Stop Loss (Fix and Trailing)

[neshnix89]

Hello,

I'm recently working on an automated strategy that involves using super trend indicators (attached). I have difficulties adding my stop loss. I have 2 types of entry, 1stEntryLong, and 2ndEntryLong.

For 1stEntryLong:
1) Stop loss to be set at the swing low.
2) Once the low and high of the candle is above the entry price, move the stop loss to 1 tick in profit.
3) If the next supertrend green line goes above the 1 tick stop loss profit, the stop loss follows the supertrend line.

For 2ndEntryLong
1) Set stop loss as the green supertrend line.
2) Stop loss adjusts to follow the green supertrend line. So it will be constantly changing following the supertrend.

Can this be done using the strategy builder? If we need to unlock the code, can you assist in showing me how this will be coded?

I have attached the strategy that I have created so far using the Strategy Builder. Appreciate the help.

[NinjaTrader_BrandonH]

Hello neshnix89,

Thanks for your post.

You would likely need to create multiple double variables in the Inputs and Variables screen to hold the entry price of your Entry order when it is submitted, the swing low value from the Swing indicator, and the SuperTrend indicator value.

To save the entry price of your Entry order, you would assign the Close[0] price to a double variable in the same Set as your Entry order method, after the Entry order method is called. This way, the strategy will place the EnterLong/EnterShort order at the Close[0] price and then the Close[0] price would be saved to your double variable.

These double variables could then be used to set up conditions and actions in the Conditions and Actions screen of the Strategy Builder.

Note that you would need to use Exit order methods, not Set methods, to create your Profit Target and Trailing Stop logic.

Please note that you would not be able to use the Exit methods and the Stops in the Stop and Targets window as that creates a violation of the Managed Approach Internal Order Handling Rules, linked here: https://ninjatrader.com/support/help...d_approach.htm

My colleague Chelsea has created educational examples of Strategy Builder Breakeven and Trailing Stop in the Strategy Builder here:
https://ninjatrader.com/support/foru...der#post806596

Also, see the help guide documentation below for more information about working with the Strategy Builder.

Strategy Builder Screens: https://ninjatrader.com/support/help...er_screens.htm
Conditions: https://ninjatrader.com/support/help...on_builder.htm
Actions: https://ninjatrader.com/support/help...t8/actions.htm

Let us know if we may assist further.

[RallySquirrel]

Hello,

I'm recently working on an automated strategy that involves using super trend indicators (attached). I have difficulties adding my stop loss. I have 2 types of entry, 1stEntryLong, and 2ndEntryLong.

For 1stEntryLong:
1) Stop loss to be set at the swing low.
2) Once the low and high of the candle is above the entry price, move the stop loss to 1 tick in profit.
3) If the next supertrend green line goes above the 1 tick stop loss profit, the stop loss follows the supertrend line.

For 2ndEntryLong
1) Set stop loss as the green supertrend line.
2) Stop loss adjusts to follow the green supertrend line. So it will be constantly changing following the supertrend.

Can this be done using the strategy builder? If we need to unlock the code, can you assist in showing me how this will be coded?

I have attached the strategy that I have created so far using the Strategy Builder. Appreciate the help.

Hey neshnix, I have had the same problem and wondered if you found a solution to this. https://ninjatrader.com/support/foru...or#post1226118

I am not sure how to create double variables that reference previous candle highs and lows.

[NinjaTrader_BrandonH]

Hello RallySquirrel,

Thanks for your note.

I understand that you want to create two double variables and assign the previous candle's High price and the previous candle's Low price to those variables.

Double variables named something like PrevHighPrice and PrevLowPrice can be created on the Inputs and Variables screen of the Strategy Builder.

Then, in the Actions section of the Conditions and Actions screen of the Builder, you could assign the High price and Low price with a BarsAgo value of 1 to those variables. Supplying a BarsAgo value of 1 when using a price will access that price value of the previous candle (High[1] or Low[1]).

See the attached example script demonstrating this. The example scripts saves the previous High price and previous Low price to double variables. Then, draws text on the chart to display the value of those variables.

To see the generated syntax to accomplish this, you could click the 'View code' button in the Strategy Builder when viewing the script.

See the help guide documentation below for more information about working with the Strategy Builder.

Strategy Builder Screens: https://ninjatrader.com/support/help...er_screens.htm
Conditions: https://ninjatrader.com/support/help...on_builder.htm
Actions: https://ninjatrader.com/support/help...t8/actions.htm

Here is a link to our publicly available training video, 'Strategy Builder 301', for you to view at your own convenience.

Strategy Builder 301 — https://www.youtube.com/watch?v=_KQF2Sv27oE&t=13s

If you are new to C#, to get a basic foundation for the concepts and syntax used in NinjaScript I would recommend this section of articles in our help guide first:
https://ninjatrader.com/support/help...g_concepts.htm

Let me know if I may assist further.

[RallySquirrel]

Hello RallySquirrel,

Thanks for your note.

I understand that you want to create two double variables and assign the previous candle's High price and the previous candle's Low price to those variables.

Double variables named something like PrevHighPrice and PrevLowPrice can be created on the Inputs and Variables screen of the Strategy Builder.

Then, in the Actions section of the Conditions and Actions screen of the Builder, you could assign the High price and Low price with a BarsAgo value of 1 to those variables. Supplying a BarsAgo value of 1 when using a price will access that price value of the previous candle (High[1] or Low[1]).

See the attached example script demonstrating this. The example scripts saves the previous High price and previous Low price to double variables. Then, draws text on the chart to display the value of those variables.

To see the generated syntax to accomplish this, you could click the 'View code' button in the Strategy Builder when viewing the script.

See the help guide documentation below for more information about working with the Strategy Builder.

Strategy Builder Screens: https://ninjatrader.com/support/help...er_screens.htm
Conditions: https://ninjatrader.com/support/help...on_builder.htm
Actions: https://ninjatrader.com/support/help...t8/actions.htm

Here is a link to our publicly available training video, 'Strategy Builder 301', for you to view at your own convenience.

Strategy Builder 301 — https://www.youtube.com/watch?v=_KQF2Sv27oE&t=13s

If you are new to C#, to get a basic foundation for the concepts and syntax used in NinjaScript I would recommend this section of articles in our help guide first:
https://ninjatrader.com/support/help...g_concepts.htm

Let me know if I may assist further.

Very helpful. Thank you