ATR StopLoss

[ema.mfg]

I´d like to add an ATR Stop to my strategy.
That is: if the actual price is lower than the entry price minus 1 * ATR(14) the long position should be stopped out.

I tried the following:
Condition 3: Variabel0 == ATR(14) [1]
Than I choose this variable0 in the "Stops and Target" menu:
SetStopLoss("", CalculationMode.Ticks, Variable0, false)

But in this case, the stoploss is executed at the entry price.
What do I do wrong?

I would also like to test how ATR multiple work as stoploss levels....

Thanks

[sjmuk]

did you figure it out?

Hi,

I am also trying to figure this out, did you ever get a reply or find a solution? I want to set a stop 1*ATR (20) [0] below / above and a profit order n*ATR (20) [0] Above / below.

cheers

[NinjaTrader_Ben]

Hello,

First are you coding this or building it in the wizard? If coding, please post the actual code. If wizard, please post screen shots of the parameters.

To send a screenshot press Alt + PRINT SCREEN to take a screen shot of the selected window. Then go to Start--> Accessories--> Paint, and press CRTL + V to paste the image. Lastly, save as a jpeg file and send the file as an attachment.

[sjmuk]

Can it be done in Wizard

Hi,

Thanks for the prompt reply but i haven't even begun with either approach. I would prefer to get some guidance on the best way to do it. I would prefer to use the wizard if it can be done through the wizard. Your assistance in describing an approach would be much appreciated. Please don't simply paste a link to the online help manual.

regards

[NinjaTrader_JoshP]

sjmuk,

This can only be done through custom programming. The Wizard will not be able to attach stop/targets to ATR.

[sjmuk]

Is this a secret or something?

Thankyou for ruling out the wizard but please try and answer the original question and give some guidance on the best approach for this??????????

[NinjaTrader_RyanM1]

Hello sjmuk,

You can access the price you entered with Position.AvgPrice. If you want to test whether current price is less than your entry price by the 14-bar ATR, this can be expressed in code:

 
if (Close[0] < Position.AvgPrice - ATR(14)[0])

[rickym]

is there a way to get more variables on the first screen of the Strategy Wizard?

is there a way to get more variables on the first screen of the Strategy Wizard?
I need more variables to build my strategy and I want to make sure that they all are available to be optimized with the genetic optimizer...
thanks in advance...

[NinjaTrader_RyanM1]

Hello Rickym,

Welcome to our forums.

Unfortunately the number of variables available in the wizard can't be changed. You will have to work with code if you want to create additional variables.