Trailing Stop Loss

[jcdude89]

Hello I am new to the platform and have developed a simple strategy to test.

I cant find the code for a simple currency trailing stop loss.

I currently have this:
protected override void OnBarUpdate()
{
if (BarsInProgress != 0)
return;

if (CrossAbove(Low, sma, 1) && High[2] < sma.Value[2])
EnterLong(coinAmount);

if (Position.MarketPosition == MarketPosition.Long)
{
if (CrossBelow(High, sma, 1))
ExitLong(coinAmount);
}

if (CrossBelow(High, sma, 1) && Low[1] < sma.Value[1])
{
EnterShort(coinAmount);
}

if (Position.MarketPosition == MarketPosition.Short)
{
if (CrossBelow(Low, sma, 1))
ExitShort(coinAmount);
}
}

but I want to trail the current price by 20$ and cant find how to do that?

[NinjaTrader_Jesse]

Hello jcdude89,

You can set a trailing stop by using SetTrailStop however that cannot be used with ExitShort/ExitLong. You would also need to trail by a number of Ticks Pips or Percent from the price rather than a currency.
https://ninjatrader.com/support/help...antedPositions

https://ninjatrader.com/support/help...htsub=settrail

There are some examples of trailing in the following forum post:
https://ninjatrader.com/support/foru...269#post802269

I look forward to being of further assistance.

[jcdude89]

I have added the following code but I am getting this sell that instantly hits the stop loss.

What am I doing wrong

protected override void OnBarUpdate()
{
if (BarsInProgress != 0)
return;


if (CrossAbove(smaFast, smaSlow, 1))
EnterLong(coinAmount);

if (Position.MarketPosition == MarketPosition.Long)
{

SetStopLoss(CalculationMode.Price, Close[0] - 2);
}

if (CrossBelow(smaFast, smaSlow, 1))
EnterShort(coinAmount);

if (Position.MarketPosition == MarketPosition.Short)
{

SetStopLoss(CalculationMode.Price, Close[0] + 2);
}
}

[NinjaTrader_Jesse]

Hello jcdude89,

You will want to make sure to call Set methods before the entry like this:

if (CrossAbove(smaFast, smaSlow, 1))
{
    SetStopLoss(CalculationMode.Price, Close[0] - 2);
    EnterLong(coinAmount);
}

That prepares the target with the price, once the entry fills it uses that value.

I look forward to being of further assistance.