Managing stop once the position is up

[fladou246]

Hi,

Once i get filled ( i have a stoploss of 25), but then im trying to move my stop to my entry price if the EMA 8 crosses EMA 21.

Im having a hard time writing that into programming sentences, can anyone help?

Thank you

[NinjaTrader_ChelseaB]

Hi fladou246,

Just to clarify, you mean when the entry order fills correct?

Try the following in OnBarUpdate():

if (Position.MarketPosition == Long && CrossAbove(EMA(8), EMA(21), 1))
{
SetStopLoss(CalculationMode.Price, Position.AvgPrice);
}

The Position.MarketPosition is to see if you have taken a long position.

You can change this to the entry order filled property if you set the entry to a IOrder handle.
(You will want to set the handle to null when the order is exited)

for example:

In #region Variables
private IOrder entryOrder = null;


entryOrder = EnterLongLimit();

if (entryOrder != null && entryOrder.Filled == true && CrossAbove(EMA(8), EMA(21), 1))
{
SetStopLoss(CalculationMode.Price, entryOrder.AvgFillPrice);
}

[fladou246]

thx for the fast response!

this is what I wrote :
--------------------------------
// Condition set 3
if (Position.MarketPosition == Long && CrossAbove(EMA(8), EMA(21), 1));
{
SetStopLoss(CalculationMode.Price, Position.AvgPrice);
}

------------------------------

But I get 2 different errors :

1: Only assignment, call, increment, decrement, and new object expressions can be used as a statement (code CS0201)
2: The name 'Long' does not exist in the current context (CS0103)

[NinjaTrader_ChelseaB]

Hi fladou246,

That was my mistake.

The correct code is:

if (Position.MarketPosition ==[B] MarketPosition.[/B]Long && CrossAbove(EMA(8), EMA(21), 1))
{
SetStopLoss(CalculationMode.Price, Position.AvgPrice);
}

[fladou246]

I am still having issues with managing my stop.

Im trying to move the stop to entry price if the position is in profit when there is a crossover of the Moving average or to move my profittarget to entry price if my position is losing when theres the crossover of the moving average.

Attached is my code!!

Thank you very much !!

Francis

[NinjaTrader_ChelseaB]

Hi fladou246,

What behavior are you getting now that is incorrect?

[fladou246]

Oh Nevermind ,everything Is working now!

Thanks

Francis