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CloseOnProfitTarget

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    CloseOnProfitTarget

    Wondering if it is possible to take the code from the CloseOnDrawdown Indicator found in the Ninja 7 downloads and reverse engineer it to close on ProfitTarget instead.

    So using the same logic to shut down a strategy once X profit objective is realized for the day.

    Thanks,
    Duke
    Attached Files

    #2
    Hello JamesDuke, and thank you for your question. Your approach is definitely feasible. I am going to include an emphasized code excerpt and a relevant helpguide page which I believe will aid you in putting together this strategy.

    Code:
    
                            if (!closing)
                            {
                                profitLoss = pos.GetProfitLoss(Close[0], 0);
                                btnActivate.Text = (drawdown + profitLoss).ToString();
                                textChanged = true;
    
    // JDP Mon Sep  5 11:18:59 MDT 2016
    // I believe if you change -drawDown to a static value
    // to compare profitLoss to, this strategy will work
    // the way you would like
                                if (profitLoss < -drawdown)
                                {
                                    closing = true;
                                    pos.Close();
                                    Log("Max drawdown of " + drawdown + " reached and canceled all orders from " + pos.Instrument, LogLevel.Alert);
                                }
                            }
    http://ninjatrader.com/support/helpG...=getprofitloss

    Please let us know if there are any other ways we can help.
    Jessica P.NinjaTrader Customer Service

    Comment


      #3
      I do not know how to do that. I do not know how to code... that's why I am asking for help.

      Can you tweak the code for me?

      Comment


        #4
        Hello,

        While we are unable to code for you, our NinjaTrader Ecosystem does support quite a few NinjaScript Consultants who would be happy to further assist you. You can view NinjaTrader Ecosystem's supported NinjaScript consultants at the following link:






        You can locate the contact information for the partner on their direct webpage for any additional questions you may have. Since these partners are third party add-ons for NinjaTrader all pricing information will need to be obtained through the partner.


        Please let me know if you have any additional questions.


        Have a great day!
        JuanitaNinjaTrader Customer Service

        Comment

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