Take action on incoming tick

[lvaduva]

What command can I use to move my stop loss to breakeven once price profits 4 ticks? I have the logic included below, but I do not want to wait for bar to close before my stop loss gets modified. I want stop loss to move to break even as soon as price touches 4 tick profit (rather than wait for bar to close). Is there a way to do this?

if (Position.MarketPosition == MarketPosition.Flat)
{
SetStopLoss(CalculationMode.Ticks, 8);
}

// If a long position is open, allow for stop loss modification to breakeven
elseif (Position.MarketPosition == MarketPosition.Long)
{
// Once the price is greater than entry price +4 ticks, set stop loss to breakeven
if (High[0] > Position.AvgPrice + 4 * TickSize)
{
SetStopLoss(CalculationMode.Price, Position.AvgPrice);
}
}


}

[NinjaTrader_Ben]

Hello,

Do you have CalculateOnBarClose set to false in your initialization?

[lvaduva]

I can try that. There are some parts of the code that I want calculated only upon bar closing, except for this part. Is there way to do that. An example is initiating a trade only once bar closes, but moving my stop loss to breakeven once 4 tick profit is touched.

[NinjaTrader_Ben]

Hello,

Then I would use FirstTickOfBar to trigger these 'on bar close' actions:

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