Auto Stop Loss Set To High or Low of Enter Candle.

[Cryptomaphone]

Hey!

I would like to find a way to have a stop loss set automatically at the LOW of a candle when entering a LONG position or at the HIGH of a candle when entering a SHORT position.

I'm using an ATM strategy right now, but I have my stop set to 20 ticks or something so I usually have to manually move the stop after entering the trade and with how fast futures contracts move sometimes, I end up not getting the stop in place in time.

I'm new to coding and NinjaTrader, so if someone could even point me in the right direction, that would be awesome.

Thanks!

[NinjaTrader_Emily]

Hello Crytomaphone,

Thank you for your first post and welcome to the NinjaTrader forums!

This would be possible using a custom NinjaScript strategy. Since you are new to coding and NinjaTrader, I recommend checking out the following link for some helpful information, tips, and resources related to NinjaScript and C#:

https://ninjatrader.com/support/forum/forum/ninjatrader-8/indicator-development/97575-sample-scripts#post786040

If you choose to create this in the Strategy Builder, I recommend the following forum post that explains what is needed to set up a Stop Loss or Profit Target that is dynamic and based on data from the candle:

https://ninjatrader.com/support/forum/forum/ninjatrader-8/strategy-development/1139359-create-a-target-and-stop-variable-according-tho-size-candlestick-on-strategy-builder?p=1139437#post1139437

If you were to create this in an unlocked script in the NinjaScript Editor, you could use SetStopLoss() within OnBarUpdate() or you could check out the following reference sample that demonstrates how to submit protective orders using OnOrderUpdate() and OnExecutionUpdate():

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

You can also contact a professional NinjaScript Consultant who would be eager to create or modify this script at your request or assist you with your script. The NinjaTrader Ecosystem has affiliate contacts who provide educational as well as consulting services. Please let me know if you would like a list of affiliate consultants who would be happy to create this script or any others at your request or provide one on one educational services.

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

[Cryptomaphone]

Awesome, thank you.

"You can also contact a professional NinjaScript Consultant who would be eager to create or modify this script at your request or assist you with your script. The NinjaTrader Ecosystem has affiliate contacts who provide educational as well as consulting services. Please let me know if you would like a list of affiliate consultants who would be happy to create this script or any others at your request or provide one on one educational services."

A list of consultants would be much appreciated!

[NinjaTrader_ThomasC]

Hello Cryptomaphone,

Thank you for your post.

You can search our list of NinjaScript consultants through the link below. Simply enter a consultant name or search by using our filter categories. Once you have identified your consultants of choice, please visit each consultant's site for more information or contact them directly to learn more:

• https://ninjatraderecosystem.com/sea...mming-services

You can locate the contact information for the consultants on their direct websites for any additional questions you may have. Since these consultants are third-party services for NinjaTrader, all pricing and support information will need to be obtained through the consultant.

The NinjaTrader Ecosystem website is for educational and informational purposes only and should not be considered a solicitation to buy or sell a futures contract or make any other type of investment decision. The companies and services listed on this website are not to be considered a recommendation and it is the reader's responsibility to evaluate any product, service, or company. NinjaTrader Ecosystem, LLC is not responsible for the accuracy or content of any product, service or company linked to on this website.

Let me know if I may be of further assistance.