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Handling Stop Loss Orders

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    Handling Stop Loss Orders

    I've been struggling with order handling for a strategy that I'm working on.

    The problem arises when I scale out of a position (ex. long two contracts and then I cover one contract) and the associated stop loss order. I was under the assumption that if you place a stop loss order with the same entry signal (fromEntrySignal) then when a position is adjusted the stop order is automatically adjusted but it doesn't seem to be working that way.

    Here's an example:

    1) I go long 2 contracts: EnterLong(2, _lastSignal);
    2) Immediately following the "EnterLong" line of code, I place a stop loss: SetStopLoss(_lastSignal, CalculationMode.Ticks, 4, true);
    3) After x ticks in profit, I cover 1 contract: ExitLong(1, "Trim" + CurrentBar, _lastSignal);

    The problem I'm having is that the original stop loss order still reflects 2 contracts, so when it gets hit, I then get placed into a short position because the stop loss order was not adjusted to 1 contract.

    Is there a way to cancel a pending stop loss order? Or a way to adjust it?

    Any help would be greatly appreciated.

    #2
    troy_xp, the best would be to scale in with your entries (2 separate orders) to scale out later - http://www.ninjatrader-support2.com/...ead.php?t=3751

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