Using calculated target for other functions within strategy

[stocktraderbmp]

Hi all; This is a roll over from last nights discussion:

I have calculated my profit target:

targetOrder = ExitLongLimit(0, true, execution.Order.Filled, execution.Order.AvgFillPrice + (Instrument.MasterInstrument.Round2TickSize(10 * (ATR(14)[0]))), "LE Target", "LE Mmamo2");

Please note I have used a value of ATR on the bar of entry to calculate a number of ticks to set my target at. (This is coded under 'OnExecution').

Question is ...... how do I reference this value (# of ticks from formula 10 * (ATR(14)[0]) for use in other calculations in 'OnBarUpdate'.

For example if I wished to code a proximity exit along the lines of 'If Close[2] is > 90% of my target and the most recent closes were down .... exit.

If I use 'targetOrder' .... eg (0.9 * targetOrder) ... I get error messages about using operands etc.

So far I have:

OnBarUpdate

{ //Proximity exit here. If unrealized PnL > 90% of target in the last 3 bars but price retracing, exit
if (Position.MarketPosition == MarketPosition.Long && Close[0] < Close[1] && Close[1] < Close[2] && Close[2] > (0.9 * (Instrument.MasterInstrument.Round2TickSize(15 * (ATR(5)[0]))))

if (stopOrder != null && stopOrder.StopPrice < Position.AvgPrice)
{
ExitLong(stopOrder.Quantity, "Prox-Stop", "LE Mmamo2");
}
}

Obvious problem here is I am now using a different value for ATR and as I don't know how many bars will have passed since entry I cant reference the entry bar !!!

Any suggestions please.

Ben.

Have missed Position avg price in formula above sorry. Should read:

........ && Close[2] > 0.9 * (Position.AvgPrice + (Instrument.MasterInstrument.Round2TickSize(15 * (ATR(5)[0])))))

[koganam]

Your original Target would be targetOrder.LimitPrice and the average entryPrice will be entryOrder.AvgFillPrice.

Just by looking at your code, I that know you can handle the rest.

[stocktraderbmp]

Yep thanks;

Just got up after some well earned rest. Sometimes you can't see the wood for the trees and just need to walk away for a bit.

Thanks again K. Hope you have a good holiday.

Ben.