Help Coding Trailing stoploss in Strategy

June 25th, 2010, 08:12 AM

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 as i m newbie towards it.

Thanks,
Darshiit

June 25th, 2010, 08:17 AM

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.

June 25th, 2010, 09:45 AM

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.

Help Coding Trailing stoploss in Strategy

Discussion in NinjaTrader

Help Coding Trailing stoploss in Strategy

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.

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.

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.