Update stop loss quantity after taking half trade off

[Jeremytang]

Hi I seem to be having trouble with the stop losses after taking half the trade off. The stop loss is still set to the original quantity. For example, if the following calls are made in this order:

SetStopLoss("A", CalculationMode.Ticks, 25, true);
EnterLong(2, "A");

//.... (and then some time passes and this happens when the conditions are right)

SetStopLoss("A", CalculationMode.Price, XXX, true);

// ... followed by some profit taking

ExitLong(1, "Sell Half of A", "A");

When the Stop Loss eventually gets triggered, it gets triggered with 2 contracts instead of 1, causing the net position to reverse instead of go flat.

Am I missing something? Is it supposed to automatically update the position size and set the stop loss to 1 contract after half has been sold?

Jeremy

Note: I'm using NinjaTrader 7.0 Beta 17

[NinjaTrader_RyanM1]

Hello Jeremytang,

Welcome to the NinjaTrader forums!

The exit quantity will use the quantity of the signal it's tied to with the FromEntrySignal parameter. To scale out, you should first scale in with unique entry signal names. The reference sample below can help with setting this up:

http://www.ninjatrader.com/support/forum/showthread.php?t=3751

[Jeremytang]

Thanks for the help, I managed to get something working. I take it when you submit two consecutive entry orders, I will get two separate orders submitted to the broker? Does NinjaTrader amalgamate the orders into one for the broker if they are identical orders (ie: 2 market orders).

[NinjaTrader_RyanM1]

Yes, NinjaTrader would submit two separate orders in this case. It would not amalgamate the orders.