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SetStopLoss currency mode Forex

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    SetStopLoss currency mode Forex

    SetStopLoss(1);
    SetStopLoss(
    10);
    SetStopLoss(100);

    Default Quantity 10000

    All put the stop 1 tick ( 10 1/10ths) from the entry price
    tick and percent work fine - is there a restriction to the pair type for currencies/Forex ?

    MicroTrends
    NinjaTrader Ecosystem Vendor - micro-trends.co.uk

    #2
    MicroTrends,

    Point value for FOREX is based on a standard unit size of 100,000 - not 10,000.

    http://www.ninjatrader.com/support/h...strategies.htm
    Ryan M.NinjaTrader Customer Service

    Comment


      #3
      So the SetStopLoss current value will always relate to multiples of 1 standard lot -
      So for example:
      4 Standard Lots of GBPUSD Direct Pair
      Based on Pip value of $10 per whole pip
      Default Quantity 400,000
      Stop Loss Cash 400

      Would set a stop 10 whole pips from the entry?
      MicroTrends
      NinjaTrader Ecosystem Vendor - micro-trends.co.uk

      Comment


        #4
        I have retested and it is still no different
        SetStopLoss(200)
        Default Quantity 100,000
        Stop size in ticks = 1PIP

        Cash stop works fine for Futures so I will force the use of ticks or price for forex stops and targets for the time being
        MicroTrends
        NinjaTrader Ecosystem Vendor - micro-trends.co.uk

        Comment


          #5
          MicroTrends, a 20 Pip stop / target in currency mode would be set like this below -

          SetStopLoss(20000000);
          SetProfitTarget(20000000);

          Comment


            #6
            Ok the penny has dropped - I was working on the value of 1pip converted
            That's much better -
            MicroTrends
            NinjaTrader Ecosystem Vendor - micro-trends.co.uk

            Comment

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