Set stop at latest swing low. Gives not correct results.

[wuannetraam]

I am working on a strategy where I place a Stoploss at the last swing low. The entry condition right now is a simple close above the EMA. Just for testing purposes.

This is the code I have setup:

protected override void OnBarUpdate()
{
     if (BarsInProgress != 0 || CurrentBars[0] < BarsRequiredToTrade)
     {
        return; // Wait until there are enough bars
     }
    
    if (Position.MarketPosition == MarketPosition.Flat && Close[0] > EMA1[0])
    {
        EnterLong(Convert.ToInt32(DefaultQuantity), "LongEntry");
        SetStopLoss(CalculationMode.Price, Swing(5).SwingLow[0]);  
     }
}​

If I test it in Strategy Analyser I get this (see attachments).

I have plotted a Swing indicator on my chart with the strength of 5

private EMA EMA1;
        private Swing swingLowIndicator;
        private Swing swingHighIndicator;​

else if (State == State.DataLoaded)
            {                
                EMA1= EMA(Close, 21);
                EMA1.Plots[0].Brush = Brushes.Goldenrod;
                AddChartIndicator(EMA1);
                
                swingLowIndicator = Swing(5);  // Swing indicator with a strength of 5
                swingHighIndicator = Swing(5);  // Swing indicator with a strength of 5
                AddChartIndicator(swingLowIndicator);
                AddChartIndicator(swingHighIndicator);
                
                
                SetProfitTarget("", CalculationMode.Ticks, 90);    
            }​

As you can see on the images is that the Last Swing Low is not being used for the Stop Loss placement.
Can anyone help me out with this setup?

[NinjaTrader_ChelseaB]

Hello wuannetraam,

The Swing does change its values historically. Where a bar may not have had a swing value as that bar was processed, later this bars value may be changed and may show a value.

When the entry is made, the swing high or low might not have a value.

The help guide provides sample code on printing the high of the bar with the most recent swing high.

From the help guide:
Print("The high of the swing bar is " + High[Math.Max(0, Swing(5).SwingHighBar(0, 1, 10))]);

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

I would also recommend printing the time of the high swing bar (and the time of the current bar) to show which bar the value is pulled from.

Print(string.Format( "CurrentBar Time: {0}, SwingHighBar: {1}, SwingHighBar Time: {2}, High[{1}]: {3}", Time[0], Swing(5).SwingHighBar(0, 1, 10), Time[Math.Max(0, Swing(5).SwingHighBar(0, 1, 10))], High[Math.Max(0, Swing(5).SwingHighBar(0, 1, 10))] ));

[wuannetraam]

Hello wuannetraam,

The Swing does change its values historically. Where a bar may not have had a swing value as that bar was processed, later this bars value may be changed and may show a value.

When the entry is made, the swing high or low might not have a value.

The help guide provides sample code on printing the high of the bar with the most recent swing high.

From the help guide:
Print("The high of the swing bar is " + High[Math.Max(0, Swing(5).SwingHighBar(0, 1, 10))]);

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

I would also recommend printing the time of the high swing bar (and the time of the current bar) to show which bar the value is pulled from.

Print(string.Format( "CurrentBar Time: {0}, SwingHighBar: {1}, SwingHighBar Time: {2}, High[{1}]: {3}", Time[0], Swing(5).SwingHighBar(0, 1, 10), Time[Math.Max(0, Swing(5).SwingHighBar(0, 1, 10))], High[Math.Max(0, Swing(5).SwingHighBar(0, 1, 10))] ));

thank you. That makes sense. Is there a way to update the stop loss to a newer swing low? with the condition that the newer swing may not be after the entry time. So only the new lows before entry time.

[NinjaTrader_ChelseaB]

Hello wuannetraam,

You can call SetStopLoss() again when the SwingHighBar() updates to a new value. Each time you call SetStopLoss() it will update to the new price or distance.