Parabolic Stop Value Field

[sclay115]

May be an easy one for some of you all, but I'm having some trouble understanding exactly what can/cannot be placed in the "value" field in the setparabolicstop function.

What I'd like it to be is a a combination of the most recent ATR value including a user definable multiplier, but when I do this, there are no orders placed so I'm assuming the strategy errors out and does not run. I see that I can set the mode to "tick" and put a value of say, 100 in there, and it's a clear 100 tick offset, but that's not really what I'd like to do. Can I use a calculation formula for the value field from the strategy builder?

This is what I am attempting to do:



This works elsewhere, but doesn't seem to behave well here...

Thanks!

[NinjaTrader_Gaby]

Hello sclay115,

Thank you for your post.

Where are you setting the parabolic stop?

If you want to use ATR(2)[0], you would not be able to do so from anywhere except OnBarUpdate(). If you're using the Strategy Builder, this would require unlocking the script.

I'm assuming the strategy errors out

Are you seeing any errors in the Log tab of the Control Center? You could confirm if there are any runtime errors by checking the Log.

[sclay115]

Hello sclay115,

Thank you for your post.

Where are you setting the parabolic stop?

If you want to use ATR(2)[0], you would not be able to do so from anywhere except OnBarUpdate(). If you're using the Strategy Builder, this would require unlocking the script.



Are you seeing any errors in the Log tab of the Control Center? You could confirm if there are any runtime errors by checking the Log.

Thanks for the reply

I'm using the strategy builder and the tab of stops and profit targets.

Okay, so that field can't be set by a formula, got it. What does that field specifically handle? And does it impact how the parabolic stop behaves once it is set? Can you give me a practical example? I see there is a field drop down for various modes, does that specifically outline what the value field does? Or does that impact all of the fields in the parabolic stop?

Can the other fields (acceleration, acceleration max, acceleration step) be set as user inputs? Or do they need to be actual numerical values?

[NinjaTrader_Gaby]

Please take a look at the Help Guide page for SetParabolicStop().

https://ninjatrader.com/support/helpguides/nt8/setparabolicstop.htm

The value parameter is the value trail stop order is offset from the position entry price. You could input an indicator value here, but only in an unlocked script.

The other fields can be set as user inputs.