trailstop after a certain threshold

[staycool3_a]

            if (Close[0] >= Position.AvgPrice + trail) 
            {
                  SetTrailStop("", CalculationMode.Ticks, trail/.25, false);
            }

hi how come the above is not working as scripted. i want to set a trailstop when price goes above a certain threshold. but what it's doing is setting a trailstop as soon as i enter a position.

[NinjaTrader_PatrickH]

Hello calhawk01,

Thank you for your post.

Is the SetTrailStop() set in the Initialize() method? What determines the "trail" value?

I look forward to your response.

[staycool3_a]

Hello calhawk01,

Thank you for your post.

Is the SetTrailStop() set in the Initialize() method? What determines the "trail" value?

I look forward to your response.

It's set in OBC

User sets the value for trail... For example "4"

If close > Avgprice+4.... Start the trailstop

[NinjaTrader_PatrickH]

Hello calhawk01,

Thank you for your response.

Are there any Set() methods in the Initalize() method?

[staycool3_a]

Hello calhawk01,

Thank you for your response.

Are there any Set() methods in the Initalize() method?

nO

        protected override void Initialize()
        {

            CalculateOnBarClose = true;
            TraceOrders = true;
        }

        protected override void OnBarUpdate()
        {
            double total = profit+trigger;
            
            if ((Position.MarketPosition == MarketPosition.Flat)
                &&.....................................)
            {
                EnterLongLimit(..................);
                  SetProfitTarget("", CalculationMode.Ticks, total/.25);
            }

            if (Close[0] >= Position.AvgPrice + trail)              {                   SetTrailStop("", CalculationMode.Ticks, trail/.25, false);             }

            if (ToTime(Time[0]) == ToTime(15, 57, 0))
            {
                ExitLong("", "");
            }
        
        }

[koganam]

nO

        protected override void Initialize()
        {

            CalculateOnBarClose = true;
            TraceOrders = true;
        }

        protected override void OnBarUpdate()
        {
            double total = profit+trigger;
            
            if ((Position.MarketPosition == MarketPosition.Flat)
                &&.....................................)
            {
                EnterLongLimit(..................);
                  SetProfitTarget("", CalculationMode.Ticks, total/.25);
            }

            if (Close[0] >= Position.AvgPrice + trail)              {                   SetTrailStop("", CalculationMode.Ticks, trail/.25, false);             }

            if (ToTime(Time[0]) == ToTime(15, 57, 0))
            {
                ExitLong("", "");
            }
        
        }

That is the issue with the Set() methods. Once used, they exist for all time. That is why they need to be reset when you go flat.

[staycool3_a]

how do i reset?

[NinjaTrader_PatrickH]

Hello calhawk01,

Thank you for your response.

An example of this is the following:

// Resets the stop loss to the original value when all positions are closed
			if (Position.MarketPosition == MarketPosition.Flat)
			{
				SetStopLoss(CalculationMode.Ticks, stoplossticks);
			}

The above code was taken form the following reference sample: http://www.ninjatrader.com/support/f...ead.php?t=3222

Please let me know if I may be of further assistance.