SetProfitTarget Eecution

[kiss987]

Does the SetProfitTarget order is performed as limit order or sop-market order?

Thanks

[NinjaTrader_ShawnB]

Hello kiss987,


A SetProfitTarget() typically generates a limit profit target order to exit a position.


This is different from limit and stop loss orders as they can be used to enter a position.


Here is the SetProfitTarget() Help Guide to assist you further.

[kiss987]

Thank you,

Is there a way to make the SetProfitTarget generate a stop-market order instead?

[NinjaTrader_ShawnB]

Hello kiss987,


SetProfitTarget() will generate a limit order. You could use any of the Order Methods to enter or exit as position based on your conditions.
Here is an example using EnterLong() or ExitLong() to configure a market order


For example:


if (Position.MarketPosition == MarketPosition.Long && Close[0] == myExitPrice)
ExitLong();
if (Position.MarketPosition == MarketPosition.Short && Close[0] == myExitPrice)
ExitShort();


Here is a link to the Order Methods Help Guide Order Methods.