Different stop loss modification

[olres7]

Hi!

I want to write a strategy for a stop loss modification.
I wrote it however it doesn't work properly. It works but has different results.

You may look it on example:

Lets say my stop loss is 4 ticks
If I have:
+5 ticks profit modify stop loss to -3 ticks loss
+6 ticks profit modify stop loss to -2 ticks loss
+7 ticks profit modify stop loss to -1 tick loss
+8 ticks profit modify stop loss to 0 tick break-even
+9 ticks profit modify stop loss to +1 tick profit
+10 ticks profit modify stop loss to +2 tick profit
+11 ticks profit modify stop loss to +3 tick profit

if (Position.MarketPosition == MarketPosition.Short)
{
if(Low[0] <= Position.AvgPrice - (5 * TickSize))
SetStopLoss("Short1",CalculationMode.Price, Position.AvgPrice + (3*TickSize) ,false);
...
if(Low[0] == Position.AvgPrice - (11 * TickSize))
SetStopLoss("Short1",CalculationMode.Price, Position.AvgPrice - (3*TickSize),false);
}

It check only the last bar low[0] to last entry price.
If I leave only ONE stop loss modification it works great.

+8 ticks profit modify stop loss to 0 tick break-even

It does exactly what I want.
It finds THE LOWEST LOW from my ENTRY PRICE and compared to current price.
However when I use all of them it is a mess.

If you know how to help me to modify stop losses to different parameters I will only appreciate

Script included

Thanks,
Serge

[koganam]

Hi!

I want to write a strategy for a stop loss modification.
I wrote it however it doesn't work properly. It works but has different results.

You may look it on example:

Lets say my stop loss is 4 ticks
If I have:
+5 ticks profit modify stop loss to -3 ticks loss
+6 ticks profit modify stop loss to -2 ticks loss
+7 ticks profit modify stop loss to -1 tick loss
+8 ticks profit modify stop loss to 0 tick break-even
+9 ticks profit modify stop loss to +1 tick profit
+10 ticks profit modify stop loss to +2 tick profit
+11 ticks profit modify stop loss to +3 tick profit

if (Position.MarketPosition == MarketPosition.Short)
{
if(Low[0] <= Position.AvgPrice - (5 * TickSize))
SetStopLoss("Short1",CalculationMode.Price, Position.AvgPrice + (3*TickSize) ,false);
...
if(Low[0] == Position.AvgPrice - (11 * TickSize))
SetStopLoss("Short1",CalculationMode.Price, Position.AvgPrice - (3*TickSize),false);
}

It check only the last bar low[0] to last entry price.
If I leave only ONE stop loss modification it works great.

+8 ticks profit modify stop loss to 0 tick break-even

It does exactly what I want.
It finds THE LOWEST LOW from my ENTRY PRICE and compared to current price.
However when I use all of them it is a mess.

If you know how to help me to modify stop losses to different parameters I will only appreciate

Script included

Thanks,
Serge

You have your statements in the wrong order. Reverse the order.

[olres7]

You have your statements in the wrong order. Reverse the order.

What do You mean reverse order?
Can provide example pls?

[NinjaTrader_PaulH]

Hello olres7,

Thanks for your post. You have also submitted a help request and I have just responded to that seeking more information. This post is to clarify that we are working to assist you through the help request submitted.

[koganam]

What do You mean reverse order?
Can provide example pls?

You must process your code in mathematically logical fashion, not necessarily in what is putatively chronological order.

if(Low[0] == Position.AvgPrice - (11 * TickSize)) is true, then so is (Low[0] <= Position.AvgPrice - (5 * TickSize)).

The code will be processed in the order that it is written, so if it is written the way that you have, then the smaller offset will always be processed and the other will be ignored.

Always process from largest offset to smallest. Write your statements in the reverse order to what you have written. There is no other way that I can state it. Perhaps I misunderstand what seems to be misunderstood by you?

[olres7]

Thank you very much

You must process your code in mathematically logical fashion, not necessarily in what is putatively chronological order.

if(Low[0] == Position.AvgPrice - (11 * TickSize)) is true, then so is (Low[0] <= Position.AvgPrice - (5 * TickSize)).

The code will be processed in the order that it is written, so if it is written the way that you have, then the smaller offset will always be processed and the other will be ignored.

Always process from largest offset to smallest. Write your statements in the reverse order to what you have written. There is no other way that I can state it. Perhaps I misunderstand what seems to be misunderstood by you?