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stop loss, trailing stop modification in NT6

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    stop loss, trailing stop modification in NT6

    At an impasse and need some questions answered.

    I need to develop a multiple (3 to 4) stop loss modification scheme and have ventured as far as tweaking a Wizard generated strategy using Josh's Sample Price Modification (thanks Josh) which gives me a hard coded breakeven and 1 variable stop loss/target. I need to have a 3 to 4 variable stop loss strategy where the stops are user defined. I would like the exit to be a stop that is hit, not necessarily a target.

    Now some questions.

    What calls are required in Variables, Initialize, OnBarUpdate and Properties methods to accomplish this if it is in fact doable?

    I get that the stop loss order handling must go from entry, to flat to new entry, and a Stop Loss and Target are submitted OCO at entry, does this mean ALL modified Stop Losses have to be accompanied with a target exit so as to cancel the other? If this is not the case, then how is the resting stop dealt with when a modified stop loss is submitted to an already open position?

    Same questions for the step modification of Trailing Stop.

    Alfie

    #2
    What I would do is look at NT 6.5 and use a combination of the new OnOrderUpdate() to submit a stop via ExitLongStop() upon receiving a fill on your entry and then use the OnBarUpdate() to make price adjustments to this order.

    Here is a reference sample. NT6.5 will be out of beta and into production next week.

    RayNinjaTrader Customer Service

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