Why Doesn't This Work?

[daven]

I can't seem to make what seems to be a logical construct actually work. I am trying to move a stop to breakeven after a certain amount of unrealized profit has been achieved. That level of profit is contained in the double variable "BE_Move". Prior to moving the stop to a breakeven price level, the stop was a tick based stop whose value was defined by the variable "stop", and implemented in a command in the initialize section of the code. Also when flat, the stop is re-initialized to the original tick-based stop.

When I test this, I never see a trade which closes at a small stop loss meaning the BE Move threshold was achieved, the stop was moved to BE, and price eventually bounced back to the BE price level.

I must be missing something obvious, I just can't see what it is.

Thanks for your help.

DaveN

			if (Position.MarketPosition != MarketPosition.Flat)
					{
					if (Position.MarketPosition == MarketPosition.Long
						&& Position.GetProfitLoss(Close[0], PerformanceUnit.Currency) > BE_Move)
						{
						SetStopLoss("GM_LL", CalculationMode.Price, Position.AvgPrice, false);
//						DrawText("BarCount" + CurrentBar, BarsSinceEntry().ToString(), 0, Low[0] - 15 * TickSize, Color.Cyan);
						}
					else if (Position.MarketPosition == MarketPosition.Short
						&& Position.GetProfitLoss(Close[0], PerformanceUnit.Currency) > BE_Move)
						{
						SetStopLoss("GM_LS", CalculationMode.Price, Position.AvgPrice, false);
//						DrawText("BarCount" + CurrentBar, BarsSinceEntry().ToString(), 0, High[0] + 15 * TickSize, Color.Magenta);
						}
					}

[NinjaTrader_ChelseaB]

Hi DaveN,

Thanks for your post.

I think you should add TraceOrders = true; to the Initialize() method. This will print when the SetStopLoss is called so that you can see that the stop has been moved.