scaling out of longstoplimit order?

[benww604]

my goals:
1. enter with qty 2
2. exit with 1st target 10 ticks
3. trail stop 10 ticks

from what I've read so far, I would need the following:

EntriesPerDirection = 1;
EntryHandling = EntryHandling.UniqueEntries;

SetProfitTarget("Long 1a", CalculationMode.Ticks, 10);
SetTrailStop(CalculationMode.Ticks, 10);

EnterLong("Long 1a");
EnterLong("Long 1b");

I've tried inputting these but have gotten errors. I think it's from my labelling "Long 1a" in the wrong lines....

My working code so far (with qty 1):
{
#region Variables
// Wizard generated variables
private int myInput0 = 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>
protected override void Initialize()
{
Add(WMA(30));
SetStopLoss("", CalculationMode.Ticks, 20, false);

CalculateOnBarClose = true;
}

/// <summary>
/// Called on each bar update event (incoming tick)
/// </summary>
protected override void OnBarUpdate()
{
// Condition set 1
if (Close[0] > WMA(30)[0])
{
EnterLongStopLimit(DefaultQuantity, High[0] + 2 * TickSize, High[0] + 2 * TickSize, "");
}

// Condition set 2
if (Close[0] < EMA(9)[0])
{
ExitLong("", "");
}
}

Thank you in advance

[NinjaTrader_CalH]

Hello benww604,

Thank you for your post.

Are you changing the DefaultQuantity property when running the backtest?

This would default to a value of 1 unless changed.

Additionally, are the orders getting placed when entering, or are the orders not filling as expected?

[benww604]

Thanks Cal, using the samplescaleout I was able to figure it out. I used a simple entry/exit to understand

protected override void Initialize()
{
EntriesPerDirection = 1;
EntryHandling = EntryHandling.UniqueEntries;

CalculateOnBarClose = true;

SetProfitTarget("long1", CalculationMode.Ticks, 10);
SetTrailStop("", CalculationMode.Ticks, 10, false);

}

/// <summary>
/// Called on each bar update event (incoming tick)
/// </summary>
protected override void OnBarUpdate()
{
// Condition set 1
if (CrossAbove(Close, EMA(3), 1))
{
if (Position.MarketPosition == MarketPosition.Flat)
{
EnterLong("long1");
EnterLong("long2");
}
}

}

[benww604]

maybe I spoke too soon, or have gotten myself confused lol

I've successfully coded with 2 qty @ market order, exit at 2 different targets with:
SetProfitTarget("long1", CalculationMode.Ticks, 8);
SetProfitTarget("long2", CalculationMode.Ticks, 15);
&
EnterLong("long1");
EnterLong("long2");

now how do I do the same with a EnterLongStopLimit?

I know how to enter 1 qty as
EnterLongStopLimit(DefaultQuantity, High[0] + 2 * TickSize, High[0] + 2 * TickSize, "");

Thanks again

[benww604]

It works now if I edit the code to:
EnterLongStopLimit(1, High[0] + 2 * TickSize, High[0] + 2 * TickSize, "long1");
EnterLongStopLimit(1, High[0] + 2 * TickSize, High[0] + 2 * TickSize, "long2");