SezStopLoss Position.AvgPrice

[Blackburn]

Hallo,

I have a problem with following code for Stoploss:

SetStopLoss(CalculationMode.Price, Position.AvgPrice - TicksizevalueSL*TickSize);
The code is in OnBarUpdate.

Ticksizevalue SL is integrated in Variables:
private int TicksizevalueSL = 30;

NT gives following error-message:
"Calculated stop order price for strategy 'ABODRPattern0712' was smaller/equal 0. No stop order placed."

What ist the error?

Thanks Blackburn

[NinjaTrader_Joydeep]

Hello Blackburn,
You are submitting the stop order when you are flat/entry order is yet to be filled. The Position.AvgPrice will return 0 (zero) in such scenario. A stop trigger price cannot be 0.

You can check for a valid average price before submitting the stop.

if (Position.AvgPrice > 0)
{
SetStopLoss(CalculationMode.Price, Position.AvgPrice - TicksizevalueSL*TickSize);
}

Please let me know if I can assist you any further.

[Blackburn]

thanks Joydeep; it works.

[Blackburn]

How can I reset this stoploss value?

[NinjaTrader_Joydeep]

Hello Blackburn,
You can simply reassign the Set() method to modify the stop loss value

if (condition)
{
  SetStopLoss(CalculationMode.Price, Position.AvgPrice - TicksizevalueSL*TickSize);
}
else if (condition)
{
  //set the stop to breakeven
   SetStopLoss(CalculationMode.Price, Position.AvgPrice);
}

Please let me know if I can assist you any further.