Set Quantity in SetProfitTarget and SetStopLoss?

[Serac]

In my trading, I am using two positions. I enter both at the same time, both with the same stoploss. One position has a target, the other does not and is considered a runner. Once the target is filled, I typically modify the stop for the remaining position.

I currently use two different orders to do this. So, when I enter the market, I place two trades, back to back. This works, but I pay double the commission per signal.

Is there a way to set a quantity in SetProfitTarget, so that can enter once, and have the target affect only 1/2 of my order quantity?

I know I could do the target and stoploss with exit limit and stop orders, but this significantly complicates the logic.

Is there a simpler implementation using the managed SetStopLoss/SetProfitTarget functions?

Thanks!

[NinjaTrader_JC]

Hello Serac,

SetProfitTarget() will automatically set the order quantity so you would not be able to set the order quantity. You may want to use an ATM Strategy inside your Strategy to be able to set up to 3 different Profit Targets so that you can leave one a runner.

http://www.ninjatrader.com/support/helpGuides/nt7/atm_strategy_methods.htm

There is a sample of using ATM strategies located in Tools > Edit NinjaScript > Strategy > SampleATMStrategy.

[Serac]

This looks interesting. I was unaware that I could control an ATM strategy automatically.

Would this really be simpler and/or more elegant than foregoing using SetProfitTarget in a strategy and using ExitLongLimit with LiveUntilCanceled = True?

[NinjaTrader_JC]

Hello Serac,

I believe it is yes. It keeps everything structured and handled by NinjaTrader so you do not have to worry about writing additional lines of code.