trail stop low/high of bar

[Mathias79]

Hello
is this section of the script correct if I want to move the trailstop to the low or high of the bar once the positions moves?

if (Position.MarketPosition == MarketPosition.Long)
{
// For long positions, trail the stop below the low of the previous bar
double low = Lows[0][1]; // The low of the previous bar
SetTrailStop(CalculationMode.Price, low);
}
else if (Position.MarketPosition == MarketPosition.Short)
{
// For short positions, trail the stop above the high of the previous bar
double high = Highs[0][1]; // The high of the previous bar
SetTrailStop(CalculationMode.Price, high);

Thank you for your help

[NinjaTrader_Emily]

Hello Mathias79,

Thank you for your post.

This should work to set the stop loss to either the high or the low of the previous bar once the position is opened. If there is a certain profit trigger you'd like to use, you would need to include that in your condition. We have an example of modifying the price of stop and target orders here:

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

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

[Mathias79]

I wasn't able to make it work... would it be ok to post the script here for your review?

[NinjaTrader_Emily]

I wasn't able to make it work... would it be ok to post the script here for your review?

You could post a snippet of what you have tried and explain what you were expecting it to do vs. the actual behavior when you tested it so we can help you identify the next steps in the debugging process to help you get your strategy behaving how you would like it to.

Unfortunately, in the support department at NinjaTrader it is against our policy to create, debug, or modify, code or logic for our clients. Further, we do not provide C# programming education services or one-on-one educational support in our NinjaScript Support department. This is so that we can maintain a high level of service for all of our clients as well as our associates.

That said, through email or on the forum we are happy to answer any questions you may have about NinjaScript if you decide to code this yourself. We are also happy to assist with finding resources in our help guide as well as simple examples, and we are happy to assist with guiding you through the debugging process to assist you with understanding unexpected behavior.

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 our NinjaTrader Ecosystem team to follow up with you with 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 me know if I may be of further assistance.

[Mathias79]

Thank you... I am interested in contacting a consultant for help. Please send me the list.

Thanks

Mathias

[NinjaTrader_PatrickH]

Hello Mathias79,

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/search-results/?fwp_category=programming-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.

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Let me know if I may be of further assistance.

[Mathias79]

I just realized that the script I provided has a "double" in it. please see script below.
is that an input or variable? if it is, could you please share an example that could work with this script?


if (Position.MarketPosition == MarketPosition.Long)
{
// For long positions, trail the stop below the low of the previous bar
double low = Lows[0][1]; // The low of the previous bar
SetTrailStop(CalculationMode.Price, low);
}
else if (Position.MarketPosition == MarketPosition.Short)
{
// For short positions, trail the stop above the high of the previous bar
double high = Highs[0][1]; // The high of the previous bar
SetTrailStop(CalculationMode.Price, high);



Thank you for your hep

[alphatango]

Don't know if this helps, but I just figured this out today.
If you want a script to "Overwrite" a previous stop loss (so as not to spam orders and possibly get rogue orders out there), you can set your stop loss by entry name

For whatever your terms are for queueing your "EnterLong" code: put in " EnterLong("ANameThatMakesSenseToYou"); "

Then in your coding above, use the "entryFromSignal" to tie the stop loss to the position you entered.

---Snip----
(Position.MarketPosition == MarketPosition.Long)
{
// For long positions, trail the stop below the low of the previous bar
double low = Lows[0][1]; // The low of the previous bar
SetTrailStop("ANameThatMakesSenseToYou", CalculationMode.Price, low);
}
else if (Position.MarketPosition == MarketPosition.Short)
{
// For short positions, trail the stop above the high of the previous bar
double high = Highs[0][1]; // The high of the previous bar
SetTrailStop("(Do The same here for your short entry)", CalculationMode.Price, high);

This way it will reassign whatever stop loss was the Low/High of the previous bar to the next low/high on bar change. I believe I have that right. Anyone at NT is welcome to correct me with thanks in advance.

[Mathias79]

I will try that. Thank you for your help!!