How SetProfitTarget/SetStopLoss calculate its exact price

[ckkoh_sgp]

Hi,

Would like to know how do SetProfitTarget() and SetStopLoss() exactly set the respective price value when uses the tick value in CalculationMode.Ticks? Which reference price value do these functions use to calculate the exact StopLoss and Profit Target price, given the ticks as input?

Thanks in advance.

[NinjaTrader_PatrickH]

Hello ckkoh_sgp,

Thank you for your post.

When using CalculationMode.Ticks for the Set() methods you need to set an int for a number of ticks away from the average entry price. For example:

SetProfitTarget(CalculationMode.Ticks, 8); // sets profit target 8 ticks from average entry price.

You can find an example of using ticks for the Set() methods at the following link: http://www.ninjatrader.com/support/f...ead.php?t=5790