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Simple pointers to "virtual" stop-loss and profit-targets during each trade

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    Simple pointers to "virtual" stop-loss and profit-targets during each trade

    Except for a "failsafe" hard-stoploss, I'm experimenting with using "virtual" SL and PT. Since I use OnEachTick processing in my strategy, I keep track of exactly how many ticks above or beneath the entryPrice we are. I just call it the TickRunningSum: if positive, we are x-ticks in profit, if negative, we are losing that many ticks at the moment. Parameters specify desired stop loss ticks and profit target ticks.

    This has pros and cons, one con being that the SL & PT are no longer visually displayed during each trade. Has anyone coded simple draw objects to visually show the current SL & PT...perhaps with small triangles, or even simpler: "SL------->" and "PT-------->". My stops could get adjusted several times during a trade, and even the PT could be bumped up with runner contracts continuing after the initial contracts hit the original PT, so I'd have to do some "erasing" and "redrawing"....probably no big deal.

    Any ideas on some simple ways t do this? Thanks, -Bill-

    #2
    Hello Bill, thanks for your post.

    The Advance Risk Reward indicator would be a good reference:
    https://ninjatraderecosystem.com/use...ard-indicator/

    If you want to mark where the stop and target will be for the strategy, you would need to use any one of the default drawing tools in the platform by using the Draw class:

    https://ninjatrader.com/support/help...8/?drawing.htm

    Please let me know if I can assist any further.

    The NinjaTrader Ecosystem website is for educational and informational purposes only and should not be considered a solicitation to buy or sell a futures contract or make any other type of investment decision. The add-ons listed on this website are not to be considered a recommendation and it is the reader's responsibility to evaluate any product, service, or company. NinjaTrader Ecosystem LLC is not responsible for the accuracy or content of any product, service or company linked to on this website.
    Chris L.NinjaTrader Customer Service

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