how use trailing stop at strategy builder

[NT-Roland]

Hi Cormick,
I'm afraid, you have to take a deeper dive into some basics before coding Limit strategies.
What Is a Limit Order?
A limit order is a type of order to purchase or sell an instrument at a specified price or better.
BUY LIMIT orders will only be executed at the limit price or lower. [in your example: 0 or lower, now 2 or lower, challenging, which instrument do you want to buy at this price point?]
SELL LIMIT orders, the order will be executed only at the limit price or a higher one. [in your example: 0 or higher, easy, never a show stopper for short].
I hope this clarifies.
NT-Roland

[Cormick]

Hi Roland,

Thanks a lot! Yes that helped.
I assumed 0 meant at the Bid or lower (for Limit Long) or Ask or higher (for Limit short).
And 2 meant at Bid + 2 ticks or lower.
Now I see it means absolute price ($0.00 and $2.00)!
Is that correct?

I reviewed the EnterLongLimit documentation page:

http://https://ninjatrader.com/de/su...r_handling.htm

EnterLongLimit(int quantity, double limitPrice, string signalName)

Example:

EnterLongLimit(GetCurrentBid(), "SMA Cross Entry");

And tested substituting the GetCurrentBid() method to the 0/2.

Now it's working!

https://drive.google.com/file/d/1b6x...ew?usp=sharing

The working code:

https://pastebin.com/xw75PZB3

namespace NinjaTrader.NinjaScript.Strategies
{
public class MultiStepBreakeven : Strategy
{
private int StopLossModeLong;
private int StopLossModeShort;


protected override void OnStateChange()
{
if (State == State.SetDefaults)
{
Description = @"Enter the description for your new custom Strategy here.";
Name = "MultiStepBreakeven";
Calculate = Calculate.OnEachTick;
EntriesPerDirection = 1;
EntryHandling = EntryHandling.AllEntries;
IsExitOnSessionCloseStrategy = true;
ExitOnSessionCloseSeconds = 30;
IsFillLimitOnTouch = false;
MaximumBarsLookBack = MaximumBarsLookBack.TwoHundredFiftySix;
OrderFillResolution = OrderFillResolution.Standard;
Slippage = 0;
StartBehavior = StartBehavior.WaitUntilFlat;
TimeInForce = TimeInForce.Gtc;
TraceOrders = false;
RealtimeErrorHandling = RealtimeErrorHandling.StopCancelClose;
StopTargetHandling = StopTargetHandling.PerEntryExecution;
BarsRequiredToTrade = 20;
// Disable this property for performance gains in Strategy Analyzer optimizations
// See the Help Guide for additional information
IsInstantiatedOnEachOptimizationIteration = true;
StopLossModeLong = 0;
StopLossModeShort = 0;
}
else if (State == State.Configure)
{
}
}

protected override void OnBarUpdate()
{
if (BarsInProgress != 0)
return;

// Set 1
if ((Position.MarketPosition == MarketPosition.Flat)
&& (Close[0] > Open[0]))
{
EnterLongLimit(Convert.ToInt32(DefaultQuantity), GetCurrentBid(), "");
StopLossModeLong = 0;
}

if (CurrentBars[0] < 1)
return;


// Set 2
if ((Position.MarketPosition == MarketPosition.Long)
&& (StopLossModeLong == 0))
{
ExitLongStopMarket(Convert.ToInt32(DefaultQuantity ), (Position.AveragePrice + (-10 * TickSize)) , "", "");
}

// Set 3
if ((Position.MarketPosition == MarketPosition.Long)
&& (Close[0] >= (Position.AveragePrice + (10 * TickSize)) )
&& (StopLossModeLong == 0))
{
StopLossModeLong = 1;
}

// Set 4
if ((Position.MarketPosition == MarketPosition.Long)
&& (StopLossModeLong == 1))
{
ExitLongStopMarket(Convert.ToInt32(DefaultQuantity ), Position.AveragePrice, "", "");
}

// Set 5
if ((Position.MarketPosition == MarketPosition.Long)
&& (Close[0] >= (Position.AveragePrice + (20 * TickSize)) )
&& (StopLossModeLong == 1))
{
StopLossModeLong = 2;
}

// Set 6
if ((Position.MarketPosition == MarketPosition.Long)
&& (StopLossModeLong == 2))
{
ExitLongStopMarket(Convert.ToInt32(DefaultQuantity ), (Position.AveragePrice + (10 * TickSize)) , "", "");
}

Print(@"Time/Date " + Convert.ToString(Times[0][0]) + @" Long Orders = " + Convert.ToString(StopLossModeLong) + @" Price ");
}
}
}

Thanks for the great help and keen eyes/sense and hand in resolving the matter. You rock!

Still not sure why it worked with zero for the short code though.
But then again it worked only partially as there was one order that did not execute the trailing stop.

Attached the working code .zip.

https://drive.google.com/file/d/1O0k...ew?usp=sharing

[Holligoly]

Is there a trailing stop loss feature in the Stops and targets section? I tried to use it setting a user input but it seems to be ignoring that input.




did I get that wrong?

Thanks!

[NinjaTrader_PaulH]

Hello Holligoly,

Thanks for your post.

Your screenshot shows a trailing stop that would be applied to an Entry order with the signal name of 1 using an initial stop value of Profitzz.

Does your entry order have the signal name of 1? If not then remove the signal name of 1 from the trailing stop in order for it to function with each entry.

Signal names are useful when you want to apply a specific profit target or stop to a specific entry when you have multiple entries.