Trailing Stop

[BigDog008]

I am trying to implement the following (Strategy wizard if possible)

I put out a trailing stop say 15 ticks from entry....

Once I'm 12 ticks in profit, I want to move my trailing stop to breakeven...

And for every additional 2 ticks, I want to move my trailing stop up by 1 tick...

If I have to code it is there maybe some reference I could use?

[NinjaTrader_Bertrand]

Hi BigDog008, I would suggest going into the NinjaScript editor to realize your custom trailing stop algorithm.

This reference sample will be a good start - http://www.ninjatrader-support2.com/...ead.php?t=3222

Please also check the trailing stop scripts from sharing section for further refinement - http://www.ninjatrader-support2.com/...ng+stop&desc=1

[BigDog008]

I'm trying to do a trailing stop consisting of last bar close +/- ATR depending on positions and keep getting this error...

Operator '-' cannot be applied to operands of type 'double' and 'NinjaTrader.Indicator.ATR'

My code is:

SetTrailStop("Long C", CalculationMode.Price, Close[1] - ATR(Cci), false);

any ideas?

[NinjaTrader_JoshP]

You cannot use SetTrailStop(). If you want a stop where you can control the prices you need to be submitting explicit Exit() orders and just modifying the prices in accordance with the ATR().

[BigDog008]

Josh,

could you point me to an example? I'm pretty new to actually coding the strategy rather than using the wizard.

[NinjaTrader_JoshP]

Unfortunately there are no examples.

Untested code:

if (Position.MarketPosition == MarketPosition.Long)
     ExitLongStop(Close[1] - ATR(Cci)[0], "Long C");

[BigDog008]

I still seem to be having difficulty... would really appreciate it if I could get some help on this....

Essentially I'm trying to tighten my trailing stops as I get deeper in profit... contract is ES 03-09

/// <summary>
        /// Called on each bar update event (incoming tick)
        /// </summary>
        protected override void OnBarUpdate()
        {
            // Resets the stop loss to the original value when all positions are closed
            if (Position.MarketPosition == MarketPosition.Flat)
            {
                SetTrailStop("Long A", CalculationMode.Percent, 0.004, false);
                SetTrailStop("Long B", CalculationMode.Percent, 0.004, false);
                SetTrailStop("Long C", CalculationMode.Percent, 0.004, false);
                SetTrailStop("Short A", CalculationMode.Percent, 0.004, false);
                SetTrailStop("Short B", CalculationMode.Percent, 0.004, false);
                SetTrailStop("Short C", CalculationMode.Percent, 0.004, false);
            }
            // Trailing Stop Adujustment for Long Position (8 ticks Profit, Breakeven TrailStop)
            if (Position.MarketPosition == MarketPosition.Long)
            {
                // Once the price is greater than entry price + 8 ticks, set stop loss to breakeven
                if (Close[0] > Position.AvgPrice + 8 * TickSize)
                {
                    SetTrailStop("Long B", CalculationMode.Price, Position.AvgPrice, false);
                    SetTrailStop("Long C", CalculationMode.Price, Position.AvgPrice, false);
                }
            }

            // Trailing Stop Adujustment for Short Position (8 ticks Profit, Breakeven TrailStop)
            if (Position.MarketPosition == MarketPosition.Short)
            {
                // Once the price is less than entry price - 8 ticks, set stop loss to breakeven
                if (Close[0] < Position.AvgPrice - 8 * TickSize)
                {
                    SetTrailStop("Short B", CalculationMode.Price, Position.AvgPrice, false);
                    SetTrailStop("Short C", CalculationMode.Price, Position.AvgPrice, false);
                }
            }

essentially I want to pull my trailing stop from 0.4% to breakeven (8 ticks profit) to say current price +/- ATR when 16 ticks in profit... trading a total of 3 contracts...

really really appreciate any guidance on this

[NinjaTrader_JoshP]

BigDog008,

Please do not use SetTrailStop(). Use ExitLongStop to explicitly manage your orders. Alternatively, you can use SetStopLoss() and move SetStopLoss() around, but you CANNOT use SetTrailStop().

