Multiple exits...

[advs108]

Hello There,

I'm trying to setup several targets for my strategy and I have some problems.... Stop loss and auto break even is working fine, but not the partial exits on different targets.
Can you help me to solve that please ?

Here's my code :

Variables :

 // Default setting for StopLoss
                  private int stopL = 12; 
		// Default setting for Target 1
		 private int target1 = 10;
		// Default setting for Target 2
		 private int target2 = 24;
		// Default setting for position Size
		 private int nbcontracts = 2;
		// Default setting for buffer entry
		 private int bufferentry = 2;
		// Default setting for break even +1 level
		 private int breakeven = 6;

The stops and break even +1 :

// Resets the stop loss to the original value when all positions are closed			
					
			if (Position.MarketPosition == MarketPosition.Flat)
			{
				SetStopLoss(CalculationMode.Ticks, stopL);
			}		
			
/////////// Break even part /////////
			
			
			
			// If a long position is open, allow for stop loss modification to breakeven
			
			else if (Position.MarketPosition == MarketPosition.Long)	
				
			{
				// Once the price is greater than entry price +x ticks, set stop loss to breakeven +1
				if (High[0] >= Position.AvgPrice + breakeven * TickSize)
				{
					SetStopLoss(CalculationMode.Price, Position.AvgPrice +1 * TickSize);
				}
			}			
			
			
			
			// If a short position is open, allow for stop loss modification to breakeven
			
			else if (Position.MarketPosition == MarketPosition.Short)	
				
			{
				
			// Once the price is greater than entry price -x ticks, set stop loss to breakeven +1
				
				if (Low[0] <= Position.AvgPrice - breakeven * TickSize)
				{
					SetStopLoss(CalculationMode.Price, Position.AvgPrice -1 * TickSize);
				}
			}			
			
			
			
/////////// End Break even part /////////

And then, entry condition and exits :

i

f (  My conditions here )

        {
                		EnterShortStop(nbcontracts, Low[0] - bufferentry * TickSize, "WIISignalShort1"); 
						
				ExitShortStop(1, target1, "Exit1WIISignalShort1", "WIISignalShort1");
				ExitShortStop(1, target2, "Exit2WIISignalShort1", "WIISignalShort1");
							
          }

I probably have a problem of syntax, but I cannot find it.... I'm stuck...
All the best !

[NinjaTrader_Brett]

Hello,

Thank you for your forum post.

I just wanted to let you know that we received your note and you will have a response from someone this weekend or at the latest Monday.

Thank You for your patience.

[Charlieangel67]

auto exit fm strategy after daily loss met

Hi I tring to find information on auto exit strategy or void strategy after meeting my daily loss. Anybody can help. tks

[advs108]

Hello There !

I found the solution in this thread :

http://www.ninjatrader.com/support/forum/showthread.php?t=3751

It works perfectly !
Thank you very much for this great knowledge base.

[Charlieangel67]

Thank you very much for helping.

[NinjaTrader_Brett]

Hello,

Thank you for your response Advs108!

If you have any questions after Advs108s response please let me know.

Thank You.

[advs108]

Ok, multi entries and multi exits functionality is working well !

Now I have a little problem concerning the size of the positions. I want my strategy to trade on Forex and I want to be able to trade standard lots or mini lots.
With my broker, 1 standard lot is = 1
How should I code my position size to be able to trade one mini ? 0.01

here's my code :
Variables :

// Default setting for position Size, part 1

 private int nbcontracts1 = 1;

// Default setting for position Size, part 2

 private int nbcontracts2 = 1;

The order part, multi entry :

// Only allow entries if we have no current positions open

if (Position.MarketPosition == MarketPosition.Flat)
{
	EnterLongStop(nbcontracts1, High[0] + bufferentry * TickSize, "SignalLong1a");
	EnterLongStop(nbcontracts2, High[0] + bufferentry * TickSize, "SignalLong1b");
					
}

I want to be able to define "nbcontracts1" and "nbcontracts1" as mini lots, something like 0.01 I think....
How can I do that ?

Thank you very much for all of your help !

[NinjaTrader_Brett]

Hello,

Please see the following information for Forex quantity sizing and let me know if you have any questions:

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

Let me know if I can be of further assistance.

[advs108]

Hello,

Yes, I read this doc.... And I understood it.
If I'm using 1, my strategy is submitting an order of one lot. What I want is to be able to enter mini lots, 0.01 I think.
How to do that ?

Thank you for your help

[NinjaTrader_JoshP]

advs108,

This depends on your brokerage and your particular account. You will need to consult with your brokerage at what quantity you should be submitting your orders at to represent 1 mini lot.

[advs108]

Hello Josh,

1 mini, with my broker is 10 000. So, I was thinking my strat. should submit 0.01. This is not an int, but a double.
How can I write the code I posted in the thread below, in order to submit the good quantity ?

Thank you for your help.

[NinjaTrader_Bertrand]

You're nbcontracts is defined as int, so it would not allow a double input, try defining those double variables instead.

However, you should be able to go with int's as well for trading a unit qty of 10000 which is a FX mini lot.

[advs108]

Yes, right.

But how to make EnterLongStop accept double ? instead of int ?

[NinjaTrader_Brett]

Hello,

QTY will have to be an INT for this method. You should not need to use a qty size of .01 based on what you mentioned, for your broker you should be using a qty size of 10000. Keep the variables as an INT and using 10000 as this equals 1 mini lot for your broker.

Let me know if I can be of further assistance.

[advs108]

Ok, I understand.
So, I made a test.
I'm connected to my broker and used the Sim101 account.
My strategy is sending 10 000.
And looking at the P&L, the strat is sending 10 000 Lots, not 1 mini....

Any idea ?
Thank you for your help