Stop loss at wrong location

[brucelevy]

I am using a swing stop code below, in backtesting it seems to work fine but half the time it exits trades at the same price as they were entered (see screenshot link)

if(Position.MarketPosition == MarketPosition.Long
&& GetCurrentBid() > Swing(5).SwingLow[1]);

{
SetStopLoss(CalculationMode.Price, Swing(5).SwingLow[1] - 5 * TickSize);
}

if(Position.MarketPosition == MarketPosition.Short
&& GetCurrentAsk() < Swing(5).SwingHigh[1]);
{
SetStopLoss(CalculationMode.Price, Swing(5).SwingHigh[1] + 5 * TickSize);
}

https://gyazo.com/aed62db9e249a1355cf6eb1d86c44762

[brucelevy]

Ok so it looks like I was able to fix it, but how would I go about changing the swing stop loss location to breakeven once it reaches x ticks?
IE change swing stops to breakeven + 5 ticks after reaching 10 ticks

[NinjaTrader_PaulH]

Hello brucelevy,

Thanks for your posts.

This is where you would access and use the entry price. The entry price can be found with Position.AvgPrice. http://ninjatrader.com/support/helpG.../?avgprice.htm

For example (going long here),

if (Close[0] >= Position.AvgPrice + 10 * TickSize)
{
SetStopLoss(CalculationMode.Price, Position.AvgPrice); // breakeven
}

if you wanted to add + 5 ticks (going long here) you can also do that:
SetStopLoss(CalculationMode.Price, Position.AvgPrice + 5 * TickSize); // breakeven + 5 ticks

[brucelevy]

is there a way to use a changestop order instead of setstoploss

[NinjaTrader_PaulH]

Hello brucelevy,

Thanks for your reply.

No, once you have used the SetStopLoss() method you can only move it by reissuing the SetStopLoss() with new values.