SetStopLoss Strategy

[Markr]

Hello, I wanted to ask if there is a strategy template available for me to build a stop loss that trails off the previous closed range bar, as I am not too familur with building strategies. thank you

[NinjaTrader_Bertrand]

Welcome to our forums here Mark, unfortunately we would not have a sample exactly for this case, however a more general approach to show how trailing stops would be setup using SetStopLoss() is seen here - http://www.ninjatrader.com/support/f...ead.php?t=3222

[Markr]

That shows as an indicator. My utility is saying a new version exists on my PC. I don't show it in the indicator list though? Is it enabled via the indicator or ATM strategy?

[NinjaTrader_Bertrand]

The used indicators for the NinjaScript strategy would always export with the strategy, if you already have them you would not need to import them again.

[Brightredmegaphone]

Stop as % of previous range

hi
I'm new to NT as well, working my way through automation. Im trying to build a strategy that sets a profit target as a percentage (100%) of the previous bar with previous bar being difference between high -low.

If the candle that has just closed is 50 pips, I would enter say +5 pips above, then add 50 pips to that price for profit target - and conversely set a stop loss as just under the low of previous bar (50 pips below).

Any hints?

Thanks
Michael

[NinjaTrader_Bertrand]

Welcome to our forums Michael, I think we already discussed it this morning via email, correct?

[Brightredmegaphone]

I did send you a reply, thanks. I am not sure how to record range of previous bar as a variable, which I can then use to set stops & profit targets. Can this be done in the strategy builder rather than actual coding?

Michael

[NinjaTrader_Bertrand]

Ok, will check your reply in a sec - you could record values into user variables in the wizard and then use them in your conditions - http://www.ninjatrader-support.com/H...nedInputs.html

[Brightredmegaphone]

Sorry don't understand how this relates to Range indicator.

[NinjaTrader_Bertrand]

Just replied to your reply sent to support - you could also store the previous bar's range in user variable with this approach.

[Brightredmegaphone]

Here's what I've done.

Ive set Variable0 to low of the bar, ticks, offset -50
Variable1 to high of the bar, percent offset1

As we're on the trigger bar, I have barsago set to 0, as this is the range of the bar I want to measure. I now want to place a stop @ 100% of the range between the high and low, and the stop @ 5 pips under the low.

Using the variables above I have tried to set the profit target and stop loss strategy but nothing happens on the chart.

Where to from here?

Thx

[NinjaTrader_Bertrand]

Please either reply here or via the email, as otherwise the communication of the issue would not be very efficient for us - I already replied to your email request - thanks.