Help with Profit Target (@ EMA) and Stop Loss

[abtrad1ng]

Hello, I am creating a strategy where I need to exit my position for profit when price touches the 10 ema, and stop for a loss if the low of my entry bar is breached. I need your help!

(1) My first issue: Profit Target @ 10EMA

- The only way I have found success doing this is by the following (first screen shot) in strategy builder.

- If I attempt to do the ema profit target in the actual stops and targets window of strategy builder, it just breaks the strategy and doesn't sell at all. (2nd screen shot). Would this not update the profit target each bar as the ema is being re calculated?

(2) Struggling to place a stop order.

- I am trying desperately (LOL) to make a stop at the low of my entry bar, and would like it to remain at the low of my entry bar until its either hit, or my 10 ema profit target is hit. Could you please help me set that up in the strategy builder window? I have tried many things, but can't seem to get it to work.

- as a compromise I have tried making an exit position order if after the close of the next bar it is lower than the low of my entrybar, but this doesn't work. 3rd screenshot is shown.

- I have also tried doing a hard stop value in the stops and targets window, but this somehow voids my profit target at 10 ema causing it not to trigger.

Any help with this is strongly appreciated. Thank you!!

[NinjaTrader_ChelseaB]

Hello abtrad1ng,

The stops and targets added by the strategy builder cannot use price or indicator information as these are added in State.Configure and not in OnBarUpdate where the data is processed. No, these would not update for each bar as the ema is being recalculated.

See below for details.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/strategy-development/1142876-stop-loss-and-profit-target-based-on-atr?p=1142942#post1142942

Add a double variable. When the entry order is submitted set the double variable to Price -> Low.

Create a condition set. Compare the Position to be Market Position Long.
For the action select Order management -> Exit long stop by a stop order. Set the Stop Price to Misc -> your variable name.

Below is a link to an example of setting a stop that has breakeven. You can use this as an example of setting a stop order. You do not have to implement the logic to change the price variable.

https://ninjatrader.com/support/forum/forum/suggestions-and-feedback/suggestions-and-feedback-aa/103992-request-breakeven-functions-in-strategy-builder?p=806596#post806596