Draw Trailing Stops

[phadreus]

Hello, I would like to plot a a line on my strategy chart that shows the movement of the trailing stop. According the NT documentation it seem not possible to use the Add CustomStrategy function if I backtest my strategy. Therefore I used DrawDot with the expectation that it draws a dot for each trailing stop value. My code looks as follows:

DrawDot(CurrentBar.ToString("0.00") + "Trail",true, 0,trailStopPrice,Color.Red);

"trailStopPrice" is my variable that I define via SetStopLoss based on an ATR based trailing stop calculation.

Unfortunately I get just a straight line per trade (see enclosed sample). Could anyone me a hint please.

Thanks

[NinjaTrader_PatrickH]

Hello phadreus,

Thank you for your post.

Do you wish to only draw a line for each instance of the Stop Loss? Where is the DrawDot() located in your code (i.e. what condition triggers it's drawing)?

[phadreus]

Thanks Patrick, indeed there was a mistake in my code. Nevertheless another question: I used the DrawDot method an get (which wonder) dots as a result (see enclosed image). Is there a method I can use to draw my trailing stop as a line? The DrawLine method does not work if I understand it right.

Here is my code:

if (Position.MarketPosition == MarketPosition.Flat)
{
SetStopLoss(CalculationMode.Percent, trailStopPercent);
}

else if (Position.MarketPosition == MarketPosition.Long)
{
if (Close[0] > Position.AvgPrice)
{

trailStopPrice = Close [0] - ATR(volatiliyPeriod)[0] * volatilityMultiplier;

SetStopLoss(CalculationMode.Price,trailStopPrice);

DrawDot(CurrentBar.ToString("0.00") + "Trail",true, 0,trailStopPrice,Color.Red);

PrintWithTimeStamp ("ATR " + ATR(21)[0].ToString("0.00") + ", " + "Close " +
Close[0].ToString("0.00") + ", " + "Trailstop "+ trailStopPrice.ToString("0.00"));
}

Thanks for your help

[NinjaTrader_PatrickH]

Hello phadreus,

Thank you for your response.

Below is an example of tracking the trailing stop with a line:

        #region Variables
		private int barAtEnt = 0;
        #endregion

        /// <summary>
        /// This method is used to configure the strategy and is called once before any strategy method is called.
        /// </summary>
        protected override void Initialize()
        {
			SetTrailStop(CalculationMode.Ticks, 20);
        }

        /// <summary>
        /// Called on each bar update event (incoming tick)
        /// </summary>
        protected override void OnBarUpdate()
        {
			if(Historical)
				return;
			
			if(Close[0] > Open[0])
			{
				EnterLong("enter");
			}
			if(Position.MarketPosition != MarketPosition.Flat)
			{
				DrawLine("stop", CurrentBar+1 - barAtEnt, Position.AvgPrice - (20 *TickSize), -1, Position.AvgPrice - (20 *TickSize), Color.Red);
			}
		}
		
		protected override void OnExecution(IExecution execution)
		{
			if(execution.Order != null && execution.Order.Name == "enter" && execution.Order.OrderState == OrderState.Filled)
			{
				barAtEnt = CurrentBar;
			}
		}

[phadreus]

Thanks Patrick,

the DrawLine method works but it still provides a separate dash for each new trailing stop per bar. If the trailing stop is not changed no dash is drawn. What I am looking for is a possibility to plot the trailing stop as a curve. Is there a mistake in my coding or is there another method I can use?

Thanks

Here my current coding:

else if (Position.MarketPosition == MarketPosition.Long)
{
if (Close[0] >= lastHigh)
{

lastHigh = Close[0];

trailStopPrice = Close [0] - ATR(volatiliyPeriod)[0] * volatilityMultiplier;

SetStopLoss(CalculationMode.Price,trailStopPrice);

DrawLine(CurrentBar.ToString("0.00") + "Trail", true, 0, trailStopPrice, -1,
trailStopPrice, Color.Red, DashStyle.Dot, 2);

}
}

[NinjaTrader_PatrickH]

Hello phadreus,

Thank you for your response.

You will want to incorporate your code into the code I provided: http://www.ninjatrader.com/support/f...13&postcount=4

[phadreus]

Patrick, many thanks. Your code works but I still get a kind of dotted line (actually a dash per bar). I suppose that´s what the DrawLine method should provide. But what I´am looking for is trailing stop line as shown in the enclosed image. Could you pleas give me another hint. Thanks

[NinjaTrader_PatrickH]

Hello phadreus,

Thank you for your response.

Then you would want to set this as a plot. Please take a look at the following link for a reference sample on using plots within a strategy: http://www.ninjatrader.com/support/f...ead.php?t=6651