Move stop

[RMin101]

How do I move the stop to 100 profitable if my trade is profitable 300

if Position.GetUnrealizedProfitLoss(PerformanceUnit.P oints, Close[0]) > ProfitToMoveStop)
{

ExitLong ( "Move B/E" ) NumberOfContracts Contracts next bar at OpenPrice + MSP Stop;

}

How do I label my exits? MSP is $100 for NQ 20*5

[QuantKey_Bruce]

Well, you say you want to MOVE the stop implying you have one initially - how did you place the stop in the first place? It wouldn't be with that sort of ExitLong statement because that looks like some sort of hodge podge of TradeStation EasyLanguage not NinjaTrader NinjaScript. However your strategy placed the initial stop, you would do that again but modify the price or distance.

[RMin101]

Hi I set the initial stop loss with

SetStopLoss("", CalculationMode.Currency, 5000, false);

Then move it later with this

SetStopLoss(CalculationMode.Currency, 100);

Does this move the stop loss to $100 profitable?

[QuantKey_Bruce]

No, it moves the stop to $100 loss.

You could try -100.00 or specify it by price e.g. SetStopLoss("", CalculationMode.Price, Position.AveragePrice - (100.00 / Instrument.MasterInstrument.PointValue / Math.Max(1, Position.Quantity)), false); // long example

I would encourage you to use the same signature for the SetStopLoss command each time - if you don't you run the risk you might accidentally end up with two different stops going on (one for the whole thing and one for the specific entry you specified, although you sent an empty string here).

[NinjaTrader_BrandonH]

Hello RMin101,

Thanks for your post.

QuantKey_Bruce is correct. SetStopLoss(CalculationMode.Currency, 100) would move the stop to a $100 loss. You could specify the stop loss by Price instead of by Currency as Bruce shared.

You should specify a fromEntrySignal string each time you call SetStopLoss() to ensure the stop loss is tied to the specific entry with that signal name. Otherwise, as Bruce noted you could end up placing two separate stops.

Note that if you call this method to dynamically change the stop loss price in the strategy OnBarUpdate() method, you should always reset the stop loss price / offset value when your strategy is flat otherwise, the last price/offset value set will be used to generate your stop loss order on your next open position. This is noted on the SetStopLoss() help guide page linked below.

SetStopLoss(): https://ninjatrader.com/support/help...etstoploss.htm

We have a reference sample you could view demonstrating modifying the price of a stop loss: https://ninjatrader.com/support/help..._lo.htm

[vpatanka]

I have a question which is sort of related. Its more about understanding the API for Position.GetUnrealizedProfitLoss() with Points.

I am trying to understand how PerformanceUnit.Points work as I plan to use it in my strategy and want to make sure I understand the concept correctly.
I read the page for calculation modes https://ninjatrader.com/support/help..._and_loss_calc ulation_modes.htm and wanted to make sure

Let's say I am trading ES and here is a hypothetical example where my strategy goes long or short with 1 lot and let's say I want to exit the trade if it goes more than a point against me.
In this case would the code below be correct given that in the description of calculation modes URL above it says "1 for Long position, or -1 for short position"


if (Position.MarketPosition == MarketPosition.Long && (Position.GetUnrealizedProfitLoss(PerformanceUnit. Points, Close[0]) < -1))
ExitLong();
if (Position.MarketPosition == MarketPosition.Short && (Position.GetUnrealizedProfitLoss(PerformanceUnit. Points, Close[0]) > 1))
ExitShort();

If the code snippet above doesn't look correct what would be the correct approach? Thanks in advance.

[NinjaTrader_BrandonH]

Hello vpatanka,

Thanks for your notes.

That help guide page details how the Calculation Mode called Points is calculated in NinjaTrader.

Your understanding and the code you shared is correct. When using GetUnrealizedProfitLoss() with PerformanceUnit.Points, this will return the unrealized PnL in Points.

This means if you are in a Long position and the strategy goes 1 point against you, the Position.GetUnrealizedProfitLoss(PerformanceUnit.P oints, Close[0]) method would return a value of -1.

The first section of code would check if you are in a long position and if the Unrealized PnL is less than -1 point against you and calls ExitLong() to exit the position.

The second section of code would check if you are in a short position and if the Unrealized PnL is greater than 1 point against you and calls ExitShort() to exit the position.

[vpatanka]

Hello vpatanka,

Thanks for your notes.

That help guide page details how the Calculation Mode called Points is calculated in NinjaTrader.

Your understanding and the code you shared is correct. When using GetUnrealizedProfitLoss() with PerformanceUnit.Points, this will return the unrealized PnL in Points.

This means if you are in a Long position and the strategy goes 1 point against you, the Position.GetUnrealizedProfitLoss(PerformanceUnit.P oints, Close[0]) method would return a value of -1.

