pairs trading automatically close both trades when unrealized profit =x

[terminatorT1000]

I know there must be a way to do this but I can't figure out how to do it with the strategy builder or the market analyzer. Lets say I have a spread trade where I am long one index and short another, I don't want a separate stop and take profit on either trade but to just close both of them at the same time. Alerts in the market analyzer always want to know which market you want to apply it to, and if you apply it to all, it will close the profitable trade but not the unprofitable trade. Is there any way around this without going into custom programming? Thanks in advance!

[NinjaTrader_Kate]

Hello terminatorT1000,

Thank you for your post.

This wouldn't be possible with either the Strategy Builder, as that cannot submit trades to an added data series which would be necessary, nor would it be possible with a Market Analyzer alert. This would require a manually coded automated strategy, as you can only submit orders to a secondary series via a manually coded script. That would be the only way to manage both trades at the same time.

I would suggest if you are interested in going this route that you go over this section of our help guide first:

https://ninjatrader.com/support/helpGuides/nt8/multi-time_frame__instruments.htm

If you are in need of resources to assist you in learning to code NinjaScript Strategies by hand, I'm happy to provide you with those.

You can also contact one of our professional NinjaScript Consultants or Educators who would be eager to create or modify a script at your request or assist you with your script. Please let me know if you would like a list of professional NinjaScript Consultants or Educators who would be happy to create or modify any script at your request or assist you in learning NinjaScript.

Please let me know if I may be of further assistance.