Stop loss at previous candle closing price

[Teebone21]

I am looking to update one of my strategies with a static stop loss that is located at the close of the previous candle .Is this possible in NT8 and if so how can it be done?

[NinjaTrader_BrandonH]

Hello Teebone21,

Thank you for your post.

Exit methods like ExitLongStopLimit() would need to be used to place a stop loss at the close price of the previous bar. Please see the attached example strategy that demonstrates this.

In the strategy, we create a variable named prevClose. We save the previous close price to that variable in OnBarUpdate. The script checks if we are in a flat position and calls EnterLong with a signal name "MyEntry". Then we check if we are in a long position and call ExitLongStopLimit with a fromSignalName of "MyEntry" and use our prevClose variable for the stop price.

See the help guide documentation below for more information.

ExitLongStopLimit - https://ninjatrader.com/support/help...gstoplimit.htm

Please let us know if we may assist further.