ATR Trail StopLoss again

[vibarco]

Hi All,

is a good way to set an ATR Trail Stop Loss this simple way (long side):

protected override void OnBarUpdate()
        {					
			double distance = ATR(periodATR)[0];
			double sl;
			
			sl = Close[0] - distance;
			SetStopLoss(CalculationMode.Price, sl);
        }

Maybe is not efficient.

Best,
Vince.

[NinjaTrader_JC]

Hello Vince,

You may want to make sure that the Stop Loss price that you are setting to is a valid tick/price of the instrument by using the Round2TickSize() method. For Example:

double distance = Instrument.MasterInstrument.Round2TickSize(ATR(periodATR)[0]);

Also, you will want to make sure that it is only called when you would like the Stop Loss to be moved, as it stands now everytime OnBarUpdate() will be called it will set the Stop Loss based upon the ATR would almost make it very hard to be filled as it will go down as the price goes down. You may view the following thread that will give you an example of how to modify your Stop Loss orders.

http://www.ninjatrader.com/support/forum/showthread.php?t=3222

Let us know if we can be of further assistance.