Exit Strategy with point values not working

[moon_121]

Hi,
I am testing a FX strategy with an exit after a certain profit. The code works fine if I define the profit in percent or currency. But if I set the PerformanceUnit to points, the strategy fails to exit at the correct moment. How can I fix this?
Code with currency

if (Performance.AllTrades.TradesPerformance.Currency.CumProfit + Position.GetProfitLoss(Close[0], PerformanceUnit.Currency) >= Profit)
            {
                ExitLong("", "");
                ExitShort("", "");
            }

Code with points

if (Performance.AllTrades.TradesPerformance.Points.CumProfit + Position.GetProfitLoss(Close[0], PerformanceUnit.Points) >= Profit)
            {
                ExitLong("", "");
                ExitShort("", "");
             }

[NinjaTrader_Lance]

What is the value you are using for Profit?

Depending on the increment you are using you may need to multiply Profit by TisckSize to get the desired size.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?ticksize.htm

Let me know if I can be of further assistance.

[moon_121]

I added the TickSize but still get the same result. NT is not checking the unrealized profit, only the reacts on the realized profit.
"Profit" is a double variable. I am using 20 Ticks as profit target in this test.

if (Performance.AllTrades.TradesPerformance.Points.CumProfit + Position.GetProfitLoss(Close[0], PerformanceUnit.Points) >= Profit * TickSize)
            {
                ExitLong("", "");
                ExitShort("", "");
             }

[NinjaTrader_Lance]

Add a Print() statement before this if statement to ensure the values are as expected

Print(Performance.AllTrades.TradesPerformance.Poin ts.CumProfit);
Print(Position.GetProfitLoss(Close[0], PerformanceUnit.Points);
Print(Profit *TickSize);

You can watch the output by going to tools -> output window.

Let me know what you find.

[moon_121]

Print

Ok, my code (with generic strategy) looks like this:

// Check variable and enter trade
            if (Variable1 == 0)
        
            // Beginn of strategy
            {
                // Condition set 1
                if (SMA(Close, P1)[0] > SMA(Close, P1)[1])
                {
                    EnterLong(DefaultQuantity, "");
                }

                // Condition set 2
                if (SMA(Close, P1)[0] < SMA(Close, P1)[1])
                {
                    EnterShort(DefaultQuantity, "");
                }
                
            // Check performance and exit
                
            Print(Performance.AllTrades.TradesPerformance.Points.CumProfit);
            Print(Position.GetProfitLoss(Close[0], PerformanceUnit.Points));
            Print(Profit * TickSize);
            
            if (Performance.AllTrades.TradesPerformance.Points.CumProfit + Position.GetProfitLoss(Close[0], PerformanceUnit.Points) >= Profit * TickSize)
            {
                ExitLong("", "");
                ExitShort("", "");
                Variable1++;
            }
            
            }
            // End of strategy

I am getting sequences like this in the output window while backtesting:

-1099,99999999946
0,0071800000000001
0,001
-1099,99999999946
0,00898000000000012
0,001
-1099,99999999946
0,00808
0,001
-1099,99999999946
0,0071800000000001
0,001
-1099,99999999946
0,00627999999999997
0,001
-1099,99999999946
0,00808
0,001
-1099,99999999946
0,00898000000000012
0,001
-1099,99999999946
0,00988000000000002
0,001
-1099,99999999946
0,00808
0,001
6960,00000000054
0,000879999999999901
0,001

[NinjaTrader_Lance]

Hello,

I've tested this with my own script and attached it. It does appear the profit and exit conditions are exiting properly when using points.

Look at the print statements I'm using to check the values. I know that anytime the print labeled cum profit and unrealized profit are added together if they are >= 10*TickSize my trade will exit

My assumption is that your value for Profit might be causing your trades to not exit as expected.

[moon_121]

ok

It works. Thanks!