Exit Order Management for Stop and Profit Order

[ziaul]

Hello,

Please suggest and provide sample code for managing exit order like below scenerio

Entry Position size: 3, LONG, price: X

Exit StopOrder size: 3, SHORT, X - 5 * TickSize
EXIT ProfitOrder size:1, SHORT, X + TickSize
EXIT ProfitOrder size:1, SHORT, X + 2 * TickSize
EXIT ProfitOrder size:1, SHORT, X + 5 * TickSize

Sample code will be helpful.

Regards,
Ziaul

[NinjaTrader_Bertrand]

Ziaul, you can look into and work with this example here to get started scaling out of your position with a script - http://www.ninjatrader.com/support/f...ead.php?t=3751

[ziaul]

Thanks for your early reply.

To solve my above issue, I write below code. Please check it and let me know.

--- code below --

signalName = "LONG_SIGNAL";

for (int counter=1;counter <= 3; counter++)
{
//Sending 1 lot, c signal name i am changing everytime
EnterShort(1, 1, signalName + counter.ToString());


//Set Stoploss and profit order
// Profit order wud be sent on different price. different level.
SetStopLoss(signalName + counter.ToString(),CalculationMode.Ticks, 3, false);

if (counter == 1)
{
SetProfitTarget(signalName + counter.ToString(), CalculationMode.Price, level1ProfitPrice);
}
else if(counter == 2)
{
SetProfitTarget(signalName + counter.ToString(), CalculationMode.Price, level2ProfitPrice);
}
else
{
SetProfitTarget(signalName + counter.ToString(), CalculationMode.Price, level3ProfitPrice);
}
}


Let me know if you need any more details.


Regards,
Ziaul

[NinjaTrader_Bertrand]

Looks good to me from a quick visual, I would now suggest giving it a test in backtesting / simulation in your preferred market - please also ensure to use the correct EntryHandling settings -

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