1 to 1 Stop and Target Based off InsideBar from previous Candle

[Day_Storay1]

I am new to the strategy builder and struggling to figure out how to set a 1 to 1 take profit based off my Stop which is based off the the previous candles high or low with a one tick offset. My strategy is simple, time based, Trades on the RTY, 5 minute candles, InsideBar for entry. If price break out of the Inside Bars range by one tick it enter in that direction. and then sets the stop on the oppositie end of the Inside bar. I just cant figure out how to set the Take Profit, again based off the Stop. So if the stop is minus 15 ticks, my Take Profit will be plus 15 ticks. Any information to help is appreciated! Thank you in advance!

[NinjaTrader_ChelseaB]

Hello Day_Storay1,

Welcome to the NinjaTrader forums!

In the Strategy Builder you will need to use a custom series to do math with the Offset.

If the stop price is being calculated as the open of an up / green bar, the Close with the offset subtracting the Open would be the distance in price from the close to the open.
Save this distance to a variable, and you can use the offset from the Close adding this variable as the price for the limit order (profit target).

Below is a link to a forum post discussing using offsets to do math.

https://forum.ninjatrader.com/forum/ninjatrader-8/indicator-development/1078475-setting-a-crossover-within-n-bars-form-another-condition?p=1078538#post1078538

As well as a link to a forum post showing how to save a price to a variable and supply this to an order as the price.

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

[Day_Storay1]

do you happen to have any examples? ok that does send me in the right direction!

[NinjaTrader_ChelseaB]

Hello Day_Storay1,

I'm not aware of an example of exactly the calculation you are trying to do, just general examples that show using the offset to do math.