can anyone tell me what is wrong with this logic regarding a trailing stop?

[jbays87]

I'm trying to add a trailing stop to my script manually and i cant figure out what the issue is. Every time i compile the script, all seems well, but when the orders are filled during trading hours, there is no sign of a trailing stop order opening. As a matter of fact, when I back test my script, it shows losses of >$2,000. This is extremely high relative to where my stop losses should be set initially.

Maybe I'm getting it confused. Should I add language to set an initial stop loss at a certain amount of ticks, then have a trailing stop take over?

I'm new to the Algo game, so any help would be much appreciated.

// Update trailing stop logic
if (Position.MarketPosition == MarketPosition.Long)
{
double stopPrice = Low[0] - 6 * TickSize; // Calculate 6-Tick trailing stop
if (High[0] > High[1]) // Check if current high is greater than previous high
{
stopPrice = Math.Max(stopPrice, High[0] - 6 * TickSize); // Adjust stopPrice based on current high
}
SetTrailStop(CalculationMode.Price, stopPrice);
}
else if (Position.MarketPosition == MarketPosition.Short)
{
double stopPrice = High[0] + 6 * TickSize; // Calculate 6-Tick trailing stop
if (Low[0] < Low[1]) // Check if current low is lower than previous low
{
stopPrice = Math.Min(stopPrice, Low[0] + 6 * TickSize); // Adjust stopPrice based on current low
}
SetTrailStop(CalculationMode.Price, stopPrice);
}

[NinjaTrader_Jesse]

Hello jbays87,

To know if the stop is being called you would need to add a print into this section of code to get a better idea of what is happening. You could add prints into the code below each of the SetTrailStop lines to make sure those orders get called. If you have another stop working already that may be why you are not seeing the trailing stop, a trailing stop can only be used by itself. It will be ignored if you have a stop working already.

https://support.ninjatrader.com/s/article/Developer-Guide-Debugging-using-Print-and-TraceOrders?language=en_US