reset stop loss set as a percent

[Manuel17]

Hello,

The Help section for the SetTrailStop explains that "Should you call this method to dynamically change the trail stop price in the strategy OnBarUpdate() method, you should always reset the trail stop price/offset value when your strategy is flat otherwise, the last price/offset value set will be used to generate your trail stop order on your next open position"

How can you do this? I am backtesting a strategy but the trailing stop does not work properly. I suspect that this is my issue.

[Manuel17]

Following my previous message, I do not understand why when I backtest my strategy the Trailing Stop triggers at my entryprice and does not follow the 2.5% I set. Would it come from the fact that I am backtesting on daily data? how can I adjust this?

[NinjaTrader_PaulH]

Hello Manuel17,

Thanks for your posts.

To answer your first post: If for example in one area you set to a 2.5% stop and then in another area you set it to a 1.5% stop, if the 1.5% stop was the last used, then it (SetTrailStop) will remain at 1.5% for your next entry. The helpguide is advising that if you have changed the trailstop in the code to remember to reset it (if you need to) to 2.5% in this example.

To reset your trail stop when flat you can use the following example code:

if (Position.MarketPosition == MarketPosition.Flat)
{
SetTrailStop(your settings in here); // reset trail stop to preferred value.
}

Here is the helpguide link on MarketPosition: http://ninjatrader.com/support/helpG...etposition.htm


For your second post, please post the specific line of code where you are setting your trail stop. If you use CalculationMode.Ticks,and specify an appropriate amount of ticks, does the same thing occur?

[Manuel17]

Thanks Paul for your quick reply. I do not want to change the percentage dynamically, so I am going to use it in the Initialize section. Here is the code that I am using:

protected override void Initialize()
{
CalculateOnBarClose = true;
EntriesPerDirection = 1;
ExitOnClose = false;
EntryHandling = EntryHandling.AllEntries;
Add (SMA(smalength));
Add(MACD(12,26,9));
MACD(12,26,9).Panel=2;

MACDsignal = new DataSeries(this);
RealtimeErrorHandling = RealtimeErrorHandling.TakeNoAction;

SetTrailStop(CalculationMode.Percent, trailingstop);


}

I am using this strategy on various instruments (currencies, commodities) and with daily data, so I want to set my trailing stop as a percentage, not on a tick basis.

[NinjaTrader_PaulH]

Hello Manuel17,

Thanks for your reply.

Can you clarify what the specific value is that you are entering for the variable "trailingstop". Also, is the variable "trailingstop" an integer or a double type?

[Manuel17]

I use a double variable set at 0.025

[NinjaTrader_PaulH]

Hello Manuel17,

Could you post a screenshot showing the issue you are experiencing?

[Manuel17]

Hello Paul,

Please kindly find attached a screenshot of my issue.

Thanks,

Manuel

[NinjaTrader_PaulH]

Hello Manuel17,

Thanks for your post.

Using the information provided I've not be able to replicate what you are seeing. At this point to resolve, please post your strategy code and settings used in the strategy analyzer. You may want to take a screen shot of the settings used.

If you would prefer not to post publicly, please fee free to send to PlatformSupport[at]NinjaTrader[dot]Com. In the subject line please use "Forum Post: reset stop loss set as a percentage, Atten Paul.