Profit target of previous bar high/low

[john_robertson00]

Hi, i'm trying to set my stoploss and target to the sum of the high and low of the previous bar or any N bars ago. I think I have it right, but when I backtest it, it enters and exit at the same value.

What am I missing?

See attached picture.

Code is below:

SetProfitTarget("L1", CalculationMode.Ticks, Variable0);
SetStopLoss("L1", CalculationMode.Ticks, Variable0, false);

CalculateOnBarClose = true;
}


protected override void OnBarUpdate()
{
// Condition set 1
if (Close[0] > EMA(14)[0])
{
EnterLong(DefaultQuantity, "L1");
Variable0 = High[1] + Low[1] * TickSize;
}

[NinjaTrader_Bertrand]

John, what that be meant to be a price based or tick based value then you're trying to set the stop / target at? I guess I'm unsure why you want them at the identical values. Anyways for a dynamic calculated value you should place the calls in OnBarUpdate() before you actually enter your position and not in the Initialize() - that place would only be good if you for example always wanted a static 10 tick stop or target and updating it based on bar values / market conditions.

[john_robertson00]

Bertrand, thanks for the reply. I think my logic was incorrect, but I was able to get my logic working for ProfitTarget, but StopLoss still not working when I run backtest.

Example: Euro:
High[1] = 1.400;
Low[1] = 1.200;
Close[1]= 1.300

ProfitTarget: (High[1] - Low[1]) + Close[1] = 0.200 + 1.300 = 1.500
StopLoss: (High[1] - Low[1]) - Close[1] = 0.200 - 1.300 = 1.100


if (CrossAbove(Close, EMA(14), 1))
{
Variable0 = (High[1] - Low[1]) + (Close[1]);
Variable1 = (High[1] - Low[1]) - (Close[1]);
SetProfitTarget("L1", CalculationMode.Price, Variable0);
SetStopLoss("L1", CalculationMode.Price, Variable1, false);
EnterLong(DefaultQuantity, "L1");
}

[john_robertson00]

I've been using the Print() to see what is happening and I also tried using the ticksize:

if (CrossAbove(Close, EMA(14), 1))
{
Variable0 = (High[1] - Low[1]);
SetProfitTarget("L1", CalculationMode.Ticks, Variable0);
SetStopLoss("L1", CalculationMode.Ticks, Variable0, false);
EnterLong(DefaultQuantity, "L1");
}

Printing (High[1] - Low[1]) sometimes give me the value below.

0.8866 - 0.868 = 0.0186000000000001


Any help is appreciated.

[sledge]

.2 - 1.30 is -1.10... That's an invalid price?...

try it backwards .. 1.30 - .2 ...
or use an ABS function on the result...

Bertrand, thanks for the reply. I think my logic was incorrect, but I was able to get my logic working for ProfitTarget, but StopLoss still not working when I run backtest.

Example: Euro:
High[1] = 1.400;
Low[1] = 1.200;
Close[1]= 1.300

ProfitTarget: (High[1] - Low[1]) + Close[1] = 0.200 + 1.300 = 1.500
StopLoss: (High[1] - Low[1]) - Close[1] = 0.200 - 1.300 = 1.100


if (CrossAbove(Close, EMA(14), 1))
{
Variable0 = (High[1] - Low[1]) + (Close[1]);
Variable1 = (High[1] - Low[1]) - (Close[1]);
SetProfitTarget("L1", CalculationMode.Price, Variable0);
SetStopLoss("L1", CalculationMode.Price, Variable1, false);
EnterLong(DefaultQuantity, "L1");
}

[john_robertson00]

sledge, thank you for the reply. I used both your suggestions to make it work.

Math.Abs(Variable0 = (High[1] - Low[1]) + (Close[1]));
Math.Abs(Variable1 = (Close[1] - (High[1] - Low[1]));
SetProfitTarget("L1", CalculationMode.Price, Variable0);
SetStopLoss("L1", CalculationMode.Price, Variable1, false);
EnterLong(DefaultQuantity, "L1");

Now, How can I add 5 ticks to my StopLoss?
(Close[1] - (High[1] - Low[1]) + 10 Ticks <---- I'm not sure how to do this.

Any help is appreciated.

Thanks.

[NinjaTrader_Bertrand]

Glad to hear John and thanks sledge for the assist. Ticks could be expressed via TickSize directly, so multiples could be added / subtracted -

http://www.ninjatrader.com/support/helpGuides/nt7/ticksize.htm?zoom_highlightsub=TickSize

[john_robertson00]

Hi Bertrand. Thank you for the information. The TickSize info you provided worked good with the code below.

Math.Abs(Variable0 = (High[1] - Low[1]) + (Close[1]));
Math.Abs(Variable1 = (Close[1] - (High[1] - Low[1]) + (10 * TickSize));

However, when I'm trying to backtest against Futures 6A or 6B and print the values to WIndow Output, I'm still getting some incorrect values as shown below.

Is there a way to only keep 0.0000? I'm using NT 7.0.1000.22.

0.0186000000000001

0.0160999999999999

[NinjaTrader_Bertrand]

Hi John, that could be the case when working with the full precision range a double has to offer here. You could for example use Math.Round or String.Format options to get to your desired output.

http://www.ninjatrader.com/support/forum/showthread.php?t=3823

[john_robertson00]

The link you provided provides all the good combinations to help me out.
Bertrand, like always, fantastic job.
Thank you.

[john_robertson00]

Just thought of posting here so others can benefit too.
The syntax I found to get only 4 decimal and some troubleshooting print statements to see on the output window:

protected override void OnBarUpdate()
{
// Condition set 1
if (Close[0] > EMA(EMA10)[0])

{
EnterLong(DefaultQuantity, "L1");

Variable2 = (High[0] - Low[0])/TickSize; --->can sometimes return: 160.0009999999
Variable2 = Math.Round(Variable2, 4); ---->this will keep: 160
SetTrailStop("L1", CalculationMode.Ticks, Variable2, false);

Print (Time[0]);
Print("Formatted to 4 decimal places: " + Variable2);
}