Reducing tartget

[raefon72]

Hi guys,

I have a profit trigger for lifting my stop when the trade is going my way. I am trying to reduce my target when it goes against me too far. I had it working and it sort of works but I am missing somthing its probably staring me in the face and I cant see it.

I am using // to stop one from working while I test the other.

Any help appreciated.

Thanks Raef

if ( (BarsInProgress == 0)
&& barcounter > 3
&& Low[0] < Position.AvgPrice - (Triggerlevel2) * TickSize)
{
SetProfitTarget(CalculationMode.Price, (Position.AvgPrice + Trlveloffset2 * TickSize));
//ExitLongLimit (Position.AvgPrice - Trlveloffset2 * TickSize);
PlaySound(@"C:\Program Files (x86)\NinjaTrader 7\sounds\AutoBreakEven.wav");

}

[NinjaTrader_Bertrand]

Raef, do you work that code with CalculateOnBarClose = false so it could trigger intrabar as your tick trigger is hit / touched?

[raefon72]

Hi Bertrand,

Not at this stage I would preffer not to on bar update would still allow time to move the target. Im mainly on 10min chart so pleanty of time. The trigger I am using seems to be correct its just the repositioning of the target that has problems it has worked then I have changed somthing and it stopped working.

Thanks raef

[NinjaTrader_Bertrand]

Ok, do you remember what you have changed in your code? If you position this from BarsInProgress 0 without any COBC = false then it could only update the price level for the target every 10 min bar, so this would not adjust at the exact trigger level hit likely.

[raefon72]

Thanks.

I must have somthing else wrong somewhere else if the scripting looks ok I will keep working on it.

ThanksRaef