The stop order is not following the moving average

[Thomas79]

Hi,

I'm using your SampleOnOrderUpdate find on the forum

you're example is based on if the market hit 4 ticks above the average price raise the stop to breakeven... but me, i want to move the stop to the moving average when the moving average is surpassing the average price, i wrote the script below.

It is working and raise my stop to the moving average but the problem is that my stop is frozen and is not following the moving average on each new bar...

if (entryOrder == null)
{


if


Here my bying condition
{

/* The entryOrder object will take on a unique ID from our EnterLong()
that we can use later for order identification purposes in the OnOrderUpdate() method. */
entryOrder = EnterLongStop(DefaultQuantity, High[0]+TickSize, "Buy");

}
}

if (Position.MarketPosition == MarketPosition.Long && SMA(SMA55)[0] > Position.AvgPrice + 1*TickSize)
{
StopMA=SMA(SMA55)[0];
// Checks to see if our Stop Order has been submitted already
if (stopOrder != null && stopOrder.StopPrice < Position.AvgPrice)
{
// Modifies stop-loss to MA - 2 ticks
stopOrder = ExitLongStop(0, true, stopOrder.Quantity, StopMA, "StopLong", "buy");

[NinjaTrader_Austin]

Thomas, can you please clarify this statement - "It is working and raise my stop to the moving average but the problem is that my stop is frozen and is not following the moving average on each new bar"?

Does it move a few time and then stop? Does it never move at all? Your sentence seems to indicate both.

As for the moving of the stop, if you wanted it to be two ticks below the moving average, you would need to use this code:

[FONT=Courier New][SIZE=2][FONT=Courier New][SIZE=2]stopOrder = ExitLongStop([/SIZE][/FONT][/SIZE][/FONT][FONT=Courier New][SIZE=2][COLOR=#800080][FONT=Courier New][SIZE=2][COLOR=#800080][FONT=Courier New][SIZE=2][COLOR=#800080]0[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Courier New][SIZE=2][FONT=Courier New][SIZE=2], [/SIZE][/FONT][/SIZE][/FONT][FONT=Courier New][SIZE=2][COLOR=#0000ff][FONT=Courier New][SIZE=2][COLOR=#0000ff][FONT=Courier New][SIZE=2][COLOR=#0000ff]true[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Courier New][SIZE=2][FONT=Courier New][SIZE=2], stopOrder.Quantity, StopMA - 2 * TickSize, [/SIZE][/FONT][/SIZE][/FONT][FONT=Courier New][SIZE=2][COLOR=#800000][FONT=Courier New][SIZE=2][COLOR=#800000][FONT=Courier New][SIZE=2][COLOR=#800000]"StopLong"[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Courier New][SIZE=2][FONT=Courier New][SIZE=2], [/SIZE][/FONT][/SIZE][/FONT][FONT=Courier New][SIZE=2][COLOR=#800000][FONT=Courier New][SIZE=2][COLOR=#800000][FONT=Courier New][SIZE=2][COLOR=#800000]"buy"[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Courier New][SIZE=2][FONT=Courier New][SIZE=2]);[/SIZE][/FONT][/SIZE][/FONT]

Are you sure that statement is getting executed? You can add print statements to see the progress of your script. To view these print statements, please go to Tools -> Output Window and leave it open when you run your script.

if (Position.MarketPosition == MarketPosition.Long && SMA(SMA55)[0] > Position.AvgPrice + 1*TickSize)
{
    Print("in long position and moving average is greater than position");
    StopMA=SMA(SMA55)[0];
    
    // Checks to see if our Stop Order has been submitted already
    if (stopOrder != null && stopOrder.StopPrice < Position.AvgPrice)
    {
        Print("order not null and stop price < avgPrice, moving stop");
        // Modifies stop-loss to MA - 2 ticks
        stopOrder = ExitLongStop(0, true, stopOrder.Quantity, StopMA, "StopLong", "buy");
    }
}

[Thomas79]

Hi Austin

i mean than my stop move up 2 ticks below the moving average when the moving average surpass the breakeven but thereafter... the stop stay on the same level, but after each bar the moving average continue to move up but not the stop...

i mean the stop is not updated, is not following the moving average after each new bar...

i would like a recall of the exitlongstop after each bar because my moving average is "moving"

can you help ?

Thx
Thomas

[NinjaTrader_AdamP]

Hi Austin

i mean than my stop move up 2 ticks below the moving average when the moving average surpass the breakeven but thereafter... the stop stay on the same level, but after each bar the moving average continue to move up but not the stop...

i mean the stop is not updated, is not following the moving average after each new bar...

i would like a recall of the exitlongstop after each bar because my moving average is "moving"

can you help ?

Thx
Thomas

Thomas,

I am happy to assist you on behalf of Austin.

You will most likely want to use an unmanaged approach. If you use SetStopLoss() and SetTrailStop() in the same strategy, SetStopLoss() will always take precedence.

You can update SetStopLoss() according to your own logic and it will be somewhat of a trailing stop.

Here is more information on the unmanaged approach : http://www.ninjatrader.com/support/h...d_approach.htm

Please let me know if I may assist further.

[koganam]

// Checks to see if our Stop Order has been submitted already
if (stopOrder != null && stopOrder.StopPrice < Position.AvgPrice)
{
// Modifies stop-loss to MA - 2 ticks
stopOrder = ExitLongStop(0, true, stopOrder.Quantity, StopMA, "StopLong", "buy");

Emphasis mine. As written, once the StopPrice goes above the AvgPrice, as that is the gating condition, there will be no more updates of the StopLoss. The motion of the moving average becomes irrelevant. You need to write your condition so that it does what you want.

[Thomas79]

Thx Koganam

it's working now !