How SetStopLoss works?

[ELabunsky]

Hi,

I have a small question. I'm running FDAX automated trading system on VELOCITY and set SetStopLoss (CalculationMode.Price, 15); in Initialize().
Inside the system I have full control and my stop is less than 15 (Am I right SetStopLoss (CalculationMode.Price, 15); mean stop loss 15 points?). But I should be sure that if internet connection closed by any reason in this case VELOCITY will closed opened position. Is it right way call SetStopLoss for my purpose?

Regards,
Eugene.

[NinjaTrader_Bertrand]

Hi ELabunsky,

If you want to dynamically change your stoploss, it is recommended to call SetStopLoss in the OnBarUpdate().

If you use it in the calcuation mode 'price', it will use the trading price of your symbol as stop value, please also review this link here - http://www.ninjatrader-support.com/H...tStopLoss.html

What happens when your internet connection drops, depends on where your orders are residing, please check this link - http://www.ninjatrader-support2.com/...ead.php?t=5349

[ELabunsky]

Bertrand,
Am I right I need ask VELOCITY does EUREX supports OCO (One Cancels Other) functionality? And call SetStopLoss in Initialize() is guaranty OCO usage ? I like notice I'm using my own stop rules in onMarketData() and I need guaranty close position only when connection lost.
Regards,
Eugene.

[NinjaTrader_Bertrand]

Hi Eugene,
Yes, please check with Velocity directly where your orders for the Eurex are held.

If I am not mistaken Eurex supports OCO features with the release 11 update.

[ELabunsky]

Thank you. I'll ask.