How to set profit target bollinger Bands

[Italianforex]

Hi,I can't find a solution how to set the profit target at the middle band of the bollinger indicator in the strategy builder.Is there somebody that can help me?

Thanks

[NinjaTrader_PaulH]

Hello Italianforex,

Thanks for your post and welcome to the NinjaTrader forums!

Are you using the NT8 Strategy Builder or are you writing directly in Ninjascript to create your strategy?

[Italianforex]

I'm usiny NT8 Strategy Builder.

Thanks

[NinjaTrader_PaulH]

Hello Italianforex,

Thanks for your reply.

The strategy builder provides a SetProfitTarget() however this cannot be used for a dynamically changing value such as the Bollinger as the profit target is set when the strategy is loaded.

To accomplish your goal you would need to create a set that:
1) Checks to see that you are in a long position (Using Strategy>Current MarketPosition == Strategy>MarketPosition>Long
2) add a check to see if the price is at or greater than the Bolllinger middle band (using Price>High[0] >= Indicator>Bollinger>value plot middle)
3) as an action, calls ExitLong()

You would then need to create another set to cover the short exit.

[DudaoRJ]

Hello, I'm facing a similar problem (I want to exit at the upper bollinger band). I tried to create a dynamic profit target on the upper band using the strategy builder but it didn't work. Could you please provide a sample code for this solution? The 3 steps above weren't enough for me (sorry, I can't code). Thank you.

[NinjaTrader_PaulH]

Hello DudaoRJ,

Thanks for your post.

Please see the help guide for the conditions builder which shows examples, here is a link to the page for your convenience: https://ninjatrader.com/support/help...on_builder.htm

Also, here is a link to a recorded webinar on the Strategy Builder: https://www.youtube.com/watch?v=HCyt...We0Nf&index=11

I've attached a screenshot of what the strategy builder conditions window would look like when checking to see if you are in a long position and if the close of the bar closes above the upper band of the bollinger indicator, the action to then exit long.