StopLoss Hit

edgeliner

Junior Member

Join Date: Oct 2007

Posts: 269
#1

StopLoss Hit

10-11-2011, 05:50 PM

If Variable0 = 1, Is there any way of stating in a strategy that if the stoploss is hit, then Variable0 == 0; ?????
Tags: None
NinjaTrader_Matthew

NinjaTrader Product Management

Join Date: Apr 2010

Posts: 6960
#2

10-11-2011, 06:00 PM

edgeliner

You can use either the OnOrderUpdate() and OnExecution() methods to check that your stop loss was filled/executed. Once this occurs, you can set the Variable value as desired.

Please review our Reference Sample which uses these two Methods with SetStopLoss and SetProfitTarget:

Strategy: Using OnOrderUpdate() and OnExecution() methods to submit protective orders - NinjaTrader Support Forum

http://www.ninjatrader.com/support/forum/showthread.php?t=7499

The OnOrderUpdate() and OnExecution() methods are reserved for experienced programmers. Instead of using Set() methods to submit stop-loss and profit target orders, you can submit and update them manually through the use of IOrder and IExecution objects in the OnOrderUpdate() and OnExecution() methods. The OnOrderUpdate()

MatthewNinjaTrader Product Management
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