Dynamic Profit

[AgriTrdr]

Hi,

I would like to include a logic in my strategy where to keep trading until profits drops to 75% of the max profit reached. For example, if I'm trading and I've reached $100 in profits. I would keep trading until the profits fall 75%.

So far, I’ve been able to successfully create the logic to get the currentPL for the day where it resets at the beginning of the day. I need help with creating a logic to get 75% of the max profit reached?

#region Using declarations

using System;

using System.Collections.Generic;

using System.ComponentModel;

using System.ComponentModel.DataAnnotations;

using System.Linq;

using System.Text;

using System.Threading.Tasks;

using System.Windows;

using System.Windows.Input;

using System.Windows.Media;

using System.Xml.Serialization;

using NinjaTrader.Cbi;

using NinjaTrader.Gui;

using NinjaTrader.Gui.Chart;

using NinjaTrader.Gui.SuperDom;

using NinjaTrader.Gui.Tools;

using NinjaTrader.Data;

using NinjaTrader.NinjaScript;

using NinjaTrader.Core.FloatingPoint;

using NinjaTrader.NinjaScript.Indicators;

using NinjaTrader.NinjaScript.DrawingTools;

#endregion




//This namespace holds Strategies in this folder and is required. Do not change it.

namespace NinjaTrader.NinjaScript.Strategies

{

public class DynamicPLExample : Strategy

{

private bool stoptrading = false;

private double Accumulated = 0;

private double UnrealizedPL;

private double RealizedPL;

private double CurrentPL;



protected override void OnStateChange()

{

if (State == State.SetDefaults)

{

Description = @"Enter the description for your new custom Strategy here.";

Name = "DynamicPLExample";

Calculate = Calculate.OnBarClose;

EntriesPerDirection = 1;

EntryHandling = EntryHandling.AllEntries;

IsExitOnSessionCloseStrategy = true;

ExitOnSessionCloseSeconds = 30;

IsFillLimitOnTouch = false;

MaximumBarsLookBack = MaximumBarsLookBack.TwoHundredFiftySix;

OrderFillResolution = OrderFillResolution.Standard;

Slippage = 0;

StartBehavior = StartBehavior.WaitUntilFlat;

TimeInForce = TimeInForce.Gtc;

TraceOrders = false;

RealtimeErrorHandling = RealtimeErrorHandling.StopCancelClose;

StopTargetHandling = StopTargetHandling.PerEntryExecution;

BarsRequiredToTrade = 20;

// Disable this property for performance gains in Strategy Analyzer optimizations

// See the Help Guide for additional information

IsInstantiatedOnEachOptimizationIteration = true;

}

else if (State == State.Configure)

{

}

}




protected override void OnBarUpdate()

{

if (BarsInProgress != 0)

return;




if (CurrentBars[0] < 1)

return;


RealizedPL = SystemPerformance.AllTrades.TradesPerformance.Currency.CumProfit - Accumulated;



UnrealizedPL = Position.GetUnrealizedProfitLoss(PerformanceUnit.Currency, Closes[0][0]);



CurrentPL = RealizedPL + UnrealizedPL;
​



if (Bars.IsFirstBarOfSession)

{

Print(Instrument.FullName + "|" + "ProfitLoss:" + "|" + ProfitLoss);

Print(Instrument.FullName + "|" + "CurrentPL:" + "|" + CurrentPL);

Accumulated = SystemPerformance.AllTrades.TradesPerformance.Currency.CumProfit;

stoptrading = false;

}



//Entry Logic



if ((Position.MarketPosition == MarketPosition.Long) || (Position.MarketPosition == MarketPosition.Short))

{

[COLOR=#e74c3c]if (CurrentPL > {Need Logic Here} If CurrentPL is 75% OffsetTextConverter max profit preached)[/COLOR]

{

stoptrading = true;

}



}

}

}
​

[NinjaTrader_Gaby]

Hello AgriTrdr,

Thank you for your post.

You would need to do some math to calculate 75% of the max profit. From the code, it looks like you are storing this max value in a variable called Accumulated and the current pnl in CurrentPL? In that case, you could do something like:

if (CurrentPL <= (Accumulated * 0.75))
// stop trading

Please let us know if you have any further quesitons.

[AgriTrdr]

So in the strategy Accumulated is just keeping all the profits and not the net profit. Would I be able to do something like this?

I tried the below but it's giving me an error CS1501 on MaxProfit = Math.Max(CurrentPL);

private double MaxProfit;

OnBarUpdate()
{

CurrentPL = RealizedPL + UnrealizedPL;
​
MaxProfit = Math.Max(CurrentPL);

if (CurrentPL <= (MaxProfit * 0.75))
// stop trading

[NinjaTrader_Gaby]

Hello AgriTdr,

Math.Max is supposed to return the larger of two numbers, however you are only supplying one.

https://learn.microsoft.com/en-us/dotnet/api/system.math.max?view=net-8.0

If you want to obtain the net profit just use NetProfit property.

https://ninjatrader.com/support/helpguides/nt8/netprofit.htm

Please let us know if you have any further questions.

[AgriTrdr]

So I believe NetProfit only gives the current NetProfit and not the max NetProfit that was in the strategy. I think I need to hold the max CurrentPL somehow and do the first logic example that you had provided.