Shifting Trailing Stop Only On Bar Roll Over

[molecool]

I have a strategy that takes entries during the bar's period - hence calculate on bar close must be set to false. However I need to tell my trailing stop to only advance after a candle has closed (i.e. at the very beginning of the next candle) - or at bar roll-over if you will. It may be worthwhile mentioning that I am doing the trailing stop logic manually so I have much control - not using the SetTrailStop() call to set it. Instead I'm using ExitLongStop() and ExitShortStop() which I am nursing manually in onBarUpdate().

So I imagine I just need to know when the onBarUpdate() method gets called for a particular candle for the very first time. Yes, I could use Time[0] and use some type of reset mechanism when I see the minute interval change (I'm using minute charts with this) but there must be a more elegant way

Thanks,

Molecool

[NinjaTrader_Matthew]

You can use FirstTickOfBar to reset your ExitLong/ShortStop() which would move the stop only when a new bar opens.

We have a reference sample to demonstrate these concepts:

http://www.ninjatrader.com/support/forum/showthread.php?t=19387

Please let me know if you have any questions.

[molecool]

You can use FirstTickOfBar to reset your ExitLong/ShortStop() which would move the stop only when a new bar opens.

We have a reference sample to demonstrate these concepts:

http://www.ninjatrader.com/support/forum/showthread.php?t=19387

Please let me know if you have any questions.

Awesome - that'll work just fine. Many thanks!