stoploss = 50% of the previous bar size.

[micaeliglesias]

Good morning, can anyone think how to create in startegy builder the following logic:

stoploss = 50% of the previous bar size.

Thank you very much for possible ideas.

[NinjaTrader_Jesse]

Hello micaeliglesias,

When you say 50% of the bar size what specifically do you mean? Is that to place the order at the 50% price in the middle of the bar?

[micaeliglesias]

Hi Jess,
I want to be able to automatically add a stop the size of half of the bar that just closed.
i.e. if an entry condition is given and the bar that just closed is 10 ticks. i want the stop to be placed automatically at 5 ticks (half/(50%)).
thanks
(in startegy builder if possible)

[NinjaTrader_Jesse]

Hello micaeliglesias,

If you are manually coding that type of math is possible. To get the previous bars difference in an amount of ticks you could use this equation:

double previousTicks = (High[1] - Low[1]) / TickSize;

[NjTMatthew]

Alternatively, you could set the stop loss to an exact price using one of the following:

double ExitPrice = (High[1] + Low[1]) / 2;

gives the price that is the exact middle of the entire bar, or

double ExitPrice = (Open[1] + Close[1]) / 2;

gives you the price which is the middle of the candle portion of the bar.