Stop losses on Positions from limit orders

[BenHeaton]

Hi there

I have a strategy which enters positions using the EnterLongLimit & EnterShortLimit methods.

My strategy with stop losses is to only add a stoploss if the position has moved into a profit on the previous bar. I then set the profit to be the avg entry price.

However, i keep on having the stoploss triggerred inside the same 1 minute bar as the position was enterred, even when I add some code trying to prevent this (stipulating only SetStopLoss() when BarsSinceEntry() is greater than 0).

The code is here:

// Introduce stoploss on pos if sitting on profit
if (Position.MarketPosition == MarketPosition.Short && Position.GetProfitLoss(Close[1], PerformanceUnit.Points)>=0)
{SetStopLoss(short_position_name,CalculationMode.P rice, Position.AvgPrice,true);}

if (Position.MarketPosition == MarketPosition.Long && BarsSinceEntry(long_position_name)>1 && Position.GetProfitLoss(Low[0], PerformanceUnit.Points )>=0)
{SetStopLoss(long_position_name,CalculationMode.Pr ice, Position.AvgPrice,true);}


Any advice much appreciated as usual!! :-)

Ben

I have tried to exclude the stoploss from doing this

[Pete S]

The current price and average position price will be very close together, no? Are you sure it's not just triggering like it's supposed to?

[BenHeaton]

Hi Peter

Hmm. Pretty sure that's not the case. Iin historical data there is no way o knowing what came first within the same bar of data (the trade ebtry or the stop loss). To avoid this problem I'd be happy to just prevent the stop loss being set in the same bar of data as the opening of the trade, but not sure how to achieve that.

BH

[NinjaTrader_Ray]

If you do not want the stop loss to be submitted on the same bar as entry then do not use the SetStopLoss() method but instead call the ExitLongStop() or ExitShortStop() methods.

[BenHeaton]

Tks Ray - i'll do that - BH

[BenHeaton]

Its working! Tks Ray, pls ignore below..

BH

Hi Ray

I tried as you suggested, but am struggling to get the stops to activate at all now... I tried the following:

// Introduce stoploss
if (Position.MarketPosition != MarketPosition.Flat)
{ExitShortStop(Position.AvgPrice);
ExitLongStop(Position.AvgPrice);
}

The stops are never activated, even on loss making trades. Just to recap, all the opening trades are enterred into using EnterLongLimit() and EnterShortLimit() statements.

Tks for your help on this!

Ben Heaton