How to set StopLoss in ATMStrategyCreate()

[cassb]

In the Sample ATM Strategy delivered with NinjaTrader, the method used to submit a new ATM order is:

AtmStrategyCreate(Cbi.OrderAction.Buy, OrderType.Limit, Low[0], 0, TimeInForce.Day, orderId, "AtmStrategyTemplate", atmStrategyId);

The stoploss value is set to 0. Let's say I want the stoploss to be 10 ticks below the Low[0]. So I use:

AtmStrategyCreate(Cbi.OrderAction.Buy, OrderType.Limit, Low[0], Low[0] - (10 * TickSize), TimeInForce.Day, orderId, "AtmStrategyTemplate", atmStrategyId);


However, when this code executes, the stop is not set to Low[0] - (10 * TickSize), it's set to whatever my stoploss value is in AtmStrategyTemplate. I tried setting a 0 stoploss value in AtmStrategyTemplate, but it won't let me. So how do I get AtmStrategyCreate() to submit the order with the stoploss price I want?

Thanks!
Bryan

[NinjaTrader_Brett]

Hello,

Thanks for the note.

The stop loss price is not changed by the ATMStrategyCreate() method. It is done by the ATM Strategy template. Also, you cannot have a stoploss of 0.

Let me know if I can be of further assistance.

[cassb]

Hello,

Thanks for the note.

The stop loss price is not changed by the ATMStrategyCreate() method. It is done by the ATM Strategy template. Also, you cannot have a stoploss of 0.

Let me know if I can be of further assistance.

Thanks Brett. But then why is there a StopLoss parameter in the ATMStrategyCreate() method? What does it do? And if that doesn't set the stoploss on the entry, is there any way to override the ATM Strategy's stoploss and do it in the strategy code at all?

[NinjaTrader_Bertrand]

Thanks Brett. But then why is there a StopLoss parameter in the ATMStrategyCreate() method? What does it do? And if that doesn't set the stoploss on the entry, is there any way to override the ATM Strategy's stoploss and do it in the strategy code at all?

Bryan, that would be used if you enter by a Stop order then, it's not a StopLoss order parameter.

It would use the default stoploss as saved in the AtmStrategyTemplate you call in AtmStrategyCreate(), you can change the stoploss later with the AtmStrategyChangeStopTarget method.

[cassb]

Bryan, that would be used if you enter by a Stop order then, it's not a StopLoss order parameter.

It would use the default stoploss as saved in the AtmStrategyTemplate you call in AtmStrategyCreate(), you can change the stoploss later with the AtmStrategyChangeStopTarget method.

Aha -- OK, that makes sense then. Thank you!

So if I want to set the initial stop of the strategy and then let the template handle the breakeven and trailing stop, I would use the AtmStrategyChangeStopTarget() method on the next OnBarUpdate() call to change the stoploss from whatever the template set it to?

[NinjaTrader_Bertrand]

Yes, that's correct - for an example using those methods you can check into the SampleAtmStrategy we ship per default with NT.