Trailing Stop not working via Strategy Wizard

[Tarry]

If my understand is correct, what you mean is we can't set a universal trailing stop % for all entries, but will have to tag it to each label? If that is the case, I will try it again. Thanks for your tips.

[NinjaTrader_Matthew]

Yes, each portion of your position would need a unique signal name. Please see our Reference Sample on Scaling out of a Position:

http://www.ninjatrader.com/support/forum/showthread.php?t=3751

[koganam]

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?

How do you mean: "it is apparently not functioning"? Is there an error message in your log?

[Tarry]

Dear Koganam, the trailing stop just simply not executed. As Bertrand & Matthew pointed out that Ninjascript need unique label/tag for any entry, I guess this could be the problem. I am going to try out again tonight, and hope it solve the problem. Thanks again, all of you, and have a good day!

I have tried to tag the trail stop, and it work! Thanks.

[nanook77]

Trailing Stop Issues

As you can see below - have commented out my SetStopLoss for target2. However, when i uncomment the SetTrailStop "target2" and compile and reload the ninja script on my chart, nothing changes. Entering long position with a target2 name. And have a SetProfitTarget for target 2. Does anything just out that is just too obvious for a non-programmer to see. FWIW have tried the SetTrailStop in the 'on initalize' and 'onbarupdate' section with same results.

thanks in advance



private void GoLong()
{
SetStopLoss("target1", CalculationMode.Price, Close[0] - (Stop * TickSize), false);
// SetStopLoss("target2", CalculationMode.Price, Close[0] - (Stop * TickSize), false);
SetStopLoss("target3", CalculationMode.Price, Close[0] - (Stop * TickSize), false);
// SetTrailStop("target2", CalculationMode.Ticks, Close[0] - (16 * TickSize), false);

SetProfitTarget("target1", CalculationMode.Price, Close[0] + (Target1*TickSize));
SetProfitTarget("target2", CalculationMode.Price, Close[0] + ((Target1 + Target2)*TickSize));
SetProfitTarget("target3", CalculationMode.Price, Close[0] + ((Target1 + Target2 + Target3)*TickSize));


EnterLongLimit(0,true,1,Close[0] + (1 * TickSize), "target1");
EnterLongLimit(0,true,1,Close[0] + 1 * TickSize, "target2");
if(atarget3on)EnterLongLimit(0,true,1,Close[0] + 1 * TickSize,"target3");

}

[koganam]

As you can see below - have commented out my SetStopLoss for target2. However, when i uncomment the SetTrailStop "target2" and compile and reload the ninja script on my chart, nothing changes. Entering long position with a target2 name. And have a SetProfitTarget for target 2. Does anything just out that is just too obvious for a non-programmer to see. FWIW have tried the SetTrailStop in the 'on initalize' and 'onbarupdate' section with same results.

thanks in advance



private void GoLong()
{
SetStopLoss("target1", CalculationMode.Price, Close[0] - (Stop * TickSize), false);
// SetStopLoss("target2", CalculationMode.Price, Close[0] - (Stop * TickSize), false);
SetStopLoss("target3", CalculationMode.Price, Close[0] - (Stop * TickSize), false);
// SetTrailStop("target2", CalculationMode.Ticks, Close[0] - (16 * TickSize), false);

SetProfitTarget("target1", CalculationMode.Price, Close[0] + (Target1*TickSize));
SetProfitTarget("target2", CalculationMode.Price, Close[0] + ((Target1 + Target2)*TickSize));
SetProfitTarget("target3", CalculationMode.Price, Close[0] + ((Target1 + Target2 + Target3)*TickSize));


EnterLongLimit(0,true,1,Close[0] + (1 * TickSize), "target1");
EnterLongLimit(0,true,1,Close[0] + 1 * TickSize, "target2");
if(atarget3on)EnterLongLimit(0,true,1,Close[0] + 1 * TickSize,"target3");

}

I expect that the TrailStop is being set, but it is so far away that it does not show up on the chart. Have you checked the log?

You are setting a TrailStop at Close[0] - (16 * TickSize) ticks. Hm. Let's see. For a $20.00 stock, that is (2000 - 0.16) ticks! I shudder to think how many ticks that statement represents on the /ES or /TF today.

[nanook77]

I expect that the TrailStop is being set, but it is so far away that it does not show up on the chart. Have you checked the log?

You are setting a TrailStop at Close[0] - (16 * TickSize) ticks. Hm. Let's see. For a $20.00 stock, that is (2000 - 0.16) ticks! I shudder to think how many ticks that statement represents on the /ES or /TF today.

Thx - and must not be clearly understanding your message. The instrument if CL (oil) which of course trades in USD $0.01 increments. If i understand you correctly i would set the trailstop to 10 and not to (10 * TickSize) . At a $100.00 price, that would seem to mean that my trail stop is at $90.00 when in fact what i want it to be in 99.90.

Can you please eloborate further on this as my understanding seems to be far afield. Thanks in advance.
'nanook77

[koganam]

Thx - and must not be clearly understanding your message. The instrument if CL (oil) which of course trades in USD $0.01 increments. If i understand you correctly i would set the trailstop to 10 and not to (10 * TickSize) . At a $100.00 price, that would seem to mean that my trail stop is at $90.00 when in fact what i want it to be in 99.90.

Can you please eloborate further on this as my understanding seems to be far afield. Thanks in advance.
'nanook77

I do not know what to say other than "ticks" are "ticks". If you want your TrailStop to be 10 ticks away, then specify 10 ticks, not a price. You did say CalculationMode.Ticks. That requires you to specify the number of ticks: no need for fancy arithmetic unless the result of said arithmetic is specified as a tick value. If you specify the Close[0] as the number of ticks, then your TrailStop is Close[0] ticks away. i.e., in your particular case, if the Close[0] is $100.00, then your TrailStop is 100 ticks away, which is, yes, $90.00.