NT8 Strategy ATR STOP and TARGET

November 12th, 2021, 02:29 PM

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,

November 12th, 2021, 03:41 PM

Download this indicator (Formula indicator):

Download: Formula Indicator

Formula indicator which allows you to generate new series on the fly by formula Simple formula examples: CLOSE(0) / CLOSE(1) (HIGH(0) - LOW(0)) / 2 MATH-LOG10(CLOSE(0)) CLOSE(0) / VALUE(SMA(14), 0) (CLOSE(0) / CLOSE(1)) * 14 VALUE(SMA(BARS-ARRAY(0),14), …

logindejavu27

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

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

NT8 Strategy ATR STOP and TARGET

Discussion in NinjaTrader

NT8 Strategy ATR STOP and TARGET