Trailing Stop not working via Strategy Wizard

[Sorap]

Hi, hope this is in the correct place. I am trying to get a trailing stop working via the strategy wizard but it will not work. Any ideas or tips

[NinjaTrader_Bertrand]

Welcome to our forums Sorap - can you please share us with which exact settings you have it setup? If you wanted to trail by percent, please keep in mind 0.01 would mean 1 percent.

[Sorap]

Thanks for reply,

I'm trying to do a simple tick offset from the current price.

[NinjaTrader_Bertrand]

So you run this with CalculationMode.Ticks and your offset entered as tick value?

[Sorap]

So I would like to have the stop follow the price up for instance so I have set Mode to Price and entering a tick value that I'd expect it to be offset by.

[NinjaTrader_Bertrand]

Price mode would not be useful for a trailing stop, as it's need to have a relative basis and not an absolute one to trail - best is then using the tick mode with the offset entered. It would act like a static stop until triggered by price action to trail.

[Sorap]

I am completely confused. How do I achieve this: If I enter a buy trade at $1 with a stop at 80 cents when the price goes to $1.30 I would like the stop to now be at $1.10.

[NinjaTrader_Bertrand]

You would need to set this up with the trail stop tick amount of 20 ticks then, which is then always behind your highest point in profit in the trade.

[Sorap]

Ok, cool, that makes sense, thanks a lot for the super prompt help, much appreciated.

Regards

[ClimberMel]

CalculationMode.Percent not working

I can get the TS to work with a mode of Ticks and an amount, but I can't get it to work with Percent...
For example:
SetTrailStop("", CalculationMode.Percent, 4, false);

With that I get the following error in the log:
Calculated trail stop price for strategy 'crossTS2/...581' was smaller/equal 0. No trail stop order placed.

[NinjaTrader_Bertrand]

For a trail stop of 4 percent, please try using 0.04 as value input (and not 4).

[Tarry]

Setting for trailing stop

I have just started trying out writing some strategy, and is running into some trouble with trailing stop. I have tried both tick & percent, and tried both True & false, but it is apparently not functioning. I use some very obvious setting, like 5 ticks, 1% (0.01) for percent. Any idea where it could have been wrong?

[NinjaTrader_Bertrand]

Tarry, welcome to our forums - which entry signal name have you tied the stop to? Could there be a type that would lead to getting this stop just ignored? Do you see the same behavior if you implement a regular stop loss with your logic?

[Tarry]

Thanks for your prompt reply.
Let me try to elaborate what I wanted to achieve. Say after I enter a long position, the price rise. I want to let my position to grow as price continue its rise; and if the price stop rising, and reverse by a fixed %, I would like to stop out. In the strategy analyser, I have tried use some value (like 1%, 5 ticks) that should sure trigger the stop for my initial trial, but it didn't trigger at all, which is very puzzling. I have been doing this while I trade stocks, so I feel it is logical. Hope to get some insight from you.

[NinjaTrader_Bertrand]

It is for sure logical Tarry, my remark was more technical, as a stop could be ignored in NT's managed approach as well. How did you name your entry signal and to which entry signal name (FromEntrySignal) would your trailing stop 'listen' then?