SetStoploss

[gg80108]

I trying to have a breakeven stoploss when my open equity on the trade hits $200. Seems to be at least hitting the code with the indication I draw on the screen, but thestoploss order does not fire at the breakeven point, but waits till another exit in my code later on.. Enclosed is a portion of the trace and a chart with a crude circle where the stopout should of occured.

if (Position.GetProfitLoss(Close[0], PerformanceUnit.Currency)>= 200 && Position.MarketPosition != MarketPosition.Flat)
{
SetStopLoss(entryprice);
DrawText("BEt"+ CurrentBar,"-s-s",0,entryprice,Color.Red);
}

[NinjaTrader_Matthew]

Hello,

It looks like the Stop was placed at the time expected:

12/10/2012 4:00:00 AM Entered internal SetStopTarget() method: Type=Stop FromEntrySignal='' Mode=Ticks Value=0 Currency=1412.75 Simulated=False



12/10/2012 4:48:00 AM Entered internal SetStopTarget() method: Type=Stop FromEntrySignal='' Mode=Ticks Value=0 Currency=1412.75 Simulated=False

From your logs, was there any information truncated? Do you cancel these stops for any reason else where in the code/

[koganam]

I trying to have a breakeven stoploss when my open equity on the trade hits $200. Seems to be at least hitting the code with the indication I draw on the screen, but thestoploss order does not fire at the breakeven point, but waits till another exit in my code later on.. Enclosed is a portion of the trace and a chart with a crude circle where the stopout should of occured.

if (Position.GetProfitLoss(Close[0], PerformanceUnit.Currency)>= 200 && Position.MarketPosition != MarketPosition.Flat)
{
SetStopLoss(entryprice);
DrawText("BEt"+ CurrentBar,"-s-s",0,entryprice,Color.Red);
}

Looks like you have an explicitly coded exit order somewhere?

[gg80108]

Is this the StopLoss being canceled in the trace?: at 12/10/2012 7:42:00 AM Cancelled pending exit order, since associated position is closed: Order='NT-00339/Sim101' Name='Stop loss' State=Working Instrument='ES 12-12' Action=BuyToCover Limit price=0 Stop price=1422.25 Quantity=3 Strategy='ESanaTL' Type=Stop Tif=Gtc Oco='NT-00228-308' Filled=0 Fill price=0 Token='6a82db0bdab34d4f89ae52284b314300' Gtd='12/1/2099 12:00:00 AM'

I don't cancel anything but just reverse the position with a EnterShort(Qty,"short"),EnterLong(Qty,"long")
I dont have any Name='Stop loss' in any of my orders.

[gg80108]

the code just is a reversal strategy.. and everything was working as designed, I was just adding a BE stoploss to try and limit loses after some profit. So only the code SetStopLoss was added in an attempt to do this. Whats curious is that u can see on the screen print the -s-s when the SetStopLoss get placed and one would think that a few bars later when the price retraces to breakeven price should have fired an order to go flat, but seems to just doesn't care...

[NinjaTrader_Joydeep]

Hello gg80108,
Looks like you have coded stop with the the absolute stop value overload.

[COLOR="Red"]SetStopLoss(entryprice);[/COLOR]

If you try changing the stop order code as below then are you able to make it work.

SetStopLoss(CalculationMode.Price, entryprice);

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

[gg80108]

txs works now....