Stop loss below entry bar

[benww604]

Hi need a little help on the coding. Wantstop loss to be 2 ticks below Low[0]

So far I have:
protected override void Initialize()
{
SetProfitTarget("", CalculationMode.Ticks, 20);
SetStopLoss("", CalculationMode.Ticks, 10, false);

CalculateOnBarClose = true;
}

/// <summary>
/// Called on each bar update event (incoming tick)
/// </summary>
protected override void OnBarUpdate()
{
if (Position.MarketPosition == MarketPosition.Flat)
{
SetStopLoss("",CalculationMode.Ticks, 10, false);
}
// Condition set 1
if (Open[2] > Close[2]
&& Open[1] > Close[1]
&& Close[0] + 4 * TickSize > Open[2])
{
SetStopLoss(CalculationMode.Ticks, Low[0] - 2);
EnterLong(DefaultQuantity, "");
}
}

Thanks in advance

[NinjaTrader_CalH]

Hello Benww604,

Thank you for your post.

You would want to use 2 * TickSize to get the instruments ticksize and multiply it by the number of ticks you wish to set it to.

SetStopLoss(CalculationMode.Ticks, Low[0] - 2 * TickSize);

[koganam]

Hi need a little help on the coding. Wantstop loss to be 2 ticks below Low[0]

So far I have:
protected override void Initialize()
{
SetProfitTarget("", CalculationMode.Ticks, 20);
SetStopLoss("", CalculationMode.Ticks, 10, false);

CalculateOnBarClose = true;
}

/// <summary>
/// Called on each bar update event (incoming tick)
/// </summary>
protected override void OnBarUpdate()
{
if (Position.MarketPosition == MarketPosition.Flat)
{
SetStopLoss("",CalculationMode.Ticks, 10, false);
}
// Condition set 1
if (Open[2] > Close[2]
&& Open[1] > Close[1]
&& Close[0] + 4 * TickSize > Open[2])
{
SetStopLoss(CalculationMode.Ticks, Low[0] - 2);
EnterLong(DefaultQuantity, "");
}
}

Thanks in advance

You are trying to set your stop loss to a price. Use CalculationMode.Price then.