Stop Loss Alternative

[edgeliner]

I don't want to use SetStopLoss because when my strategy gets to a certain point, I don't just simply want to exit or reverse the position. I have tried numerous things such as.....

if (Position.MarketPosition == MarketPosition.Long
&& Position.MarketPosition == Position.AvgPrice - 10 * TickSize)

{
EnterShort(2, "Short2");
}

This gives me an error message when I compile it. Any suggestions how I can make this happen without using the SetStopLoss???

[NinjaTrader_Bertrand]

You would need to check for price (represented here by Close[0]) being greater or equal to your reversal tick amount, so this below should compile well, you would need to test if it's acting to your expectations -

if (Position.MarketPosition == MarketPosition.Long && Close[0] >= Position.AvgPrice - 10 * TickSize)
{
EnterShort(2, "Short2");
}

[edgeliner]

Thanks Bertrand.....but that would wait until the close of the bar which could result in a much larger loss! Is replacing "Close" with "Low" the only alternative????

[NinjaTrader_Bertrand]

In realtime you could just let this bit of code run with CalculateOnBarClose = false, so it would trigger intrabar and does not wait for the bar penetrating to close fully.

[edgeliner]

Oh yeah.....good point! Thanks!