Stop Losses and Number of Contacts

[MJUK10]

Could someone confirm that if I set a stop loss based on an amount of $ it relates to the total loss over all futurescontracts.

e.g. Say I am trading 5 contracts and want a maximum loss of $500 per contract so the stop loss is set at $2500 or SetStopLoss(2500)

Is this right?

Thanks

Mark

[NinjaTrader_RyanM1]

Hi Mark,

Yes, it will look at PnL for all contracts, as long as the stop loss is paired successfully with the entries. You can either pair stop losses with specific entries by matching fromEntrySignal, or it will apply to all entries if you don't specify a signal.

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

[MJUK10]

Thanks Ryan