How to add two SetProfitTargets for one Entry order?

[handlar]

When I use a managed approach, I place one limit order 2 lots. Then I want to place two profit targets by 1 lot each. Can I do that using the Managed Approach?

Can you provide me an example of code doing that?
Thank you.

[NinjaTrader_PaulH]

Hello handlar,

Thanks for your post.

In the managed approach, the "set" methods will only deal with the total position (note that there is not a quantity field in the set method overloads), however this can be done through the use of "signal names" as described in the help guide for managed approach here: (See the section, " Order Entry Methods"): https://ninjatrader.com/support/help...d_approach.htm

Using signal names would require you to place two entry orders with a different signal name, then you can create the set methods with those signal names and their respective target/stop values. The signal names also auto create the OCO relationship between SetProfit and SetStopLoss.

Example:

if (entry Condition)
{
SetProfitTarget("my1stentry, CalculationMode.Ticks, 10);
SetProfitTarget("my2ndentry, CalculationMode.Ticks, 20);
SetStopLoss(CalculationMode.Ticks, 10); // would apply to both entries if there there is no other signal named set stop loss.
EnterLongLimit( 1, myLimitPrice, "my1stentry");
EnterLongLimit( 1, myLimitPrice, "my2ndentry");
}

Please Note that this will also require you to change the setting of entries per direction or EntryHandling:

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

Here is another example using multiple entry and exits (Not using set methods): https://ninjatrader.com/support/help..._exit_sign.htm

[handlar]

Thank you, PaulH! I'll try this approach.