Stop loss errors

[raefon72]

Hi Guys,

I am having a problem with multiple entires. When I use the term Firstentry it sets the stop to my entry price not the danchain chanel low. If I dont use the entry name it ignores the stop. If I dont use an entry name when I enter its ok.

 
// If a long position is open, allow for stop loss modification to breakeven
else if (Position.MarketPosition == MarketPosition.Long)
{

barcounter = barcounter +1 ;
if (DonchianChannel(stoptrail).Lower[1]> Position.AvgPrice)
{ 
SetStopLoss("Firstentry", CalculationMode.Price, DonchianChannel(stoptrail).Lower[1] - stoptrailoffset* TickSize , false);
//SetStopLoss("Secondentry", CalculationMode.Price, DonchianChannel(stoptrail).Lower[1] - stoptrailoffset* TickSize , false);
//Print("Firstentry last value= "+(DonchianChannel(stoptrail).Lower[1] - stoptrailoffset* TickSize) + " " + Close[0]+ " " +(Time[0].ToString()) );
}
}

[NinjaTrader_AdamP]

raefon,

The "Firstentry" would tie that stop loss to the entry that has entrance signal string "Firstentry".

What is stoptrailoffset? How is it defined?

[raefon72]

Stoptrailoffset is a private int variable. Its an offset below the low period. Its the entry name that seems to be the problem however.

[NinjaTrader_AdamP]

raefon,

Could you post more of our code?

[raefon72]

attached as zip

[ramfx]

hi,
am also get some problem in stop loss.how may i solve this .

[NinjaTrader_AdamP]

raefon,

DonchianChannel(stoptrail).Lower[1]> Position.AvgPrice

The DonchainChannel is not necessarily greater than the Position.AvgPrice initially. You would want to set an initial stop loss before you enter the trade.

[NinjaTrader_AdamP]

ramfx,

If you could post your code I'd be happy to take a quick look.