getting out of a trade going the wrong way

[paschall]

Hi there. I have a strategy that does the right thing most of the time. Occasionally, the market moves in opposite direction than anticipated (that's just life, right?). To account for these unexpected market actions, I am trying to use NBarsDown/NBarsUp to exit from these conditions. However, it doesn't always work. Here's how I'm implementing it:

protected override void Initialize()
{
CalculateOnBarClose = false;
}

protected override void OnBarUpdate()
{
...
bool goingdown = false;
....
if (NBarsDown(3, true, true, true)[0] == 1)
goingdown = true;
...
// If you have 3 consecutive bars go against the trade, get out
if (goingdown)
ExitLong();
}

However, when I run the code on real data, I still have conditions where there are 3 bars going down (in my LONG trade) but the strategy doesn't exit the long condition. Any ideas? I do set a stop loss prior to these lines of code using:

SetStopLoss(CalculationMode.Price, smaT);

Does the SetStopLoss inclusion override the logical "if going down, get out" logic? Any feedback or pointers would be appreciated.

Regards,
Dwayne

[NinjaTrader_Ben]

Hello,

From what you posted I can't tell. Try printing out your variables and check if your market position is what you think it is:

http://www.ninjatrader-support.com/HelpGuideV6/MarketPosition.html