Trading Bot Breakeven | No Coding Required | NinjaTrader Strategy Builder

[@kulitkulit3160]

Thank you for posting these! Just recently started using NT and started messing around with strat builder. Your channel is God send!

[@JG-rp2el]

I dont know why your channel does not have more subscribers. Honestly some of the best ninja trader work i have seen on youtube. Everyone else gives bunch of basic common sense ATM strategy 🤦‍♂

[@mikehadler2758]

This is so great! Exactly what I was looking for and great explanations. Thanks!

[@emmanuechery723]

😄Yo, Honestly, your content should not be free. That's how valuable it is.There is absolutely nothing better (Free) on youtube. The way you build these strategies and your level of details on how you explain it. Props to you man..

[@TradeSaber]

Appreciate the feedback. Glad you are finding these helpful!

[@ASW007-o5e]

Excellent stuff, how do you add a take profit to this?

[@TaghootKiller]

Thank you so much for sharing this, incredible solution considering there is not really a good alternative. I don't have the ability to set the target for the breakeven (8:15 on your video). There is no "Set BreakevenTargetPrice" in my Misc folder for me to work with. Is this some custom code or something I need? How do I get that there? Thanks!!

[@TradeSaber]

Glad you are finding this helpful! The BreakevenTargetPrice is the same double we made at 4:25

[@olegkirdov320]

Hello. Thank you for the video! Please tell me how to add take profit to your breakeven. I tried using the strategy builder, and the strategy stops working.

[@joseahmed6627]

Another great video! Just only missing a target. I am going to try to merge both the trail stops and the breakeven strategy while expecting your full functioning strategy (hope you have time to make it) . Let see if I can. Thanks very much for sharing.

[@TradeSaber]

I'm currently working on another video example that combines everything (Reversal Indicator, Breakeven, Trail Stop, Multiple Targets). Got a few videos to record this week and updates for other projects, so not sure when I'll be done. But it is in the works now, so hopefully by next weekend!

[@msankitas]

@@TradeSaber great videos. A video that combines everything would be amazing. Thank you!!

[@dbt7771]

do you have any videos on how to add your code to strategy builder the code you shared ?

[@teebone2157]

Excellent thanks!!!!!!!!!!!

[@haroldestrada2223]

Amazing Videos! learned so much. Question how do one input the number of contracts into a strategy using the strategy builder. Newbie here, sorry.

[@R_M.P]

Wow! Just bumped into this before heading to bed. LOL! Thanks so much for all you do for the trading community. You are a saint! Question: Looks like we can't use the standard SL and TP section of the builder cause it interferes with the BE conditions is that correct? (Unless we modify the code) So we're creating the initial stop by using inputs and conditions. Is there a way to set a TP? -- Ron

[@TradeSaber]

Thankyou Ron, appreciate the positive feedback! Yes that is correct. There is no way (to my knowledge) to modify a regular SetStop() method from strategy builder without unlocking the code. So we use Exit() methods instead. You can select a target price in a similar way as setting your stop. In that same list where you select ExitLongStopMarket, you can select ExitLongLimit. You just need to modify where it will be set in regards to your entry.

[@R_M.P]

@@TradeSaber Gotcha, OK will give it a try. Thanks. Incidentally, I have a coder colleague who can add the native NT ATM strategy to any strategy I build. Now I would pay to learn how to do that!! LOL! Take care.

[@TradeSaber]

@@R_M.P That's impressive! That is some more advanced stuff, still learning that myself! I'll be sure to make a video when I do though! 🙂

[@ninogrothmann2995]

@@TradeSaber i tried it but everytime it gets into my profit target a new long positions opens istantly, what am i doing wrong?😕

[@TradeSaber]

@@ninogrothmann2995 This is most likely because your condition to enter a trade is true again as soon as you exit an order. For the example in the video, we enter long if the current candle is above the previous. If you are long and you just reached your target, then it is very likely the current candle is above the previous. This makes your entry condition true again and enters you again. You would need to add extra conditions to your strategy to prevent this from happening again. If you're in the Discord, check the #Code-Samples room for further examples on how to do something like that. It's a bit difficult to explain in a comment without any sort of visual.

[@JavierMaroto92]

amazing video! is there any way that we can set that if we have had any SL the strategy must not trade until next day?

[@mcol59251]

Quick question please, if you are doing on candle close, the break even trigger would happen after the candle close, my experience is that iit would surely bypass the position average price and exit after the candle close. Maybe I missed something from the video. Would you please elaborate? Also what happens when your entry is wrong on the first candle, how do you deal with that, trader would get killed exit after bar close? Thanks

[@DM-qq7cr]

great contact bro , thanks!

[@vehiclesforyou-sales]

YOU ARE THE MAN!!!

[@jaychas]

Awesome explanation and tutorial. Will this work if I add to the Supertrend strat you posted as an additional Stop? Thanks!

