trailing stop

[market123]

hi, i have an indicator question, it's pretty basic but was wondering if someone can help me with it

it's a stop based on a 10 period standard deviation times 1.382 or .618 above or below the most recent high or low as the exit.

does anyone know how to do this or try? i think i have the code but it was for tradestation, might that help?

[NinjaTrader_Bertrand]

market123, welcome to our forums! You would need to custom code this in our NinjaScript, as example and start you can take a look at the 'ATR Trailing Stop' and "Average True Range Trailing Stop' from the sharing - http://www.ninjatrader-support2.com/vb/local_links.php

For tutorials on indicator coding please check into this - http://www.ninjatrader-support.com/H...verview18.html

[market123]

Hi Bertrand,

I don't know how to custom code that's why I was hoping someone could help me with that in these forums. Any other sugesstions?

[NinjaTrader_Bertrand]

You can of course post the code you have from TradeStation and see if someone steps in...for professional custom coding services, you can contract those consultants - http://www.ninjatrader.com/webnew/pa...injaScript.htm

[market123]

ok, thanks, I'll post it here? Or should I post in another forum?

[NinjaTrader_Bertrand]

Sure, this is the right place here.

[market123]

This system just uses a 14 period %R and Price action to determine when to enter the market and then a trailing stop based on a 10 period standard deviation times 1.382 or .618 above or below the most recent high or low as the exit.

I'm not looking for the %R calculation or indicator, just the trailing stop part of the code converted to Ninja Trader...Any help would be greatly appreciated.

[LegacyColorValue = true];
inputs: Length(10), Length1(14);
Vars: Trend(1),
PerR( 0 ),
StDev( 0 ),
LastBar( 0 ),
TrStop( 0 );
var:
alertTextID(-1);
if barnumber = 1 then begin
alertTextID = Text_New(date,time,0,"RSI");
end;

StDev = StdDev(C,length1);
PerR = PercentR(length);
If (PerR >= 70 and PerR[1] < 70) and Trend < 1 and Close > TrStop then
Begin
SetPlotColor(1,Blue);
Plot1(Low - tick,"Signal");
TrStop = L - StDev*1.382;
Trend = 1;
LastBar = BarNumber;if Text_GetTime(alertTextID) <> time then begin
text_setLocation(alertTextID, date, time, 0);
alert("PercentRLong");end;
End;
If (PerR <= 30 and PerR[1] > 30) and Trend > -1 and Close < TrStop then
Begin
SetPlotColor(1,Red);
Plot1(High + tick,"Signal");
TrStop = High + StDev*1.382;
Trend = -1;
LastBar = BarNumber;if Text_GetTime(alertTextID) <> time then begin
text_setLocation(alertTextID, date, time, 0);
alert("PercentRShort");end;
End;
If Trend = 1 then
Begin
If LastBar < BarNumber then
Begin
If TrStop = 0 then TrStop = Close;
If Close > Close[1] then TrStop = Low - StDev * 1.382;
If Low - High[1] > StDev then TrStop = Low - StDev * 0.618;
If TrStop < TrStop[1] then TrStop = TrStop[1];
End;
Plot2(TrStop,"Stop");
SetPlotColor(2,White);
End;
If Trend = -1 then
Begin
If LastBar < BarNumber then
Begin
If TrStop = 0 then TrStop = Close;
If Close < Close[1] then TrStop = High + StDev * 1.382;
If Low[1] - High > StDev then TrStop = High + StDev * 1.382;
If TrStop > TrStop[1] then TrStop = TrStop[1];
End;

Plot2(TrStop,"Stop");
SetPlotColor(2,Yellow);
End;
If PercentR(14) > 70 then
Begin
SetPlotColor(3,Blue);
SetPlotColor(4,Blue);
Plot3(High,"TREND");
Plot4(Low,"TREND");

End
Else If PercentR(14) < 30 then
Begin
SetPlotColor(3,Red);
SetPlotColor(4,Red);
Plot3(High,"TREND");
Plot4(Low,"TREND");

End
Else If PercentR(14) < 70 and PercentR(9) > 30 then
Begin
SetPlotColor(3,green);
SetPlotColor(4,green);
Plot3(High,"TREND");
Plot4(Low,"TREND");
End;