Hi guys

Was wondering, is it possible to script an exit only strategy for ninjatrader?

Say, once I manually entered a Long position, can it automatically queue an exit strategy for me at 20 ticks as Profit target and 10 ticks as Stop Loss from the close of the last bar?

Tried fooling around with the strategy wizard, but couldn't seem to get it done. =(

Why not using an ATM? It was made for this.
If you want to enter manually and then have an exit only strategy, you will need to use unsupported and undocumented methods, so it's maybe not the good solution.

Azrael 

Hi guys Was wondering, is it possible to script an exit only strategy for ninjatrader? Say, once I manually entered a Long position, can it automatically queue an exit strategy for me at 20 ticks as Profit target and 10 ticks as Stop Loss from the close of the last bar? Tried fooling around with the strategy wizard, but couldn't seem to get it done. =(

It is called ATM strategy

Thanks for the replies guys

But my issue here is setting the PT and SL based on the close of the last bar. Not on my current entry point.

Could it be done? Or is it already done? 0_0

Use Close[1] to determine closing price of the last bar

gulabv 

Use Close[1] to determine closing price of the last bar

So that is for the Ninjatrader Strategy or ATM (at least I don't see how you can edit the ATM)? o_O

stop loss and target for ATM is based on entry price
It is not possible to set from Close of entry bar in ATM

To do this you have to use unsupported NT code

I guess I now understand your request a bit better

Agree, you can't use the ATM for that, you will have to write a strategy that will check your position at the close of each bar.
Then if the position is not null; i.e. you already have an open position in your portfolio, the strategy runs a series of checks and decides whether you maintain or close that position.

Otherwise, if no positions are open, all the code is skipped and the algorithm waits for next bar's closure to run again.

Cheers
Fadi

You can use something like this if you want:

if (position.MarketPosition == MarketPosition.Flat)
{
// Do something
}


if (position.MarketPosition == MarketPosition.Long)
{
// Do something
}


if (position.MarketPosition == MarketPosition.Short)
{
// Do something
}

It won't work here, that will only show the position opened by the strategy itself, not the trades opened manually.

Fadi 

You can use something like this if you want: if (position.MarketPosition == MarketPosition.Flat) { // Do something } if (position.MarketPosition == MarketPosition.Long) { // Do something } if (position.MarketPosition == MarketPosition.Short) { // Do something }