Custom Exit Strategy Assistance

[Coopero]

I'm trying to write a strategy that will automatically move the stop loss to the previous bars high every bar if it's a short trade and vice versa for long.

My plan is for this to activate provided the trade is in profit and more than 1 bar has occurred. With the current code I'm using, the initial stop loss works, but the trailing part doesn't. For reference, calculate is set to OnBarClose.

Here's what I have So far for the custom trailing:

if (BarsSinceEntryExecution() > 1){
SetStopLoss("MACD Oppourtunity Long",CalculationMode.Price,lastBarLow,false);
}

if (BarsSinceEntryExecution() > 1){
SetStopLoss("MACD Oppourtunity Short",CalculationMode.Price,lastBarHigh,false);
}

and for the entry:

 if (goodToTradeLong == true){ // if I have no active trades and I'm ready to go Long
EnterLongLimit(0, false, contracts, GetCurrentAsk() ,"MACD Oppourtunity Long");
SetStopLoss(CalculationMode.Ticks, InitialStopLoss);
SetProfitTarget("MACD Oppourtunity Long", CalculationMode.Price,dayHigh,true);
}

if (goodToTradeShort == true){ // if I have no active trades and I'm ready to go Short
EnterShortLimit(0, false, contracts, GetCurrentAsk() ,"MACD Oppourtunity Short");
SetStopLoss(CalculationMode.Ticks, InitialStopLoss);
SetProfitTarget(CalculationMode.Price,dayLow,true) ;
}

What am I doing wrong? Thanks in advance!

[NT-Roland]

Hi Coopero,
Welcome to the forum. This thread might be of interest for you.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/platform-technical-support-aa/1075497-support-on-how-to-configure-trailing-stop-and%C2%A0-stop-loss-together-at-a-strategy#post1075542

NT-Roland

[NinjaTrader_ChelseaB]

Hello Coopero,

Welcome to the NinjaTrader forums!

Below are links to examples of custom movement with exit orders.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/platform-technical-support-aa/97419-priceos-cs-expecting?p=802269#post802269

https://ninjatrader.com/support/forum/forum/suggestions-and-feedback/suggestions-and-feedback-aa/103992-request-breakeven-functions-in-strategy-builder?p=806596#post806596

One thing to note, is that orders must have prices on certain sides of the market. When placing an order at the previous bars high, it will be necessary to check that the the previous bar's high is above the ask for buy stop orders and market if touched orders and sell limit orders, and below the bid for sell stop and market if touched orders and buy limit orders.

Also, set methods cannot be unset. It is recommended that you set and reset Set methods before calling an entry order, not after.

Last, use prints and TraceOrders to make sure that the condition is evaluating as true and the price the order is submitted with is a valid price.

https://ninjatrader.com/support/forum/forum/ninjatrader-7/strategy-development-aa/99209-date-conditions-not-working?p=791121#post791121