Partial Exit SetStopLoss bug?

[zweistein]

Hello ,

managed order handling

I have the following scenario :

Entry in position with 2 lots.

SetStopLoss(entrysignalname,CalculationMode.Price, stopprice,false);
EnterLongLimit(BarsInProgress,true,2,entrylimit,en trysignalname);

....

Later I do a partial exit with:

ExitLong(1,"partial exit",entrysignalname);

at this point my strategy has only 1 lot.

...
Later when the Stop loss is hit, the stop loss order still executes 2 lots.

This is wrong as the strategy contains only 1 lot.

Questions:
1. How can I amend the Stop loss order to reflect the partial exit (hence I need 1 lot stop loss)

2. What is the procedure to ensure that the stop loss order reflects the proper quantity?

best regards

Andreas

https://www.zweisteintrading.eu

[NinjaTrader_RyanM1]

Hi Andreas,

This is how it will work with a managed order system. If you want to scale out, you must first scale in with separate entry names. Then pair the exits with a specific entry signal name. Any other approach can lead to quantity mismatch.

An alternative to this is to use the unmanaged approach, which allows you to submit, and change orders exactly how you want, but without any built in position management.

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

[zweistein]

OK,

I expected something better from NinjaTrader

By the way, why do you have the quantity parameter in the managed Exit??? functions.

You do not need it and it will only create confusion.


regards
Andreas

[NinjaTrader_RyanM1]

Quantity is available there if you want to use it. We don't want to introduce more restrictions in those exit overloads.

The unmanaged approach is designed exactly for situations like this. If you do not like Ninja's built in position and order management, you can create your own with an unmanaged strategy.

[zweistein]

It is not for me, for my own codebase I do use unmanaged frequently.

It is a tiny project for a customer and I just find out now that what he wants is not do-able with the managed code. In the timeframe given there is no way I will start using unmanaged order handling.
I have read your documentation, but not having this basic feature just escaped my view . I read some comments from earlier posts (beta NT7), and it seemed a bug that ninja was going to fix.

regards

[NinjaTrader_RyanM1]

Thanks for the comments, Andreas. At this time, there will be no change to the exit overloads that disallow quantity.