Stop Loss and Profit Target on Stocks

[tjendra]

I am trying to set the stop loss and profit target on a stock using

SetProfitTarget("", CalculationMode.Ticks, ProfitTarget);
SetStopLoss("", CalculationMode.Ticks, StopLoss, false);

But I can't figure out how to set it.

E.g. A stock is now trading at $90.00, I want to set profit target at $91.50 which is $1.50 from entry, and stoploss at $89.00 which is $1.00 from entry. I want to use the exact dollar amount rather than using %. It seem pretty straighforward using Ticks to do that on Futures. But how should I program the above functions to do that for stocks?

[NinjaTrader_Josh]

tjendra,

It is the exact same thing as it was on futures. The tick size of a stock is generally $0.01. For $1 do 100 ticks. For $1.50 do 150.

[tjendra]

Originally Posted by NinjaTrader_Josh

tjendra,

It is the exact same thing as it was on futures. The tick size of a stock is generally $0.01. For $1 do 100 ticks. For $1.50 do 150.

Thanks Josh, that's worked!