Programming manual trailstop

[staycool3_a]

hi since we cant use setstoploss and trailstop together, i'm trying to program the logic from trailerstop

        private void ManageOrders1()
        {
            if (Position.MarketPosition == MarketPosition.Flat)
            {
                SetStopLoss(CalculationMode.Ticks, 2);
                LongStopPrice = 0; //initial long stop as small as possible.
            }
 
            // If a long position is open, allow for stop loss modification
            else if (Position.MarketPosition == MarketPosition.Long && Close[0] >= Math.Max(LongStopPrice, Position.AvgPrice + target1))
            {                                
 
                if (Close[0] >= Position.AvgPrice + target1) SetStopLoss(CalculationMode.Price, Close[0]-(Close[0] - Position.AvgPrice));
 
               LongStopPrice = Close[0]; //update the StopPrice
 
            }
        }

for some reason the stoploss does not update as price goes up. it only sets the stoploss once and then forgets about it

[NinjaTrader_ChelseaB]

Hello calhawk01,

Thanks for your note.

Before we continue, please add Print() statements one line before the SetStopLoss call.

Let me know if these print statements are printing as expected.

[staycool3_a]

i added print, and it works.

here is the code that i am working with right now, i think it's working but i dont think it's the most efficient way.

what do you think?

        private double LongStopPrice = 0;    
        private double diff = 0;    

        private void ManageOrders1()
        {
            if (Position.MarketPosition == MarketPosition.Flat)
            {
                SetStopLoss(CalculationMode.Ticks, 2);
                LongStopPrice = 0; //initial long stop as small as possible.
            }
 
            // If a long position is open, allow for stop loss modification
            else if (Position.MarketPosition == MarketPosition.Long && Close[0] >= Math.Max(LongStopPrice, Position.AvgPrice + target1))
            {                                
 
                if (Close[0] >= Position.AvgPrice + target1) SetStopLoss(CalculationMode.Price, Close[0]-((Close[0] - Position.AvgPrice)-diff));
 
               LongStopPrice = Close[0]; //update the StopPrice
               diff = Close[0]-(target1+Position.AvgPrice); //update the StopPrice
 
            }
        }

[NinjaTrader_ChelseaB]

Hi calhawk01,

Thanks for your reply.

May have the entire script (with the print statement) so that I may test this on my end?

To export your script do the following:

1. Click File -> Utilities -> Export NinjaScript
2. Enter a unique name for the file in the value for 'File name:'
3. Select the strategy from the objects list on the left -> click the right facing arrow ">" to add the strategy to the export
4. Click the 'Export' button -> click 'yes' to add any referenced indicators to the export -> click OK to clear the export location message

By default your exported file will be in the following location:

• (My) Documents/NinjaTrader 7/bin/Custom/ExportNinjaScript/<export_file_name.zip>

Below is a link to the help guide on Exporting NinjaScripts.

http://www.ninjatrader.com/support/helpGuides/nt7/export.htm

Once exported please attach the exported file to your reply. If you would like to keep the code private between us, please send the script to support[at]ninjatrader[dot]com. In the body of the email write Attn: Chelsea #880778.

I look forward to receiving the file.