Swing stops being placed too far

[brucelevy]

https://gyazo.com/b73eec101025291b2c9dcf4d0d8b4481

They are appearing way to far away and the stops arent trailing, not sure whats going on my code looks good

// Swing Stops

if(Position.MarketPosition == MarketPosition.Long)
{
SetStopLoss(CalculationMode.Ticks, Swing(5).SwingLow[0] - 3 * TickSize);
}

if(Position.MarketPosition == MarketPosition.Short)
{
SetStopLoss(CalculationMode.Ticks, Swing(5).SwingHigh[0] + 3 * TickSize);
}

//Breakeven at 10 ticks then plus 2 ticks

if (Position.MarketPosition == MarketPosition.Long
&& Close[0] >= Position.AvgPrice + 9 * TickSize)

{
SetStopLoss(Position.AvgPrice + 2 * TickSize);
}

if (Position.MarketPosition == MarketPosition.Short
&& Close[0] < Position.AvgPrice - 9 * TickSize)
{
SetStopLoss(Position.AvgPrice - 2 * TickSize);
}

//Trail behind Adaptive Moving Average by 2 ticks, after 12 ticks

if (Position.MarketPosition == MarketPosition.Long
&& Close[0] > Position.AvgPrice + 12 * TickSize)
{
SetStopLoss(CalculationMode.Ticks, KAMA(2, 10, 30)[0] - 2 * TickSize);
}

if (Position.MarketPosition == MarketPosition.Short
&& Close[0] < Position.AvgPrice - 12 * TickSize)
{
SetStopLoss(CalculationMode.Ticks, KAMA(2, 10, 30)[0] + 2 * TickSize);
}

[NinjaTrader_ChelseaB]

Hello brucelevy,

If you are going to placing the stop at a specific price, then use CalculationMode.Price and do not use CalculationMode.Ticks.

You are setting the stop thousands of ticks below the entry.

SetStopLoss(CalculationMode.Price, Swing(5).SwingLow[0] - 3 * TickSize);


Also, for a trail to work you have to know the current price that the stop is set to. Attached is an example that demonstrates.

[brucelevy]

How would it be adapted for swings instead of fixed stops and trailing on an indicator rather than by a fixed amount

[NinjaTrader_ChelseaB]

Hello brucelevy,

In the example I posted, this moves the stop by calling it with a new price.

For this you would supply the new swing price calculation. Each time you call SetStopLoss this moves the stop loss to the new price.

[brucelevy]

Ok, I will try to figure it out.

What if price is declining and the system buys but tries to put stops below the previous swing low, which in a declining market would be higher than the current swing low and higher than the buy entry point. This is causing me to have errors which disable the strategy. Are there any threads explaining this, has anyone published a robust swing stop system thread

[NinjaTrader_ChelseaB]

Hello brucelevy,

I am not aware of an existing strategy based on the swing indicator.

When placing a sell stop, check the current bid price. If the price you are going to use is greater than the bid price do not allow this price to be used.

double myPrice;

if (myPrice <= GetCurrentBid())
{
SetStopLoss(CalculationMode.Price, myPrice);
}