Profit Targets & Stop Loss in Percentage doesn't work.

[tjendra]

I was testing a simple strategy with candlestick pattern. Go long with a Morning Star, Go Short with an Evening Star with a Profit Target of 1% and a Stop Loss of 1%. The code generated by the strategy builder is shown below. Using ticks, the Stop Loss and Profit Target execute correctly, but using percentage, it doesn't execute the Stop Loss and Profit Target orders. See attached chart for the trades done.

namespace NinjaTrader.NinjaScript.Strategies
{
public class CandlestickStrategy : Strategy
{
private CandlestickPattern CandlestickPattern1;
private CandlestickPattern CandlestickPattern2;

protected override void OnStateChange()
{
if (State == State.SetDefaults)
{
Description = @"Candlestick Strategy";
Name = "CandlestickStrategy";
Calculate = Calculate.OnBarClose;
EntriesPerDirection = 1;
EntryHandling = EntryHandling.AllEntries;
IsExitOnSessionCloseStrategy = false;
ExitOnSessionCloseSeconds = 30;
IsFillLimitOnTouch = false;
MaximumBarsLookBack = MaximumBarsLookBack.TwoHundredFiftySix;
OrderFillResolution = OrderFillResolution.Standard;
Slippage = 0;
StartBehavior = StartBehavior.WaitUntilFlat;
TimeInForce = TimeInForce.Gtc;
TraceOrders = true;
RealtimeErrorHandling = RealtimeErrorHandling.StopCancelClose;
StopTargetHandling = StopTargetHandling.PerEntryExecution;
BarsRequiredToTrade = 20;
// Disable this property for performance gains in Strategy Analyzer optimizations
// See the Help Guide for additional information
IsInstantiatedOnEachOptimizationIteration = true;
}
else if (State == State.Configure)
{
}
else if (State == State.DataLoaded)
{
CandlestickPattern1 = CandlestickPattern(Close, ChartPattern.MorningStar, 0);
CandlestickPattern2 = CandlestickPattern(Close, ChartPattern.EveningStar, 0);
CandlestickPattern1.Plots[0].Brush = Brushes.Navy;
AddChartIndicator(CandlestickPattern1);
SetProfitTarget(@"", CalculationMode.Percent, 1);
SetStopLoss(@"", CalculationMode.Percent, 1, false);
}
}

protected override void OnBarUpdate()
{
if (BarsInProgress != 0)
return;

if (CurrentBars[0] < 1)
return;

// Set 1
if (CandlestickPattern1[0] == 1)
{
EnterLong(Convert.ToInt32(DefaultQuantity), @"Long");
}

// Set 2
if (CandlestickPattern2[0] == 1)
{
EnterShort(Convert.ToInt32(DefaultQuantity), @"Short");
}

}
}
}

[NinjaTrader_ChelseaB]

Hello tjendra,

As a tip, to export a NinjaTrader 8 NinjaScript so this can be shared and imported by the recipient do the following:

1. Click Tools -> Export -> NinjaScript...
2. Click the 'add' link -> check the box(es) for the script(s) and reference(s) you want to include
3. Click the 'Export' button
4. Enter a unique name for the file in the value for 'File name:'
5. Choose a save location -> click Save
6. Click OK to clear the export location message

By default your exported file will be in the following location:

• (My) Documents/NinjaTrader 8/bin/Custom/ExportNinjaScript/<export_file_name.zip>

Below is a link to the help guide on Exporting NinjaScripts.
http://ninjatrader.com/support/helpG...-us/export.htm


For CalculationMode.Percent to get:
5% use 0.05
50% use 0.5
500% use 5.0


I would also encourage you to just look at the prices the orders are being submitted at with the values you are using on the Orders tab of the the Strategy Performance window.

https://ninjatrader.com/support/helpGuides/nt8/index.html?working_with_automated_strateg.htm#ViewingStrategyPerformance

https://ninjatrader.com/support/helpGuides/nt8/index.html?strategies_tab.htm#HowToViewStrategyPerformance

[tjendra]

Thanks Chelsea!