MACD Entry Level as StopLoss

[fercho]

Hi,

How to code the entry MACD value as StopLoss in strategy?

Please check attached image.

Thanks in advance for help.

[NinjaTrader_Austin]

fercho, you can do a SetStopLoss() to the current price when you send in your entry order.

Maybe something like this:

if (macd cross above)
{ 
  EnterLong();
  SetStopLoss(CalculationMode.Price, Close[0]);
}

The help guide page for SetStopLoss() can be found here - http://www.ninjatrader.com/support/h...etstoploss.htm.

[fercho]

well you use the price input to set the stoploss, I was talking about the Macd input.

could be something like this?

SetStopLoss(CalculationMode.Price, MACD(12, 26, 9)[0]);

[NinjaTrader_Brett]

right this will work no problem.

Make sure you set it just before you EnterLong(). Also make sure to set it in OnBarUpdate() so it updates. You cannot set this in Initialize().

Let me know if I can be of further assistance.

[fercho]

Didn´t work... strategy F5 compiles OK, but when backtest, MACD goes lower than stoploss MACD and nothing happens.

[NinjaTrader_Matthew]

fercho,

Are you wanting the StopLoss to stay up to date with the MACD value?

Or would you like to use the current MACD value at entry as the stop loss, but cancel the stop if the MACD falls below this value?

[fercho]

I would like to use the current MACD value at entry as the stop loss,

[koganam]

Didn´t work... strategy F5 compiles OK, but when backtest, MACD goes lower than stoploss MACD and nothing happens.

Do you mind posting the code?

[NinjaTrader_Matthew]

I would like to use the current MACD value at entry as the stop loss,

This value should be true for your stop based of your discussion.

As Koganam asked, would you mind sharing your code so we can check for any issues here?

[fercho]

Well as I described I used

SetStopLoss(CalculationMode.Price, MACD(12, 26, 9)[0]);

But has no effect, MACD goes lower stoploss and nothing happens...

You asked me and I replied that:
I would like to use the current MACD value at entry as the stop loss

Thanks for quick reply.

[NinjaTrader_Matthew]

Well as I described I used

SetStopLoss(CalculationMode.Price, MACD(12, 26, 9)[0]);

But has no effect, MACD goes lower stoploss and nothing happens...

You asked me and I replied that:
I would like to use the current MACD value at entry as the stop loss

Thanks for quick reply.

Hello,

I think there may have been some confusion from earlier on what you are attempting to do.

With the current snippet you provided, this would be placing the the order at the MACD value which would not be a valid price.

You would need to create a condition for when the MACD crosses over and then create the stop loss based off the current value, similar to Austin's first reply:

if (macd cross above)
{ 
  EnterLong();
}

You would then need to create an exit condition if the MACD crosses below a specific level:

if (macd cross below)
{
   ExitLong();
}

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?exitlong.htm

[fercho]

again...

Please see image attached.

1 - Condition for EnterLong: CrossAbove(Macd(12, 26, 9), Macd(12, 26, 9).Avg, 1)

2 - Tell the Strategy that "remembers" MACD Value for StopLoss.

3 - If MACD goes down through StopLoss setted in "2", ExitLong.

[koganam]

Well as I described I used

SetStopLoss(CalculationMode.Price, MACD(12, 26, 9)[0]);

But has no effect, MACD goes lower stoploss and nothing happens...

You asked me and I replied that:
I would like to use the current MACD value at entry as the stop loss

Thanks for quick reply.

That code is setting the MACD value as the StopLoss value, meaning essentially that you could be setting the StopLoss value to a negative value. In fact, your original picture does show that the code will set the StopLoss to a negative value.

You instead want to code a condition on the MACD, which if satisfied allows you to grab the corresponding price data, and use it as a stop loss.

if (CrossAbove(MACD(12, 26, 9), MACD(12, 26, 9).Avg, 1)) 
     SetStopLoss("", CalculationMode.Price, Low[0], false);

You may or may not want to add a condition for MACD to be negative, etc.

As the code snippet I showed was probably your entry condition anyway, it just means that you have to set your StopLoss just before your entry, after the entry conditions are met.

[fercho]

[QUOTE=koganam;247696]That code is setting the MACD value as the StopLoss value, meaning essentially that you could be setting the StopLoss value to a negative value. In fact, your original picture does show that the code will set the StopLoss to a negative value.

Yes I want to set as StopLoss or as NinjaTrader let me do it. Maybe StopLoss function can´t because it is a negative value, but maybe some code could do the job instead, that's I'm asking for. With my little code experience It will be hard to figure out.

Thanks for your understand.

[koganam]

[QUOTE=fercho;247712]

That code is setting the MACD value as the StopLoss value, meaning essentially that you could be setting the StopLoss value to a negative value. In fact, your original picture does show that the code will set the StopLoss to a negative value.

Yes I want to set as StopLoss or as NinjaTrader let me do it. Maybe StopLoss function can´t because it is a negative value, but maybe some code could do the job instead, that's I'm asking for. With my little code experience It will be hard to figure out.

Thanks for your understand.

I have given you the necessary code in the post above. If you are having difficulty integrating it into your entry condition, post the entire code, and we may be able to help.