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NT8 Strategy ATR STOP and TARGET

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NT8 Strategy ATR STOP and TARGET

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  #1 (permalink)
Montreal, Quebec
Experience: Intermediate
Platform: NinjaTrader
Trading: Futures
Posts: 13 since Jul 2011
Thanks: 8 given, 5 received

Hi, I would like to see if someone could help me to put me on the track to get a dynamic TARGET and a STOPLOSS in a strategy with NinjaTrader 8. To get an exemple. I can build a strategy with VARIABLES and ENTRY with STRATEGY BUILTDER, but concerning a Dynamic TARGET and the STOPLOSS, it is another story. I am not looking for a trailing stop, but something like if High(0) > (Entry + (ATR(14) * 3.5)).
I know that we need to unlock script and use the code in the OnBarUpdate region but I do not know how.
Let me know if someone can help me. Thanks,

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  #2 (permalink)
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
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trendisyourfriend's Avatar
Posts: 4,142 since Oct 2009
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Download this indicator (Formula indicator):

Enter this formula as condition for a long in Strategy builder :

The formula is:
@"VALUE(EMA(50),0)+VALUE(ATR(14),0) *3.5"

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The following user says Thank You to trendisyourfriend for this post:

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