[@TradeSaber]

Yes you can do it. It just starts getting a bit tricky on Builder. You will have to mix both of them and make sure the proper sets are reading at the correct time. I have a video that explains how to add a Breakeven and a trail. Not exactly what you need, but you may find it helpful: kzbin.info/www/bejne/sGaxYod_ppZ8o5Ysi=jsm2APm7P8Y0iZE2 I've updated the file a bit since that video, you can download the file here: tradesaber.com/automated-trading-example Hope that helps and good luck!

[@jaychas]

@@TradeSaber thanks a lot for the reply and guidance. I'll give it a try!

[@teebone2157]

I only have one issue. I tried to set a stop loss using Exit limits But once the break even target is hit the limit order disappears.

[@syediqbal-o3u]

Thanks for the great video. Its very helpful. One question, I am trying to convert the breakeven stoploss into a trailstop or parabolicstop. Is there a way to do this? Thanks!

[@TradeSaber]

Try this video for an example: kzbin.info/www/bejne/sGaxYod_ppZ8o5Y You may have to play around with it to get exactly what you need for your own settings. I've made a small update to the linked video. You can download V1.2 in the #auto-trader-examples room on Discord.

[@syediqbal-o3u]

@@TradeSaber Thanks! I will try it.

[@olijj22]

Hello thanks for the valuable content!! Just one question : in set n°1 you put "enter Long market" and I wanted to know if it is possible to set a "enter long position by a stop order" instead??

[@TradeSaber]

Yes you are able to enter the strategy with a stop order if you prefer. Just be careful in a scenario where the price is moving quickly. A stop order on the wrong side of the market will cause NinjaTrader to set an error and disable the strategy (If LongStopMarket is set below the current price). This can happen if your entry is set near the current price and there is a spike in price as soon as the order is submitted. By the time your order gets submitted, it'll be on the wrong side of the market. I personally like to avoid stop market orders because of this. Instead I will often make a double variable and set where my "StopMarket" would be. Then when the price goes above that defined double variable price, I will just submit a regular market order. This essentially emulates a stopMarket order just a bit safer for me. But it is completely up to you 🙂

[@olijj22]

@@TradeSaber thanks for the clarification

[@NewSeeker007]

Hi TradeSaber, thank you for your very helpful videos. Could you please help me with this question? How can I make shure that the BreakevenTickOffset always has to be smaller than the BreakevenDistance?

[@TradeSaber]

With strategy builder, I think it would be easiest to just manually make sure the values are ok. Both are going to be set from your AverageEntryPrice. So as long as the value you use for the offset is smaller than the value for your Distance, then you should be good. Other than that, you could add a condition where BreeakevenDistance > BreakevenTickOffset

[@FirstLast-xk6fd]

I keep getting a problem where it wont accept Inital stop as a negative value

[@TheMajorcore]

Hello, Thank you so much for a brilliant breakeven script! This is the most comprehensive breakeven script for ninjatrader8...Period!! Is it possible to add multiple targets with this script? If so than can you please show us how its done? Thanks

[@TradeSaber]

Yes it is possible to combine this with the trail stops and multiple targets. I will be doing an entire series soon on how to do all of this

[@AustelGrey]

@@TradeSaber Subscribed. Looking forward to this!

[@steelphon12]

thank you for you discord. perhaps it will help : do you know that you can use orderflow on strategy builder (lifetime NT8 needed) : use indicator max (per = 1) and choose indicator orderflow in the input seris. then you must use in strategy the order fill : high resolution and tick. I hope it could help

[@TradeSaber]

That is good to know, that is for the tip!

[@joseahmed6627]

I have added a Take Profit in the Stops and Targets option but unfortunately, the strategy is not working since the Take profit is indeed set it up but the stop loss to become a breakeven doesn't appear. Do you know why is the reason for not setting up the stop loss? Thank you

[@TradeSaber]

Could be any number of things. May be difficult to explain over KZbin comments. If you're in the Discord, here is a direct link to an example with multiple Targets and breakeven done on Builder: discord.com/channels/1005954155711582279/1039008376081895484/1096938670977712251 May be of some help.

[@sprks13]

Hey there, great video but I am running into an issue. I am using it to backtest, when backtesting, or putting it on the chart without state=realtime, I am showing multiple trades per bar, Im assuming since this is using on price change. Is there a way to make it only take one until it closes? Thanks

[@TradeSaber]

Are you using a high resolution for your back test? If you are, this could be the cause, take it off and see if it still happens. Are you using your own conditions to enter or the same as this video (These are just meant as an example) Another thing you can try is use the same BarsSinceExit conditions as in this video: kzbin.info/www/bejne/qJCoZ2uDaJWbnck (This link is time stamped to the part in the video) Let me know if those help. It'll be hard to figure out over a KZbin comment. Maybe send me a screenshot over Discord if it's still giving you a problem.

