Reset SetStopLoss

[gg80108]

SetStopLoss, has a note that says " Should you call this method to dynamically change the stop loss price in the strategy OnBarUpdate() method, you should always reset the stop loss price/offset value when your strategy is flat otherwise, the last price/offset value set will be used to generate your stop loss order on your next open position "

how do u reset this?

[NinjaTrader_Brett]

Hello,

Thanks for the note.

You can reset this by changing the stop loss value. You can do this with this sample:

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

Let me know if I can be of further assistance.

[gg80108]

So when the position is flat we are just setting the stop loss to be out of range, so when a new order fires it won't possibly be stopped out immediately..

[NinjaTrader_RyanM1]

Yes, that's exactly it.

if (Position.MarketPosition == MarketPosition.Flat)
SetStopLoss(CalculationMode.Ticks, 20);