Strategy stop loss

[junkone]

hello
i have a strategy of stop loss of 1.5 atr. in the code below i get error
10/12/2008 5:53:28 AM Order Sell stop or sell stop limit orders can't be placed above the market. Affected Order: Sell 9962 Stop @ 1.0747
the runtime ATR value is .0038.



10/12/2008 5:53:29 AM Entered internal SetStopTarget() method: Type=Stop FromEntrySignal='ZLR' Mode=Ticks Value=0.00380578851165889 Currency=0 Simulated=False
need to implement logicATR value 0.00380578851165889
10/12/2008 5:53:29 AM Entered internal SetStopTarget() method: Type=Stop FromEntrySignal='ZLR' Mode=Ticks Value=0.00380578851165889 Currency=0 Simulated=False
10/12/2008 5:53:29 AM CancelAllOrders: BarsInProgress=0

[FONT=Courier New][SIZE=2][COLOR=#0000ff]
private[/COLOR][/SIZE][/FONT][FONT=Courier New][/FONT][FONT=Courier New][SIZE=2][COLOR=#0000ff]void[/COLOR][/SIZE][/FONT][FONT=Courier New][SIZE=2] setupStops(){


Print([/SIZE][/FONT][FONT=Courier New][SIZE=2][COLOR=#800000]"need to implement logic"[/COLOR][/SIZE][/FONT][FONT=Courier New][SIZE=2] + [/SIZE][/FONT][FONT=Courier New][SIZE=2][COLOR=#800000]"ATR value "[/COLOR][/SIZE][/FONT][FONT=Courier New][SIZE=2] + ATRValue);
SetStopLoss(SIGNALZLR,CalculationMode.Ticks,ATRValue,[/SIZE][/FONT][FONT=Courier New][SIZE=2][COLOR=#0000ff]false[/COLOR][/SIZE][/FONT][FONT=Courier New][SIZE=2]);

[/SIZE][/FONT][FONT=Courier New][SIZE=2][COLOR=#008000]//entryOrder.
[/COLOR][/SIZE][/FONT][FONT=Courier New][SIZE=2]}
[/SIZE][/FONT]

why is this code not firing a top which is .0038 away from my entry price

[NinjaTrader_Bertrand]

Hi junkone,

Please check out this reference sample dealing with StopLoss and ProfitTarget modifications - http://www.ninjatrader-support2.com/...ead.php?t=3222

Also the SetStopLoss() expects the offset to be entered in ticks (with CalculationMode.Ticks), so please make sure this works out to the stoplevel you expected.

[junkone]

i have read it quite a bit and need more clarity.
the instrument in this case if AUDUSD and its tick value if .0001
and a buy price of 1.0747. am trying to set a stop loss of .0036 from my purchase price and to be expressed in ticks.
so should the function call read
SetStopLoss(SIGNALZLR,CalculationMode.Ticks,36 ,false);
or should it read
SetStopLoss(SIGNALZLR,CalculationMode.Ticks,.0036 ,false);

[NinjaTrader_JoshP]

The first one with 36.

[junkone]

how to cancel the stop loss

how do i cancel the stop loss order?

[NinjaTrader_Bertrand]

Hi junkone,

The StopLoss order will be automatically cancelled if the position is closed by another order.

You can also look into the CancelOrder() method - http://www.ninjatrader-support.com/H...ncelOrder.html

[NinjaTrader_JoshP]

To clarify, you cannot explicitly cancel an order submitted by a Set() method. If you managed your own stop loss order through the use of ExitLongStop() or ExitShortStop() you can use CancelOrder() to cancel that order.