Take Profit executed one tick above price defined.

[Joaquim Cipriano]

Hi,

I am trying to set a take profit $0.01 above the buying price (for Long Positions). For this purpose I use the command
SetProfitTarget(Close[0]+0.01). On execution the profit target is always activated and the position is always closed $0.02
above the buying price. PS: This is being done in the strategy analyser while backtesting the strategy

Please check the logs bellow:

04/01/2018 14:59:49 CurrentBar: 174 Opening Long Position --> Close: 1,25 Previous Bar Close: 1,24 Entry Price: 1,24 Quantity: 806 Stop Loss: 1,23 Profit Target: 1,25
04/01/2018 14:59:49 CurrentBar: 174 Order executed --> Quantity: 806 Filled: 806 Average Fill Price: 1,23 Action: Buy
04/01/2018 14:59:49 CurrentBar: 174 Position --> Direction: Long Average Price: 1,23 Quantity: 806
04/01/2018 14:59:49 CurrentBar: 174 Setting Stop Loss: 1,22
04/01/2018 14:59:49 Strategy 'TickPreviewStrategyV2/-1': Entered internal SetStopTarget() method: Type=Stop FromEntrySignal='' Mode=Price Value=1,22 IsSimulatedStop=False IsMarketIfTouched=False
04/01/2018 14:59:49 CurrentBar: 174 Setting Profit Target: 1,24
04/01/2018 14:59:49 Strategy 'TickPreviewStrategyV2/-1': Entered internal SetStopTarget() method: Type=Target FromEntrySignal='' Mode=Price Value=1,24 IsSimulatedStop=False IsMarketIfTouched=False
04/01/2018 14:59:54 CurrentBar: 175 Closing Long Position without stop loss nor take profit! Exit Price: 1,23
04/01/2018 14:59:54 CurrentBar: 176 Closing Long Position without stop loss nor take profit! Exit Price: 1,23
04/01/2018 14:59:54 CurrentBar: 177 Closing Long Position without stop loss nor take profit! Exit Price: 1,23
04/01/2018 14:59:55 CurrentBar: 178 Closing Long Position without stop loss nor take profit! Exit Price: 1,24
04/01/2018 14:59:55 Strategy 'TickPreviewStrategyV2/-1: Cancelled pending exit order, since associated position is closed, orderId='NT-00011-287' account='Backtest' name='Stop loss' orderState=Working instrument='DELT' orderAction=Sell orderType='Stop Market' limitPrice=0 stopPrice=1.22 quantity=806 tif=Gtc oco='NT-00000-287' filled=0 averageFillPrice=0 onBehalfOf='' id=-1 time='2018-01-04 14:59:49' gtd='2099-12-01' statementDate='2018-01-15'
04/01/2018 14:59:49 CurrentBar: 178 Order executed --> Quantity: 806 Filled: 806 Average Fill Price: 1,25 Action: Sell
04/01/2018 14:59:49 CurrentBar: 178 Account: account='Backtest' accountItem=CashValue currency=UsDollar value=*****
04/01/2018 14:59:55 CurrentBar: 178 Position --> Direction: Flat Average Price: 0 Quantity: 0

[NinjaTrader_Jim]

Hello Joaquim Cipriano,

Thanks for additional inquiry.

This issue might be related to setting the Profit Target and Stop Loss before the entry is fired. I've gone a bit more into detail in your other thread here: https://ninjatrader.com/support/foru...d.php?t=107789

Another item to note is if you are backtesting against a single tick data series or using High Order Fill Resolution to fill orders against a single tick data series. NinjaTrader will rely on a "tick through" to signal a bar close and this has the effect of having limit orders fill one additional tick in the favorable direction. This can be worked around with the option "Fill Limit Orders On Touch."

Fill Limit Orders On Touch and other backtesting options can be referenced here: https://ninjatrader.com/support/help...testProperties

If this information does not resolve your inquiry, could you provide a reduced strategy that only demonstrates the issue you are running into so we could give a clearer explanation of what you are encountering?

[Joaquim Cipriano]

Thanks, Jim. Your answer was enough to solve my problem. Kind Regards.