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Help Coding Trailing stoploss in Strategy


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  #1 (permalink)
Darshiit
India
 
Posts: 29 since Oct 2009
Thanks Given: 32
Thanks Received: 22

Dear Fellow boarders,

This is a wonderful forum for ninja scripting .

I've gone through couple of vids and posts here for how to code a trailing stoploss indicator.

But i m not understanding where i m mistaking.

I tried out many possible things. This is the code Which i find should work. But its not working either on charts or in backtesting.

 
Code
protected override void Initialize()
        {
            
            EntryHandling    =    EntryHandling.UniqueEntries;
            

            CalculateOnBarClose = true;
        }

       
        private void ManageOrders()
        {
            {
                if (Position.MarketPosition == MarketPosition.Flat)
                    return;
            }
            {
                if (Position.MarketPosition == MarketPosition.Long)
                    LongTrails();
            }
            {
                if (Position.MarketPosition == MarketPosition.Short)
                    ShortTrails();
            }
            
        }
        
        private void LongTrails()
        {
            {
                if (Close[0]< Position.AvgPrice )
                {
                    if (Close[0]<Position.AvgPrice - (stopTicks*TickSize))
                        ExitLong();
                }
                
                if (High[0] > Position.AvgPrice + (target1*TickSize))
                {
                    if (Close[0] < Position.AvgPrice + (be*TickSize))
                        ExitLong();
                }
                
                if (High[0] > Position.AvgPrice + ((target1+target2)*TickSize))
                {
                    if (Close[0] < Position.AvgPrice + (target1*TickSize))
                        ExitLong();
                }
                
                if (High[0] > Position.AvgPrice + ((target1+target2+target3)*TickSize))
                {
                    if (Close[0] < Position.AvgPrice + (target2*TickSize))
                        ExitLong();
                }
            }
            
        }
        
        private void ShortTrails()
        {
            {
                if (Close[0]> Position.AvgPrice )
                {
                    if (Close[0]>Position.AvgPrice + (stopTicks*TickSize))
                        ExitShort();
                }
                
                if (Low[0] < Position.AvgPrice - (target1*TickSize))
                {
                    if (Close[0] > Position.AvgPrice - (be*TickSize))
                        ExitShort();
                }
                
                if (Low[0] < Position.AvgPrice - ((target1+target2)*TickSize))
                {
                    if (Close[0] > Position.AvgPrice - (target1*TickSize))
                        ExitShort();
                }
                
                if (Low[0] < Position.AvgPrice - ((target1+target2+target3)*TickSize))
                {
                    if (Close[0] > Position.AvgPrice - (target2*TickSize))
                        ExitShort();
                }
            }
            
        }
        
        protected override void OnBarUpdate()
        {
            
            EntryHandling    =    EntryHandling.UniqueEntries;
            
            
            // Condition set 1
            if (//Condition for  Short Orders// )
            {
                DrawArrowDown("My down arrow" + CurrentBar, false, 0, 0, Color.Red);
                EnterShort(DefaultQuantity, "s");
            }

            // Condition set 2
            if (// Condition for Long Orders//)
            {
                DrawArrowUp("My up arrow" + CurrentBar, false, 0, 0, Color.Lime);
                EnterLong(DefaultQuantity, "b");
            }
            ManageOrders();

        }
where be , target1 , target2 & target3 r declared as integers.

Seniors , Please excuse my ignorance to ninjatrader as i m newbie towards it.

Thanks,
Darshiit


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  #3 (permalink)
Darshiit
India
 
Posts: 29 since Oct 2009
Thanks Given: 32
Thanks Received: 22


I forgot to mention on above post that , Using this code i m able to get initial stop , but not able to get trailing stop.


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  #4 (permalink)
 bukkan 
Calcutta, India
 
Experience: Intermediate
Platform: ArthaChitra
Posts: 278 since Jun 2009
Thanks Given: 161
Thanks Received: 271

the code dosnt have any code for Traial stop loss. for trial stop you got to set SetStopLoss(...) or SetTraialStop(...)

ExitLong or Exit Short is used to exit the postion and not to set stop.


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Last Updated on June 25, 2010


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