How do you reset the stoploss price/offset value?

[ninjamouse]

In the help it says

"Should you call this method to dynamically change the stop loss price in the strategy OnBarUpdate() method, you should always reset the stop loss price/offset value when your strategy is flat otherwise, the last price/offset value set will be used to generate your stop loss order on your next open position"

How does one reset the value?

thanks

[NinjaTrader_AdamP]

Ninjamouse,

For example, before you open a new order you would use SetStopLoss(default).

Please let me know if I may assist further.

[ninjamouse]

Hi

Thanks for replying to me, you see I have this code:

protectedoverridevoid Initialize()
{
SetProfitTarget("", CalculationMode.Ticks, 5);
CalculateOnBarClose = true;
}
///<summary>
/// Called on each bar update event (incoming tick)
///</summary>
protectedoverridevoid OnBarUpdate()
{
if (Position.MarketPosition == MarketPosition.Flat)
{

SetStopLoss(CalculationMode.Ticks, 1);

if (Open[3] == High[3] && enterShort == false)
{
SetStopLoss(CalculationMode.Ticks, High[0]);
EnterShortLimit(DefaultQuantity, Open[0], "");
enterShort = true;
enterLong = false;
}
if (Close[3] == High[3] && enterLong == false)
{
SetStopLoss(CalculationMode.Ticks, Low[0]);
EnterLongLimit(DefaultQuantity, Open[0], "");
enterShort = false;
enterLong = true;
}
}

my stoploss never gets hit instead I get a HUGE stop loss. Would you know whats wrong?

thanks

[NinjaTrader_AdamP]

Ninjamouse,

I see nothing wrong immediately with this. What sort of large stop loss are you getting?

[koganam]

Hi

Thanks for replying to me, you see I have this code:

protectedoverridevoid Initialize()
{
SetProfitTarget("", CalculationMode.Ticks, 5);
CalculateOnBarClose = true;
}
///<summary>
/// Called on each bar update event (incoming tick)
///</summary>
protectedoverridevoid OnBarUpdate()
{
if (Position.MarketPosition == MarketPosition.Flat)
{

SetStopLoss(CalculationMode.Ticks, 1);

if (Open[3] == High[3] && enterShort == false)
{
SetStopLoss(CalculationMode.Ticks, High[0]);
EnterShortLimit(DefaultQuantity, Open[0], "");
enterShort = true;
enterLong = false;
}
...
}

my stoploss never gets hit instead I get a HUGE stop loss. Would you know whats wrong?

thanks

Emphasis mine. Let us assume that you are using /ES and the price High[0] is 1257. Your coding is asking for a StopLoss of 1257 ticks! Whew! If you want to use a price as a StopLoss, then you should code using the CalculateMode.Price syntax. A price is a price; a tick is a tick,