Breakeven in Strategy Builder Question

[Daveman0]

Hello all -

I'm quite close to having a working breakeven/trailing stop script in strategy builder (borrowed heavily from NinjaTrader_ChelseaB's script which was super useful!) but I'm getting hung up in one place - I have a trigger price (BETriggerPrice) that moves the stoploss to breakeven, and then a second trigger price (Stops2ProfitPrice) to move the stoploss into profit - however, when testing on sim, if the last price goes above the second trigger level and then back below it, the stoploss jumps into profit, but then reverts back to the breakeven level, defeating the purpose of a trailing stop : )

I'm attaching screengrabs of the strategy builder logic below - would appreciate any insight on how to make that stop-in-profit "stick" when the market price gets above the second trigger level - weirdly, the breakeven stop doesn't have this problem, but honestly I don't totally understand why...

Thank you in advance!

[NinjaTrader_Kate]

Hello Daveman0,

Thank you for your reply.

You're not checking the TriggerState in your conditions for each step, and I also don't see where you're setting TriggerState back to 0 when the position is flat in order to submit a new entry. So, in set 2 you'd want to add a condition that TriggerState = 1, in set 3 add a condition that TriggerState = 2, and then finally add a set that checks if the strategy position is flat and if so set TriggerState to 0 if you don't already have one.

Please let us know if we may be of further assistance to you.

[Daveman0]

Hello Daveman0,

Thank you for your reply.

You're not checking the TriggerState in your conditions for each step, and I also don't see where you're setting TriggerState back to 0 when the position is flat in order to submit a new entry. So, in set 2 you'd want to add a condition that TriggerState = 1, in set 3 add a condition that TriggerState = 2, and then finally add a set that checks if the strategy position is flat and if so set TriggerState to 0 if you don't already have one.

Please let us know if we may be of further assistance to you.

Brilliant, thank you Kate, works perfectly! Much appreciated -

[dezaster]

Hello Daveman0,

Thank you for your reply.

You're not checking the TriggerState in your conditions for each step, and I also don't see where you're setting TriggerState back to 0 when the position is flat in order to submit a new entry. So, in set 2 you'd want to add a condition that TriggerState = 1, in set 3 add a condition that TriggerState = 2, and then finally add a set that checks if the strategy position is flat and if so set TriggerState to 0 if you don't already have one.

Please let us know if we may be of further assistance to you.

Good evening,
I'm new to the NinjaTrader platform and I'm looking into putting together a BE strategy similar to this. In my brain, for setting a SL for a long order, shouldn't I need to subtract a price from the average position price? Then add to that as the SL moves up with the trade?... with the opposite for a short?

Thank you!
dez

[NinjaTrader_BrandonH]

Hello dezaster,

Thanks for your note.

You can use exit order methods and adding coding logic in the Strategy Builder to accomplish this goal.

Please note that you would not be able to use the exit methods and the stops in the stop and targets window as that creates a violation of the managed approach internal order handling rules, linked here: https://ninjatrader.com/support/help...d_approach.htm

My colleague Chelsea has created educational examples of strategy builder breakeven and trailing stop in the strategy builder here:
https://ninjatrader.com/support/foru...der#post806596

Please let us know if we may assist further.