Saving a reference point

[titleistbb22]

Hello - working on building a trailing stop. How would I code the following, if unrealized P&L > 5* ATR for 10 periods then take the highest point of that bar and sell if unrealized P&L dips 2 ATRs

Comments from Ninja and other traders welcome

Thank you

[NinjaTrader_Bertrand]

Hi, there are some custom trailing stop codes posted to our sharing that you may find useful in your project - http://www.ninjatrader-support2.com/...ng+stop&desc=1

To store a value, just check for your condition and assign a variable value then -

 
if (myCondition)
myVariable = High[0];

Then you can reference this stored value later for comparisons to execute your stops.

[titleistbb22]

Thank you - can I build this into my strategy or do i need to create an indicator? Based on your suggestion here is the code im writing

// Setting the High Point
if(Position.GetProfitLoss(Close[0], PerformanceUnit.Points)>(5*ATR(10)[0]))

{
myVariable = High[0];
}

"myVariable" is flagged as an error, errors says that the name does not exist in the current context

[NinjaTrader_Bertrand]

This means you did not define the variable, you can either do this locally with -

if(Position.GetProfitLoss(Close[0], PerformanceUnit.Points)>(5*ATR(10)[0]))

{
double myVariable = High[0];
}

Or define it under the Variables section of the code -

 
private double myVariable;

[titleistbb22]

Thank you I think this will help - I was able to properly assign the variable, however how do I use it in further code. Example below

// Moving the trailing stop
if(Close[0] ==(myVariable + (3*ATR(10)[0])))


{
ExitLong("trail","");
ExitShort("trail","");

}

[titleistbb22]

Hello - any thoughts on my response?

[NinjaTrader_Austin]

Thank you I think this will help - I was able to properly assign the variable, however how do I use it in further code. Example below

// Moving the trailing stop
if(Close[0] ==(myVariable + (3*ATR(10)[0])))
{
ExitLong("trail","");
ExitShort("trail","");
}

Not sure what the question is, but this is a correct usage of your new variable myVariable. The if condition translated says this: if the close of the current bar is equal to the value generated by adding myVariable and 3 times the current 10 period ATR value, then exit the entry with a blank signal name and call the exit "trail".

A quick note: depending on how you set myVariable and the ATR value, it could very rarely equal the close of the current bar, thus not triggering the exits.

[titleistbb22]

thank you for the response. I get an error when using this code, here is exactly what I have. The error is 'myVariable' does not exist in the current context

// Setting the High Point
if(Position.GetProfitLoss(Close[0], PerformanceUnit.Points)>(5*ATR(10)[0]))
{
double myVariable = High[0];
}

// Moving trailing stop
if (Close[0] == (myVariable + (3*ATR(10)[0])))

{
ExitLong ("trail","");
ExitShort("trail","");
}

[NinjaTrader_Bertrand]

Please try this -

 
// Setting the High Point
 
double myVariable;
 
if(Position.GetProfitLoss(Close[0], PerformanceUnit.Points)>(5*ATR(10)[0]))
{
myVariable = High[0];
}

[titleistbb22]

getting a new error message - 'use of unassigned local variable 'myVariable' Here is the exact code Im using

// Setting the High Point

double myVariable;

if(Position.GetProfitLoss(Close[0], PerformanceUnit.Points)>(5*ATR(10)[0]))
{
myVariable = High[0];
}

// Moving trailing stop
if (Close[0] == (myVariable + (3*ATR(10)[0])))
{
ExitLong ("trail","");
ExitShort("trail","");
}

The error message identifies 'myVariable' in the //Moving trailing stop section as the error.

Im writing this code all in the OnBarUpdate area. Does it belong somewhere else? thx

[NinjaTrader_Bertrand]

Then please remove the local definition (double myVariable) and add this to the 'Variables' section of the code -

 
private double myVariable;

Then check if you can compile without the local assignment error then.