Parabolic stop (total position)

[Uregon]

Hello, wich parameters does the parabolic stop (total position) have in the strategy builder?

[NinjaTrader_ChrisL]

Hi Uregon, thanks for posting. The parabolic stop works similar to the parabolic SAR indicator which you can load on a chart, and also review its source code through the NinjaScript Editor. The parameter you select affects the distance from the current price the stop will trail by.

Kind regards,
-ChrisL

[philmg]

Hi, would like to follow up on this question. The Parabolic Stop Total Position doesn't have the ability to change the parameters like the Parabolic Stop has. What is the difference. I thought, that the Parabolic Stop Total Position would exit the total position all at one price, but it exits different entries in my case also at different stop levels, so handles different entries separately. So why is t called Total Position and what does it do differently?

[NinjaTrader_Emily]

Hi, would like to follow up on this question. The Parabolic Stop Total Position doesn't have the ability to change the parameters like the Parabolic Stop has. What is the difference. I thought, that the Parabolic Stop Total Position would exit the total position all at one price, but it exits different entries in my case also at different stop levels, so handles different entries separately. So why is t called Total Position and what does it do differently?

Hello philmg,

Thank you for your note.

When using Parabolic Stop Total Position, the following syntax is used for SetParabolicStop() inside of the actual NinjaScript logic:
SetParabolicStop(CalculationMode mode, double value)

With this syntax, it creates a parabolic stop using default acceleration (0.02), accelerationMax (0.2), accelerationStep (0.02) settings and a floor value based on the calculation mode and value selected. This would apply the parabolic stop to all positions and it the other parameters may not be customized in the same way that you could customize the parameters for Parabolic Stop which uses this syntax instead:
SetParabolicStop(string fromEntrySignal, CalculationMode mode, double value, bool isSimulatedStop, double acceleration, double accelerationMax, double accelerationStep)

For more information, please see the help guide page for SetParabolicStop() here:

https://ninjatrader.com/support/helpGuides/nt8/setparabolicstop.htm

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