Avoid take profit on same bar as entry

[mlprice12]

Hi,

Is there strategy logic that can force a profit target to be ignored if it is triggered on the same bar as its corresponding entry? And then the profit target would be filled as a market order at the open of the next bar.

I could wait to place my profit target until after the next bar closes but I would like to avoid that logic and place my profit target at the moment of entry.

Thanks for the help and ideas.

[NinjaTrader_ChelseaB]

Hello mlprice12,

Set methods cannot be unset, so using this would not be possible to cancel, or prevent sending SetProfitTarget. Instead you can use exit orders, like ExitLongLimit() as the profit target, and decide whether to submit or not submit that order with logic, or choose to cancel the order with CancelOrder().

https://ninjatrader.com/support/helpGuides/nt8/exitlonglimit.htm

https://ninjatrader.com/support/helpGuides/nt8/managed_cancelorder.htm

To place the order at the moment of entry, submit the order from OnOrderUpdate when the order.OrderState is OrderState.Filled.

https://ninjatrader.com/support/helpGuides/nt8/onorderupdate.htm

https://ninjatrader.com/support/helpGuides/nt8/order.htm

If the script is running with Calculate OnPriceChange / OnEachTick, to trigger an action only after a bar has closed, require IsFirstTickOfBar to be true.

https://ninjatrader.com/support/helpGuides/nt8/isfirsttickofbar.htm

[mlprice12]

Thanks Chelsea.

I am using the following code logic in on bar update:

if (BarsSinceEntryExecution(0,"Entry1",0) == 0 && Close[0] > lineL)
{
ExitLong("ExitLongOpen","Entry1");

}

if (BarsSinceEntryExecution(0,"Entry1",0) == 0 && Close[0] < lineL)
{
ExitLongLimit( 0, true, Lot1,lineL,"ExitLongProfitTarget", "Entry1");

}

The ExitLong is functioning as intended but the ExitLongLimit is not functioning. No longs exit until session close or the stop when price is fulfilling the desired exit limit price.

Any ideas here without seeing prints?

[NinjaTrader_Jim]

Hello mlprice12,

Prints and TraceOrders information will be necessary to move forward.

You would want to use prints to confirm that the ExitLongLimit method is being reached, and if it is not, you will want to use prints to check the the condition controlling it to see why it has not become true.

If the order method is reached, please retest with TraceOrders to see if the order is being ignored due to an internal rule of the Managed Approach.

Debugging Tips - https://ninjatrader.com/support/help...script_cod.htm

TraceOrders - https://ninjatrader.com/support/help...aceorders2.htm

Internal rules of the Managed Approach - https://ninjatrader.com/support/help...antedPositions

Please let us know if there is anything else we can do to help.