Change Stop Loss when the price moves into my favor.

[lordvader34]

Hi, I have searched into the forum and none of the solution worked. I am trying to change the Stop Loss when the price moves 8 ticks, I have tried several approaches from the forum but none of them worked. The result is that the SL is only accepted if I dont change from the initial definition in the DataLoaded Area

Please help!


......
else if (State == State.DataLoaded)
{
SetProfitTarget("", CalculationMode.Ticks, TargetLargo/TickSize);
SetStopLoss("", CalculationMode.Ticks, StopLargo/TickSize, true);
}


Below the code I am using under OnBarUpdate()

// Resets the stop loss to the original value when all positions are closed
if (Position.MarketPosition == MarketPosition.Flat)
{
SetProfitTarget("", CalculationMode.Ticks, TargetLargo/TickSize);
SetStopLoss("", CalculationMode.Ticks, StopLargo/TickSize, false);
}

// IF PT > 8 ticks move the SL to Breakeven
if (Close[0] > Position.AveragePrice + 8 * TickSize)
{
Print(Time[0].ToString()+ @"This should be changing SL");
SetStopLoss(CalculationMode.Price, Position.AveragePrice); // Precio de compra mas un tick
}
else
{
SetStopLoss("", CalculationMode.Ticks, StopLargo/TickSize, false);
}

[NinjaTrader_ChelseaB]

Hello lordvader34,

I have a working example you may benefit from named ProfitChaseStopTrailSetMethodsExample_NT8.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/platform-technical-support-aa/97419-priceos-cs-expecting?p=802269#post802269

The code you have does appear to triggered when the close is 8 ticks above the position average price. Are you seeing the print appear?

[lordvader34]

Hi Chelsea, thanks for your answer, the print never appears, sorry for the newbie question, but should I expect to see it in the chart or in the output?

[NinjaTrader_ChelseaB]

Hello lordvader34,

Prints appear in the output window.

Below is a link to a forum post that demonstrates using prints to understand behavior and includes videos.

https://ninjatrader.com/support/forum/forum/ninjatrader-7/strategy-development-aa/99209-date-conditions-not-working?p=791121#post791121

Add a print that prints the values of the condition that leads to that print. Are all of the values what you expect?

[lordvader34]

Thank you so much!