SetProfit/SetStopLosss

TradingDreamer

Member

Join Date: Aug 2009

Posts: 60
#1

SetProfit/SetStopLosss

02-02-2010, 10:47 AM

Is it possible to use SetProfitTarget or SetStopLoss in OnExecution method? If I am in the market, and send a limit order in the other direction, it seems that I am immediately being set to flat because of an exiting Profit or Loss value set. I only want to change this when I execute, not at the beginning of a bar, because I won't know if I get the new trade or not. Should I change the CalculateOnBarClose to false if I can't use the SetProfitTarget in the OnExecution.
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NinjaTrader_Bertrand

NinjaTrader Customer Service

Join Date: Sep 2008

Posts: 26253
#2

02-02-2010, 11:09 AM

TradingDreamer, the Set() methods would not return an IOrder object to manage this, please use the Exit() methods for this task -

Strategy: Using OnOrderUpdate() and OnExecution() methods to submit protective orders - NinjaTrader Support Forum

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

The OnOrderUpdate() and OnExecution() methods are reserved for experienced programmers. Instead of using Set() methods to submit stop-loss and profit target orders, you can submit and update them manually through the use of IOrder and IExecution objects in the OnOrderUpdate() and OnExecution() methods. The OnOrderUpdate()
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