Enter order and Stop Loss

[ThanosK]

Hello,

I developed a strategy with Ninja Script with Stop Loss. The stop loss is in percents.
My problem is that if I have a small percent for the stop loss (like 0.5%) I have in the same bar Close position, Enter Long and Stop loss order.
When I have a Stop loss Order I want to wait till the next bar to open a position (long or short)
I attached the the chart to see the problem on 07/02/2010
Any suggestion?

[NinjaTrader_AdamP]

ThanosK

I am happy to assist.

Prices can move through quite a range in a bar before it is closed. It is possible your strategy is entering orders, then the price moves and stops your order out before that bar even closes. Since you mention you experience this issue when you have small stop-losses, I suspect this is your issue.

As far as your second question, you may consider using BarsSinceExit(). It accepts entry signal name as input, not the exit signal name. If you add a barssinceexit > 0 condition, it will apply to all exits, not just stop losses. For more information on BarsSinceExit(), please see the link below.

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

Please let me know if I can assist you further.

[ThanosK]

Dear NinjaTrader_AdamP,

I tried the BarsSinceExit() and the BarsSinceEntry() function but i had the same result.
Gould you tell how can i avoid the price range in the same bar?

Thanks

[NinjaTrader_RyanM1]

Hi ThanosK,

I'm sorry but I did not follow what you are looking for. Adams suggestion involved using BarsSinceExit() so that you can avoid submitting entry orders on the same bar as an exit.

Can you please clarify what is "avoid the price range in the same bar?"

[ThanosK]

Dear Ryan,

I used the function BarsSinceExit(), but when the percent is below 1 I had entry order and Stop loss on the same bar. I don't know if i can avoid the entry order in the first place if I have stop loss in the same bar?

Thank's in advance

[NinjaTrader_RyanM1]

Please see this post for the NinjaScript techniques that are needed to submit a stop order to a smaller series, and gain intrabar granularity.

http://www.ninjatrader.com/support/forum/showpost.php?p=257678&postcount=11

[ThanosK]

Thank you for the reply.

As I read I can use the ExitLongStop for back testing environment.
What about a real time strategy?

[NinjaTrader_Brett]

Absolutly, there would be no difference in how you use it in realtime.

[ThanosK]

It is better to use the SetStopLoss function or the ExitLongStop for the real time?

[NinjaTrader_Matthew]

Hello,

This would depend on the rest of your strategy and how other orders are handling.

You should be familiar with Internal Order Handling Rules that Reduce Unwanted Positions to ensure you do not run into any issues:

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