Profit Targets & 'Exit on Close'

dgregor5 · 07-15-2007, 05:03 AM

Hi:
In backtest mode, when 'Exit on Close' is set to false, it would appear that the Profit Target function is no longer valid for all days after the entry order was executed, i.e. if profit target set to 100 points and order executed on Monday.........if profit target hit on Monday, order would close, but if profit target hit on Tuesday, Wednesday, etc. the trade would remain open. pls could you clarify this ?

thx
David

NinjaTrader_Ray · 07-15-2007, 11:44 AM

This is dependant on the order TIF that is used in a backtest. If set to "DAY" it would cancel at the end of Monday, if set to "GTC" it will remain working. This is set near the bottom of the Strategy dialog window when running a backtest.

dgregor5 · 07-15-2007, 01:35 PM

thx for the quick response - should have seen that myself.
David

07-15-2007, 05:03 AM	#1
dgregor5 Senior Member Join Date: Jul 2007 Posts: 225 Thanks: 0 Thanked 0 times in 0 posts	Profit Targets & 'Exit on Close' Hi: In backtest mode, when 'Exit on Close' is set to false, it would appear that the Profit Target function is no longer valid for all days after the entry order was executed, i.e. if profit target set to 100 points and order executed on Monday.........if profit target hit on Monday, order would close, but if profit target hit on Tuesday, Wednesday, etc. the trade would remain open. pls could you clarify this ? thx David
	Facebook Twitter YouTube

07-15-2007, 11:44 AM	#2
NinjaTrader_Ray Administrator Join Date: Nov 2004 Location: Denver, CO, USA Posts: 11,163 Thanks: 6 Thanked 45 times in 32 posts	This is dependant on the order TIF that is used in a backtest. If set to "DAY" it would cancel at the end of Monday, if set to "GTC" it will remain working. This is set near the bottom of the Strategy dialog window when running a backtest. Ray NinjaTrader Customer Service Use Kinetick, NinjaTrader’s preferred market data service - Learn More Free online training events - View Schedule
	Facebook Twitter YouTube

07-15-2007, 01:35 PM	#3
dgregor5 Senior Member Join Date: Jul 2007 Posts: 225 Thanks: 0 Thanked 0 times in 0 posts	thx for the quick response - should have seen that myself. David
	Facebook Twitter YouTube

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Printing Current StopLoss & Profit Targets	Jim-Boulder	Strategy Analyzer	1	06-25-2007 11:16 AM
Multiple Simultaneous Trades at "Exit on Close" With Setting "1 Entry Per Direction&q	KBJ	Strategy Analyzer	1	04-27-2007 05:34 AM
Exit on Close Displays Negative Price	KBJ	Strategy Analyzer	4	04-20-2007 05:10 AM
Profit Targets in Strategy Wizard	gregw	Strategy Development	3	01-24-2007 09:30 AM
Max Targets for Adding Targets	pivot44	Suggestions And Feedback	1	06-20-2006 01:49 AM