Why are separate orders sharing the same stop and profit targets?

[TradeWithGusto]

Howdy y'all,

I am trying to work out why my script applies a shared stop loss and profit target instead of having it uniquely applied to each order. Would love to have your insight.

Example of the case I am trying to solve:



In this example I set my profit target to be $250. LongEntry_170 gains $100 whereas LongEntry_171 gains $150. Combined this results in a gain of $250. However, my goal is for each trade to individually target $250.

Here is a code snippet.

if (longEntryConditionsAreMet()) {

   longTradeCount++;
   string longEntryName = "LongEntry_" + longTradeCount;  // Unique name for each long entry order

   // Place long order with unique name
   EnterLong(longEntryName);

   // Set stop-loss and profit target for the trade
    SetStopLoss(longEntryName, CalculationMode.Currency, StopLoss, false);
    SetProfitTarget(longEntryName, CalculationMode.Currency, ProfitTarget);
}

I have also been playing with the following settings but they yield the same results.

Entry Handling -> Unique
Entry Handling -> All

Thank you for taking the time to read my post. Looking forward to hearing some feedback.

-Gustav

[NinjaTrader_ChrisL]

Hello, thanks for writing in. You should first try setting your stop and target orders before submitting the entry order. This will arm the strategy to submit the stop and target order on the next submitted order.

[TradeWithGusto]

Thanks, Chris. Gave that a try but had the same results as above. I went ahead and switched

CalculationMode.Currency

to

CalculationMode.Ticks

.

This resolved the issue.

Is there a reason this would work with ticks but not currency? In both cases I would assume it still handles the order individually regardless of how we set the stop loss/profit target.

[NinjaTrader_ChrisL]

Hi, its because when you use Currency the stop value will be placed based on the average entry price. After the first entry, it will adjust the stop value based on the newest average entry price that is seen. See the documentation for some more information on each of the calcuation modes:

https://ninjatrader.com/support/helpGuides/nt8/NT%20HelpGuide%20English.html?setprofittarget.htm