Stop Loss

[Italy]

hello,
I'm set Stop Loss in percentage to OnBar Update (), if the position is flat. For example:

protected override void OnBarUpdate ()
{
if (Position.MarketPosition == MarketPosition.Flat)
{
SetStopLoss ("", CalculationMode.Price (Close [0] - (Close [0] * (1 +2))), false) ; // Stop 2%
}

is correct to do as above ?

Or should I do this:

SetStopLoss("", CalculationMode.Percent, 2, false);// Stop 2%

or how?
Ciao.
Roberto

[NinjaTrader_RyanM1]

Hello Roberto,

You'll want to use the decimal equivalent for the value you're looking for.

A 2% stop loss can be expressed:

SetStopLoss("", CalculationMode.Percent, .02, false);

[Italy]

Thanks RyanM,
I have another question.
If I'm set the Stop Loss of 2,5 % below the purchase price, using the command Price, that's okay:
SetStopLoss(" ", CalculationMode.Price,(Position.AvgPrice *(1 - .025)) , false);

As for the stop of 2.5% above the purchase price, that's okay:
SetStopLoss(" ", CalculationMode.Price,(Position.AvgPrice *(1 + .025)) , false);
Ciao.
Roberto

[NinjaTrader_Bertrand]

Yes Roberto, that math looks correct.

[Italy]

What is the difference between the set StopLoss:
SetStopLoss ("", CalculationMode.Percent, .02, false);
or so "", CalculationMode.Percent, .02,);Ascolta
Trascrizione fonetica
Ciao.
Roberto

[Italy]

in the previous mail there are errors of transcription

What is the difference between the set StopLoss:
SetStopLoss ("", CalculationMode.Percent, .02, false);
or so: CalculationMode.Percent, .02,);
the use of false what does this mean?
Ciao.
Roberto

[NinjaTrader_Bertrand]

Roberto, the stop will be either simulated or not - means if it's simulated it will not be submitted until triggered, so you can effectively hide your stops.

[Italy]

Hello, please, ask for help because I'm stuck in this part of code.
I created a # region OrderRouting to manage operations Long / Short,with two Breakeaven (Be1 and Be2).Working with Stoks use the percentage calculation to set the Stop.
When you experience the conditions of 1st Breakeaven (BE1) and the AvgPrice+3%, the stop price move to AvgPrice. Second contidion,Breakeaven 2° (BE2) and the AvgPrice+5% the stop move to AvgPrice+ 3%.
okay if I do this:

#region OrderRouting
private void ManagerOrder ()
{
if (Position.MarketPosition == MarketPosition.Long)
{
if( Be1 && High[0] > Position.AvgPrice * (1+0.03))
SetStopLoss(" ", CalculationMode.Price,Position.AvgPrice, false);


if( Be2 && High [0] > Position.AvgPrice *(1+0.05))
SetStopLoss("LongFibonacci°", CalculationMode.Price,Position.AvgPrice*(1+0.03), false);

or so:
if( Be1 && High[0] > Position.AvgPrice + (Position.AvgPrice* (1+0.03)) )
SetStopLoss(" ", CalculationMode.Price,Position.AvgPrice, false);

Thanks for the valuable help they always give us.
Ciao
Roberto

[NinjaTrader_Austin]

Italy, can you please clarify? I'm not sure what the question is.