StopLoss in Initialize()

[jg123]

Hello

I was just curious to know why the wizard automatically puts the stop loss code in the Initialize() section. In my extremely limited coding experience, it seems like it is better suited in, at least, OnBarUpdate() as it would not be necessary until after a positioned has been entered.

Am I looking at this all wrong?

[NinjaTrader_ChelseaB]

Hello jg123,

Thanks for your post.

By calling SetStopLoss() and SetProfitTarget() in intialize, this allows the stop loss or profit target to be set before any order is made. Once the stop loss or profit target is set, it remains set while the strategy is running.

The Strategy Wizard is limited and only allows the stop loss to be once before the strategy begins and does not allow it to be modified after the script has started.