Swing stops questions

[brucelevy]

So I am using swing stops as part of a strategy but they are moving.

IE
Strategy enters a short position. As price moves down the stop follows on the last swing high... The problem is that as price is moving up, if it prints a new swing high, the stop then goes above that swing high and will continue to adjust higher and away from price if a new swing high is made. Is there a simple way to stop this? I need the stop to lock in profits not give them away!

Also, here is an example of the strategy entering a long positions and trying to put stops below the prior swing low (but the prior swing low is actually higher than price) https://gyazo.com/ce2c60a97e83fcdad130212d66b00ae8

[NinjaTrader_ZacharyG]

Hello brucelevy,

Thank you for writing in.

What you could do is check to see if the current swing high value is lower than your stop loss price. If so, then move the stop loss. Otherwise, don't do anything.

As an example:

if (Swing(5).SwingHigh[0] < stopLoss)
{
     stopLoss = Swing(5).SwingHigh[0];
     SetStopLoss(stopLoss);
}

Please, let us know if we may be of further assistance.