SetStopLoss() question

[cassb]

Let's say I call the SetStopLoss() method before submitting an order. The order is filled and the stoploss order is automatically submitted. What if I want to reset that stoploss order to breakeven? When I try to call SetStopLoss() again while the order is active, I get this error:

10/20/2010 9:34:17 AM Entered internal SetStopTarget() method: Type=Stop FromEntrySignal='ptt Long' Mode=Price Value=697.8 Currency=0 Simulated=False
10/20/2010 9:34:17 AM Ignored internal SetStopTarget() method: Type=Stop FromEntrySignal='ptt Long' Mode=Price Value=697.8 Currency=0 Simulated=False' Reason='Another SetStopTarget() method call has already submitted a stop/target order'

Am I not doing it right?

[cassb]

Oh, never mind. I figured it out. I have to use the exact same syntax with the SetStopLoss() each time I call it. What I was doing was changing it to the 4-parameter method after the order was filled so that I could tell it what the signalname was. But I guess I have to use the 2-parameter method as I did when it was initially set. It's working now.

[cassb]

I have another question about the SetStopLoss() method, so I'll just use this thread. If you do this in your strategy:

SetStopLoss(CalculationMode.Price, Close[0] - (10 * TickSize));

Is there a property or something I can use to check and tell me what that stoploss price is at any point?

Thanks!

[NinjaTrader_RyanM1]

Hello cassb,

Yes, you can expose this. Please see the following reference sample for help with this:
Monitoring Stop-Loss and Profit Target Orders

[cassb]

OK, but that's not what I was looking for. I don't want to manage arraylists of stop and target tokens. I just want to know if there's an existing object that would contain a property or method to tell me what the current SetStopLoss() price value is.

[NinjaTrader_RyanM1]

The reference sample is needed if you want the price of stop loss / targets that are submitted with Set statements.

As an alternative you can manually calculate it:

myStopLossPrice = Close[0] - TickSize * 10;

[cassb]

So the answer is 'no', there is no existing property that holds the last value set with a SetStopLoss() method. OK, thanks.

[NinjaTrader_RyanM1]

Yes, there is a property that offers this. The technique needed to access this property is demonstrated in the sample.

[cassb]

Oh I see. You mean order.StopPrice and order.LimitPrice? OK, that's what I was looking for, it just has to be done in the OnOrderUpdate() code. Thanks.