Pending order at price touch - need help

[lux12]

hallo there,

i need your help. seach a lot but didnt find a solution.
maybe its very simple...

if the market goes up to a price level i set, i want to generate a short pending order
at a lower price. if possible with stop and take profit.

like this:
market is at 100$
i want to activate a pending order if the price reachs 120$
so if the price comes down to 90$ i want to go short with 20$ stop and 50$ take profit.

you can also call it: make a pending order if horizontal line is broken...

i am sure its very simple but i found everything but not my problem in the web.
so i hope you can help me.

best regards and thanks

lux

[NinjaTrader_PaulH]

Hello lux12,

Thanks for your post and welcome to the forums!

You can create a strategy that compares the current price to the horizontal line value and when price crosses above the line value you can then place a ShortStopLimit() order at the $90 level. You can use the setStopLoss() and SetProfitTarget() methods to the place a stop loss and profit target as soon as the entry order is filled.

references:
http://ninjatrader.com/support/helpG...tstoplimit.htm
http://ninjatrader.com/support/helpG...etstoploss.htm
http://ninjatrader.com/support/helpG...ofittarget.htm

You can create the strategy directly in Ninjascript or through the strategy wizard.
http://ninjatrader.com/support/helpG...strategies.htm

[lux12]

thank you for reply - i will test it this week.

best regards