StopLoss error

[kaywai]

Hi,

I got the following error in my strategy:-

**NT** Stop/target handling for strategy 'MyCustomFXStrategy2v7alt' set to 'ByStrategyPosition' since currency based stop order was placed.

After this message showed up in the log and output, my strategy just entered and exitted the trade at the same time and price.

What went wrong?

Regards

Kay Wai

[NinjaTrader_Bertrand]

Kay, those are likely unrelated, for a currency based order ByStrategyPosition would simply be used, since it applies to the complete position.

It looks like the entry / exit issue is related to your other posts - is the stop loss value as you would expect from the TraceOrders / debug output?

[kaywai]

Hi Bertrand,

This is one I wanted to do:-

[FONT=Courier New][SIZE=2][COLOR=#0000ff][FONT=Courier New][SIZE=2][COLOR=#0000ff][FONT=Courier New][SIZE=2][COLOR=#0000ff]
if[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Courier New][SIZE=2][FONT=Courier New][SIZE=2][COLOR=#000000] (((Position.AvgPrice-LongStopLoss)*[/COLOR][/SIZE][/FONT][/SIZE][/FONT][FONT=Courier New][SIZE=2][COLOR=#800080][FONT=Courier New][SIZE=2][COLOR=#800080][FONT=Courier New][SIZE=2][COLOR=#800080]100000[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Courier New][SIZE=2][FONT=Courier New][SIZE=2][COLOR=#000000]) < LongStopLossAlt)[/COLOR]
{
SetStopLoss(CalculationMode.Price, LongStopLoss);
}
[/SIZE][/FONT][/SIZE][/FONT][FONT=Courier New][SIZE=2][COLOR=#0000ff][FONT=Courier New][SIZE=2][COLOR=#0000ff][FONT=Courier New][SIZE=2][COLOR=#0000ff]else
[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Courier New][SIZE=2][FONT=Courier New][SIZE=2]{
SetStopLoss(CalculationMode.Ticks, [/SIZE][/FONT][/SIZE][/FONT][FONT=Courier New][SIZE=2][COLOR=#800080][FONT=Courier New][SIZE=2][COLOR=#800080][FONT=Courier New][SIZE=2][COLOR=#800080]12[/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][/COLOR][/SIZE][/FONT][FONT=Courier New][SIZE=2][FONT=Courier New][SIZE=2]);
}
[/SIZE][/FONT][/SIZE][/FONT]

In the latter SetStopLoss, I had placed a value of $120 and that is when the "error" showed up in the log. So I changed it to "ticks" instead but it isn't what I really want.

Regards

Kay Wai

[NinjaTrader_Bertrand]

If you set it to the currency value and then run the strategy 'ByStrategyPosition' that should work without giving you a log error.

[kaywai]

Hi Bertrand,

That was the line that showed up in the log window. It was an orange colored line. Error or no error, there was a message. So, I used "ticks" instead which is not really what I wanted to so.

Regards

Kay Wai

[NinjaTrader_Bertrand]

Kay, so it's working like you would expect if you use 'ByStrategyPosition'?

[kaywai]

Well I didn't like the orange message in my log, so I recoded it. Now, I don't get the orange message.

Didn't affect the remainder of my code. Some of my positions are still entered and exited at the same price.

[NinjaTrader_Bertrand]

Correct, the error is likely not related to your stop loss issues seen.