Profit Targets

[stefy]

Hi

I wrote a system and I'd like to apply a profit target, not a static one based on fixed nr of pips, but proportional to the ATR.

To do so, after my conditions to enter/exit trades, I wrote:

// Condition set 3
if (Close[0] > Position.AvgPrice * (1 + ATR(14)[0]))

{
ExitLong("TAKEPROFIT", " BUY");
}

It doesn't work though, like if those lines were not present, the system trades regardless.

What did I forget please?

Any help greatly appreciated

[NinjaTrader_Dierk]

I suggest debugging your code as per here: http://www.ninjatrader-support.com/v...ead.php?t=3418

[stefy]

Hi Ray,

Thank you for the link, but I didn't find anything close to what I need.

Could you please just watch the line of code and tell me if it's right? I just want to take profit conditional to a certain value of an indicator.

Otherwise, are there any strategy examples?

Many thanks

[NinjaTrader_Dierk]

You might find additional info on NinjaScript coding issues here: http://www.ninjatrader-support.com/v...splay.php?f=30

Also: Please check your logs for funny messages.

[KBJ]

I think your target will be way too big (or small if ATR is negative.)

Maybe you want something more like this...

if (Close[0] > (Position.AvgPrice + (multiplier * ATR(14)[0])))
{
  ExitLong...
}

Where "multiplier" is determined by your strategy.