SetStopLoss

[alabell]

Is this method always a closeout?

For some reason, when I am entering two trades in the same stock

(lets call them long1 and long2)...

When the trigger for StopLoss on long2 (a dynamic Moving Average CrossBelow) occurs, my entire position is closed, including both

-- long2 (which is correct)

-- and long1 (which is wrong, this portion of the strategy has its own StopLoss price which is substantially lower).

I have my Strategy UI set to "PerEntryExecution" so I am confused as to why this is happening.

Thanks and regards,

Andrew

[NinjaTrader_Joydeep]

Hello Andrew,
You need to refer to the order handling method and not the order submission methods to link the stops / target with the entry.

Please assign a unique name while submitting the entry order and refer to that order name to your stop.

For example if you are submitting the 2 entry order as

if (condition)
{
   EnterLong("Long1");
}
if (condition 2)
{
    EnterLong("Long2");
}


//and set the stop as
SetStopLoss("Long1", CalculationMode.Ticks, 10, false);  //10 tick stop for Long1
SetStopLoss("Long2", CalculationMode.Ticks, 15, false);   //15 ticks stop for Long2

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?entryhandling.htm

[alabell]

TY Joydeep I have done this already here is the toy code.


Entry 1:

if ((Closes[2][0] <= support * (1 + pricePremium)) 
&& (Closes[2][0] >= support)

{

EnterLongLimit(2, true, shareQuanity, (support * (1 + pricePremium)), "BuyLong1");

SetProfitTarget("BuyLong1", CalculationMode.Price, (support * (1 + pricePremium)) + ProfitCalc);

SetStopLoss("BuyLong1", CalculationMode.Price, (support * (1 + pricePremium)) - stopLossCalc, false);

}

Entry 2:

if(CrossAbove(Closes[2], movingAverage, BarsSinceEntry(2, "BuyLong2", 1))))	
							
{
	EnterLong(shareQuantity, "BuyLong2");
		


              SetProfitTarget("BuyLong2", CalculationMode.Price, (support * (1 + pricePremium)) + ProfitCalc);
								
              SetStopLoss("BuyLong2", CalculationMode.Price, (movingAverage - 0.02), false);
							
}

What have I missed?

[NinjaTrader_Joydeep]

Hello Andrew,
The Set() method will work for orders submitted on the primary bar only.

Since you are submitting the order on a secondary bar the Set() methods will not work as per your desire. In such scenario please use the Exit() methods.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?exitlongstop.htm