Trailing stop to the low or high of a bar

[henryd333]

Hi

I would like to trail my stop loss to the low or high of the following bar, my setup is the following:

EnterShort(Convert.ToInt32(Sellqty), "Sell1");
Stop_Price1 = Position.AveragePrice + (High[2]-Position.AveragePrice);
SetStopLoss("Sell1", CalculationMode.Price, Stop_Price1, false);

So my stop loss at the begining of the order is place at the low or high of the second previous bar of the trigger bar

Once the current bar closes I want that the stop loss trails to the low or high of the next bar, so there´s always 3 bars in between my stop loss and the current price.

I tried to do this
EnterShort(Convert.ToInt32(Sellqty), "Sell1");
Stop_Price1 = Position.AveragePrice + (High[2]-Position.AveragePrice);
SetStopLoss("Sell1", CalculationMode.Price, Stop_Price1, false);
Stop_Trigger = (Position.AveragePrice - (Close[-1])) ;



protected override void OnMarketData(MarketDataEventArgs marketDataUpdate)
{
// Print some data to the Output window
if (marketDataUpdate.MarketDataType == MarketDataType.Last)
{
if ((Position.MarketPosition == MarketPosition.Long)
&& (Times[0][0].TimeOfDay >= Hora_inicio.TimeOfDay)
&& (Times[0][0].TimeOfDay <= Hora_final.TimeOfDay)
&& (Stop_Price1 != 0)
&& (UseBreakeven == true)
&& (marketDataUpdate.Price >= Stop_Trigger))
{
Stop_Price1 = (marketDataUpdate.Price - (marketDataUpdate.Price-Low[2])) ;
Stop_Trigger = (marketDataUpdate.Price + (Close[0])) ;
SetStopLoss("Buy1", CalculationMode.Price, Stop_Price1, false);
Print("Setting Stop ="+Stop_Price1);
}


}

if (marketDataUpdate.MarketDataType == MarketDataType.Last)
{
if ((Position.MarketPosition == MarketPosition.Short)
&& (Times[0][0].TimeOfDay >= Hora_inicio.TimeOfDay)
&& (Times[0][0].TimeOfDay <= Hora_final.TimeOfDay)
&& (Stop_Price1 != 0)
&& (UseBreakeven == true)
&& (marketDataUpdate.Price <= Stop_Trigger))
{
Stop_Price1 = (marketDataUpdate.Price + (High[2]-marketDataUpdate.Price)) ;
Stop_Trigger = (marketDataUpdate.Price - (Close[0])) ;
SetStopLoss("Sell1", CalculationMode.Price, Stop_Price1, false);
}

But it didn´t work

Thank you

[NinjaTrader_ChelseaB]

Hello henryd333,

Below are links to some examples of custom trailing logic you may find helpful.

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

Please note, that set methods like SetStopLoss() must be called before the entry, not after. Once working, set methods can be called again to update the price to a new price.

Confirm that the price you are using is valid. For sell stops the stop price must be below the current bid. For buy stops the stop price must be above the current ask.

Use prints and TraceOrders to understand unexpected behavior.

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

Save the output to a text file and include this with your post if you would like review the output.