The first section of code would check if you are in a long position and if the Unrealized PnL is less than -1 point against you and calls ExitLong() to exit the position.

The second section of code would check if you are in a short position and if the Unrealized PnL is greater than 1 point against you and calls ExitShort() to exit the position.

Thanks Brandon for the confirmation. Appreciate it. You guys are awesome !

[vpatanka]

Hello vpatanka,

Thanks for your notes.

That help guide page details how the Calculation Mode called Points is calculated in NinjaTrader.

Your understanding and the code you shared is correct. When using GetUnrealizedProfitLoss() with PerformanceUnit.Points, this will return the unrealized PnL in Points.

This means if you are in a Long position and the strategy goes 1 point against you, the Position.GetUnrealizedProfitLoss(PerformanceUnit.P oints, Close[0]) method would return a value of -1.

The first section of code would check if you are in a long position and if the Unrealized PnL is less than -1 point against you and calls ExitLong() to exit the position.

The second section of code would check if you are in a short position and if the Unrealized PnL is greater than 1 point against you and calls ExitShort() to exit the position.

Hi Brandon,

A quick follow up - Does GetUnrealizedProfitLoss() with Points option work with a double meaning say if I am trading ES with 1 lot and if my criteria is half a point (instead of 1 point) or 2 ticks can I still use PerformanceUnit with points or do I have to use ticks

e.g. for half a point threshold can I do something like below

if (Position.MarketPosition == MarketPosition.Long && (Position.GetUnrealizedProfitLoss(PerformanceUnit. Points, Close[0]) < -0.5))
ExitLong();

or do I need to use PerformanceUnit.Ticks with 2?

Thanks in advance

[NinjaTrader_ChelseaB]

Hello vpatanka,

With CalculationMode Ticks or Points, this would be a distance regardless of number of contracts.

With CalculationMode.Currency this would be an amount of loss (or profit) with all of the contracts.

So you could use .5 points if you wanted, or for the ES you could use 2 ticks. Either would be the same.

[vpatanka]

Hello vpatanka,

With CalculationMode Ticks or Points, this would be a distance regardless of number of contracts.

With CalculationMode.Currency this would be an amount of loss (or profit) with all of the contracts.

So you could use .5 points if you wanted, or for the ES you could use 2 ticks. Either would be the same.

Thanks. I will try it out.

[vpatanka]

Thanks. I will try it out.

Okay so I just tried out running backtest for today (for ES with 1 lot) for my strategy in strategy analyzer with GetUnrealizedProfitLoss() with Points and Currency and was expecting the same result but I got two different results so I am not sure what I am missing here.

Here is the code I ran for 9/1/2023 for ES with 1 lot with 1 point as the threshold. I am using a 4 min chart
if (Position.MarketPosition == MarketPosition.Short && (Position.GetUnrealizedProfitLoss(PerformanceUnit. Points, Close[0]) > 1))
ExitShort();

It showed one trade with a net loss of -$241.68





When I changed it to Currency for the exact same thing it showed a net loss of -$166.68
if (Position.MarketPosition == MarketPosition.Short && (Position.GetUnrealizedProfitLoss(PerformanceUnit. Currency, Close[0]) < -50))
ExitShort();


Here is a screenshot where it shows the entry time being the same but exit time was different between the two causing different P&L




Can you help me understand what I am missing here. Thanks

[vpatanka]

Okay so I just tried out running backtest for today (for ES with 1 lot) for my strategy in strategy analyzer with GetUnrealizedProfitLoss() with Points and Currency and was expecting the same result but I got two different results so I am not sure what I am missing here.

Here is the code I ran for 9/1/2023 for ES with 1 lot with 1 point as the threshold. I am using a 4 min chart
if (Position.MarketPosition == MarketPosition.Short && (Position.GetUnrealizedProfitLoss(PerformanceUnit. Points, Close[0]) > 1))
ExitShort();

It showed one trade with a net loss of -$241.68





When I changed it to Currency for the exact same thing it showed a net loss of -$166.68
if (Position.MarketPosition == MarketPosition.Short && (Position.GetUnrealizedProfitLoss(PerformanceUnit. Currency, Close[0]) < -50))
ExitShort();


Here is a screenshot where it shows the entry time being the same but exit time was different between the two causing different P&L




Can you help me understand what I am missing here. Thanks

I ran the strategy in market replay with some Print() statements and figured out what the issue was regarding what I was trying to do.

It turns out Position.GetUnrealizedProfitLoss(PerformanceUnit.P oints, Close[0]) returns a -ve if the trade goes against the direction of the trade so it's agnostic to MarketPosition.<> which was not my understanding. I thought if I am long and if it goes against me by a point the function would return -1 and if I am short the function would return 1 if the position goes against me by a point but when I ran it in market replay it returned -1 when the position goes against me for both long and short.

Anyway good learning. Thanks