Send stop order within same bar as entry

[laparker]

I have a strategy that works on CalculateOnBarClose=true. When it enters an order (mkt) at the next bar open, the strategy waits until the next bar to enter a stop order using ExitLong(Short)Stop(). Is there a simple way of sending a stop order when the entry order is filled? I don't use SetStopLoss() because the value is based on ATR and thus not fixed for the whole strategy.

-thanks

[NinjaTrader_Bertrand]

laparker, I think you could still use SetStopLoss with the ATR value in the OnBarUpdate() then for this. Another solution is to move this to the OnExecution() to send the stop once the entry order is filled -

http://www.ninjatrader-support2.com/vb/showthread.php?t=7499

[laparker]

thanks Bertrand - I will experiment with using SetStopLoss(). One question I have, how do I reset this order for the next entry so it doesn't trigger before I have placed the new stop loss?

-thanks

[NinjaTrader_Bertrand]

Just reset to a default value once flat like shown in the sample I referenced earlier in this thread.

[laparker]

Bertrand - your example relates to using OnExecution() which would be a big code change and learning curve for me. Using SetStopLoss() looks like I can keep within OnBarUpdate() but I don't see how to cancel the previous SetStopLoss(). Do I include a new SetStopLoss() order when flat and before the new entry order and if so, what do I use as the value?

-thanks

[NinjaTrader_JoshP]

You cannot cancel a previous Set() order. All you can do is change the value you will be submitting the stop at prior to your next entry.