Profit Chase Stop Trail Set Methods Example

[patdmoney]

Hi, I have modified the ProfitChaseStopTrailSetMethodsExample Script to consider both directions Long and Short. The chase stop trail works perfectly on the Long Position but with the Short Position, the trail does not work at all. The StopLoss and the Profit don't move.

if (BarsInProgress == 1 && Position.MarketPosition == MarketPosition.Long)
                {
                    if (UseProfitTarget && ChaseProfitTarget && Close[0] < currentPtPrice - ProfitTargetDistance * TickSize)
                        {
                            currentPtPrice = Close[0] + ProfitTargetDistance * TickSize;
                            SetProfitTarget(CalculationMode.Price, currentPtPrice);
                        }

                    if (UseStopLoss && TrailStopLoss && Close[0] > currentSlPrice + StopLossDistance * TickSize)
                        {
                            currentSlPrice = Close[0] - StopLossDistance * TickSize;
                            SetStopLoss(CalculationMode.Price, currentSlPrice);
                        }
                }

            if (BarsInProgress == 1 && Position.MarketPosition == MarketPosition.Short)
                {
                    if (UseProfitTarget && ChaseProfitTarget && Close[0] < currentPtPrice - ProfitTargetDistance * TickSize)
                        {
                            currentPtPrice = High[0] + ProfitTargetDistance * TickSize;
                            SetProfitTarget(CalculationMode.Price, currentPtPrice);
                        }

                    if (UseStopLoss && TrailStopLoss && Close[0] > currentSlPrice + StopLossDistance * TickSize)
                        {
                            currentSlPrice = High[0] - StopLossDistance * TickSize;
                            SetStopLoss(CalculationMode.Price, currentSlPrice);
                        }
                }​

The top loop is for the long Position and the bottom one is for the Short Position. Any feedback? I can send the entire script.

[NinjaTrader_ChelseaB]

Hello patdmoney,

It appears you haven't reversed the condition or stop price for the short position.

A short position would trail the stop when the price is less than the trigger price distance (reverse of a long position where the trail would occur when the price has risen above the trigger price).
Further, a buy stop order would need to be placed above the market price, and not below.

I recommend that you print all of the values to the output window and enable TraceOrders to understand further.

https://ninjatrader.com/support/forum/forum/ninjatrader-7/strategy-development-aa/99209-date-conditions-not-working?p=791121#post791121

[patdmoney]

Thank you. I fixed it