StopLoss Query

[sburtt]

Hi Guys,

I was hoping somebody could help me understanding I am setting my stop loss properly. My objective is to set my stop loss 1 tick above the high of the period my strategy goes short, and to keep this constant during the life of the trade.

protected override void OnBarUpdate()

if(Position.MarketPosition==MarketPosition.Flat && Close[0] > Close[1])

      {
          EnterShortStop(Low[0] - TickSize);
          SetStopLoss(High[0] + TickSize);
      }

Would this be the proper code?

Thanks,

[koganam]

Hi Guys,

I was hoping somebody could help me understanding I am setting my stop loss properly. My objective is to set my stop loss 1 tick above the high of the period my strategy goes short, and to keep this constant during the life of the trade.

protected override void OnBarUpdate()
 
if(Position.MarketPosition==MarketPosition.Flat && Close[0] > Close[1])
 
      {
          EnterShortStop(Low[0] - TickSize);
          SetStopLoss(High[0] + TickSize);
      }

Would this be the proper code?

Thanks,

In a nutshell, yes.