Stop losses in multiple time frames

[grahamwillsher]

Hi,

I am using a strategy that is based on multiple time frames, these being daily, weekly and monthly.

The issue that I have is that I want to set the stoploss based on the weekly price and to be executed when looking at the weekly timeframe , but it seems to be executed based on the daily price, e.g the one with the smallest update period.

Thus my question is twofold;

How does the stoploss actually work in a multiple timeframe environment,(is it as I described above)?
If so how do I get a stoploss to work on the weekly timeframe rather than the daily?

TIA,

Graham.

[NinjaTrader_JoshP]

Graham,

If you are using SetStopLoss() it is independent of the time frame and goes by the most frequently updated (daily in your case).

Only way to get it off of weekly is if you use explicit exit orders like ExitLong() and only submit it when your weekly price breached your stop price.