5 bar high or low, SetStopLoss and SetProfitTarget

[henryblack]

I want to set my stop loss at five-bar low or high from entry.
For example, for a long entry and 5-bar low:
SetStopLoss("long entry", CalculationMode.Price, five-bar low, false);

How can I express the five-bar low to return the double value for the SetStopLoss. Should I use mutiple time frames, add barsarray ?
Please help.
And if I want to set my profit target at the number of ticks that the 5 bar high or low is away from my entry price, how can I express that in the SetProfitTarget?

For example, for a long entry and 5-bar low:

SetProfitTarget("long entry", CalculationMode.Price, Position.AvgPrice + (Position.AvgPrice - five-bar low))


Does the above return the double value I need for my profit target or should I use CalculationMode.Ticks and in that case how can I express the price difference in ticks?
Thanks in advance for any help.

[NinjaTrader_Bertrand]

henryblack, welcome to the forums here - I just responded to the note you send to support, please let me know if this helps. Thanks

[henryblack]

I want my profit target to be as many ticks away from my entry price as the 5-bar low.

SetProfitTarget("long entry", CalculationMode.Price, Position.AvgPrice + (Position.AvgPrice - MIN(Low, 5)[0]))

Would the above give me the correct value?

[NinjaTrader_JoshP]

henryblack,

That would be correct. Please be sure to do this in OnBarUpdate().

[henryblack]

I want to exit half of my position at risk and and the other half at two times risk.
if (..)
{
EnterLong(DefaultQuantity, "long1");
EnterLong(DefaultQuantity, "long2");
SetProfitTarget("long1", CalculationMode.Price, Position.AvgPrice + (Position.AvgPrice - MIN(Low, 5)[0]));
SetProfitTarget("long2", CalculationMode.Price, Position.AvgPrice + (2 * (Position.AvgPrice - MIN(Low, 5)[0])));
SetStopLoss("long1", CalculationMode.Price, MIN(Low, 5)[0]);
SetStopLoss("long2", CalculationMode.Price, MIN(Low, 5)[0]);
}

Now, if my first target is filled, I want to move the stop loss for the long2 entry signal to break even. What should I put as a condition for this and would the following work?

if (....)
{
SetStopLoss(CalculationMode.Price, Position.AvgPrice);

}
Would the expression
Position.MarketPosition == DefaultQuantity
work for my example?

[NinjaTrader_Bertrand]

henryblack, for moving your stop losses on custom conditions please refer to this sample here - http://www.ninjatrader-support2.com/...ead.php?t=3222

For a more granular approach a more advanced concept can be used -

http://www.ninjatrader-support2.com/vb/showthread.php?t=7499