Moving stop losses and profit targets

[agosinv]

In my strategy I need to set a Stop Loss and Profit targets that will move under certain conditions. For example if I have a long position and the stock reaches my 1st Profit Target, I want to sell 50% of my position and move the Stop Loss and next Profit Target higher.
Is there an example of a strategy that works like this?
I am using the wizard to create my set condition but did not find a way to set these moving stop loss and profit targets
Thanks

[koganam]

In my strategy I need to set a Stop Loss and Profit targets that will move under certain conditions. For example if I have a long position and the stock reaches my 1st Profit Target, I want to sell 50% of my position and move the Stop Loss and next Profit Target higher.
Is there an example of a strategy that works like this?
I am using the wizard to create my set condition but did not find a way to set these moving stop loss and profit targets
Thanks

To perform that kind of operation, you will have to unlock the code, and use NinjaScript.

[NinjaTrader_Bertrand]

agosinv, for a working example of custom set order modification, please check into the contents of this link - http://www.ninjatrader.com/support/f...ead.php?t=3222

[agosinv]

OK. I was trying to use the wizard as I feel more comfortable with that while I make changes to the strategy.
I checked the code you sent me and I will need to find out how to incorporate it in my strategy. A good weekend project for me

Could you please explain the use of the following sentence?
Position.MarketPosition == MarketPosition.Flat

I saw the definition in the program help as following

int MarketPosition(string instrument, string account)
Gets the market position for an instrument/account combination. Returns 0 for flat, negative value for short positive value for long.

I don't understand its use. How is the current market position calculated? Is it based on the stock or my current account value?

Thanks a lot

[NinjaTrader_Bertrand]

agosinv, you're welcome - this would get your current strategy market position. This would be calculated from your strategy's conditions then.

[agosinv]

I actually found a way to set my trailing stops using the wizard. I know this may not be useful to a good programmer but for me it was important to use the wizard at list until I refine my strategy to a good level.
What I did is to open 2 long positions at the entry price instead of one (1st and 2nd). Then if my profit target is hit I close my 1st position and use a user variable to reset my stop loss to a higher value. Then I increase the value every day if the stock moves higher until my second position hits the stop loss.
It took me a while, but I got it to work.
Thanks