Exit strategy

[ericgood]

hi, i would like to have a strategy that will close out my position when the unrealized profit on the trade reaches a certain cash value. how can i do that?

your help is appreciated!

EG

[NinjaTrader_RyanM1]

Hello ericgood,

There are a couple different ways to do this. You could use SetProfitTarget() method in the initialize section.

http://www.ninjatrader-support.com/HelpGuideV6/SetProfitTarget.html

You could also work with GetProfitLoss() method.

http://www.ninjatrader-support.com/HelpGuideV6/GetProfitLoss.html

[ericgood]

thanks. is there a way to do this with the strategy wizard? or do you have to open the code and manually do it?

[NinjaTrader_RyanM1]

Hello Eric,

The last page of the strategy wizard will allow you to set profit target and stop losses.

You can set calculation mode to Currency.

[ericgood]

i went to the last page of the wizard and entered what you see below or in the attachment. But this did not work for me. is there something else i need to do?

eric


[IMG]file:///C:/DOCUME%7E1/Eric/LOCALS%7E1/Temp/moz-screenshot.png[/IMG]

[NinjaTrader_RyanM1]

Hello Eric,

You've set a profit target to exit after $300 in cash profit or $1500 in losses.

What is it doing for you and what do you expect it to do?

[ericgood]

i am expecting it to close all of my orders when either the profit target or stop loss is hit. and it does neither.

thoughts?

eg

[NinjaTrader_RyanM1]

Hi Eric,

Lots of unknowns here. If you can provide a reproducible scenario for us we'll do our best to figure out what's going on.

You can add Print() statements to your code to make sure the values are what you expect.

You can add the statement TraceOrder = true; in the initialize section for some more debugging help.

http://www.ninjatrader-support.com/HelpGuideV6/TraceOrders.html