Problem with Take Profit

[mirkocero]

Hi everyone! I need help... here's the code:


SetProfitTarget("", CalculationMode.Ticks, TP);
SetStopLoss("", CalculationMode.Ticks, value2, false);

if (dist1 > dist2)
{
TP = entryPrice + dist1;
}
else if (dist1 <= dist2)
{
TP = value1;
}
TP, dist1, dist2, value1, value2 are ALL double variables. We’re OnBarUpdate.

Why the take profit, when the strategy decides to place it, is always only 1 tick up the entry?

Thanks!

[NinjaTrader_RyanM1]

Hello mirkocero,

Do you intend to use mode ticks? This would an integer value that specifies the number of ticks that the profit target order is placed in relation to the entry price.

TP = entryPrice + dist1;
This line here suggests that you may want to use CalculationMode.Price instead.

[koganam]

Hi everyone! I need help... here's the code:


SetProfitTarget("", CalculationMode.Ticks, TP);
SetStopLoss("", CalculationMode.Ticks, value2, false);

if (dist1 > dist2)
{
TP = entryPrice + dist1;
}
else if (dist1 <= dist2)
{
TP = value1;
}
TP, dist1, dist2, value1, value2 are ALL double variables. We’re OnBarUpdate.

Why the take profit, when the strategy decides to place it, is always only 1 tick up the entry?

Thanks!

In addition to what Ryan wrote, you are setting your SetProfitTarget() based on TP. which is being calculated after the SetProfitTarget() statement, so your SetProfitTarget() target is not what you are calculating, but whatever its last value was.