setup stop on multitimeframe strategy

[junkone]

i have multitimeframes in my strategy. how do i setup stops.
i am trying to setup in the initialize method but dunno how to set ATR(14) value as the stop. how do i do do it.

[NinjaTrader_Brett]

Hello,

Thank you for your forum post.

You will not want to set SetStopLoss in initialize if you are using a stop that will change. This needs to be down in OnBarUpdate();

You must set your stop before you submit your entry so that it is in the correct BarsInProgress check and gets the correct value.

So before you use EnterLong() for example to get into your trade set you stop.

SetStopLoss(YourStopPriceHere);
EnterLong();

Set YourStopPriceHere variable with whatever price you want to use. If you want to use an ATR specify ATR[0] here.

http://www.ninjatrader.com/support/helpGuides/nt7/setstoploss.htm?zoom_highlightsub=SetStopLoss

Let me know if I can be of further assistance.

[junkone]

when i setup as ATR(14)[0] Should the CalculationMode be in ticks?

[NinjaTrader_Brett]

Hello,

Sure you will use CalculationMode.Ticks. You will want to insure that ATR()[0] is in fact a value integer. So you would want to typecast/convert to an int for this to make sure there are no issues.

int stopLoss = (int)ATR(14)[0];

then SetStopLoss(CalculationMode.Ticks, stoploss);

Let me know if I can be of further assistance.