SetTrailStop frequency

[ctrlbrk]

Hi,

I read through a dozen or so threads regarding SetTrailStop in the strategy.

Is the frequency that this is updated every tick? Can it be adjusted, like with ATM, or is it locked at 1 tick?

Also, is the best way to 'reset' the trailstop amount when flat to call it using an outrageous stop, like 9999 ticks, or is it ok to just re-enter the trailstop on every entry like EnterLong() then followed by a SetTrailStop() ?

Mike

[NinjaTrader_Ray]

I believe it is updated either on the close of the bar or every tick depending on what the "Calculate on bar close" parameter is set to. No way to change the frequency as per ATM strategy. Reset it when flat but don't use 9999 since this could be an invalide order price. You would have to reset it to the original stop offset amount you desire.

[ctrlbrk]

Ray,

So if I am using 5 minute bars, the trail won't follow the bid until every 5 minutes? That is a lot of lost profit. Am I understanding right?

Is there a way to run the trailing stop in 'every tick, calculate on bar close=false' mode while keeping the rest of the strategy the same (look at bars every 5 minutes)?

Mike

[ctrlbrk]

For instance...

OnBarUpdate for trailing stop

OnBarClose for rest of strategy

while calculateonbarclose = false ?

Mike

[NinjaTrader_Ray]

Sure, run tick by tick by check your strategy logic in OnBarUpdate() only when:

FirstTickOfBar == true

However, keep in mind that you are the next bar, so to check values for the bar close check the value of 1 bar ago.

[ctrlbrk]

Ray,

Thank you, that is a new feature to me, I will play with it!

I do hope NT7 will allow tick-by-tick (calculateonbarclose = false) within backtesting, would make this easier, having to manually go through one day at a time of market replay to test these things is enough to shoot yourself!

Thanks again.

Mike