help on SetProfitTarget/StopLoss/TrailStop

[toyogo00]

Hi,

I'm trying to do this with one cancel another if filled:

a. Set profit target at 300 pips
b. Set initial stop loss at 50 pips (upon entry, it goes up/down 50pips)
c. Set trailing stop loss at 100 pips (after it runs)

I uses the following commands:

SetTrailStop("EntSet1", CalculationMode.Ticks, 100, false);
SetProfitTarget("EntSet1", CalculationMode.Ticks, 200);
SetStopLoss("EntSet1", CalculationMode.Ticks, 50, false);

However, it ignored the SetTrailStop and only recognize the SetStopLoss. If I take away, SetStopLoss, then SetTrailStop will work. Is it posible to have all 3 work together?

Regards,
Toyogo

[NinjaTrader_JoshP]

Unfortunately you cannot use SetStopLoss and SetTrailStop simultaneously on the same order. To do what you want will require you to use SetStopLoss, but modifying the order as it starts running. Please see these reference samples: http://www.ninjatrader-support.com/v...ead.php?t=3222

http://www.ninjatrader-support.com/vb/showthread.php?t=7499

The solution is a bit more on the complex end.

[toyogo00]

Hi,

Thanks. another question:

How can I run two sets of entries and setstoploss with both sets of entries are active? eg.

protectedoverridevoid Initialize()
{
SetProfitTarget("EntSet1", CalculationMode.Ticks, 200);
SetStopLoss("EntSet1", CalculationMode.Ticks, 100, false);

SetProfitTarget("EntSet2", CalculationMode.Ticks, 100);
SetStopLoss("EntSet2", CalculationMode.Ticks, 50, false);
}

protectedoverridevoid OnBarUpdate()
{
if (cond1) EnterLongLimit(DefaultQuantity, 1.4625, "EntSet1");

if (cond2)
EnterLongLimit(DefaultQuantity, 1.4732,"EntSet2");
}

[NinjaTrader_JoshP]

You will need to increase the EntriesPerDirection to 2. Alternatively you can change EntryHandling to EntryHandling.UniqueEntries. Please see: http://www.ninjatrader-support.com/H...yHandling.html

Then what you have outlined there will be needed; you need to specify unique entry names and link your SetStopLoss()/SetProfitTarget() sets to their entry names.