Stop Trading issue

[Mike Winfrey]

I have a strategy that I want to stop trading for the day after the first loss.

Can't seem to get that figured out. It works sometimes but not others and not sure why.

// at the first line of OnBarUpdate
if (Bars.FirstBarOfSession)
stopTrading = false;

// last line of OnBarUpdate
if (Position.GetProfitLoss(close,PerformanceUnit.Curr ency) < 0)
stopTrading = true;


// this is the last line of OnOrderUpdate
if (Position.GetProfitLoss(close,PerformanceUnit.Curr ency) < 0)
stopTrading = true;

[NinjaTrader_Brett]

Hello,

The reason why this most likely is doing this is that GetProfitLoss() give you unrealized PnL. What you wan is realized PnL after the first trade is completed most likely.

For this please use this, I would set StopTrading variable right at the top of OnBarUpdate also.

http://www.ninjatrader.com/support/forum/showthread.php?t=19289

Let me know if I can be of further assistance.

[Mike Winfrey]

So how do I get the realized pnl?

[NinjaTrader_Brett]

Hello,

Please use the sample I posted in post 2 for this.

http://www.ninjatrader.com/support/helpGuides/nt7/tradecollection.htm

Let me know if I can be of further assistance.

[Mike Winfrey]

the sample didn't really help but your last reference did. thanks

[NinjaTrader_Brett]

Excellent. Let me know if you need further help.