How to set stoploss to previous bar

[john_robertson00]

Hi,
I would like to know how can I configure my stop loss to be at the previous bar high or low within strategy analyzer.
If I enter short, stop loss will be at the previous bar high and if I enter long, stop loss at previous bar low.

I don't see any option to do this at the Stop Loss and Profit Targets window within strategy analyzer Wizard.

Thanks,
JR

[koganam]

Hi,
I would like to know how can I configure my stop loss to be at the previous bar high or low within strategy analyzer.
If I enter short, stop loss will be at the previous bar high and if I enter long, stop loss at previous bar low.

I don't see any option to do this at the Stop Loss and Profit Targets window within strategy analyzer Wizard.

Thanks,
JR

You will have to unlock your Strategy code, and code that in manually.

[john_robertson00]

Do you have any ideas on how to code that?
Any hints is appreciated. Thx.

[NinjaTrader_Bertrand]

John, you could do for example something along those lines here :

if (CrossAbove(Close, HMA(High, 21), 1))
{
EnterLong(DefaultQuantity, "");
}

if (Position.MarketPosition == MarketPosition.Long)
{
SetStopLoss(CalculationMode.Price, Low[1] - TickSize);
DrawDot("stoptag1" + CurrentBar, true, 0, Low[1] - TickSize, Color.BlueViolet);
}

[Ashtree gambler]

John, you could do for example something along those lines here :

if (CrossAbove(Close, HMA(High, 21), 1))
{
EnterLong(DefaultQuantity, "");
}

if (Position.MarketPosition == MarketPosition.Long)
{
SetStopLoss(CalculationMode.Price, Low[1] - TickSize);
DrawDot("stoptag1" + CurrentBar, true, 0, Low[1] - TickSize, Color.BlueViolet);
}

Bertrand, I'd also love to set this up but I jhave no experience in programming, is there a downloadable add on that could do this or could one be written. Yours hopefully, Mark

[NinjaTrader_Bertrand]

Mark, thanks for the post - this part would need to be created in custom coding in the NinjaScript editor - if you're not a programmer and not looking to pick this up, I would suggest contacting a certified consultant that could create this code then for you and work other desired modifications into it as well - here's a list of all certified ones :

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