Dynamic Stoploss

[cassb]

I want to be able to place a market order and set the stoploss for that order based on some criteria. Right now, this is how I'm doing it:

            myEntry = EnterLong(contracts,"Going Long");  // Enter long market order
            if (target > 0) SetProfitTarget(CalculationMode.Ticks, target);
            double stop = <some criteria that returns a stop price or 0>;
            if (stop > 0)  SetStopLoss(CalculationMode.Ticks, stop);
            else SetStopLoss(CalculationMode.Ticks, 0);

But when an order is created, there is no stoploss set. The profit target works fine, but why is the stoploss not working?

[NinjaTrader_Bertrand]

Hi, did you use TraceOrders to debug? http://www.ninjatrader-support.com/H...aceOrders.html

You also want to use Print() statements to debug your conditions - http://www.ninjatrader-support2.com/...ead.php?t=3418

To see sample code how to change the price of a StopLoss, please see this reference samlpe - http://www.ninjatrader-support2.com/...ead.php?t=3222

[mrlogik]

cassb,

Also, check the Log tab in your control center.

What you have should work.

[cassb]

Originally Posted by mrlogik

cassb,

Also, check the Log tab in your control center.

What you have should work.

Good thinking, Mr. I do see an error in the log:

Calculated stop order price for strategy 'TJ_BPS ' was smaller/equal 0. No stop order placed.

I see my mistake now. I should be using CalculationMode.Price, not Ticks. D'oh -- it's always something simple isn't it?

Thanks!
Bryan

[mrlogik]

you got it!

[J_o_s]

I've got the same problem with an dynamic stop loss, and I've written an basic strategy (with the use of this example: http://www.ninjatrader.com/support/f...ead.php?t=3222) and I still receive this error:

**NT** Calculated stop order price for strategy 'TestStrat' was smaller/equal 0. No stop order placed.

My strategy:

PHP Code:

#region Using declarations
using System;
using System.ComponentModel;
using System.Diagnostics;
using System.Drawing;
using System.Drawing.Drawing2D;
using System.Xml.Serialization;
using NinjaTrader.Cbi;
using NinjaTrader.Data;
using NinjaTrader.Indicator;
using NinjaTrader.Gui.Chart;
using NinjaTrader.Strategy;
#endregion

namespace NinjaTrader.Strategy
{
    [Description("Enter the description of your strategy here")]
    public class TestStrat : Strategy
    {
        protected override void Initialize()
        {
            CalculateOnBarClose = true;
        }

        protected override void OnBarUpdate()
        {
            if(Position.MarketPosition == MarketPosition.Flat)
            {
                SetStopLoss("EnterLong", CalculationMode.Price, 0, false);    
            }
            
            if(CrossAbove(EMA(20), EMA(50), 1))
            {
                SetStopLoss("EnterLong", CalculationMode.Price, EMA(50)[0] - ATR(14)[0], false);
                EnterLong("EnterLong");    
                Print("EnterLong. Stoploss value is: " + (EMA(50)[0] - ATR(14)[0]));
            }
            
            if (Position.MarketPosition == MarketPosition.Long)
            {
                SetStopLoss("EnterLong", CalculationMode.Percent, EMA(50)[0] - ATR(14)[0], false);
                Print("Adjust Stoploss. Stoploss value is: " + (EMA(50)[0] - ATR(14)[0]));
            }
            
            if(CrossBelow(EMA(20), EMA(50), 1))
            {
                ExitLong("ExitLong", "EnterLong");
            }
                    
        }
    }
} 


The output window output:

EnterLong. Stoploss value is: 202,539517134472
**NT** Calculated stop order price for strategy 'TestStrat' was smaller/equal 0. No stop order placed.
Adjust Stoploss. Stoploss value is: 202,786202213329
Adjust Stoploss. Stoploss value is: 202,982148979163
Adjust Stoploss. Stoploss value is: 203,229759331933
Adjust Stoploss. Stoploss value is: 203,319350754973
Adjust Stoploss. Stoploss value is: 203,429408226915

I would love to hear any suggestion as how to solve this, also partly because I've already encountered numerous difficulties with a simple dynamic stop, so I would love to hear what's the best way to do this.

Regards,