Stop loss order placements?

[stevie]

Hello world!!

I'm a NT7 new user and developing a new strategy. Now, I'm facing a problem with stop loss order placements when I enter a position.
For example, in a long position, I want to set a stop loss order 2 ticks below the lowest low of last 3 bars [since today].

Here is a part of my script :

#region Variables
// User defined variables (add any user defined variables below)
private int stochaMin = 20; // Default setting for StochaMin
private int quantity = 1; // Valeur par Default setting for Quantity
#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()
{
CalculateOnBarClose = true;
}

/// <summary>
/// Called on each bar update event (incoming tick)
/// </summary>
protected override void OnBarUpdate()
{


protected override void Initialize()
{
CalculateOnBarClose = true;
}

/// <summary>
/// Called on each bar update event (incoming tick)
/// </summary>
protected override void OnBarUpdate()
{
// Resets the stop loss to the original value when all positions are closed
if (Position.MarketPosition == MarketPosition.Flat)
{
SetStopLoss(CalculationMode.Ticks, 2);
}

else if(Position.MarketPosition == MarketPosition.Long)
{
if (Close[0]!=Low[0])
SetStopLoss("Long", CalculationMode.Ticks, MIN(Low,3)[0] - 1*TickSize,true);



//Buying condition
if (Close[0] < Bollinger(2, 14).Lower[0] && Stochastics(5, 14, 3).K[0] < stochaMin)
{
EnterLong(quantity, "Long");
}
...

I was told that I was wrong if I wrote that script. In your opinion, does that code work? Please, can anyone help me?

Thank you in advance!

[NinjaTrader_BobbyY]

stevie,

Welcome to the NinjaTrader forum! For future references, please avoid duplicate posts as we can better assist them in one thread alone for each item. As for your NinjaScript question, I've attached a sample script that should help you out. I've commented on the code in order for clarification.