Set trailstop to 0?

[funk101]

Is that valid? My inital trail stop is 12. However, if the order goes against my trade, can I set trailstop to zero? I want out *immediately*, I've tried ExitLong/Short() but I'm not happy with the fill. Right now I set to 1, I tried 0 seems to work, was wondering if that was just by chance.

[NinjaTrader_Dierk]

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Should work, we have not tested though.

[NinjaTrader_Ray]

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However, I would not suggest this approach since at a value of zero, the trail stop running with CalculateOnBarClose = false will trail the last traded price, there is an extremely high chance the trail stop will be modified to an invalid price and rejected by the exchange and possibly terminating your strategy due to an order generated error.

Ray

[funk101]

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So, what would be the best way out when I want out right at that moment?

[NinjaTrader_Ray]

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There is no choice but to go to Market via ExitLong/Short. Even if you could move the stop to a valid price, you will also get out at market so the exit price should be the same in both cases.

[funk101]

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Yeah, from my tests, ANYTHING but ExitLong/Short() yields a better fill. That shouldn't be I understand. This is with MarketReplay replay'd with the different settings each time.

[NinjaTrader_Ray]

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You could use SetProfitTarget() and modify this order's price below market when long in order to get filled right away. Just have an initial target price far outside since the only purppose for this is to exit the market quick.

Ray

[funk101]

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Ah! Didn't think of that one. I have a 30 point target(wishful thinking) built-in as it turns out. I'm gonna have-at-it! Thanks.

[KBJ]

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Why would SetProfitTarget fill better than ExitLong/ExitShort?

Would ExitLongLimit/ExitShortLimit work as well as SetProfitTarget?

KBJ

[funk101]

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Well, I'm trying this now, 'cause'n the other ain't workin'...could be me, not sure yet.

[funk101]

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Question, what is "fromEntrySignal"?

[NinjaTrader_Dierk]

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... refers to the entry signal which could be tagged like e.g. "Entry1". fromEntrySignal then could be "Entry1" to exit the position tagged by "Entry1".

[funk101]

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how's that diff. from "signalName"? ie:

EnterLongLimit(numContracts, Low[0], "mySignalName");

That's how my orders get entered.

so, ExitLongLimit(numContracts, Close[0], "mySignalname", ??);

where does "fromEntrySignal" get generated?

[NinjaTrader_Dierk]

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http://www.ninjatrader-support.com/HelpGuideV6/ExitLongLimit.html

Note: signal names are case sensitive: mySignalName!= mySignalname

[funk101]

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That was a typo. My question is, if you look at the help guide under EnterLongLimit() there is no overload that includes "fromEntrySignal", so, hence my question, where does that get assigned?...what am I missing?