SetStopLoss Failure

[phadreus]

Hallo, I would like to use the SetStopLoss function and implemented it with a signal name as follows:

---
private string longEnter;
----
EnterLong("longEnter");

SetStopLoss(longEnter,CalculationMode.Percent, 1, false);

Now I get an error, if I apply this strategy in a backtest. The message says "Object reference not set to an instance of an object".

I do not understand why I need an instanz. Does anyone can give me a hint.

Thanks

[NinjaTrader_Jesse]

Hello,

Thank you for the question.

It looks like you have not assigned the string a value.

private string longEnter

this would need to instead be

private string longEnter = "EnterLong";

Or better yet you do not need this variable at all as you could use:

EnterLong("SignalNameCanBeAnything");

a string is defined simply by being inside " "

any method that asks for a string you would just need "text inside quotes"


Please try this and let me know if you are still getting errors.

I look forward to being of further assistance.

[phadreus]

Thanks Jesse, that solved my backtesting failurem but the SetStopLoss still does not work. I integrated the SetStopLoss as follows:

protected override void Initialize()
{
SetStopLoss(CalculationMode.Ticks, 20);
CalculateOnBarClose = true;
}
But the strategy stops a trade at the moment I enter the trade, no matter hwy ticks I enter. Where is my mistake?

Thanks

[NinjaTrader_Jesse]

Hello,

Thank you for the question,

I would like to ask is this happening in the back test or on a chart?

Also have you tried this with live data or in the simulation or market replay connections ?

It may be helpful to see a screenshot as well to see where this is happening in your NinjaTrader.

I look forward to being of further assistance.

[phadreus]

Jesse, I just wrote a simple strategy that I use for some backtesting. Please see the enclosed screenshot. Thanks

[koganam]

Jesse, I just wrote a simple strategy that I use for some backtesting. Please see the enclosed screenshot. Thanks

Entry: 9536,38
StopExit: 9534,38

Difference: 2,00

Is that not 20 ticks for the instrument that you have on the chart?

[NinjaTrader_Bertrand]

phadreus, I think koganam is right here, the Dax index chart used has a ticksize of 0.01 so 20 ticks is 2 pts which your backtest correctly shows. This is not the FDAX here, where 20 ticks would be 10 pts.