auto reverse trade when stop loss of open position is triggered

[konganda]

do you perhaps have a ninjascript code that i can use in my strategy, where once i place a marketbuyorder order marketsellorder with defined takeprofits and stop losses, once the stop loss is triggered, it immediately enters the same trade with same take profit and stop loss but in reverse direction? Thanks in advance

[NinjaTrader_Jesse]

Hello konganda,

I am not aware of a specific working example of that but you can drive your strategies logic by using the OnExecutionUpdate override. That override shows any executions for orders that your strategy submits. You could use the fill event for the target to submit a new entry in the opposite direction.

If this is something you wanted to try and make yourself a good starting point is to learn about the order events. You can find an example of making a strategy that uses its OnOrderUpdate and OnExecutionUpdate events here: https://ninjatrader.com/support/help...and_onexec.htm