Swing High Stop Loss?

[msc400]

Hello,

I am working on a strategy within condition builder that goes short after a specific swing high and now I am trying to figure out how to set a stop a loss at the very swing high the strategy just identified? Can this be done within condition builder?

Any help would be appreciated.

Thanks

[NinjaTrader_Austin]

msc400, the Swing indicator repaints its past highs and lows, and as such, it can be a very tricky indicator to work with in relation to using it in a strategy. I do not believe you can use it with the Strategy Wizard in an easy or efficient manner.

[msc400]

Thanks for your response and I understand what you are saying. Now if that's the case, is there anyway for me to do the following within condition builder:

To set my stop loss at the high one bar before my entry day? So that if I entered short today, my stop loss would be the high one bar prior to my trade bar.

Thanks

[NinjaTrader_Austin]

msc, yes this is possible. When you set the stop, you can use High[1] to get yesterday's close price (assuming you're using daily bars).

[simnonsmj]

I am trying to create a breakout system where once the Double Stochastic crosses the 20 line I take the next swing high (using the swing indicator). Do you know how to do this? If not how do I post a thread with this question. Thanks. I am new to the forum

Marc

[NinjaTrader_RyanM1]

Hi Marc,

Thanks for the post and welcome to the NinjaTrader forums. As mentioned in this thread, swing recalculates its values as new bars come in, meaning its real time values cannot effectively be used for real time trading conditions. It's generally used as a visual to show market structure.