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Trailing Stop - how to use by trading futures
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Trailing Stop - how to use by trading futures

  #1 (permalink)
Elite Member
Malchow (Meckl.)
 
Futures Experience: Intermediate
Platform: NinjaTrader, TWS
Favorite Futures: Stocks
 
Posts: 17 since Mar 2011
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Trailing Stop - how to use by trading futures

Hallo,

this is a piece of my code im using in my strategy (LONG):

if (WMA(Weighted, 20)[0] > WMA(Weighted, 50)[0]
&& Low[0] > WMA(Weighted, 20)[0]
&& WMA(Weighted, 20)[0] > WMA(Weighted, 20)[4]
&& Close[0] > Swing(5).SwingHigh[0])
{
EnterLong(DefaultQuantity, "Long");
BarColor = Color.CornflowerBlue;
CandleOutlineColor = Color.CornflowerBlue;
BackColor = Color.MidnightBlue;

Im trading DAX-, Dow Jones- and Bund - Future.

My question is:

How can i set the the trailingstop correctly?
My favourite trailing stop ist the last swing point (Swing.Low or .High like in the code above)
LONG : ever when the next swing.low ist passed - this ist the next SL.
SHORT vice versa.

Thanks for your help
Blackburn

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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
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I haven't used Ninja in well over a year, but you've checked out SetStopLoss() right? You would just set it to CalculationMode.Price, and the price would be based on your indicator value.

Mike

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