essentially, SetProfitTarget(100.01) will set your profit target at 100 dollars and 1 cents in currency.

Please let me know if I may assist further.

[Syrinxgroup]

Thanks, I think I get it now. I'll get in touch if I have any other questions. Appreciate the help.

Regards,
Neel.