How to reset set Profit Target

[dafonseca]

I want to set SetProfitTarget("", CalculationMode.Percent, stopGainNumber); depending on some inyrday condition.. Meaning that, sometimes the strategy will work with no SetProfitTarget and due to some condition "triggered" it will begin working with some.

My problem is when SetProfitTarget is set up, and then, I need to reset the strategy to no SetprofitTarget.

How can I reset it, once I comand this:.

SetProfitTarget("", CalculationMode.Percent, stopGainNumber);

??

[NinjaTrader_PatrickH]

Hello dafonseca,

Thank you for your post.

Unfortunately, this would not be possible. You would instead need to use an Exit() method: http://www.ninjatrader.com/support/h...d_approach.htm

[Torso]

Hi dafonseca,

I have the same situation, I use different target / stops. It's a way:

#region Variables
private double percentTarget = 99; // Default setting for PercentTarget
private double percentStop = 99; // Default setting for PercentStop
#endregion

protected override void Initialize()
{
SetProfitTarget("", CalculationMode.Percent, percentTarget);
SetStopLoss("", CalculationMode.Percent, percentStop, false);
CalculateOnBarClose = true;
}


protected override void OnBarUpdate()
{
if
( (ToTime(Time[0]) >= 080000) && (ToTime(Time[0]) <= 093059) ||
(ToTime(Time[0]) >= 094700) && (ToTime(Time[0]) <= 142659) ) /*use your intraday condition, e.g. timeframes*/
{
percentStop = 0.0025;
percentTarget = 0.0021;
//Print(Time[0].ToString() );
}
else
{
percentStop = 99;
percentTarget = 99;
}


// Now Trading
if (CrossAbove(Close, ParabolicSAR(Acc, AccMax, AccStep), 1 /*use your trading conditions*/))
{
EnterShort(DefaultQuantity, "ShortTrader");
SetProfitTarget("", CalculationMode.Percent, percentTarget);
SetStopLoss("", CalculationMode.Percent, percentStop, false);
}

}

Torso