Using Candle Hi/Lo for SL

[bdrex95]

Hello - I did a search but couldn't find an answer for this. Sorry if this is already addressed elsewhere and I missed it. I am trying to use the candle low (in a long entry) as my SL. I was able to use a break of the candle high for entry (see screenshot):


This logic works great for entry. However, I can't seem to get similar logic to work for SL. Here is the screenshot for SL:


The strategy does not enable when I use this SL. If I remove the SL, the strategy enables and the entry and TP function perfectly. Any advice would be greatly appreciated!

[NinjaTrader_Emily]

Hello bdrex95,

Thank you for your post.

The Strategy Builder only allows static values on the Stops and Targets screen and would not have access to the Low price for a specific candle. For dynamic prices, you must use an unlocked strategy or in the Strategy Builder you can do a workaround of setting up your exits in the Conditions and Actions via Exit() orders rather than Set() orders. There are some examples that use dynamic exit orders for the stop loss. The point of these examples is to implement breakeven and trailing stop behaviors in the builder, though the same ideas of dynamic exit orders could be used to set the order price to the Low of a designated candle:

https://forum.ninjatrader.com/forum/suggestions-and-feedback/suggestions-and-feedback-aa/103992-request-breakeven-functions-in-strategy-builder#post806596

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