End Strategy on Realized Profit

[lvaduva]

Is there a way to end strategy once relaized profit of say one pt is reached for the day?

[NinjaTrader_JoshP]

lvaduva,

This can be done through custom programming. Please see this reference sample: http://www.ninjatrader-support2.com/...ead.php?t=4084

[lvaduva]

I tried

if (Performance.RealtimeTrades.TradesPerformance.Curr ency.CumProfit >= 130 || Performance.RealtimeTrades.TradesPerformance.Curre ncy.CumProfit <= 500)
{
return;
}


I tried the above code in simulation trading and it does not stop strategy upon 130 profit....is there anything wrong in the code. I followed the example put in the link

[NinjaTrader_JoshP]

If you are not in real-time you should not use .RealtimeTrades.

[lvaduva]

I am in real time...the price is changing and i am watching it. what i mean by simulation is that i am not using real money.

[NinjaTrader_JoshP]

Suggest you try printing the value of Performance.RealtimeTrades.TradesPerformance.Curre ncy.CumProfit to see what it is being evaluated as along the way.

[lvaduva]

How do I print that and where do i check the print out?

[NinjaTrader_JoshP]

You can just use the Print() method. Put in whatever you want to print inside the parenthesis. It will show up in the Tools>Output Window.

[lvaduva]

Code

The code is doing what it is suppose to but the strategy does not stop it keeps trading. Can you see if you can find bug?

[NinjaTrader_Austin]

lvaduva, try placing the code snippet to stop trading before all the other parts of the strategy, not after.

   
protected override void OnBarUpdate()
{
     if(Performance.RealtimeTrades.TradesPerformance.Currency.CumProfit > 130 || Performance.RealtimeTrades.TradesPerformance.Currency.CumProfit < -500)
         return;

// the rest of your code goes here
}

[lvaduva]

Thanks Ausitn that works great. Now one last question, if I wanted to run this in backtest, do I need to change .RealtimeTrades. to something else?

I was also curious, in backtest if I choose to trade only between 9am and 4pm are the ema averages affected by this versus if I choose 12am to 12am?

[NinjaTrader_JoshP]

In backtest, you could try .AllTrades.

Depends how you decide to limit the time. If you limit it by Start/End times of the sessions then the EMAs will only be calculated based on that time range. If you limit trading through code but leave start/end as 12am-12am then the EMAs will not be limited.

[lvaduva]

oh i didn't know i could limit through code....do you have an example of this, i'd really like to make that part of my core code. or maybe let me know the function, i'd really appreciate it.

[NinjaTrader_JoshP]

Please see: http://www.ninjatrader-support2.com/...ead.php?t=3226

[lvaduva]

I have a problem in backtesting. While in back testbacktest I would like to have the strategy evaluated such that once a price target is hit or a stop loss target is hit daily in the back test, the strategy would stop trading untill the next day and then begin again. Here is what I coded, but this makes the strategy take only one trade and then stops in the backtest. How can I modify so that it continues as outlined above for the whole time period, about a month?

protectedoverridevoid OnBarUpdate()
{
// At the start of a new session
if ((ToTime(Time[0]) >= 90000 && ToTime(Time[0]) < 160000))
{
if(Performance.AllTrades.TradesPerformance.Currency. CumProfit > 200 || Performance.AllTrades.TradesPerformance.Currency.C umProfit < -1350)
{
return;
}




// Condition set 1
if (CrossAbove(EMA(Median, 4), SMA(Median, 21), 1) && Position.MarketPosition == MarketPosition.Flat)
{
EnterLong(DefaultQuantity, "");


}
}
}