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Stop loss at previous candle closing price

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    Stop loss at previous candle closing price

    I am looking to update one of my strategies with a static stop loss that is located at the close of the previous candle .Is this possible in NT8 and if so how can it be done?

    #2
    Hello Teebone21,

    Thank you for your post.

    Exit methods like ExitLongStopLimit() would need to be used to place a stop loss at the close price of the previous bar. Please see the attached example strategy that demonstrates this.

    In the strategy, we create a variable named prevClose. We save the previous close price to that variable in OnBarUpdate. The script checks if we are in a flat position and calls EnterLong with a signal name "MyEntry". Then we check if we are in a long position and call ExitLongStopLimit with a fromSignalName of "MyEntry" and use our prevClose variable for the stop price.

    See the help guide documentation below for more information.

    ExitLongStopLimit - https://ninjatrader.com/support/help...gstoplimit.htm

    Please let us know if we may assist further.
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