CalculationMode.Price - strange results?

[tomleeson]

I am attempting to set profits and targets on price - see attached screenshot:

I thought the follwing code would set a stop loss/target 5 points away from entry?

There are some funny graphics plotted as a result


if (trailStopOn == 0)
{
SetStopLoss(signalLong, CalculationMode.Price, 5, false);
}
else
{
SetTrailStop(signalLong, CalculationMode.Price, Trail, false);
}
SetProfitTarget(signalLong, CalculationMode.Price, 5);

if (trailStopOn == 0)
{
SetStopLoss(signalShort, CalculationMode.Price, 5, false);
}
else
{
SetTrailStop(signalShort, CalculationMode.Price, Trail, false);
}
SetProfitTarget(signalShort, CalculationMode.Price, 5);

[NinjaTrader_JoshP]

Please check your Control Center log for errors. Note that your usage model for the Set() methods is improper. Once you call one Set() method it will ALWAYS be applied to all orders with that signal name. You don't need to call the Set() again for it to be applied.

You also cannot use a stop loss along with a trail stop, but ultimately your code would have both because its like a flag. Once switched on it won't be turned off for both your SetStopLoss() and SetTrailStop().

From what it seems like you are trying to do you may be better served using the Exit() methods directly.

[tomleeson]

Please check your Control Center log for errors. Note that your usage model for the Set() methods is improper. Once you call one Set() method it will ALWAYS be applied to all orders with that signal name. You don't need to call the Set() again for it to be applied.

You also cannot use a stop loss along with a trail stop, but ultimately your code would have both because its like a flag. Once switched on it won't be turned off for both your SetStopLoss() and SetTrailStop().

From what it seems like you are trying to do you may be better served using the Exit() methods directly.

I am setting that in initialise - it used to work for calculationmode.ticks.
I think i might be getting confused with the idea that it would add 5 points instead of doing a static price calcluation..

What i need to do then is turn points into ticks and use calculationmode.ticks

Yep a condtional test sets the stop or the trail not both.

The ultimate aim is to set a dynamic number of points to a stoploss or trail and target - i guess onexecute?

[NinjaTrader_JoshP]

Trail stop will not work in Price mode. If you want a dynamic amount I recommend you use Exit() directly instead.

[tomleeson]

Yep - i got it the model is wrong - -not price calculationmode must be ticks..
So if i do seomthing like the following to get proper points size:

dblPoints = Instrument.MasterInstrument.Round2TickSize(someATR Value)
how do i convert this to ticks?

[NinjaTrader_JoshP]

You would need to do the math by your own code.

$100 at a TickSize of 0.01 = 10000 ticks (100/0.01), but this is likely not what you are trying to use. CalculationMode.Tick is an offset from whatever the price is. Offsetting it by 10000 ticks is likely not what you are trying to do. You will need additional math in place to get the difference from the price you want and the current price to determine your amount of tick offset.

[tomleeson]

straight points to ticks conversion:
I'm thinking something like:
privateint ticks(double points)
{
if (TickSize < 1)
{
return (int)(TickSize * points);
}
else
{
return (int)(TickSize / points);
}
}

E.g if i want to add 5 points on to the current price as a stop - i would:
convert 5 points to ticks and use this as the offset

[NinjaTrader_JoshP]

You can get the point value of your instrument through this: http://www.ninjatrader-support.com/H...ointValue.html

[tomleeson]

that's cool but i dont want the point value.
What i want to do is to convert points to ticks. e.g
10 points on the ES is 40 ticks -
therefore my profittarget will be 40ticks offset from the trade entry..

i need to convert a variable to ticks and use it at some point. ticksize should do this. provided it is outside of the init..

thanks for your help

[NinjaTrader_JoshP]

You just need to do the math. You convert the point value to ticks with whatever conversion rate is required for whatever instrument you are trading.

[tomleeson]

so points/TickSize is not going to work in all cases?
eg
ES: = 10/0.25 = 40 ticks

[NinjaTrader_JoshP]

Would not know. You would need to check on a per instrument basis for the ones you are working with.

[tomleeson]

ok sure - will test that out - i'm pretty sure it will work -- sounds plausible --
works for nq,es,fdax - i need to try it for currenciy futures such as 6e

Is there an alternative snippet? i'm still not clear on how one would do the math using pointvalue and ticks to convert points to ticks ---

[NinjaTrader_JoshP]

Using PointValue and TickSize is just using the base values would give you the conversion rate. I do not know what conversion you want to use so just use whatever math you feel works for the instruments you will be trading.

[tomleeson]

I'm completely stumped will have to re assess the business requirements