SopLoss and draw dor not working

[dvercher]

Hello,

I am trying to create a strategy. It is done but I can't add a %stop and I would like to use draw dots in the stopl loss level. This is what I have:

protected override void OnBarUpdate()
{

//Registramos el numero total de operaciones en el iniciio de la sesion
if (Bars.FirstBarOfSession)
{
NumAntOperaciones = Performance.AllTrades.Count;
}
//Comprobamos que no se ha alcanzado el maximo numero de operaciones diario.
if (Performance.AllTrades.Count - NumAntOperaciones >= NTrades)
{
return;
}

double SRLargos = Position.AvgPrice - Position.AvgPrice * (stopRisk / 100);
double SRCortos = Position.AvgPrice + Position.AvgPrice * (stopRisk / 100);

Then I have my conditions

And finally this:

//Stop Largos
ExitLongStop(SRLargos,"Stop PCT", "");
DrawDot(CurrentBar.ToString() + "largos",true, 0,SRLargos, Color.Red);

//Stop Cortos

ExitShortStop(SRCortos,"Stop PCT", "");
DrawDot(CurrentBar.ToString() + "cortos" ,true,0,SRCortos, Color.Green);

When I do the backtest this is what I got, and I realzie the Stop loss is not working because I have huge losses and they shouldn't be that size thanks to the stop. Also in the chart tab the chart is so small...you will see. I attach the picture

Thanks

[NinjaTrader_Joydeep]

Hello dvercher,
You are trying to draw the dot before a price has been assigned to it. You can draw the dot on the OnOrderUpdate event. A sample code will be like

protected override void OnOrderUpdate(IOrder order)
{
	if (order != null && (order.OrderState == OrderState.Working || order.OrderState == OrderState.Accepted) && order.Name == "Stop PCT")
		DrawDot(CurrentBar.ToString() + "cortos" ,true,0,order.StopPrice, Color.Green);
}

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?onorderupdate.htm

[dvercher]

Not sure if I understood well, but I get the same problem. This is what I changed:

#region FLAT
if (Position.MarketPosition == MarketPosition.Flat)

My Conditions



#endregion




#region LONG
if (Position.MarketPosition == MarketPosition.Long)

//Stop Largos
ExitLongStop(SRLargos,"Stop PCT", "");
DrawDot(CurrentBar.ToString() + "largos",true, 0,SRLargos, Color.Red);

#endregion


#region SHORT
if (Position.MarketPosition == MarketPosition.Short)
//Stop Cortos

ExitShortStop(SRCortos,"Stop PCT", "");
DrawDot(CurrentBar.ToString() + "cortos" ,true,0,SRCortos, Color.Green);

#endregion

Any idea?

Thanks

[NinjaTrader_Joydeep]

Hello dvercher,
To assist you further may I know:
Are you putting the DrawDot code in the OnBarUpdate event or in the OnOrderUpdat event?

I look forward to assisting you further.

[dvercher]

Hi,

It is unde:

protected override void OnBarUpdate()

Thanks

[NinjaTrader_Joydeep]

Hello dvercher.
Please move the DrawDot code to the OnOrderUpdate event as I mentioned in this post and see if you can get the dot drawn on the right place.

[dvercher]

I attach a picture but now I get errors when compiling

Thanks

[NinjaTrader_Joydeep]

Hello dvercher,
You have placed the OnOrderUpdate codes within the OnBarUpdate method

OnOrderUpdate is a method which handles the Order update event args and should be placed separately

protected override void OnBarUpdate()
{
   //all OnBarUpdate codes goes here
}

protected override void OnOrderUpdate(IOrder order)
{
     //on OnOrderUpdate codes goes here
}

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?functions_and_methods_explaine.htm

[dvercher]

Hi Joydeep,

I just want to put a porcentual stop loss with the draw dots, I know it is simple and I have some examples of how to do it, the thing is that none of the examples use what you are trying to tell me.

I appreciate your help but what you are asking me is too hard for me and I guess there is a much easier way of doing it than using Iorders.

Any idea of how to do it? If not it is ok. Thanks for your time and help

[NinjaTrader_Joydeep]

Hello dvercher,
Please find the attach code which depicts how to draw a dot when a stop order is placed using the Set() method. You have to modify it further to suit your need.