Stop Loss Issue

[Manuel17]

Hello,

I have a problem with my stop loss: it gets triggered on the same bar as the entry. I set my stoploss at 2ATR below the price but I can't figure what the matter. Do you have an idea where does the problem come from?

Here is the piece of code that causes me this issue:

if (Close[0] > MAX(High,20)[1])
{
EnterLong(DefaultQuantity, "Positive Breakout");
Variable0 = ATR(20)[0];
Variable1=Position.AvgPrice-5*Variable0;
Print("Variables for Long Position");
Print(Variable0);
Print(Position.AvgPrice);
Print(Variable1);
SetStopLoss("Positive Breakout", CalculationMode.Price, Variable1, false);

Thank you

Manuel

[koganam]

Hello,

I have a problem with my stop loss: it gets triggered on the same bar as the entry. I set my stoploss at 2ATR below the price but I can't figure what the matter. Do you have an idea where does the problem come from?

Here is the piece of code that causes me this issue:

if (Close[0] > MAX(High,20)[1])
{
EnterLong(DefaultQuantity, "Positive Breakout");
Variable0 = ATR(20)[0];
Variable1=Position.AvgPrice-5*Variable0;
Print("Variables for Long Position");
Print(Variable0);
Print(Position.AvgPrice);
Print(Variable1);
SetStopLoss("Positive Breakout", CalculationMode.Price, Variable1, false);

Thank you

Manuel

Until your order is filled, Position.AvgPrice is zero, so your SetStopLoss() statement is trying to set the StopLoss to a negative value. Correct your logic to set, or reset your StopLoss after the order is filled. Try using OnExecution().

[Manuel17]

Hello Koganam,

Thank you for your reply. I have tried with OnExecution but it did not work. So instead of using Position.AvgPrice I decided to use the close price and it works. I think that it respects the philosophy of the strategy. Thank you for your help!

Manuel