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Referenceproblem for Stop Orders

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    Referenceproblem for Stop Orders

    Hello,

    i have a problem referencing to the correct bars for placing my stop order.

    Once i am in a position, in this case LONG, i like to place a stop order below the lowest low of the first 3 candles of the day.

    I gave it a try with MIN(Low,3)[0] but then it takes the lowest low of the 3 candles before the current entry. Since the entry is allways on a different counted candle, i can not change the [0] value to another because the reference would be still wrong.

    Question: Is it possible to tell Ninjatrader, that it should take the lowest low of the first 3 Candles since the session started as stop value ?

    thank you for your support
    NT2010

    #2
    nt2010, this is possible, but you would need to custom code the 'finding' of your stop value then for the day. You can just use a variable reset at the session break to keep track of the it.

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      #3
      Hello Bertrand,

      thank you for your fast reply. It would be great if you could give me a link to a section where i can find some explanation with a code sample. Thank you for your support !

      NT2010

      Comment


        #4
        Unfortunately I would not have sample available for this task, it's just basic programming with a variable: at the session break you save the current value of the Low of the price bar, on the next 3 bars you check if the current Low is lower than the saved value in your variable, if yes you update the reference value, if not you hold on to the previously saved value.

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