Exit Immediately

[deurich]

I am losing my mind.

Simple strategy I cannot for the life of me get to work with the wizard. If I enter a long position, I want to exit immediately the next bar if the price falls below the previous bars low.

So go long on a 15 minute chart at 9:05am and the 9-9:15 bar ranges from from 12-13$, and in the 9:15-30 bar if at any point the price is < 12$ (previous bars low) then exit long position.

I am using the wizard and i cannot get it to work.

I have the following:
position.marketposition == marketposition.long
low(0)<low(1)

do the following:
ExitLong

I have calculate on bar close = false

Many Thanks

D.

[NinjaTrader_Tim]

Hi deurich,

Thank you for your post.

Keep in mind that if you reference Low[0], this will still look at the previous bar. That's because it doesn't actually know where the low is yet. Try Close[0] instead. With CalculateOnBarClose = false, it will assume you mean the current price of the current bar.

[deurich]

Well I tried the following;

BarSinceEntry()==1
PositionMarketPosition == MarketPosition.Short
Close(0)>High(1)

ExitShort

As you can see from the picture, the exit did not trigger until my stop loss at 50 ticks? Not sure what I did wrong here?

[NinjaTrader_Tim]

Hi deurich,

You have BarSinceEntry()==1, and on the following bar the price was never greater than the high of the previous. You may want to change this to not include the BarsSinceEntry line.

[deurich]

Hi Tim, I have tried that as well. Same result, exit never triggers despite the fact that each of the green bars for sure are higher than the previous bar.

D.

[NinjaTrader_JoshP]

Please post exact, complete code along with exact TraceOrders = true output. Thank you.

[deurich]

Ok, I understand why it is exiting when it does .. because my code is wrong!

What I basically want is a trailing stop with the stop set to the previous bars low (if I was long for example) or previous bars High (if I was short).

If the trade movies in my favour, I want to stay in the trade until the price breaks below the previous bars low or high.

The way I had written the code it went off of the previous bar prior to my trade entry. I would like to try and make it a trailing stop type of entry.

I assume I have to use the time command but not sure how? May have to ask your programming group??

Thanks

D.

[NinjaTrader_Tim]

Hi deurich,

Here are a few resources on setting and changing the stop loss (trailing stop).

http://www.ninjatrader-support.com/HelpGuideV6/helpguide.html?SetTrailStop

http://www.ninjatrader-support2.com/vb/showthread.php?t=3222