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Ninjatrader Strategy Builder Trailing Stop
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Ninjatrader Strategy Builder Trailing Stop

  #1 (permalink)
Elite Member
Colorado Springs, Colorado
 
Trading Experience: Advanced
Platform: NinjaTrader
Favorite Futures: CL
 
Posts: 4 since Feb 2015
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Ninjatrader Strategy Builder Trailing Stop

I am new to using the Strategy Builder in Ninjatrader. I have built a simple strategy and trying to set up a trailing stop.

I highlighted the trailing stop chose ticks for the mode and 5 for the value.

The stop trailed price and when the market retraced and hit the stop it disappeared from chart trader but did not close the position.

I have been looking for a week trying to find the problem and having no luck.

Any help will be appreciated

Mike

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  #2 (permalink)
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  #3 (permalink)
Super Moderator
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mstuhr View Post
I am new to using the Strategy Builder in Ninjatrader. I have built a simple strategy and trying to set up a trailing stop.

I highlighted the trailing stop chose ticks for the mode and 5 for the value.

The stop trailed price and when the market retraced and hit the stop it disappeared from chart trader but did not close the position.

I have been looking for a week trying to find the problem and having no luck.

Any help will be appreciated

Mike

Hi Mike,

Your best bet is

http://ninjatrader.com/support/forum/index.php

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  #4 (permalink)
Elite Member
Austin, TX
 
Trading Experience: Intermediate
Platform: NT8
Favorite Futures: EU, SP, Crude CL
 
Posts: 77 since Jul 2018
Thanks: 27 given, 49 received

The Trailing Stop works well in strategies most of the time, but not always. Here's why:

When manually trading we will sometimes drag the stop near the current price if we think the market run is about to end. We're willing to take profits and reduce the risk of the market turning against us.

But if we drag the stop a little to close to the bid/ask price then Ninjatrader will reject the move. It just won't let you move it that close.

The trailing stop within a strategy can encounter the same type of rejection. There is a delay between a price move in your favor by one tick and the actual trailing stop moving that same tick. If during that delay the price swings back against you then the trailing stop gets into the bid/ask area, generating an error.

Technically, when that error is generated the system knows to do two things:
[1] Exit the trade
[2] Pause the strategy

But it doesn't always exit the trade for some reason. It's a glitch. I've seen it exit the trade like it is supposed to, but far more often it just leaves you hanging.

I've walked away from the computer (in SIM) only to come back to see I'm still in a trade but the strategy is paused. The only way out is to turn on the chart trader (or DOM) and manually get out of the trade.

Bottom line, don't use a trailing stop in a strategy or you will get burned. It's a shame because I'd love to be able to use it.

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bid/ask, chart trader, dom, error, information, ninja, ninjascript, ninjatrader, ninjatrader strategy, sim, sim_trading, strategies, strategy, support, tick, trading, trailing stop, type

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