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Strategy Development Support for the development of custom automated trading strategies using NinjaScript.

 
 
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Old 03-26-2008, 02:36 PM   #1
alfie
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Default stop loss, trailing stop modification in NT6

At an impasse and need some questions answered.

I need to develop a multiple (3 to 4) stop loss modification scheme and have ventured as far as tweaking a Wizard generated strategy using Josh's Sample Price Modification (thanks Josh) which gives me a hard coded breakeven and 1 variable stop loss/target. I need to have a 3 to 4 variable stop loss strategy where the stops are user defined. I would like the exit to be a stop that is hit, not necessarily a target.

Now some questions.

What calls are required in Variables, Initialize, OnBarUpdate and Properties methods to accomplish this if it is in fact doable?

I get that the stop loss order handling must go from entry, to flat to new entry, and a Stop Loss and Target are submitted OCO at entry, does this mean ALL modified Stop Losses have to be accompanied with a target exit so as to cancel the other? If this is not the case, then how is the resting stop dealt with when a modified stop loss is submitted to an already open position?

Same questions for the step modification of Trailing Stop.

Alfie
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