[BigDog008]

Just for my knowledge then, SetTrailStop is not an updateable function? Is it something which is simply initially set and then left alone?

Therefore, for order management purposes, I should stick to the functions you mentioned?

Also, can i set both SetTrailStop() and SetStopLoss() initially on the same signal? The idea is I set both, as I move closer to +8 ticks in profit my SetTrailStop moves up, and then once I am greater than +8 ticks in profit I begin to move my SetStopLoss()

Appreciate it

[NinjaTrader_JoshP]

BigDog008,

SetTrailStop() is something you would want to set up and then leave it alone. It's logic is to trail on every tick. Modifying may or may not necessarily provide the behavior you would expect. You can do it, but just be aware of the caveats of it. The nature of the order is that it is constantly being modified. Your manual modifications may overwrite or be overwritten by the trailing stop logic and it has potential to get muddled up. Instead, run your own logic on SetStopLoss() or ExitLongStop().

You cannot have both SetTrailStop() and SetStopLoss() on a single order simultaneously.

[BigDog008]

If I wanted to use the print command to debug.... and I want to print the price I entered for different signals... ie

                
EnterLong(DefaultQuantity, "Long A");
EnterLong(DefaultQuantity, "Long B");             
EnterLong(DefaultQuantity, "Long C");

and also want to print the updated stop loss values for:

SetTrailStop("Long A", CalculationMode.Percent, 0.004, false);
SetTrailStop("Long B", CalculationMode.Percent, 0.004, false);
SetTrailStop("Long C", CalculationMode.Percent, 0.004, false);

how would I do that?

[NinjaTrader_JoshP]

If you want to track your individual signals you need to use IOrder objects. Then you can access the IOrder's properties to get their fill prices.

The way to get the trail stop prices is running your own tracker variable that mimics the trail stop logic to determine the price. Please see this thread: http://www.ninjatrader-support2.com/...ad.php?t=10344

[kekkis]

ExitLongStop problem

I don't know why this ExitLongStop don't work, I don't use SetStopLoss

..
..
.
.



SetProfitTarget("BL",CalculationMode.Ticks,(Ptarge t*TickSize));
EnterLong("BL");

}
}
}
}

//Trailing Stops

if (Position.MarketPosition==MarketPosition.Long)
{
double perf=Position.GetProfitLoss(Close[0], PerformanceUnit.Points);
if(perf>20)
{
double advv=(MAX(Low,5)[0])-(TickSize*8);
DrawText("aa"+CurrentBar,"*",0,advv,Color.Red);

ExitLongStop(advv);

BigDog008,

SetTrailStop() is something you would want to set up and then leave it alone. It's logic is to trail on every tick. Modifying may or may not necessarily provide the behavior you would expect. You can do it, but just be aware of the caveats of it. The nature of the order is that it is constantly being modified. Your manual modifications may overwrite or be overwritten by the trailing stop logic and it has potential to get muddled up. Instead, run your own logic on SetStopLoss() or ExitLongStop().

You cannot have both SetTrailStop() and SetStopLoss() on a single order simultaneously.

[NinjaTrader_Bertrand]

I suggest you use Print statements to make sure your conditions actually trigger the ExitLongStop placement...also working with TraceOrders = true in the Initialize() will be helpful to check if and why it may get ignored - http://www.ninjatrader-support.com/H...aceOrders.html

http://www.ninjatrader-support2.com/vb/showthread.php?t=3627

[kekkis]

Conditions met, I have debug. It just not close position, values are true.
Its working with stoploss, but i don't want use stop loss, because i want see when it's hit by trailing profit.

I suggest you use Print statements to make sure your conditions actually trigger the ExitLongStop placement...also working with TraceOrders = true in the Initialize() will be helpful to check if and why it may get ignored - http://www.ninjatrader-support.com/H...aceOrders.html

http://www.ninjatrader-support2.com/...ead.php?t=3627