Indicator Based Stop-loss Strategy

[NinjaTrader_PaulH]

Hello jak479,

Thanks for your reply.

Not that I am aware of, the link in your post# 16 are the best examples.

[jak479]

Thanks. That was easy enough. There are some other examples I would like to look at but can't seem to get the strategy builder to recognize. Are there any similar examples I could study as an alternative to them?

https://ninjatrader.com/support/forum/forum/ninjatrader-8/platform-technical-support-aa/97419-priceos-cs-expecting

[NinjaTrader_PaulH]

Hello jak479,

Thanks for your reply.

I would suggest removing the extracted files.

The proper way to import a zipped file is to use Tools>Import>Ninjascript add-on.. and in the selection window only zip files will show.

[jak479]

Thanks. With some trial and error I was able to more or less get it working. It broke the trade into several smaller legs but I'm okay with that. I'm wondering about some of the logic I'm using. So I checked the forum for some examples to study but I can't seem to load them up. I've extracted the zip files to the location where my other strategies are but they aren't being recognized inside the strategy builder. Not sure what I am doing wrong.

Located at

https://ninjatrader.com/support/forum/forum/suggestions-and-feedback/suggestions-and-feedback-aa/103992-request-breakeven-functions-in-strategy-builder

[NinjaTrader_PaulH]

Hello jak479,

Thanks for your reply.

You could compare the current bar value of the lower band to the previous bar value of the lower band and see if it is less indicating perhaps a reversal. This may be too reactive as only two bars are considered.

You could use the Misc>Slope and use the std error bands (pick one of the 3 plots) as the input series. A negative value of slope would indicate falling. The slope allow you o specify how many bars to use for the slope calculation. So you can use Misc>Slope> indicators>std error (pick a plot), less, Misc>numeric value> 0

[jak479]

The screenshot reflects historical data. The strategy calculates on each tick. Sorry for the confusion. I meant to state the gold regression line not the 4:01 exit bar. So ideally I would like to make it so an exit order gets submitted when the channel turns south which is at approximately 3:40.

[NinjaTrader_PaulH]

Hello jak479,

Thanks for your reply.

Is the screenshot of a live trade or a trade made on historical data?

What is the Calculate setting of the strategy? (Calculate.OnBarClose, Calculate.OnPriceChange, or Calculate.OnEachTick)

"What I would like to do is have an exit order placed when the gold St. Err bar starts to reverse its direction." In your screenshot I don't see a gold bar. Are you referring to the 4:00 bar or the longer 4:01 bar?

Can you provide a screenshot of your exit condition?

[jak479]

In this trade, there are about 10 ticks of value that got left on the table. I am having trouble configuring the exit to correct this. What I would like to do is have an exit order placed when the gold St. Err bar starts to reverse its direction. I can't quite figure out how to place it in condition builder. Appreciate your help.

[NinjaTrader_PaulH]

Hello jak479,

Thanks for your reply.

Yes, using draw markers can be very helpful when debugging. It is common to use them to indicator when a "set" is true. By using different colors (or different objects) and placing them at different y location offsets you can see bar by bar what set it true and when.

Glad you found the video helpful!

[jak479]

Very helpful video. Resulting dots are very helpful in figuring out what is going on. Thanks!

[NinjaTrader_PaulH]

Hello jak479,

Thanks for your reply.

Yes, however, to see a marker at every instance you would have to provide a unique tag name for the object. If the same tag name is used the previously drawn object is automatically removed to make way for the new object. This is the default behavior in the Strategy Builder( using the same tag names), so you would only see the latest occurrence.

The other requirement is the Y location, (Price location), to display the object. Typically you would want to relate this to a price on the chart such as above or below the bar so that it is visible. By default, this value would be 0 so you may be drawing them but at a price of 0 unless you have put in a price reference

I've attached a short video on how to be able to see all of the markers and well as how to adjust them to place on the chart: https://paul-ninjatrader.tinytake.co...MF8xMTMwNTc0MA

[jak479]

Will the drawing show up on backtesting? I only see entries and exits, no indicators on the chart.

[NinjaTrader_PaulH]

Hello jak479,

Thanks for your reply.

In another set you can check the market position and if long (or short) you can draw a marker, such as a dot/square/triangle at the Yvalue of Position.AveragePrice plus (or minus) the ATR value.

[jak479]

I suspect I need to debug my stoploss order entry. What I would like to do is mark up the chart to show where the system has placed its stop orders. Is there a way to do this?

[jak479]

Got it working! Thanks for the help!