Bollinger band for targets

[JTizz]

I have a strategy setup with a BB. When price closes above the BB i want to sell and have the middle band for profit targets. Opposite for buys. These are the setting i am using and I cannot get it to use the center BB. Any suggestions?

[NinjaTrader_Jim]

Hello JTizz,

Thanks for your post.

Stops and Targets would be used for static targets/stops that do not rely on price action. We cannot use an indicator plot here as it would be based on price action.

You will want to use Exit methods in Conditions and Actions and use an ExitLongStopMarket or ExitShortStopMarket method to submit your stop loss order. I have attached an example that uses Exit methods to control the stop loss.

Exiting a position - https://ninjatrader.com/support/help...MarketPosition

Conditions examples —https://ninjatrader.com/support/help...on_builder.htm

Actions examples — https://ninjatrader.com/support/help...us/actions.htm

We look forward to assisting.

[JTizz]

I tried your suggestions and it still doesnt work?

[NinjaTrader_Jim]

Hello JTizz,

You would not want to submit both an entry and exit method at the same time.

You just have to look at sets 1 and 2 in the example, and the MoveToBE bool can be ignored.

Set 1 checks if the position is flat and the entry condition is true and and enters. Set 2 checks if you are in a long position and places a Sell Stop Market order at the price level specified. You can use the Bollinger Band middle plot for the price level here.

If you are finding that the stop is getting ignored when you test with Default Properties > More Properties > Trace orders checked (Open a NinjaScript Output window to see Trace Order prints) then this may mean that the Bollinger band plot is currently on the other side of the market and will not allow you to submit a stop to that level. You could then create another condition that checks if the current market price is on the other side of the Bollinger band plot, and call ExitLong to have the position closed.

We look forward to assisting.

[JTizz]

THX, I added 2 more sets and it works.