SetStopLoss not moving

[ktmdave]

Hello. I have a problem with "SetStopLoss("target1long", CalculationMode.Ticks, 20, true);" not moving my stop.

I use market orders and my initial set stop loss is working just fine. here is the code I use:
SetStopLoss("target1long", CalculationMode.Ticks, 250, true);
entryLongOrder1 = EnterLong(numcontracts, "target1long");

I call "SetStopLoss("target1long", CalculationMode.Ticks, 20, true);" in my code and I am 100% sure it is being called, however, my stop is not moving from the initial stop loss.
It doesn't matter what the tick amount is, it never gets set and always reverts back to my initial stop.

I am running the free sim version of ninjatrader and I connect to an FXCM demo account.

Thanks for the help!

[NinjaTrader_ChelseaB]

Hello ktmdave,

It sounds as if the first SetStopLoss is getting called again.

May I see a reduced version of this code that is able to reproduce the issue?

[ktmdave]

Hello, the first set stop loss does not get called twice. I am using if market position is flat.
Also note, I am using live data, demo account.

David

[NinjaTrader_ChelseaB]

Hi ktmdave,

The usage of SetStopLoss does allow for you to move the stop. I think there is something in your logic that is causing the issue.

I would need to see the code you are using to understand the issue.

May we see a reduced version of your code that only has the code necessary to reproduce the situation?

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

[ktmdave]

Here is my entry code:

if (Position.MarketPosition == MarketPosition.Flat){
if (
(WMA(200)[0] > WMA(350)[0])

){
SetStopLoss("target1long", CalculationMode.Ticks, 250, true);
entryLongOrder1 = EnterLong(numcontracts, "target1long");
}
}



Here is my code to update the set stop loss(this gets called tick by tick):
if (Position.MarketPosition == MarketPosition.Long)
{
pipgain = Math.Round(((Input[0] - Position.AvgPrice)/(TickSize*10)),1);

if ((pipgain >= 10) && (setbreakeven == 0))
{
SetStopLoss("target1long", CalculationMode.Ticks, 20, true);
setbreakeven=1;
}
}//end marketingposition long

[ktmdave]

I do see one possible problem, actually, my code to change the stop loss is in a barsinprogress=1 function with a tick period of 1. I am running calculate on bar close=true. I am wondering how the Input[0] is set in a calculate on bar close=true? Maybe I should use Close[0] instead of Input[0]. But this should not matter. I have confirmed that my setstoploss is being called. (I put a print statement in).

[NinjaTrader_ChelseaB]

Hi ktmdave,

When a secondary data series is added this complicates things.

While I don't see in the code that the stop loss would be reset with a single series, I can see that it may be reset with two data series.

Once you start using multiple data series, you need to control which BarsInProgess is running. Also you need to reference the data and position of that particular BarsInProgress.

If you order is placed on BarsInProgresss 0, Positions[0] will be long but Positions[1] will be flat. This means that while BarsInProgress 1 is running the SetStopLoss will be called again.

Have you put a print in the first condition to ensure that BarsInProgress 1 is not resetting the stop loss?

May I have the complete reduced code as an export so that I may test this?

[ktmdave]

-I have a print statement on the main entry/stop code and I am 100% sure it is being called just once.
-My entry is on barsinprogress=0
-My stop loss update code is on barsinprogress=1

I am only using the barsinprogress=1 to manage my order by calculating pips gained/lost, then modifying my stop.
So it sounds like I have two options:
1. move my order management code to barsinprogress=0, and calculateonbarclose=false;
2. in my Barsinprogress=1, order update code, I would need to change the SetStopLoss statement to reference the order in Positions[0]. What would this look like?

I am away from my pc right now, so it is really difficult for me to attach my code.
Can you comment on the options above please?
I really appreciate your help!

[NinjaTrader_ChelseaB]

Hi ktmdave,

From how you have described your code, the code you have posted in the thread is not similar to this.

The code you have posted looks like it will happen all in the same BarsInProgress.

It is fine to submit an order with BarsInProgress 0 and then update the stop in BarsInProgress 1.

If this is how it is designed to work I wouldn't move it. I can't really comment on it because I cannot see your code that is actually in your strategy.

[ktmdave]

Hi Chelsea , if my initial setstoploss(SetStopLoss("target1long", CalculationMode.Ticks, 250, true)) is 250 ticks back from the order entry price, when I run another setstoploss, (SetStopLoss("target1long", CalculationMode.Ticks, 20, true) at 20 ticks, would this set my stop loss to 270 ticks from the order entry price?

[NinjaTrader_ChelseaB]

Hi ktmdave,

No, if it is initially at 250 ticks, and you call SetStopLoss("target1long", CalculationMode.Ticks, 20, true); this will place the stop loss at 20 ticks not 270. Also, this would be a simulated stop.

[ktmdave]

both of these cases are from order entry price (position.avgprice)?

[NinjaTrader_ChelseaB]

Thats mostly correct ktmdave. The SetStopLoss will be a number of ticks from the IOrder.AvgFillPrice.

[ktmdave]

So this was my problem. I am now using Calculationmode.price instead. Thank you for helping me understand that.
Once more question related to this. When using the simulated=true option on the setstoploss, this is for simulating a stop when not running on a real account, correct? So when I go live with real money, I need to change the simulated to false? What would happen if I left simulated=true and ran live with a real account?

Thanks!

[NinjaTrader_ChelseaB]

Hi ktmdave,

The simulated stop doesn't mean much when using the Sim101 account.

A simulated stop is one that rests on your local computer instead of being submitted to the broker until the stop is touched. At that point it will submit either the market order or limit order to the broker.

The simulation engine is also on your local machine. Simulated stops are really only useful for live orders to your broker. Using true or false for Sim101 orders won't make any difference.

One reason this is used is to hide orders from market or to delay the margin being taken by the order until it is ready to fill.

Below is a link to the help guide on Simulated Stop Orders.
http://www.ninjatrader.com/support/h...top_orders.htm