SetProfitTarget

[eleven]

Once in a trade can SetProfitTarget be adjusted with every bar close? Meaning can I change the profit target dynamically with every bar close with SetProfitTarget in OnBarUpdate method?

Thanks,
Eleven

[NinjaTrader_Austin]

eleven, yes you can call SetProfitTarget() whenever you wish. Please see the help guide entry for SetProfitTarget() for details.

[eleven]

Thanks Austin. I set a profit target on 60 min and 15 min bars in a MTF strategy at the same time (not knowingly). Back testing this strategy yielded very good results. What was happening was that if profit target was reached on 60 min it would exit trade, if not it would fall back to the less agressive profit target of the 15 min bars and exit trade. Basically, it would always default to the best trade. Real time testing this would fall apart. I think I got this figured out now.

[Trader.Jon]

I want that 'default' just like Hillary Clinton did

... What was happening was that if profit target was reached on 60 min it would exit trade, if not it would fall back to the less agressive profit target of the 15 min bars and exit trade. Basically, it would always default to the best trade. Real time testing this would fall apart. I think I got this figured out now.

eleven,

How are you coding 'default to the best trade' ? If you have a 60min bar, and have to wait 15min to have a compare, the price @60min isnt there anymore.

Jon