How to combine Exit orders with TakeTrofit

[rfsettling]

Hello, I have an idea to exit position with ExitStopLimit, for example

EnterLong("Basic Entry");
ExitLongStopLimit(stopPrice - (1 * TickSize), stopPrice, "Exit Stop Limit", "Basic Entry");

It works ok, but now I'm trying to set take profit exit.
I tried standard approach with TakeProft, like this

SetProfitTarget("Basic Entry",CalculationMode.Ticks,takeProftLevel);

but it says it is impossible (see internal order handling rules). Is there any possible way to set take profit order?

[NinjaTrader_AlanP]

Hello rfsettling,

If you would like to set both a profit target and stop loss you should use, SetProfitTarget and SetStopLoss methods together, which would be tied together with an OCO.

See SetStopLoss section of our helpguide,

You cannot use SetProfitTarget and ExitLongStopLimit, and the reason why is explained at the following link under, Internal Order Handling Rules that Reduce Unwanted Positions,

Please let us know if you need further assistance.

[rfsettling]

I understand that I cannot use standard SetProfitTarget, it was clear from the very start. My question is not about SetProfitTarget, but about any other way to reach the same result

[NinjaTrader_ChelseaB]

Hello rfsettling,

Once the buy entry is filled, in OnExecution place an ExitLongLimit() order above the bid price for the profit target and ExitLongStopLimit() (or ExitLongStopMarket) order below the bid price for the stop loss. For both, use the fromEntrySignal of the entry order.

ExitLongLimit - http://ninjatrader.com/support/helpG...tlonglimit.htm
ExitLongStopLimit - http://ninjatrader.com/support/helpG...gstoplimit.htm

[rfsettling]

Thanks a lot. It works