Stop loss + Profit Target

[alemandiego]

Hello,

I am working on a intra day strategy, for example ieach time that there is a doji I go long,

I need:

1. A stop loss 2 ticks bellow the doji.
2. my profit target in ticks = the size in ticks of the doji, (if the doji is 6 ticks , my profit target is 6 ticks etc)

Thank you.

Diego.-

[NinjaTrader_Jim]

Hello alemandiego,

Thanks for your first post!

Before getting into how the strategy can be written, I highly encourage watching the Strategy Builder 301 tutorial if you have not done so as it will show you how the Strategy Builder can be used to create strategies like the one you describe.

Strategy Builder 301 - https://www.youtube.com/watch?v=HCyt90GAs9k

I'm unsure what you mean by the size of the doji if a doji is considered to be when the open and close are virtually equal. If you are considering the High-Low or the Open-Close, you could consider using either of these price levels to define the profit target.

You may use the Strategy Builder to create a strategy that enters when the close and the open are equal (a doji,) and you may use SetStopLoss to set your stop loss 2 ticks from your entry. Your profit Target could be placed with one of the ExitLong methods like ExitLongLimit() if it is going to be set to a variable price. In the Strategy Builder, orders must be submitted with each iteration of the strategy logic to keep the order alive.

I've included a link to the Strategy Builder 301 tutorial as well as the documentation on the Managed Approach which is used by the Builder.

Managed Approach - https://ninjatrader.com/support/help...d_approach.htm

Please let us know if you have any additional questions.