How to move profit target of order to x ticks, not open a new profit target

[ravvles]

Hello,

Is it possible to set a profit target and then adjust that profit target based on a new average price instead of creating a new profit target? For example

My strategy at the moment opens a position using

SetProfitTarget("MyEntry", CalculationMode.Ticks, 8);
EnterLong(1, "MyEntry");

Opens a long position at 16000 on NQ, profit target 16002

My strategy will then add another contract if the price drops to 15990, using the following code

SetProfitTarget("MyEntryLong2", CalculationMode.Ticks, 8);
EnterLong(1, "MyEntryLong2");

I then end up with a position that's 2 contracts total but with 2 separate profit targets. The initial profit target and a new one (15992 ) for my second entry

What I want to do is to set a profit target for all open orders, in this example my average price would be 15995 and my profit target should be 15997.

I've tried to remove the entry names - MyEntryLong1/2 from the enterlongs and setprofit target and also tried setting the "entry name" to the same value and it still sets 2 different profit targets.

Any is appreciated!

Thank you!

Ravvles

[NinjaTrader_Jesse]

Hello ravvles,

Yes that is possible, the easiest way is to just just call the SetProfitTarget again before the second entry. You also need to make sure you have the stop target handling set to by strategy position and not per execution if you wanted to update the quantity on the target instead of submitting a second target. https://ninjatrader.com/support/helpGuides/nt8/stoptargethandling.htm?zoom_highlightsub=stoptarge t

[ravvles]

Great, thanks again NinjaTrader_Jesse! It was the stop target handling that needed changing! Thank you!