SetStoploss with Ema

[turbofib]

i want to setstoploss with ema..

protected override void OnBarUpdate()
{
if (CurrentBars[0] < 1)
return;

// Set 1
if ((Close[0]>KeltnerChannel1.Upper[1])
{
EnterLong(Convert.ToInt32(DefaultQuantity), "");
}

SetStopLoss(CalculationMode.Price, SMA(5)[0]);
}

is correct as in example? is correct set SetStopLoss in OnBarUpdate ?


thanks

[NinjaTrader_PaulH]

Hello turbofib,

Thanks for your post.

The example shown is using SMA and you mentioned EMA so while the example would be a correct use of the SMA as the input to the SetStopLoss() you would need to change SMA to EMA.

The example shown would adjust the SetStopLoss() value on each OnBarUpdate().