how to set ATR as stop loss?

[john_robertson00]

Hi,

I'm trying to set my stop loss and profit target using ATR, but when going thru the wizard I only see Mode=Percent/Price/Ticks.

Can someone help with the setting them as follows:

1. stop loss 2 ATR ( That's My risk).
2. take profit 6 ATR

Thanks.

[NinjaTrader_PatrickH]

Hello john_robertson00,

Thank you for your post.

I have created a video detailing how to set this up in the Strategy Wizard, you may view this video at the following link: http://screencast.com/t/ZxPsnlm6uC

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

[[email protected]]

Hello john_robertson00,

Thank you for your post.

I have created a video detailing how to set this up in the Strategy Wizard, you may view this video at the following link: http://screencast.com/t/ZxPsnlm6uC

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

Hi Patrick:

I would like to develop a strategy to enter long when SMA-5 cross over SMA-13 and vive versa for short.
Also, I would like to set a trailing stop loss for the above trades along the ATR TRAILING STOP indicator line.
Appreciate your help in preparing a video as above.
Thank you in advance.
Regards,

Raj

[NinjaTrader_PatrickH]

Hello Raj,

Thank you for your post.

I have created a video for your request at the following link: http://screencast.com/t/rvAAVHgcZ

Please let me know if you have any questions.

[john_robertson00]

Thank you very much for the video Patrick. A Visual showing is always great.
Appreciate it.

[d-a-n-y87]

Moving stop loss in automatic

example I want to go short at 1.2780 with a stop loss at 1.2790

the
price moves to 1.2770 immediately.

so I want my stop will
automatically move to the 1.2780 price on the price entry

by strategy automatic Wizard not script


CAN HELP ME??

[NinjaTrader_PatrickH]

Hello d-a-n-y87,

Thank you for your post and welcome to the NinjaTrader Support Forum!

I have created a video on your inquiry, you may view this video at the following link: http://screencast.com/t/Df62IvO1n

Please see our Help Guide articles on How to use the Strategy Wizard as well as NinjaScript Strategies. More information on these subjects can be found below:

• Click here for more information on Developing Strategies with the Strategy Wizard
• Click here for a Tutorial on Developing Strategies

I'm also proving a link to a recently recorded 'Automated Strategy Development Webinar' video for you to view at your own convenience: Automated Strategy Development Level 1 - NinjaTrader Training - 3/26/2013

There are a few Sample Automated Strategies which come pre-configured in NinjaTrader that you can use as a starting point. These are found under Tools--> Edit NinjaScript--> Strategy. You will see locked strategies where you can see the details of the code, but you will not be able to edit (you can though always create copies you can later edit via right click > Save as)

We also have some Reference samples online as well as ‘Tips and Tricks’ for both indicators and strategies:

• Click here to see our NinjaScript Reference Samples
• Click here to see our NinjaScript Tips

These samples can be downloaded, installed and modified from NinjaTrader and hopefully serve as a good base for your custom works.

Lastly, you can attend one of our live Automated Strategy Development Webinars to help you get up to speed on developing strategies:

http://www.ninjatrader.com/Webinar/Automated-Strategy-Development-Level-1.php

We also have Premium Paid Educational events where you will join a NinjaScript expert for a pair of 6-8 hour long intensive courses designed to provide you with in-depth training on how to create, test and deploy fully automated strategies.

http://www.ninjatrader.com/PremiumEducation.php

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

[d-a-n-y87]

Re patrick

thanks for the reply, but I meant another setting,

for example if the price reaches +10 tick gain after an hour of time just at that moment I want you to stop moving.

with the trailing stop this would not happen.

[NinjaTrader_PatrickH]

Hello d-a-n-y87,

Thank you for your response.

Adjusting the Stop Loss to a new value and then stopping it after a certain condition is not possible in the Strategy Wizard.

However, you can hard code such conditions in NinjaScript directly. For a reference sample on monitoring Stop Loss and Profit Targets please visit the following link: http://www.ninjatrader.com/support/f...ead.php?t=5790

Please let me know if you have any questions.

[d-a-n-y87]

could you make a video of how you should do to solve the problem, because I'm Italian and I do not understand the solution you sent me

[NinjaTrader_PatrickH]

Hello ,

Thank you for your response.

I would not be able to detail this in a short video, but I have provided an example of adjusting the Stop Loss based on your conditions below:

        #region Variables
		private bool enter = true;
		private int enterTime = 0;
		private int sinceEntry = 0;
		private double stopStop = 0;
        #endregion

        protected override void Initialize()
        {
            
        }
        protected override void OnBarUpdate()
        {	
			//Only run on Real-Time Data
			if(Historical)
				return;
			
			//Only enter new position once
			if(enter)
			{
				EnterLong();
				enterTime = ToTime(Time[0]); //Track entry time
				enter = false; //No more entries
			}
			
			//Check if we are in a long position
			if(Position.MarketPosition == MarketPosition.Long)
			{
				sinceEntry = ToTime(Time[0]) - enterTime; //Difference between current time and entry time
				
				//Set the Stop Loss 1 tick behind current price if an hour has not passed since the entry
				if(sinceEntry < 6000)
				{
					SetStopLoss(CalculationMode.Ticks, 1);
					stopStop = Close[0] - (1 * TickSize);
				}
				
				//Stop updating Stop Loss after 10 ticks in profit and an hour has passed
				if(Close[0] >= Position.AvgPrice + (10 *TickSize) && sinceEntry >= 6000)
				{
					SetStopLoss(CalculationMode.Price, stopStop);
				}
			}
        }

Please let me know if you have any questions.

[d-a-n-y87]

I'm sorry but I do not understand the script but only wizard

[NinjaTrader_PatrickH]

Hello d-a-n-y87,

Thank you for your response.

Adjusting the Stop Loss to a new value and then stopping it after a certain condition is not possible in the Strategy Wizard.

[d-a-n-y87]

I can test the automatic strategy with market replay?

[NinjaTrader_Matthew]

Hi,

Yes, you can use market replay to run your strategies and test them just like it was a live market.