IOrders TrailStop

September 27th, 2010, 07:42 AM

I'm sure there is already an elegant solution to this, but what are those of you using IOrders in Ninja doing for a TrailStop?

I came up with this which runs in OnBarUpdate:

Code

if (Position.MarketPosition == MarketPosition.Long)
{
int myHi = HighestBar(High, BarsSinceEntry(0, "Entry 1a",0));
double myValueLong = High[myHi];
double stopValueLong = myValueLong - stopLoss * TickSize;

stopOrder1 = ExitLongStop(stopValueLong, "MyTrailStop", "Entry 1a");
}

Which kind of works... but what has been working well for others? Thanks!

January 13th, 2012, 07:42 AM

MXASJ

I'm sure there is already an elegant solution to this, but what are those of you using IOrders in Ninja doing for a TrailStop?

I came up with this which runs in OnBarUpdate:

Code

if (Position.MarketPosition == MarketPosition.Long)
{
int myHi = HighestBar(High, BarsSinceEntry(0, "Entry 1a",0));
double myValueLong = High[myHi];
double stopValueLong = myValueLong - stopLoss * TickSize;

stopOrder1 = ExitLongStop(stopValueLong, "MyTrailStop", "Entry 1a");
}

Which kind of works... but what has been working well for others? Thanks!

MXASJ Did you come up with any other solutions?

Thanks,

January 13th, 2012, 07:58 AM

This is also what I do. I don't see why its not the best solution possible.
Only one correction:
I believe that it changes the actual stop order, then don't give it a new name "MyTrailStop", in live trading it won't work.

IOrders TrailStop

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IOrders TrailStop