30 min trailing stops

[dannypark100]

Hi,

I am developing a strat where the stop is based on the high or low of the previous bar on a rollling basis, so to say that every 30 minutes when a new bar starts, I want the stop to be bought to the high or low of the now previous bar,

does anyone have any tips/ advice / the code to do this already,

Thanks in advance,

Regards,


Dan

[NinjaTrader_CodyB]

Hello,
If you set SetStopLoss() within OnBarUpdate() the strategy will modify the Stop Loss every time OnBarUpdate() is called and if you set the double value for the StopLoss() to High[1] or Low[1] it will move the stop to the High or Low of the previous bar everytime it is called.
I have provided a sample below:

if(ConditionForEntry) && Position.MarketPosition == MarketPosition.Flat)
{
EnterLong();
SetStopLoss(CalculationMode.Price, Low[1]);
}
if(Position.MarketPosition == MarketPosition.Long)
SetStopLoss(CalculationMode.Price, Low[1]);

More information can be found on the SetStopLoss() method at the following link: http://ninjatrader.com/support/helpG...etstoploss.htm

Please let us know if you have any further questions.