Moving target

[HHintzen]

Who can help me?

I programmed the following strategy into the wizard
ParobolicSar:CrossBelow(ParabolicSAR(0.02,0.2,0.02), Low,1))
EnterLong(DefaultQuantity,"");

CrossAbove(ParabolicSAR(0.02,0.2,0.02), High,1))
EnterShort(DefaultQuantity,"");

SetStopLoss("", CalculationMode.Ticks,15,true);


But I would like to add a target as follows:

Target 1: 25 points: if these 25 points are not reached, the position should close at target 2.
Target 2: 20 points: if these 20 points are not reached, the position should close at target 3.
Target 3: 15 points: if these 15 points are not reached, the position should close at target 4.
Target 4: 10 points: if these 10 points are not reached, the position should close at target 5.
Target 5: 5 points: if these5 points are not reached, the position should close at target 6.
Target 6: 2 points if these 2 points are not reached, close at change of SAR.

Anather possibility, a tralingstop, but that may only start as my position has reached 7 points in de good direction.

Could someone explain how to add this target and at what location in the strategy.

Harry Hintzen

#regionVariables
// Wizard generated variables
privateintmyInput0 = 1; // Default setting for MyInput0
// User defined variables (add any user defined variables below)
#endregion

///<summary>
///This method is used to configure the strategy and is called once before any strategy method is called.
///</summary>
protectedoverridevoidInitialize()
{
Add(ParabolicSAR(0.02, 0.2, 0.02));
Add(ParabolicSAR(0.02, 0.2, 0.02));
SetStopLoss("", CalculationMode.Ticks, 15, true);

CalculateOnBarClose = true;
}

///<summary>
///Called on each bar update event (incoming tick)
///</summary>
protectedoverridevoidOnBarUpdate()
{
// Condition set 1
if(CrossBelow(ParabolicSAR(0.02, 0.2, 0.02), Low, 1))
{
EnterLong(DefaultQuantity, "");
}

// Condition set 2
if(CrossAbove(ParabolicSAR(0.02, 0.2, 0.02), High, 1))
{
EnterShort(DefaultQuantity, "");
}
}

[NinjaTrader_PatrickH]

Hello HHintzen,

Thank you for your post and welcome to the NinjaTrader Support Forum!

I would not use a Profit Target for this idea, as the limit orders will likely be rejected if submitted above the market when short or below when long. Instead use SetStopLoss in the following manner:

			if(Position.MarketPosition != MarketPosition.Flat)
			{
				if(Close[0]< Position.AvgPrice + 2*Instrument.MasterInstrument.PointValue)
					SetStopLoss(CalculationMode.Ticks, ParabolicSAR(0.02,0.2,0.02)[0]);
				else if(Close[0]< Position.AvgPrice + 5*Instrument.MasterInstrument.PointValue)
					SetStopLoss(Position.AvgPrice + 2*Instrument.MasterInstrument.PointValue);
				else if(Close[0]< Position.AvgPrice + 10*Instrument.MasterInstrument.PointValue)
					SetStopLoss(Position.AvgPrice + 5*Instrument.MasterInstrument.PointValue);
				else if(Close[0]< Position.AvgPrice + 15*Instrument.MasterInstrument.PointValue)
					SetStopLoss(Position.AvgPrice + 20*Instrument.MasterInstrument.PointValue);
				else if(Close[0]< Position.AvgPrice + 20*Instrument.MasterInstrument.PointValue)
					SetStopLoss(Position.AvgPrice + 15*Instrument.MasterInstrument.PointValue);
				else if(Close[0]< Position.AvgPrice + 25*Instrument.MasterInstrument.PointValue)
					SetStopLoss(Position.AvgPrice + 20*Instrument.MasterInstrument.PointValue);
				else
					SetStopLoss(Position.AvgPrice + 25*Instrument.MasterInstrument.PointValue);
			}

I would also recommend reviewing the reference sample at the following link: http://www.ninjatrader.com/support/f...ead.php?t=3222

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

[HHintzen]

Moving target.

Hello Patrick,

Thanks four your reaction.

Can you also tel my where I have to put this in my starategy ?

if(Position.MarketPosition != MarketPosition.Flat)
{
if(Close[0]< Position.AvgPrice + 2*Instrument.MasterInstrument.PointValue)
SetStopLoss(CalculationMode.Ticks, ParabolicSAR(0.02,0.2,0.02)[0]);
else if(Close[0]< Position.AvgPrice + 5*Instrument.MasterInstrument.PointValue)
SetStopLoss(Position.AvgPrice + 2*Instrument.MasterInstrument.PointValue);
else if(Close[0]< Position.AvgPrice + 10*Instrument.MasterInstrument.PointValue)
SetStopLoss(Position.AvgPrice + 5*Instrument.MasterInstrument.PointValue);
else if(Close[0]< Position.AvgPrice + 15*Instrument.MasterInstrument.PointValue)
SetStopLoss(Position.AvgPrice + 20*Instrument.MasterInstrument.PointValue);
else if(Close[0]< Position.AvgPrice + 20*Instrument.MasterInstrument.PointValue)
SetStopLoss(Position.AvgPrice + 15*Instrument.MasterInstrument.PointValue);
else if(Close[0]< Position.AvgPrice + 25*Instrument.MasterInstrument.PointValue)
SetStopLoss(Position.AvgPrice + 20*Instrument.MasterInstrument.PointValue);
else

[NinjaTrader_PatrickH]

Hello HHintzen,

Thank you for your response.

You can place this in the OnBarUpdate() method at any place, usually this would be placed after the entry conditions.