Stop Loss Issue

[perrytradez]

Hey! I'm very new to coding, so bare with me. This feels like an easy issue to solve but for some reason I can't seem to figure it out.

My Goal: To have my initial stop loss set at the previous candle low, and move to breakeven when I'm 10 ticks in profit, and be set there the remainder of the trade.

My Issue: In order for my stop loss to move to BE, I have to have the Strategy setup to calculate "On each tick". However, when I set the strategy to "On each tick", the initial stop loss doesn't even show up.

I'm assuming the issue is because the Method I have both stops in is OnBarUpdate() ?
Again, I'm extremely new to this so any insight or help is much appreciated.

Here's a look at the code

[NinjaTrader_Jim]

Hello perrytradez,

Thanks for your question.

When processing OnEachTick or OnPriceChange BarsAgo 0 references will represent the developing bar, when using OnBarClose, BarsAgo 0 references reflect the bat that had just closed.

Also keep in mind that when using Calculate.OnEachTick and OnPriceChange, historical data is still going to be processed following OnBarClose behaviors. Once the strategy starts processing realtime data, it will then be cable to process following OnEachTick or OnPriceChange behaviors.

Something else to keep in mind is that if a stop loss is submitted to the other side of the market (If Low[0] reflects a price level that ends up being on the other side of current bid/ask prices when the order is processed) the order would be rejected. When processing historical data, rejected orders are ignored.

You could consider triggering your entry condition for a check of IsFirstTickOfBar so the entry happens on bar closes, and to change the Low[0] reference to Low[1], so it reflects the previous bar's low, after we get the first tick of a new bar. Otherwise, you could consider comparing Low[0] to GetCurrentBid, to make sure Low[0] is less than the current bid price and would be valid for a Sell Stop Market Order. You can also consider using GetCurrentAsk/GetCurrentBid to offset your initial stop at a greater distance if Low is not a valid price for the stop loss.

IsFirstTickOfBar - https://ninjatrader.com/support/help...ttickofbar.htm

GetCurrentAsk - https://ninjatrader.com/support/help...currentask.htm

GetCurrentBid - https://ninjatrader.com/support/help...currentbid.htm

We look forward to assisting.