How to reset stop loss price/offset value

[mbesha]

According to the nt7 documentation, when using SetStopLoss() to dynamically change the stop loss price in the strategy OnBarUpdate() method, the stop loss price/offset value should always be reset when the strategy is flat. Question is how exactly do you do that? The method generates a stop loss order but I would like to reset the stop loss price/offset value without generating an order. Should I use a variable as the value parameter for the method and set the value of that variable when the strategy is flat or is there another way to go about it? Any help is welcome (a simple code sample would be greatly appreciated).

[NinjaTrader_ChelseaB]

Hello mbesha,

This means call SetStopLoss() when flat to a reasonable price or distance before placing a new order.

Below is a link to an example.

https://ninjatrader.com/support/forum/showthread.php?p=478604#post478604