I am not sure if these types of posts are allowed here. Please delete it if it is considered inappropriate.
I have a trade management strategy in mind that I want to be coded for Ninja Trader platform. I am willing to pay for the coder's time and can describe the strategy here on the forum. if you know anyone who can code for Ninja Trader, please let me know.
In case anyone is wondering, following is the explanation of what I need to be coded. It is basically a cost averaging down system for NinjaTrader platform.
1) Code will open a LONG position with 'x' numbers of lots at market price (initial Price). Number of lots would be a variable assignable by the user.
2) A profit target would be set 'y' pips above the 'initial price'. This profit target would be a variable assignable by the user.
3) A stop Loss Target would be set 'z' pips below the 'initial price. This stop Loss would be a variable assignable by the user.
4) This is the most important step since everything mentioned above can already be done in NinjaTrader's ATM module. Somewhere between the 'initial price' and the 'Stop Loss Target price’ there would be an 'Average Down Trigger price'. If trade goes in opposite direction, the code will add 'x' number of lots to the position when this 'Average Down Trigger price' is hit. Original 'profit target' and 'stop Loss Target' will apply to this second position as well. So essentially we would be averaging down in the cost. This 'Average Down Trigger price' would be a variable assignable by the user.
So as an example we initiated a 3 lot position in EUR/USD at 1.500. At the time profit target is set at 1.512 ; stop Loss Target is set at 1.470 and 'Average Down Trigger price' is set at 1.485. All these price levels are already provided to the strategy code when opening the position. The code will open a Long Position of three lots @ 1.500 and then add another 3 lot position if price goes down to level of 1. 485. All initiated positions will be closed when stop loss of at 1.470 is hit or if 'profit target' of 1.512 is reached.
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The following user says Thank You to Big Mike for this post:
I might be interested in share into the cost of the code if you are willing. I have been thinking along this idea: initial entry at market(or close price of trigger bar) && then an additional position 4 ticks (manually adjustable) away from the trigger price(or at the price of the previous swing/support area)
I saw many of good coders, you may look at them at google, they usually take about $150 hour, these are proffesional NT and TS programers. I talk to few of them because I wanted to code something too, but their quotes was to high for me. If you wan I can post contacts to them, if it can halp.
The following user says Thank You to precisetrader for this post: