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I want to write a strategy for a stop loss modification.
I wrote it however it doesn't work properly. It works but has different results.
You may look it on example:
Lets say my stop loss is 4 ticks
If I have:
+5 ticks profit modify stop loss to -3 ticks loss
+6 ticks profit modify stop loss to -2 ticks loss
+7 ticks profit modify stop loss to -1 tick loss
+8 ticks profit modify stop loss to 0 tick break-even
+9 ticks profit modify stop loss to +1 tick profit
+10 ticks profit modify stop loss to +2 tick profit
+11 ticks profit modify stop loss to +3 tick profit
It check only the last bar low[0] to last entry price.
If I leave only ONE stop loss modification it works great.
+8 ticks profit modify stop loss to 0 tick break-even
It does exactly what I want.
It finds THE LOWEST LOW from my ENTRY PRICE and compared to current price.
However when I use all of them it is a mess.
If anybody knows how to help me to modify stop losses to different parameters I will only appreciate
Thanks,
Serge
Can you help answer these questions from other members on NexusFi?
You might find helpfull the code in my BOT to update the stoploss.
It is a trailing stop, but you can easily update it to what you want to do
Be carefull if you update the stoploss, once i a while you will run into the problem of 'overfill'
Then NT throws an error and the strategy stops working..
I have been trading for some time the Alpha Trading Method (and been posting trades to both the thread ATM Trading Method Vendor Free ( and my personal trading journal (.
Credit for the initial posting of the ATM method goes to JDNeeman and …
This happens when the order is modified (new order) and in the meantime it is executed
resulting in 2 times execution. The problem occurs if you change targets and stops, when
the price is close or at that level.
Agreed NinjaTrader 8 is still beta but I have encountered this issue when moving stop part of an OCO order manually on the ChartTrader - in case I move it too close to the ask / bid and in case the stop can't be set because price is already at that level then the stop gets deleted and you effectively are trading without the stop!
1) Do you modify a trailing order due to this problem?
2) I am new to this forum. Futures.io is not letting me download the sample you have provided earlier. Is there a way I can get a copy of this without being an elite member? I am still new
1) over fill, there is not much you can do about it, you can try to avoid chaning target or stop
if the price is close to the price
2) i would strongly recommend considering to become an elite member, it is only 100$ and
probably the best 100$ spend in your trading career, not for my module but for all the other premium discussions and indicators and material