[@martellthornton]

I followed exactly but break even is not working at all?

[@chrish6659]

Hey, thanks for writing this! I was hoping when I copied your complete script and ran it it would start taking profit but instead it just breaks even with an occasional loss. How can I integrate the entry rules that I have for my strategy but also have it breakeven as it goes below the entry price? I really don’t understand where I would put that in on which tab. I feel like I have a good strategy on my own, but I’d like to integrate your stoploss breakeven strategy. Any advice? I know it’s probably annoying to answer the question here, but I’m very close to understanding. Thanks for your help! This is an amazing channel.

[@TradeSaber]

Hello. This is just meant as an example that you would add to your existing strategy. You would place your own entry rules under Set 1 for Long / Set 6 for Short. I didn't add a profit target to this video to keep the video as short as possible. But you would add an ExitLongLimit to Set 2 and Set 4. (Do not use Stops and Targets page for this example. Place your ExitLongLimit under Conditions and Actions).

[@DM-qq7cr]

Could you do a video please how i add some strategy that will stop trade after certain amount of winners in a row ? i have managed to do that but when i go on my strategy analyzer, and set a range of date to backtest , for some reason it only give me data from the first day and not conitnue back tesging the rest of days , when i change the data to another time it will just change the results for that first single day .,

[@TradeSaber]

This is most likely because the PnL needs to get reset back to 0 on each new (Bars.IsFirstBarOfSession) but we also must keep track of the total PnL to get a final number. I have an example on how to do this in my Building an Automated Trader Part 1 & 2 videos: Here is a timestamped area where I run into this specific issue: kzbin.info/www/bejne/m5jUhqKomphlnNU This example is mainly for real time trades, but I believe if you change the RealtimeTrades code to AllTrades, then you can see it historically. It's been a while since I looked at this code though.

[@DM-qq7cr]

@@TradeSaber thanks bro ,will check it out 🙏🙏🙏

[@jonathanm9793]

Man, thanks for the info. However, I've been trying to get this to work for two days now and I'm having problems. I need this feature in one of the strategies I have already made, so I built your framework and added my entry conditions to it. Sometimes the strategy works where it will go to the first target (which I noticed that you did not actually submit a limit order to liquidate at your breakeventarget, why not? The way u set it up only ensures that you don't lose after that target area is hit by raising the stop and it didn't actually lock in any profit.) So, I set up a limit order to actually liquidate when it hits that target and raises the stop like you have here for my second position that I want to hold for another limit order target. I feel like I'm really close to getting it, but I'm overlooking something and can't figure it out. Thanks.

[@TradeSaber]

Thanks for the comment. I did not set up a target order in this example as it was meant only to show how to set up a breakeven. But yes you would typically add a target order to your own strategy. If you want to liquidate a portion of your position at the first target, I find it's easier to split your orders up into 2 separate positions. For example, if you wanted to buy 10 contracts and sell 5 at your first target. You would make 2 separate orders for 5 contracts each. Give them each different string tags. I plan on making a full video at some point where we build a fully functioning bot with everything in it, just need to find the time for it.

[@angeloolimpio4254]

good, i test but i need ins takeprofit, is possible help me? thank you

[@TradeSaber]

I have another video. It is a bit more complicated because it adds 2 profit targets + Breakeven + Trail Stop. But you may be able to just use the parts that you need: kzbin.info/www/bejne/sGaxYod_ppZ8o5Y Hope that helps!

[@angeloolimpio4254]

thank you very much@@TradeSaber

[@angeloolimpio4254]

How can I contact you?

[@derekjeffs7769]

Thank you for your Videos so helpful! I have a question. How do I set a stop loss that is managed in conditions and actions as an if any statement? I already have other if any conditions to exit long, but I have a problem with the if any exit long hitting the broker at the same level that my 20 tick stop loss that is already on the broker gets touched and making a short position occasionally depending on market conditions. So I need to set my strategy's stop loss to 40 that is on the broker and an if any condition that is 20 tick less than entry price in conditions and actions. So that only one order is executed if any of the conditions are true including the 20 ticks less than entry. Keep in mind I have multiple algorithms in the same strategy builder with Unique entry signals.

[@pourkin]

thank you

[@michaeldanzy456]

I'm unable to enter negative numbers into my inputs. Ninja trader tells me they have to be positive.

[@TradeSaber]

Make sure under your user inputs. You remove the Minimum number. Keep default -> Remove Min. Should work then

[@powersterk]

Nice & buityfully

[@ConsciousAlchemy458]

it didnt work

[@TradeSaber]

What didn't work? You can download this on my discord or the website (Link in the description) It seems to be working for everyone else. Try comparing the code from this download to the one in your strategy. Perhaps something might be missing there.

[@ConsciousAlchemy458]

@@TradeSaber okay I’ll try it tonight and thank you for doing this