Percent targets

[Deanmadar]

Hi

Can anyone please provide me a simple strategy builder code line for NT8 that executes this on a 30 minute chart frame:

Profit target

Currently have 200 shares of a xyz long

want to execute 100 shares at 10% increase in price.

want to execute 100 shares at 20% increase in price.

This is not achievable thru SetProfitTarget since it only exits the entire position. I need to scale out without creating 2 different entry signals.

I want to have one entry signal and 2-3 profit targets.

thanks in advance

[NinjaTrader_AlanP]

Hello Deanmadar,

Thank you for your note.

You could see the following example on scaling out of a position,

https://ninjatrader.com/support/forum/showthread.php?t=3751

What you could do is enter two long positions for the same product, each with a unique name, 100 shares each, and then use setprofittaget for each. Under this approach you would set EntryHandling = EntryHandling.UniqueEntries; and EntriesPerDirection to 1.

This will allow, EnterLong("LongA") and EnterLong("LongB") to be executed.

Then you can use,

SetProfitTarget("LongA", CalculationMode.Ticks, 10)
SetProfitTarget("LongB", CalculationMode.Ticks, 20)

Please see,

https://ninjatrader.com/support/helpGuides/nt8/en-us/?entryhandling.htm

https://ninjatrader.com/support/helpGuides/nt8/en-us/?entriesperdirection.htm

Please let us know if you need further assistance.