Creating stop from strategy builder

[Alf63]

Hello,

Using Renko chart, I'd like to add to my strategy a stop under the low minus x ticks (high plus x ticks for short positions) of the last brick created when i had the entry signal. This initial stop stays at the same level as long as the position as not been closed by a trailing stop (based on an indicator). I know how to create the trailing stop but i cannot manage to create the stop under (above) "signal" brick with the strategy builder.

Thanks for help.

[NinjaTrader_JoshG]

Hello Alf63,
Thanks for your post.

• How are you monitoring for your "signal brick"?
  
• What have you tried so far in the Conditions and Actions section of the Strategy Builder? You can take a screenshot if you like.

To send a screenshot with Windows 7 or newer I would recommend using Window's Snipping Tool.
Click here for instructions

Alternatively to send a screenshot press Alt + PRINT SCREEN to take a screenshot of the selected window. Then go to Start--> Accessories--> Paint, and press CTRL + V to paste the image. Lastly, save as a jpeg file and send the file as an attachment.
Click here for instructions

I look forward to your reply.

[Alf63]

Hello Josh,

At the close of a "signal brick" i have a buy (or sell) signal to open a position (based on indicators). That's the difference between a "signal brick" and an ordinary brick. In conditions and actions, i have two sets for entering in the market (one for long and one for short) according to indicators and two sets for the trailing stops also based on indicators. When i try to build the initial stop loss (low or high of the "signal brick"), i arrive on a "string builder" window and at this point i do not know how to program this initial stoploss.

Regards.

AF

[NinjaTrader_JoshG]

Hello Alf63,
Thanks for your note.

The "String Builder" window is asking you for the name of your entry signal. In this situation though the "Stops and Targets" section will not be the way to set your stop loss.

There is not a way to use SetStopLoss() as an action to your "signal brick" condition in the Strategy Builder. So, if you are monitoring for your "signal brick" with indicators than you will need to configure those conditions appropriately before setting your stop loss with an Exit order.

I suggest creating a variable that will store your stop loss value when the correct conditions are met. You can then pass that variable into your exit order to create the stop loss.

Please let me know if you have any further questions.

[Alf63]

Josh,

Thanks a lot. I suppose creating a variable to store the stoploss level (etc, ...) cannot be done in the strategy builder. I'll have to try to write C# code. Not so easy... I'm going to try...

Alain

[NinjaTrader_JoshG]

Hello Alf63,
Thanks for your note.

You can create a variable in the Strategy Builder from the Inputs and Variables page. I have gone ahead and created a quick video showing how this can be accomplished.

https://www.screencast.com/t/a7qPFV9Gc0Ml

Understanding the Inputs and Variables screen
https://ninjatrader.com/support/help...ariablesScreen

Please let me know if you have any further questions.

[Alf63]

Hello Josh,

Awesome video and explanation!!!! It works without any problem!!

Is this possible, using the strategy builder, to take into account the size of the renko brick (the distance between the stop and the low/high of the brick depends on renko brick size)?

Thanks a lot.

Alain

[NinjaTrader_JoshG]

Hello Alain,

Glad to hear you got your stop working how you would like. At this time it would not be possible to take renko brick sizes into account in the Builder.

Please let me know if you have any further questions.

[Daryl Haaland]

Can you please perhaps re post the screencast video, the link in this message seems to currently be broken. https://www.screencast.com/t/a7qPFV9Gc0Ml

Thank you.

Hello Alf63,
Thanks for your note.

You can create a variable in the Strategy Builder from the Inputs and Variables page. I have gone ahead and created a quick video showing how this can be accomplished.

https://www.screencast.com/t/a7qPFV9Gc0Ml

Understanding the Inputs and Variables screen

https://ninjatrader.com/support/helpGuides/nt8/en-us/?builder_screens.htm#UnderstandingTheInputsAndVariablesScreen

Please let me know if you have any further questions.

[NinjaTrader_JoshG]

Hello Darryl,
Thanks for your post.

I'm not sure why that video is no longer there. I remade it at the following link.
https://www.screencast.com/t/6vhsnsaeuj

Please let me know if you have any questions.