FOREX strategy - Move Stop to Breakeven

[mefTrader]

I am using " EnterLong(1, "Long Entry");"

and have the following for Stop Losses

//Manage Stop Loss(Initial Stop Loss)
SetStopLoss(780);

//Move Stop to Breakeven(LONG Side)

if (Position.MarketPosition == MarketPosition.Long)
{
if (Close[0] > Position.AvgPrice + 45 * TickSize)
SetStopLoss(CalculationMode.Price, Position.AvgPrice);
}

//Move Stop to Breakeven(Short Side)
if (Position.MarketPosition == MarketPosition.Short)
{
if (Close[0] < Position.AvgPrice - 45 * TickSize)
SetStopLoss(CalculationMode.Price, Position.AvgPrice);
}

The Initial Stop Loss seems to be working but the Break Even Stop does not

Once I am up 45 pips ($450 on 100,000 units) want to move my stop to breakeven

Should be straight forward but I dont see the problem with the above code?

[mefTrader]

Have looked around the forums and this is what other folks seem to be using,,,Have put this in the OnBarUpdate() section

[NinjaTrader_Bertrand]

mefTrader, you can review this sample here -

http://www.ninjatrader.com/support/forum/showthread.php?t=3222

You want to initialize the stop in your Initialize() methed and then work the dynamic parts in OnBarUpdate().

Which connection and pip setting are you working with?

Are you sure the 45 shoudn't be 450 (for example for MBT on tenthPip setting).

Thanks

[mefTrader]

Can I label this StopLoss as a Breakeven Trade on the chart?

[NinjaTrader_RyanM1]

Hello meftrader,

Stop loss orders used this way can only use the name stop loss for the exit orders. If you wanted to attach a unique name to this order, you would have to use a method such as ExitLongStop() or ExitShortStop(). You could also custom program it to draw text whenever there is a breakeven movement. This reference sample can help with using draw objects.