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How to set a dinamic stop loss based on percent


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How to set a dinamic stop loss based on percent

  #11 (permalink)
Astrogirl
Milan/Italy
 
Posts: 51 since Oct 2013
Thanks Given: 25
Thanks Received: 12


Astrogirl View Post
Now I'm trying to use a trailing stop instead a stop loss. I am using this code:


else if (Position.MarketPosition == MarketPosition.Long && Median[0] == targetstep1)

{
SetTrailStop("", CalculationMode.Price, trailing1, false);
}


instead of:

{
SetStopLoss("", CalculationMode.Price, trailing1, false);
}


("targetstep1" is a determineted target price level and "trailin1" is an integer variable of a stop price)

It doesn't work... what's wrong with me?!


My assumption is that a trailing stop is not compatible with the stop loss already present in the strategy.

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  #12 (permalink)
 
gregid's Avatar
 gregid 
Wrocław, Poland
 
Experience: Intermediate
Platform: NinjaTrader, Racket
Trading: Ockham's razor
Posts: 650 since Aug 2009
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@Astrogirl
Again refer to NT help guide and you will see that:


Quoting 
Note: CalculationMode.Price is irrelevant for trail stops

Here is the direct link to this info:
NinjaTrader Version 7

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Last Updated on October 20, 2013


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