Stop loss

[smistretta]

Hi there

I have managed to program my entry and exit points on my backtested strategy but I am keen to factor in a stop loss. I have assumed that when I enter a posn it buys/sells 1mln posn. For my stop loss I would like to assume a 1% SL, therefore 10,000. The thing is i have looked at the Stop loss options on the gui strategy builder but i can't seem to get it to work when I run a back test. Can someone help me better understand how I can set my SL on my strategy...many thanks

Steve

[NinjaTrader_Brett]

Hello,

Thanks for your forum post.

Just to clarify you want to do a stop loss on 1% your equity or 1% move in the market your trading?

I look forward to assisting you further.

[smistretta]

Sorry I should have made it clearer, I'd like to make the stop loss 1% loss on the equity invested...and make it variable so I can optimise it...thanks

Steve

[NinjaTrader_Brett]

Hello,

In this case you would not be able to do this with the Strategy Wizard and would take some more in depth programming in NinjaScript to be able to do this.

Let me know if you would like for me to send you the information to do so if you are a programmer.

I look forward to assisting you further.

[smistretta]

Hi Brett

I am not a programmer but perhaps you can send this to me and maybe I can decipher what you send to me...if not will you be able to help me program it??

Thanks
Steve

[NinjaTrader_Brett]

Hello,

You can contact one of our NinjaScript consultants to assist you with coding this or you can use our NinjaScript guide and forums to code this indicator yourself if you are a programmer. I am unable to assist with programming this personally however our NinjaScript consultants would be able to assist.

NinjaScript Consultants:

http://www.ninjatrader.com/partners#NinjaScript-Consultants

NinjaScript Help Guide:

http://www.ninjatrader.com/support/helpGuides/nt7/educational_resources.htm

NinjaTrader Support Forum:

http://www.ninjatrader-support2.com/vb/index.php