Variable Declaration?

[GreenTrade]

I would like to only access a variable if market position is flat. When I code the following I get the error message "Embedded statement cannot be a declaration or labeled statement."

protected override void OnBarUpdate()
{
if(Position.MarketPosition==MarketPosition.Flat)
double valuex = EMA(20);

//other random code//
}

Any ideas how to fix?
Thanks
GT

[NinjaTrader_Ray]

double valuex = EMA(20)[0];

[GreenTrade]

OK that was pretty dumb by me. Thanks for the quick fix. But what about declaring a variable with an equation? i.e.

protected override void OnBarUpdate()
{
//various entry logic

if(Position.MarketPosition==MarketPosition.Long)
double LongExit = ((Position.AvgPrice - MIN(Low, 20)[BarsSinceEntry)*3))+Position.AvgPrice;
SetProfitTarget(CalculationMode.Price, LongExit);
}

1) I am receiving the same error message listed in the earlier post. Any thoughts?
2) Do I need to use OnPositionUpdate for the profit target to begin working immediately upon entry or does the Position.MarketPosition==MarketPosition.Long accomplish that?
Thanks.

GT

[NinjaTrader_JoshP]

double LongExit = ((Position.AvgPrice - MIN(Low, 20)[BarsSinceEntry]*3))+Position.AvgPrice;

[GreenTrade]

Two obvious typos in a row. Sorry and thanks. I was still getting the same error message until I "fixed" the code by adding brackets (shown below) but now the profit target always keeps the value from the initial long position on the chart which a lot of the time is way under the market. So when it enters a long position it exits on the same bar way under the actual market.

if(Position.MarketPosition==MarketPosition.Long)
{
double LongExit = ((Position.AvgPrice - MIN(Low,20)[BarsSinceEntry()] * 3)) + Position.AvgPrice;
SetProfitTarget(CalculationMode.Price, LongExit);
}

How do I reset/recalculate the profit target when I enter a new long position? Thanks.

GT

[NinjaTrader_Ray]

You could add at the top of OnBarUpdate() something like:

if (Position.MarketPosition == MarketPosition.Flat)
    SetProfitTarget(CalculationMode.Ticks, someReasonableOffsetValue);

Then once you have entered your position, call the method again and set the specific price you want.

[GreenTrade]

Thanks again for the quick reply. When I try putting the code in the top of the OnBarUpdate() section, once the position is entered the profit target never recalculates with the code under if(Position.MarketPosition==Market.Position==Long) . I also took the variable LongExit out and added the calculation code into the SetProfitTarget line. If I leave the suggested code out it calculates correctly for only the first position. If I leave it in it never recalculates. Any more ideas on how to get this to recalculated for each new position? Code now looks like this:

if(Position.MarketPosition==MarketPosition.Long)

SetProfitTarget(CalculationMode.Price, ((Position.AvgPrice - MIN(Low,20)[BarsSinceEntry()] * 3)) + Position.AvgPrice) ;

Thanks again,
GT

[NinjaTrader_Ray]

You likely will have to debug your code. Here is a reference sample that illustrates the basic concepts.

http://www.ninjatrader-support.com/vb/showthread.php?t=3222