CalculationMode.Price

[mrmistermike2016]

Can I use CalculationMode.Price with currencies when calling SetStopLimit or SetProfitTarget? Or do I have to use CalculationMode.Pips?

What is the best method of performing pip math in Ninja? Example:

Open: 1.3550
Stop: 1.3500

The bar closes @ 1.3675 and I want to move the stop to 1.3625.

Thanks!!

[NinjaTrader_PaulH]

Hello mrmistermike2016,

Thanks for your post.

Yes, you can use any of the CalculationModes.

I'm not sure I understand your question regarding pip math but if you want the stop to be at 1.3625 then you can use SetStopLoss (CalculationMode.Price, 1.3625);

[mrmistermike2016]

I thought I had to use TickSize in order to derive the new prices. So, this works with currencies? Does it work when the TickSize is .00001?

Thanks in advance.

[NinjaTrader_PaulH]

Hello mrmistermike2016,

Thanks for your reply.

When you use Mode.Price you specify the price

When you use Mode.Ticks, you specify the number of Ticks

When you use Mode.Pips, you specify the number of Pips

Examples

SetStopLoss (CalculationMode.Price, 1.3625); // sets stop at a specific price value

SetStopLoss (CalculationMode.Ticks, 20); // sets a 20 tick stop loss from the entry.

SetStopLoss (CalculationMode.Pips, 2); // sets a 2 Pip stop loss from the entry.