Unrealized Profits

[AgriTrdr]

Hi,

Is there a way to lock in unrealized profits in a script? See example below:


If max unrealized profit in a trade is $200 and if unrealized profit drops from $200 by 20% to $160, then close the position.

Thanks!

[NinjaTrader_BrandonH]

Hello AgriTrdr,

Thanks for your post.

You would need to come up with your own custom logic to calculate that specific value and then call an Exit method when that value is reached to exit the position.

Position.GetUnrealizedProfitLoss() could be used to get the Unrealized PnL of a strategy position.

Position.GetUnrealizedProfitLoss() Help Guide: https://ninjatrader.com/support/help...profitloss.htm

You could consider checking if Position.GetUnrealizedProfitLoss() is greater than or equal to 200 and set a bool to true. Then, you could create a condition that checks if the bool is true and checks if Position.GetUnrealizedProfitLoss() is less than or equal to $160 and call your Exit method to exit the position.

[AgriTrdr]

Hi Brandon,

Thank for the reply. I understand what you're saying, but this would be more dynamic and percentage based and not specific dollar amount. Let's say 20% less profit from any dollar amount.

Thanks

[NinjaTrader_BrandonH]

Hello AgriTrdr,

Thanks for your notes.

You could add custom logic to your NinjaScript strategy to calculate a certain percentage from a set amount.

For example, if you have a user-defined input set to 200, you could multiply 0.2 by the user-defined variable to get 20 percent of that value (40) and save it to a variable. Then subtract the user-defined input by the calculated percent variable to get the dollar amount (200 - 40 = 160) and assign that calculated value to a variable.

That calculated value could then be used for conditions to determine if the Position.GetUnrealizedProfitLoss() is less than or equal to the calculated value.

Please let us know if we may assist further.