problems wit realized PnL

[dedomraz]

hello everybody

i have 2 simple problems

im developing a simple strategy by using condition builder

i have one question

Can i use to define my profite target by function strategy Realized Pnl
f.e: when i set "realized Pnl to numerical value 300" i expect profit target at 300 $ ( I want set up my profit target and stop loss in "edit strategy>set stop an targets)

2. problem

I have simple strategy EMA CROSSOVER and I have 2 conditions Enter Long ... and Enter short..., I defined profit target and SL, but always my entry conditions get me out of the trade before my profit target is reached

...to remind: im using strategy wizard - conditions builder.

thanks

[NinjaTrader_Ben]

Hello,


1- yes, you can do thiss by selecting Strategy then Realized PnL on the left and side of the conidtion and Misc. then Numeric value on the right side of the condition.

2- I do not know why this is happening to you. Check the value you are using to place the targets. Maybe post a screen shot of the conditions and the targets etc. and I will check to see if there is something wrong.

To send a screenshot, click CTRL + PRINT SCREEN. Then, open up Paint from Start > Accessories > Paint. Paste into the Paint program by clicking CTRL + V. Lastly, save as a jpeg file.

Screen shot Windows XP

- Highlight the window you want to take a screenshot of

- Then press ALT+Prnt Scrn

[dedomraz]

So thanks for promt reply... but...

1. first solution doesnt work. When i set "realized pnl" to "numeric value" ninja trader doesnt close a trade whe the condition is accomplished


2. Ok so

i have 2 conditions:

1. if ema 9 cross above ema 18 ; enter long (signal name Buy)
2. if ema 9 cross below ema 18 ;enter long ( signal name Sell)

i set profit target 5% ( for Sell ) ; profit target 5% ( for Buy)
stop loss 2% ( for Sell) ; stop loss 2% ( for Buy)

So my system always revers when EMA 9 cross EMA 18 vice versa. I want to keep my position open until my profit target is reached. What im doing wrong

[NinjaTrader_Ben]

Hello,

1- I noticed in your CumProfit condition that you are using "==". Try using ">".

2- This is because you cannot be both long and short within the same market. I.e. you cannot have an open long and an open short position at the same time. One will cancel the other.

[dedomraz]

1. when i try operator >(is greater) problem is still not resolved


2.
Ok i understand, but, when i go long and i set my profit target as sonn as emas cross but, my profit profit target is not reached. I dont wanna reverse my position immadiately

[NinjaTrader_Ben]

Hello,

1- What are you using to determine your PnL and come to the conclusion that it is not working?

2- You cannot keep the existing order open and open another order in the opposite direction. To do this you will need to run two different strategies. Or you can hold the second order off by using a market postion == flat condition. You will find this under the Strategy category.

[dedomraz]

Thanks for reply!!

OK so i explain

Im developing simple strategy wehere

if EMA 62 > EMA 200; stoch 9,3,3 crosses above 30 enterlong( namesignal Nakup)-(entry conditions and actions in tab "set1" )

i will close trade ad PnL 100 ( 100 currency) so

in tab set2 i set realizedPnL = 100;exit short ( namesignal Nakup)

In options i set 10 000 USD acoount.

my idea: Close trade if Pnl of every trade is 100 ($) ( FDAX 09-08)

in attach is strategy

[NinjaTrader_Ben]

Hello,

Realized PnL is the PnL you have realized so it will be the profit or loss that has been closed and realized. Open orders are not included in this.

What PnL are you looking at to tell you that this does not work?

[dedomraz]

oh... i dont understand

i want close my position when Pnl of position is 100 USD.

So what exactly mean "realizedPnL"???

[NinjaTrader_Josh]

Realized PnL means PnL you have already cashed out with. You want to use Unrealized PnL or PnL that has not been solidified.