Exit Strategy after realized pnl is achieved

[Italianforex]

Hi,I would like to close or stop my strategy when I achieved a 500 dollars profit daily....is there a way to program it in the strategy builder (nt8)?
Thanks

[NinjaTrader_ChelseaB]

Hello Italianforex,

The Strategy Builder does have the Strategy > Realized PnL available, however this is not reset daily. This contains the Realized PnL for all orders ever placed by that instance of the strategy.

You could write in the entry conditions the Realized PnL must be below 500, and then each day remove and re-add the instance of the script.


If you wanted to reset on a new session, the PnL would need to be tracked each day and accumulated to a variable that is reset on the new session (or at the time coded in the script).
This would require the script to be unlocked.
Below is a link to an example.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/strategy-development/93881-daily-loss-limit-examples#post93881

[Italianforex]

Hello Italianforex,

The Strategy Builder does have the Strategy > Realized PnL available, however this is not reset daily. This contains the Realized PnL for all orders ever placed by that instance of the strategy.

You could write in the entry conditions the Realized PnL must be below 500, and then each day remove and re-add the instance of the script.

Does it work in the backtesting?

Thanks

[NinjaTrader_ChelseaB]

Hello Italianforex,

Yes, the Strategy Realized PnL is available when backtesting.

However, this does not reset on a new session. So you would need to backtest one day at a time or unlock the script and add logic to reset this on a new session.