Set stop loss and profits fixed when static mode activated

[tradingnasdaqprueba]

Hello Ninjatrader Team!

I am developing a strategy for RENKOBARS 10/5 in which the entry is made when the price breaks the Swing indicator, buying above and selling below. The Stop is set with a limit order which trails as the indicator moves (TRAILING MODE). Additionally, a Fibonacci retracement is drawn in the space between the upper and lower Swing(see image). Finally, the Profit has been calculated at Fibonacci levels of 25% and 61.8% (2 contracts) OR 61.8% and 100% (defined by user).

Also I have created a STATIC MODE so when true, the stop loss and profits are fixed so that even though the swing indicator upsates, they remain fixed at the entry point swing.

I tried to do this with a bolean called StopLossSet = False and set to true when the entry has been made. I didnt set up the Profits to be static because I couldnt make the stop to work... see in the image how the stop and profits are being recalculated as the new swings come up...

How can I do this? How can I block the values updating? Please take be aware that I ONLY want this when the STATIC MODE is True, if it's False then it will update the Stop with the new swings that come up (TRAILING MODE).

I attach the complete strategy without the bolean.

Here the code I made with the bolean:

// Set 15 / LONG ===>  SWING            

            if ((Close[0] > Open[0])
                 && (Close[1] > Open[1])
                 && (Close[2] > Open[2])
                 && (Swing1.SwingHigh[2] > Close[2])
                 && (Swing1.SwingHigh[1] < Close[1])
                 && (Close[0] > Swing1.SwingHigh[2])
                 && (Buy_activar == true)
                 && (Times[0][0].TimeOfDay >= Hora_inicio.TimeOfDay)
                 && (Times[0][0].TimeOfDay <= Hora_cierre.TimeOfDay)
                 && (Trade_1 == true)
                 && (Trade_2 == true)                
                 && (Filtro_momentum == false)                
                 && (Cruce_EMAS    == false)
                 && (Entrada_PSAR    == false)
                 && (Entrada_Swing    == true)
                 && (stopLossSet == false)
                )
            {
                EnterLong(Ncontratos_trade1, @"EntryLong1");
                EnterLong(Ncontratos_trade2, @"EntryLong2");
                
                Draw.FibonacciRetracements(this, @"BuscandoLaVelaR3 Fibonacci retracements_1", true, 0, Swing1.SwingLow[0], 0, Swing1.SwingHigh[0]);
                
                LimiSupFB = (Swing1.SwingHigh[0]);
                LimInfFB = (Swing1.SwingLow[0]);
                RangoFB = LimiSupFB-LimInfFB;
                PS162b = Instrument.MasterInstrument.RoundToTickSize(LimiSupFB + (RangoFB*Porcentaje_fibo_TP1/100));
                PS200b = Instrument.MasterInstrument.RoundToTickSize(LimiSupFB + (RangoFB*Porcentaje_fibo_TP2/100));
                stopLossSet == true
                
            }
            
             // Set 16 / SHORT ===>  SWING
            if ((Close[0] < Open[0])
                 && (Close[1] < Open[1])
                 && (Close[2] < Open[2])
                 && (Swing1.SwingLow[2] < Close[2])
                 && (Swing1.SwingLow[1] > Close[1])
                 && (Close[0] < Swing1.SwingLow[2])
                 && (Sell_activar == true)
                 && (Times[0][0].TimeOfDay >= Hora_inicio.TimeOfDay)
                 && (Times[0][0].TimeOfDay <= Hora_cierre.TimeOfDay)
                 && (Trade_1 == true)
                 && (Trade_2 == true)            
                 && (Filtro_momentum == false)                
                 && (Cruce_EMAS    == false)
                 && (Entrada_PSAR    == false)
                 && (Entrada_Swing    == true)
                 && (stopLossSet == false)
                )
            {
                EnterShort(Ncontratos_trade1, @"EntryShort1");
                EnterShort(Ncontratos_trade2, @"EntryShort2");
                
