dollar profit target

[rally7]

Hi,

I am interested in using specific dollar targets for exiting trades. Is there a way to link the PnL with a exit strategy? For example, lets say I am short 5 ES and my PnL reaches $500.00. NT would then send a close position order. Is this possible?

Thank you

[NinjaTrader_Ray]

Yes this is possible, you would need to monitor Position.GetProfitLoss() and then send a market order to exit.

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dollar profit target

I would like to know how to do this too.
Could code be shown please?

[NinjaTrader_Ray]

You could try something like:

if (Position.MarketPosition == MarketPosition.Long && Position.GetProfitLoss(Close[0], PerformanceUnit.Currency) > 500)
    ExitLong();

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dollar profit target

Thanks Ray,
Looks good to me.
Jim

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dollar profit target

Is there any way fpr this to be based on Realized P&L for a given time period, and not the Unrealized P&L?
Thanks,
Jim

[NinjaTrader_Ray]

Not currently. NT 6.5 will have some more features related to strategy performance.