Strategy Builder profit target exit quantity

[paypachaysa]

Hello,

I'm a complete novice at coding and have had some success with a strategy in the builder. Is there a simple way to set a profit target but only sell half the position (of 2 contracts) to leave a runner?

Thanks in advance!

[_WELD_]

[COLOR=#2ecc71]if [/COLOR](High[[COLOR=#2ecc71]0[/COLOR]] > High[[COLOR=#2ecc71]1[/COLOR]])         [COLOR=#16a085]// <- whatever your condition is to exit[/COLOR]
{
ExitLong(Convert.ToInt32(Position.Quantity/2), [COLOR=#2980b9]@"halfcover"[/COLOR], [COLOR=#2980b9]@"entry[/COLOR]"); [COLOR=#16a085]//assumes a long trade for this example
// the  @"halfcover" is name I gave the this signal, you can make up your own.
// @"entry" has to be replaced with whatever signal name you gave your entry[/COLOR]
}

[paypachaysa]

Thank you WELD!

[woltah231]

Hi Paypachaysa,

You could as well do this:

namespace NinjaTrader.NinjaScript.Strategies
{
    public class MyCustomStrategy : Strategy
    {
        private int qty = 6;

        protected override void OnStateChange()
        {   
            if (State == State.SetDefaults)
            {   
                Description = @"Enter the description for your new custom Strategy here.";
                Name = "MyCustomStrategy";
                Calculate = Calculate.OnBarClose;
                EntriesPerDirection = 1;
                EntryHandling = EntryHandling.AllEntries;
                IsExitOnSessionCloseStrategy = true;
                ExitOnSessionCloseSeconds = 30;
                IsFillLimitOnTouch = false;
                MaximumBarsLookBack = MaximumBarsLookBack.TwoHundredFiftySix;
                OrderFillResolution = OrderFillResolution.Standard;
                Slippage = 0;
                StartBehavior = StartBehavior.WaitUntilFlat;
                TimeInForce = TimeInForce.Gtc;
                TraceOrders = false;
                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)
            {
            }
        }   

        protected override void OnBarUpdate()
        {   
            // Get current profit
            double netProfit = SystemPerformance.AllTrades.TradesPerformance.NetProfit;

            // Always make sure that number of bars that have passed are greater than BarsRequiredToTrade
            if (CurrentBar >= BarsRequiredToTrade)
            {
                // Enter a position
                EnterLong(qty);

                // Check if net profit is greater than 200
                if (netProfit > 200);
                {
                    // Exit position in half quantity
                    ExitLong(qty / 2);
                }
            }   
        }   
    }   
}

Coding it this way, you're able to set a profit target then exit a position in half quantity.

I hope this helpful.

---

I build useful software systems for financial markets
Generate automated strategies in NinjaTrader : www.stratgen.io

[paypachaysa]

woltah231,

This is very helpful thank you. I managed to get this to compile without errors but it is not working as expected. It buys 2 and sells one $.25 apart. I must be doing something wrong with the check profit.. Can you see my error here. This is the first thing I've ever tried to work with code. Sorry!

protected override void OnBarUpdate()
{
double netProfit = SystemPerformance.AllTrades.TradesPerformance.NetP rofit;

if (BarsInProgress != 0)
return;

if (CurrentBars[0] < 0)
return;

// Set 1
if (ninZaSolarWind1.Signal_Trade[0] == 1)

{
EnterLong(2, "");

}


if (netProfit > 200);

{
ExitLong(2 / 2);

}


// Set 2
if (ninZaSolarWind1.Signal_Trade[0] == -1)
{
EnterShort(2, "");

}

if (netProfit > 200);

{

ExitShort(2 / 2);
}

}
}

[woltah231]

Hello Paypachaysa,

I gave you the wrong solution. netProfit is an overall profit so we shouldn't be using it to check if we made profit for the current position. Here's the actual solution:

public class MyCustomStrategy : Strategy
{
    private int qty = 1;
    private double enteredPrice = 0;

    protected override void OnStateChange()
    {   
        if (State == State.SetDefaults)
        {   
            Description = @"Enter the description for your new custom Strategy here.";
            Name = "MyCustomStrategy";
            Calculate = Calculate.OnBarClose;
            EntriesPerDirection = 1;
            EntryHandling = EntryHandling.AllEntries;
            IsExitOnSessionCloseStrategy = true;
            ExitOnSessionCloseSeconds = 30;
            IsFillLimitOnTouch = false;
            MaximumBarsLookBack = MaximumBarsLookBack.TwoHundredFiftySix;
            OrderFillResolution = OrderFillResolution.Standard;
            Slippage = 0;
            StartBehavior = StartBehavior.WaitUntilFlat;
            TimeInForce = TimeInForce.Gtc;
            TraceOrders = false;
            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)
        {
        }
    }

    protected override void OnBarUpdate()
    {   
        double LossLimitPerDay = 2000;
        double bigPointValue = Bars.Instrument.MasterInstrument.PointValue;

        // Always make sure that number of bars that have passed are greater than BarsRequiredToTrade
        if (CurrentBar >= BarsRequiredToTrade)
        {   
            // NOTE: I'm using CL 1 Day data series that's why I'm using $2000 stop loss and profit.
            // NOTE: Feel free to change Stop Loss and Profit price
            EnterLong(qty, "Entered Long");

            int barsSinceEntry = BarsSinceEntryExecution();

            // Get entered price
            if (barsSinceEntry == 0) {
                // Get actual price of instrument using big point value
                enteredPrice = Position.AveragePrice * bigPointValue;
            }

            // Make sure we're in long position
            if (Position.MarketPosition == MarketPosition.Long)
            {
                // If profit is greater than 2000, exit long.
                if (((Close[0] * bigPointValue) - 2000) > enteredPrice)
                {   
                    ExitLong(qty, "Exit with Profit", "Entered Long");
                }   

                // If loss is lesser than 2000, exit long
                if (((Close[0] * bigPointValue) + LossLimitPerDay) < enteredPrice)
                {   
                    ExitLong(qty, "Stop Loss", "Entered Long");
                }
            }   
        }
    }
}

In this code, I used CL 1 Day data series so the LossLimitPerDay and Profit Target is big. if (((Close[0] * bigPointValue) - 2000) > enteredPrice), this validation basically checks if the gap of current Close and Entered Price is greater than $2000. The same logic is used for Stop Loss.

Let me know if this works for you.

---

I build useful software systems for financial markets
Generate automated strategies in NinjaTrader : www.stratgen.io

[paypachaysa]

Thank you, would it be the same code and smaller dollar value if I am looking for $50 intraday?

[woltah231]

Hello Paypachaysa,

Yes, you can use the same code.

---

I build useful software systems for financial markets
Generate automated strategies in NinjaTrader : www.stratgen.io