Set Stop Loss once

[vibarco]

Hi All,

please, could you tell me the way to go with this

The way to go...

if (Position.MarketPosition == MarketPosition.Flat)
{

	// Setup 1
        EnterLong("","");

        // Exit 1 - Set Stop Loss at the min bar ago
        if exit1 == true{
	double mmstop = Low[miBarsAgo];
	SetStopLoss(CalculationMode.Price, mmstop);
        }

	// Exit 2 - Set ATR Stop Loss
        if exit2 == true{
	double mmstop = Position.AvgPrice - ATR(periodoATR)[0];
	SetStopLoss(CalculationMode.Price, mmstop);
        }
}

I am triying to develop a template with several exits that i can enable or disable, from parameters, first exit works great but not the second one... I think i am not setting the ATR Stop Loss i the correct place. Could you help me?

Best,
Vince.

[NinjaTrader_Lance]

Hello,

Add in a Print() statement to check the value of Position.AvgPrice in the Output Window.

Print(Position.AvgPrice);

Try assigning your exit order in OnOrderUpdate() instead of in the OnBarUpdate()

http://www.ninjatrader.com/support/forum/showthread.php?t=7499

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

Please let me know if I can be of further assistance.

[vibarco]

Thanks Lance,

Print(Position.AvgPrice); The result is 0, that's is the problem. The right or profesional way is to learn OnOrderUpdate, isn't it?, while i learn OnOrderUpdate, is there a dirty solution? To Set ATR Stop Loss once, in another place of the code.

Best,
Vince.

[NinjaTrader_Lance]

Hello,

Yes, this is because you are sending the entry order on the same Bar Update so the position has not yet been updated.

The only way I can think of to avoid using OnOrderUpdate() would be to hold off on placing the stop until the next OnBarUpdate() but this would leave you unprotected until that occurred.

Please let me know if I can be of further assistance.

[vibarco]

Hi Lance,

a little hard to understand OnOrderUpdate, could you give a very simple example or pseudocode? ... i am testing strategies always with EOD data.

Best,
Vince.

[NinjaTrader_Lance]

Hello,

Here is a great template/tutorial for OnOrderUpdate() that we have: http://www.ninjatrader.com/support/f...ead.php?t=7499

If you have limited time or programming capabilities, you can discuss your requirements with any of our certified NinjaScript consultants.
Click here for a list of certified NinjaScript Consultants

Please let me know if I can be of further assistance.

[vibarco]

Thanks Lance, i'd like to try myself.