How would I code SMA as a stoploss using

[kaywai]

SetStopLoss()?

[NinjaTrader_RyanM1]

Hello Kaywai,

You could plug in the value of the SMA for the price.

SetStopLoss(CalculationMode.Price, SMA(14)[0]);

http://www.ninjatrader-support.com/H...tStopLoss.html

[Baruch]

No its wrong for stoploss.
In Rayn's formula the stoploss can go up and down!

Baruch

[roonius]

No its wrong for stoploss.
In Rayn's formula the stoploss can go up and down!

Baruch

You have to use addition variable for that.
When you enter the trade:
stopprice = SMA(period)[0];
SetStopLoss(CalculationMode.Price, stopprice);

While you are in the trade:

stopprice = Math.Max(SMA(period)[0], stopprice);
//for long position; for short position use Math.Min
SetStopLoss(CalculationMode.Price, stopprice);

[Baruch]

You have to use addition variable for that.
When you enter the trade:
stopprice = SMA(period)[0];
SetStopLoss(CalculationMode.Price, stopprice);

This is also not correct. For example when you go long and the SMA is above the price!!
But its easy do it correctly.

Baruch

[mrlogik]

kaywai,

The answer to your question depends on exactly what you want to do. Do you want a trailing stop, hard stop that doesn't move? If you're taking a long position, is the SMA below the entry price?

Give more details and you will get a more precise answer.

[roonius]

This is also not correct. For example when you go long and the SMA is above the price!!
But its easy do it correctly.

Baruch

Off course you have to check a lot of things. The strategy usually takes more than 2 lines of code.

[kaywai]

Guys, Thanks for all the answers. It's kinda like a trailing stop. And since I am using SetStopLoss as my method, I was just thinking how I could tweak it automatically. The thought that first came to mind was SMA or more specifically TD Moving Average I. I just didn't know how to write the code for it.

[mrlogik]

Kay,

As long as you ensure the MA price is below your entry price for long when you first call SetStopLoss(), and above for short you can use Ryan's first response for your code.

[kaywai]

Will do. Thanks mrlogik!

[mrlogik]

No problem. Post any coding issues you have and I'll be happy to help.