exit position X current price.

[dafonseca]

I d like to exit long and short in case of a price retracement. As this proce retracement would occur in intrument [1] rather than instrument [0]I can not make any relation to the trade results.
I need something like this: if instrument 1 retraces 50% of its intraday move .. exit long..
Any clue?

[NinjaTrader_PaulH]

Hello dafonseca,

Thanks for your post.

Multi-instrument strategies can be run in Ninjatrader. For your best understanding, please do read/review: http://www.ninjatrader.com/support/h...nstruments.htm

[dafonseca]

I am get used to multi strategy. my problem is this kind of "exitorder" which uses intraday parameters.

how can I generate an order due to a retracement in the price on any instrument [0,1,1..etc]?
what is the best approach?

[NinjaTrader_PaulH]

Hello dafonseca,

Thanks for your reply.

You have two things to accomplish, first to build your multi instrument strategy code to determine when you have a 50% retracement in the one instrument and then place your exit order in the other instrument. The type of order would depend on if you are using the managed or unmanaged approach. Here are links to both:

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?managed_approach.htm

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?unmanaged_approach.htm