Dynamic orders

[TexFly]

Hello,

That's what I would like to accomplish:

Scenario:
Strategy "A" has
SetProfitTarget("A", CalculationMode.Percent, 0.1); //10%
SetStopLoss("A", CalculationMode.Percent, 0.05, false); //5%

I want to adjust the profit order so that when the 10% is hit the code adds a limit order to the current price of the instrument so that if the instruments goes below it closes the position. Also, the SetProfitTarget order goes from 10% to 15%.

Is this possible?

Thanks!

[NinjaTrader_PatrickH]

Hello TexFly,

Thank you for your post.

If the 10% level is hit the Profit Target will be filled, so adjustments and additional orders could not be made to the now closed position.

However you may wish to set a condition to submit a Limit order to exit below the current price once the 10 % level is hit but have your Profit Target initially at 15%, that way the Profit Target is not filled at 10%.

Please let me know if this analysis of your example is correct.

[TexFly]

Ok, that makes sense.

How do I calculate the % of profit in the code and how do I memorize the price level?

Can you give me some suggestion?

Thanks!

[TexFly]

Ok, I got that part by myself using
Position.GetProfitLoss(Close[0], PerformanceUnit.Percent (pretty cool BTW)

Now...what's the best way of (for exmaple) cutting the position in half when that condition is triggered?

TARGET: When position > 10% cut position in half, when >=15% close it all

Thanks!

[NinjaTrader_PatrickH]

Hello TexFly,

Thank you for your response.

You can use Position.Quantity/2, for information on Position.Quantity please visit the following link: http://www.ninjatrader.com/support/h...7/quantity.htm

Please let me know if I may be of further assistance.