ExitLongStop not working

[mefTrader]

I have an initial StopLoss

protected override void Initialize()
{
CalculateOnBarClose = true;
Add(PeriodType.Minute, 5);
SetStopLoss(450);
MP = new DataSeries(this);
TT = new DataSeries(this);
PosLow = new DataSeries(this);
}

and I have a trailing stop (highlighted in orange) but the Trailing Stop does not work? Cant figure out why?

// ///////////////////////
// Trailing Stop Long
// ///////////////////////

if (Position.MarketPosition == MarketPosition.Long)
{
MyATRCalc = ATR(14)[0]*atr5min_trail_mult_long;
if ((TT[0] != TT[1]) || (MP[1] != 1))
{
PosLow[0] = Low[0] - MyATRCalc;
}
PosLow[0] = Math.Max(PosLow[1], (Low[0]-MyATRCalc));
DrawDot("TStop_Long"+ CurrentBar, true, 0, PosLow[0], Color.Orange);

}
ExitLongStop(PosLow[0]);

[mefTrader]

Seems to be getting stopped out by the StopLoss and not by the Trailing Stop (orange dots)?

[NinjaTrader_Bertrand]

mefTrader, please work with TraceOrders = true in your Initialize() to debug your order behavior, likely you're running into the Internal Order Handling Rules here -

http://www.ninjatrader-support.com/H...verview36.html (botton section).

http://www.ninjatrader.com/support/f...ead.php?t=3627

[mefTrader]

Methods that generate orders to exit a position will be ignored if a strategy position is open and:

• An order submitted by an enter method (EnterLongLimit() for example) is active and this entry order is used to open a position in the opposite direction
• An order submitted by a set method (SetStopLoss() for example) is active

I am trying to use an ExitLong in parallel with a StopLoss... I am bring ing code over from Tradestation where this worked and I dont understand why these could not co-exist?


The stop that is closer to the price action should be active - strategy calculations should know this ahead if there is a clear distinction??


Whats the workaround here?

[mefTrader]

How can I integrate a Currency StopLoss and a Price Stop into StopLoss() ? Any examples out there?

[NinjaTrader_Bertrand]

mefTrader, the order handling rules are there to protect you and your strategy of unwanted positions / inflight executions - thus if the SetStopLoss is active other Exit's will be ignored.

You could work here by adjusting the price level of your stop order as needed.

Unfortunately you can't have a currency and price based stop running on the same position with SetStopLoss().

With NinjaTrader 7 we also offer a new unmanaged order submission mode, which gives you the freedom to manage / code all on your own and 'neutralizing' the order entry rules discussed.

[mefTrader]

ok how do I get more information about "a new unmanaged order submission mode, which gives you the freedom to manage / code all on your own and 'neutralizing' the order entry rules discussed." ?

[mefTrader]

ok read http://www.ninjatrader.com/support/h...d_approach.htm

Sounds like using a sledgehammer to something that should be available a SetStopLoss() to work in parallel to TrailingStop() . Since NT7 ins still in beta could this be addressed? (wrt to below)??


The SetStopLoss() method can NOT be used concurrently with the SetTrailStop() method for the same position, if both methods are called for the same position (fromEntrySignal) the SetStopLoss() will always take precedence. You can however, use both methods in the same strategy if they reference different signal names.

[mefTrader]

Ok this works folks for future reference


// ///////////////////////
// Trailing Stop Long
// ///////////////////////
if (Position.MarketPosition == MarketPosition.Flat)
{
SetStopLoss(450);
}

if (Position.MarketPosition == MarketPosition.Long)
{
MyATRCalc = ATR(14)[0]*atr5min_trail_mult_long;
if ((TT[0] != TT[1]) || (MP[1] != 1))
{
PosLow[0] = Low[0] - MyATRCalc;
}
PosLow[0] = Math.Max(PosLow[1], (Low[0]-MyATRCalc));
DrawDot("TStop_Long"+ CurrentBar, true, 0, PosLow[0], Color.Orange);
if ((Position.AvgPrice - PosLow[0]) * 10 < 450)
{
SetStopLoss(CalculationMode.Price, PosLow[0]);
}
}

[mefTrader]

*10 multiplier is because I am tradin the Russell (@TF)