Price Decrease Strategy

[onlinebusiness]

Hi

How can I set a condition when the unRealized PnL go bellow a certain amount, I exit the trade?

example: when the unrealized PnL cross bellow $100, the strategy exit the trade.

And I don't mean when the unrealized pnL < $100. no, I want the condition when the unrealized PnL cross bellow $100, let's say it reach $105 then it go back bellow $100, that's when it triggers.
Like when we add MA lines to cross up or cross bellow.

is there anyway to have this condition?

[NinjaTrader_ChelseaB]

Hello onlinebusiness,

Below is a link to an example of a daily loss limit which provides sample logic.
https://ninjatrader.com/support/foru...ples#post93881

The PositionAccount.GetUnrealizedProfitLoss() will provide the UnrealizedPnL. You can compare this to be less than 100.

[onlinebusiness]

Hello Chelsea, thanks for the replay.

I checked these examples before, I don't think they have the condition I am looking for.
Can you highlight where I can find that condition exactly?

[NinjaTrader_ChelseaB]

Hello onlinebusiness,

// if in a position and the realized day's PnL plus the position PnL is greater than the loss limit then exit the order
if (Position.MarketPosition == MarketPosition.Long
&& (currentPnL + Position.GetUnrealizedProfitLoss(PerformanceUnit.C urrency, Close[0])) <= -LossLimit)
{
//Print((currentPnL+Position.GetProfitLoss(Close[0], PerformanceUnit.Currency)) + " - " + -LossLimit);
// print to the output window if the daily limit is hit in the middle of a trade
Print("daily limit hit, exiting order " + Time[0].ToString());
ExitLong("Daily Limit Exit", "long1");
}

The currentPnL could be removed from this if you only want to focus on the unrealized and not the total PnL, and Position would be replaced with PositionAccount.

[onlinebusiness]

if (Position.MarketPosition == MarketPosition.Long && (Position.GetUnrealizedProfitLoss(PerformanceUnit.C urrency, Close[0])) <= -LossLimit)

Correct me if I am wrong please: this line of code above will give me the condition when the Unrealized PnL is lower or equal to my specifiedLossLimit, correct?

if that's true, that is not what I want.

What I want is when the Unrealized PnL Crosses bellow my LossLimit.

example: at certain point my unraelized PnL reach $105, then after few seconds, it goes back to $99. that moment when it crosses from above $100 to bellow $100. that what I need the condition to detect.
So it's when it crosses bellow a certain amount, or crosses above a certain amount.

[NinjaTrader_ChelseaB]

Hello onlinebusiness,

In the example I provided, this would only occur once as the position would change from long to flat and the condition would no longer evaluate as true. So it would trigger once at the moment the pnl crosses below the limit level.

However, you can choose to implement your own strategy. Try using a bool.
Set a bool to true the first time the value is less than the desired amount. This will be the moment it crosses below.
Require the bool to be false in the conditions that trigger the action.

[onlinebusiness]

Hello NinjaTrader_ChelseaB

So this is what I did so Far:

//This namespace holds Strategies in this folder and is required. Do not change it.
namespace NinjaTrader.NinjaScript.Strategies
{
    public class MinProfitStrategy: Strategy
    {
        protected override void OnStateChange()
        {
            if (State == State.SetDefaults)
            {
                Description                                    = @"Enter the description for your new custom Strategy here.";
                Name                                        = "MinProfitstrategy";
                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;
                MinProfit                                        = 100;
            }
            else if (State == State.Configure)
            {
            }
        }
        private double DayPnL;

        private void PnL()
            {    
            if (Position.MarketPosition == MarketPosition.Long && (Position.GetUnrealizedProfitLoss(PerformanceUnit.Currency, Close[0])) <= MinProfit)

                Account.FlattenEverything();
            }

        #region Properties
        [NinjaScriptProperty]
        [Range(1, double.MaxValue)]
        [Display(Name="MinProfit", Description="The amount the profit cross bellow", Order=1, GroupName="Parameters")]
        public double MinProfit
        { get; set; }
        #endregion
    }
}​

But when my Unrealized PnL is more than $100 then it goes bellow $100 (like $99, $90 or $80). The condition doesn't trigger to close the trade.

I am sure I am doing something wrong, can you please check my code and see needs to be edited? I would be very thankful.

The idea is that I want to set some trails of the accumulated profit, like $100, $150, $200 ....
once my profit reach any of those trails, and the market reverse on me and I start loosing my accumulated profit, the strategy should close at any of the trail profit I reached.
So if I reached $100 or more in profit, and the market reversed, the strategy would close the trade the moment the profit go down $100 or $99.

I hope my explanation is clear enough
Thank you

[NinjaTrader_ChelseaB]

Hello onlinebusiness,

Enter a position with EnterLong() to open a strategy position.

Use ExitLong() to exit the long position of the strategy.

Use Calculate.OnPriceChange() to trigger the exit intra-bar in real-time.

Use print to understand the behavior.

Print the time of the bar, print all values compared in the condition, add labels for each value and comparison operator.
Save the output to a text file and include this with your reply.
https://ninjatrader.com/support/foru...121#post791121