Separate Take Profits, Stop Loss Break Even

[RoswellTrader]

Hi there

I have a NinjaTrader 8 strategy with a Take Profit + Stop Loss set to 10 points.

I was hoping to add in an additional Take Profit at 20 points. (TP 2)

And then to specify in the code that after my 1st Take Profit is hit, the Stop Loss jumps to breakeven.

Summarized:
- Take Profit 1 is hit at 10 points, Stop Loss jumps to break even.
- Take Profit 2 is hit at 20 points OR Stop Loss is hit at break even, trade is closed.

Is this possible to code in a strategy?

Any help will be greatly appreciated.

[NinjaTrader_Gaby]

Hello RoswellTrader,

Thank you for your post.

Yes, this is possible to code in a strategy.

Please see the forum post linked below, which has some Strategy Builder examples demonstrating breakeven behavior. These can be referenced in the Strategy Builder, and you can view their code by clicking 'View Code':

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

We also have this sample script that shows how to use SetStopLoss() and SetProfitTarget() to move the stop loss and profit target to create your own breakeven logic:

https://ninjatrader.com/support/helpGuides/nt8/modifying_the_price_of_stop_lo.htm

If you have any further questions, please let us know.