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Closing positions once gain/loss target set

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    Closing positions once gain/loss target set

    I have desperately been trying to figure this one out. I am new to strategy trading so I still lack a good knowledge of NinjaTrader strategy creation. However, I am wanting to construct what I believe to be a very simply strategy but cant seem to figure out how:

    I am wanting to program a strategy that will close all open positions as soon as my unrealized gains in my account reach a certain target or hit a certain stop. Thats it, nothing more. Can someone please advise. It would be greatly appreciated!

    #2
    Hello,

    I suggest storing your entry price then tracking price as it changes using GetCurrentBid() or GetCurrentAsk() to understand where your open position is in profitability.
    DenNinjaTrader Customer Service

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      #3
      Ben, Thanks for the response. Could you give me some more detailed info. as far as how to write a strategy that would accomplish this? I dont know where to begin as far as the structuring of an automated strategy. Thanks.

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        #4
        Please see this reference sample: http://www.ninjatrader-support2.com/...ead.php?t=4084
        Josh P.NinjaTrader Customer Service

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