                Draw.FibonacciRetracements(this, @"BuscandoLaVelaR3 Fibonacci retracements_1", true, 0, Swing1.SwingLow[0], 0, Swing1.SwingHigh[0]);
                LimiSupFB = (Swing1.SwingHigh[0]);
                LimInfFB = (Swing1.SwingLow[0]);
                RangoFB = LimiSupFB-LimInfFB;
                PS162s = Instrument.MasterInstrument.RoundToTickSize(LimInfFB - (RangoFB*Porcentaje_fibo_TP1/100));
                PS200s = Instrument.MasterInstrument.RoundToTickSize(LimInfFB - (RangoFB*Porcentaje_fibo_TP2/100));
                stopLossSet == true
            }    ​

            // Set 39 - 2 LONG - SWING - STATIC MODE

            if (
                (SL_Swing == true)
                && (SL_Psar == false)
                && (SL_TssuperTrend == false)
                && (Position.MarketPosition == MarketPosition.Long)
                && (Trade_1 == true)
                && (Trade_2 == true)
                && (Modo_estatico == true)
                && (Modo_trailing == false)
                && (stopLossSet == true)
                )
            {
                ExitLongStopMarket(Convert.ToInt32(Ncontratos_trade1), LimInfFB, @"StopLong1", @"EntryLong1");
                ExitLongStopMarket(Convert.ToInt32(Ncontratos_trade2), LimInfFB, @"StopLong2", @"EntryLong2");
                
            }
            
             // Set 40 - 2 SHORT - SWING - STATIC MODE
            if (
                (SL_Swing == true)
                && (SL_Psar == false)
                && (SL_TssuperTrend == false)
                && (Position.MarketPosition == MarketPosition.Short)
                && (Trade_1 == true)
                && (Trade_2 == true)
                && (Modo_estatico == true)
                && (Modo_trailing == false)
                && (stopLossSet == true)
                )
            {
                ExitShortStopMarket(Convert.ToInt32(Ncontratos_trade1), LimiSupFB, @"StopShort1", @"EntryShort1");
                ExitShortStopMarket(Convert.ToInt32(Ncontratos_trade2), LimiSupFB, @"StopLong2", @"EntryLong2");
                        
            }    ​


                
                
            }​

[NinjaTrader_ChelseaB]

Hello tradingnasdaqprueba,

Just to check, is the Modo_estatico bool the static bool?

Submit the exit orders from OnExecutionUpdate() when the entry order fills.

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

Below is a link to an example ProfitChaseStopTrailExitOrdersExample.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/platform-technical-support-aa/97419-priceos-cs-expecting?p=802269#post802269

In OnBarUpdate() require Modo_estatico to be false to update the price of the exit orders.

[tradingnasdaqprueba]

Hello Chelsea,

Yes, the Modo_estatico bool is the static bool that I use.

Could you please make a simple example of this?

Thanks!!!

[NinjaTrader_ChelseaB]

Hello tradingnasdaqprueba,

The ProfitChaseStopTrailExitOrdersExample does provide an example of this, though the logic is somewhat different. Instead of a Modo_estatico that prevents the updating of the stop price, it uses a TrailStopLoss to allow the updating of the stop price.

On line 237 the exit stop is submitted in OnExecutionUpdate().
On lines 359 to 362 the TrailStopLoss is declared. On line 198 to 204 if TrailStopLoss is true the exit stop price is updated in OnBarUpdate().

[tradingnasdaqprueba]

Hello Chelsea,

I don´t have too much experience with OnExecutionUpdate(). Could you please give me some tips how should I change my code to accomplish this?

Thanks a lot!

TN

[NinjaTrader_ChelseaB]

Hello tradingnasdaqprueba,

Below is a link to the help guide on OnExecutionUpdate().

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

This override method runs when an order fills (an execution). OnExecutionUpdate() should be declared in the scope of the class.
Check the execution.Name to ensure this is the entry order.

Model your code after the example I have provided you.