Conditional Trail Stop

[GreenTrade]

I am trying to have a stop order trail the market after certain conditions apply. I have the following code snippet in the OnBarUpdate section of code:

if(Position.MarketPosition==MarketPosition.Long && (MAX(High,(Math.Max(0,BarsSinceEntry("LongEntry")) ))[0]) >= Position.AvgPrice + .0050)

stopOrder = ExitLongStop(1, Position.AvgPrice + (MAX(Low,(Math.Max(0,BarsSinceEntry("LongEntry"))) )[0]) - .0020, "TrailLongTarget", "LongEntry") ;

Basically what I am trying to do is on each new bar check to see if any high since I entered the long position is > entry price + 50 pips. If so a stop order should be place under the highest low since entry - 20 pips. And then update if a new higher low would occur. I also have a hard stop order placed in the onExecution section. Could the problem be having to different stop orders? If so how do I get around this. Otherwise any ideas on how to make this work. Thanks!

GT

[NinjaTrader_Ben]

Hello,


Here are a couple ideas:

- Instead of using " - .0020" and " + .0050" use "20 * TickSize" and "50 * TickSize".

- When you enter your LongStop, save your order price as something like my_long_stop_price then do this to exit it:
ExitLongStop(my_long_stop_price, "LongEntry");

- You do not show where you are re-entering your Long Stop so I cannot help you with the trailing part.

[GreenTrade]

Thanks for your help. I reworked the math and found out the code was adding the entry price and the high price together. Since cannot place sell stop above the market it would never place the order. Thanks again.

GT