Stop Loss Offset

[Red Fish]

Thanks Dierk, that works!

I have one other problem, it seems to give me results as if I have moved my stop...I am testing an exit at 60 pips, I have not put any trailing stop code in, but it seems to give me profit results which are positive based on exiting at the stop, i.e. not 60 pips but a variety of amounts below 60 pips. Is there an inbuilt trailing stop at work?

[NinjaTrader_Dierk]

>> Is there an inbuilt trailing stop at work?
No, unless you coded it. I suggest tracing your strategy as per here to understand what's going on: http://www.ninjatrader-support.com/v...ead.php?t=3627

[Red Fish]

What I've found out is that it's reading the stop calculation as a moving stop - recalculating on every new bar update it so that it moves with price, similar to a trailing stop - I've looked at the charts and it stops out on a retracement, rather than continuing to the profit target. I guess this means a price action entry where you place stops one pip under/above the recent low or high is not possible to test for.

[NinjaTrader_JoshP]

The reason your stop keeps moving while in the OnBarUpdate() is because it is constantly submitting modifications to your stop price. If this is not intended behavior you need to also have a limiting condition that only submits your stop once at given price for your entry.

[Red Fish]

Yes Josh, that's what it looks like. What kind of limiting condition could I put in that "only submits your stop once at given price for your entry"? I only want the stop to do its calculations for the entry bar and stick there.

[NinjaTrader_JoshP]

For one, you could throw it with the condition for entry.

 if (some entry condition)
{
     if (Position.MarketPosition == MarketPosition.Flat)
     {
          SetStopLoss(...);
          EnterLong();
     }
}

Keep in mind that SetStopLoss line should be before the EnterLong line. This is untested code, but should work in theory.

You may get some other ideas for other things you can do with this reference sample: http://www.ninjatrader-support.com/v...ead.php?t=3222