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How to place an initial stop?

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    How to place an initial stop?

    Hello i used following code to place an initial stop with the variable initialstop being an int with 30 ticks as default setting:

    if (order.Action==Action.Buy &&
    order.OrderState==OrderState.Filled

    )
    {

    SetStopLoss("long", CalculationMode.Ticks, initialstop, false);

    }

    when there is a long trade the position gets immediatly terminated, and NT reports in the execution list that a stop was rejected (the stop price NT tried to place was the exact entry price of the last long trade which was higher than todays entry price)

    so would i have to place a stoploss order properly?

    #2
    Hi tradereight, if you have a static Stop Loss you should put it into the Initialize() section of your code, if you vary it dynamically the OnBarUpdate() is good, however take proper care to reset your Stop Loss to your defaults once you are flat - the reference sample may be of help > http://www.ninjatrader-support2.com/...ead.php?t=3222

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