Profit Target Closed After Certain Amount

[Emma1]

Please, is it sufficient to apply this trade for Ninjatrader to work (codewise).Example Trades are placed to execute immediately. The EA closes all trades for a certain level of Profit Target for the day. No indicator concluded in the trade.Thank you..

[NinjaTrader_ChrisL]

Hello.

Thanks for the post.

Your question sounds like you would like to stop trading after a certain total profit has been reached.

The reference sample given below demonstrates that will stop itself if there are three consecutive losing trades. You can use the same concept to check for your profit and then stop trading for the rest of the day.

https://ninjatrader.com/support/forum/showthread.php?t=19289

Ex:

if(SystemPerformance.AllTrades.TradesPerformance.GrossProfit > X)
{
    //Do something
}

You may also use the Account class in your strategy to get information on the account the strategy is running on:

https://ninjatrader.com/support/helpGuides/nt8/en-us/?account_class.htm

Please let us know if you have any questions.

[Emma1]

Hello.

Thanks for the post.

Your question sounds like you would like to stop trading after a certain total profit has been reached.

The reference sample given below demonstrates that will stop itself if there are three consecutive losing trades. You can use the same concept to check for your profit and then stop trading for the rest of the day.

https://ninjatrader.com/support/forum/showthread.php?t=19289

Ex:

if(SystemPerformance.AllTrades.TradesPerformance.GrossProfit > X)
{
    //Do something
}

You may also use the Account class in your strategy to get information on the account the strategy is running on:

https://ninjatrader.com/support/helpGuides/nt8/en-us/?account_class.htm

Please let us know if you have any questions.

In the attached example above (SampleTradeObjects.cs) you suggested,Uses Adx , My Question is , can similar code work and achieve the result with out Indicators. Thank you

[Emma1]

In the attached example above (SampleTradeObjects.cs) you suggested,Uses Adx , My Question is , can similar code result in profit and achieve the result without Indicators. Thank you.

[NinjaTrader_ChrisL]

Hello Emma1,

thanks for the reply.

The indicators used in strategies are just a way to assist with calculations. If you were to use no indicators, you could write the code for whatever calculations the indicator is doing within the script. You can use indicators in a script so you do not have to keep writing the same code and everything can be modularized.

Please let me know if I may be of any further assistance.

[Emma1]

In the attached example above (SampleTradeObjects.cs) you suggested,Uses Adx , My Question is , can similar code work and achieve the result with out Indicators. Thank you

I am currently coding in NT7. Not sure if the same Account class is in NT7.

[NinjaTrader_ChrisL]

Hello Emma1,

thanks for the reply.

The Account class is not documented in NinjaTrader 7. You may use the Performance class in NinjaTrader 7 as demonstrated by the NinjaTrader 7 version of the reference sample.

https://ninjatrader.com/support/forum/showthread.php?t=19289

Please let us know if you have any questions.