Trailing Stop & Hard Stop

[agnetzley]

Hello,

I would like to have both a trailing stop and a hard stop. It seems as though I can only do one or the other using the Strategy Wizard. If I already have a hard stop from the entry price, how can I also add a trailing stop? What would the code (combination of both trailing and regular stop) look like?

Thanks!

[NinjaTrader_Joydeep]

Hello agnetzley,
Unfortunately you cannot use both the SetStopLoss and the SetTrialStop in the same code. However if you give unique names to the entry/stops then you can do it. Please see the attached screenshot to do it.

The SetTrailStop() method can NOT be used concurrently with the SetStopLoss() method for the same position, if both methods are called for the same position (fromEntrySignal) the SetStopLoss() will always take precedence. You can however, use both methods in the same strategy if they reference different signal names.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?settrailstop.htm

[agnetzley]

So if I have two orders with different names in the same Set #, which one will be activated? Will both be activated or only 1 (i.e. Long 1 or Long 2 as you have it in your screenshot)? How will it decide?


Or... If I have the code set with only a stop loss, can I manually enter a trailing stop into TWS once a position is opened without it having any effect on the NT stop and strategy?

Thanks!

[NinjaTrader_Joydeep]

Hello agnetzley,
Both the orders will be activated depending on what Entries per direction and Entry handling you have set from the strategy parameter box.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?entriesperdirection.htm

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?entryhandling.htm

We would not recommend manually changing the orders in TWS for any order generated via a NinjaScript strategy.

[Riverend]

Shouldn't this work?

Hey Guys,
I have been trying to work through this problem for several days now and need some help.
I'm trying to add figure out how to put together a 2 contract entry with a trailing stop.
I seem to get short trades to work properly but long trades enter and exit immediately
and are shown on the trade summery as one contract exit name "Long2".
I named the strategy trailstop, it uses sma10 and 25 cross on both short and long.
I have tried this with 1 min charts and tick charts using the NT range bars.
Any help would be appreciated

[NinjaTrader_PatrickH]

Hello Riverend,

Thank you for your post.

Please provide screenshots of the Conditions and Actions tab that shows the Sets for the Long1 and Long2 entries.

I look forward to your response.

[koganam]

Hey Guys,
I have been trying to work through this problem for several days now and need some help.
I'm trying to add figure out how to put together a 2 contract entry with a trailing stop.
I seem to get short trades to work properly but long trades enter and exit immediately
and are shown on the trade summery as one contract exit name "Long2".
I named the strategy trailstop, it uses sma10 and 25 cross on both short and long.
I have tried this with 1 min charts and tick charts using the NT range bars.
Any help would be appreciated

Where are you setting your Stop?
If in OBU, did you reset your Stop when you go flat?

[Riverend]

Hello Riverend,

Thank you for your post.

Please provide screenshots of the Conditions and Actions tab that shows the Sets for the Long1 and Long2 entries.

I look forward to your response.

PatrickH,
Thanks for your quick response. I see the problem now. I selected Enter short and named it Long1 and Long2. Should have been Enter short. Work like it should now. Dumb mistake on my part.. Thanks for your time

[Riverend]

Where are you setting your Stop?
Id in OBU, did you reset your Stop when you go flat?

Thanks for your help I will look into how to do this. Just learning how to do this stuff