Stoploss on multiple positions

[nysetrader]

I've got a multi instrument strategy. How can I set stoploss for all positions. Something like:
if(unrealized PNL on all positions reaches daily stoploss)
{
CoverAll;
}

[NinjaTrader_Joydeep]

Hello nysetrader,
Thanks for writing in and I am happy to assist you.

The SetStopLoss method will put stop loss bot all the instruments.

For example if your primary instrument is ES 06-12 and the secondary instrument is NQ 06-12 and if you place the entry order as

EnterLong(0, 1, "0");
EnterShort(1, 1, "1");

and if you place your stop as

SetStopLoss(CalculationMode.Ticks, 8);

then the Set method will place stop for both the instruments.

You can get the unrealized PnL from the Position class.

Positions[0].GetProfitLoss(Close[0], PerformanceUnit.Currency) //returns unrealized pnl for primary instrument
Positions[1].GetProfitLoss(Close[0], PerformanceUnit.Currency)  //returns unrealized pnl for secondary instrument.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?positions.htm

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?getprofitloss.htm

Please let me know if I can assist you any further.

[nysetrader]

So there is no method for total ProfitLoss on all instruments?

[NinjaTrader_Joydeep]

Hello nysetrader,
There is no supported way to retrieve the total PnL.

Please let me know if I can assist you any further.

[Tdschulz]

I'm also using a multi instrument strategy but want to set the stop losses independently. If I put a SetStopLoss command in the initialize section without tags, both instruments use the same stop. I have my ES entries/targets tagged with ES and NQ entries/targets tagged as "NQ". I thought I could use two SetStopLoss commands in the initilize section as:

SetStopLoss("ES", CalculationMode.Price, ESstoploss, false);
SetStopLoss("NQ", CalculationMode.Price, NQstoploss, false);

However, this approach seems to mess up targets and stops. Is there another approach I should consider?

[NinjaTrader_Joydeep]

Hello Tdschulz,
To assist you further may I know what codes you are using to send the Entry orders?

I look forward to assisting you further.

[Tdschulz]

EnterLong(1, "ES");

[NinjaTrader_Joydeep]

Hello Tdschulz,
Thanks for the confirmation.

In a multi-series strategy you have to define for which bar series the entry order is meant for. Please use the following overload to submit an entry order in multi-series strategy which lets you do choose the bars series.

EnterLong(int barsInProgressIndex, int quantity, string signalName)

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?enterlong.htm

Please let me know if I can assist you any further.

[Tdschulz]

I was using BarsInProgress to select the correct instrument. My Entries were all fine. I made the change anyway and still I have issues on my SetStopLoss.

protected override void Initialize()
        {
          	
			SetStopLoss("ES", CalculationMode.Price, stoploss0, false);
			SetStopLoss("NQ", CalculationMode.Price, stoploss1, false);
EntriesPerDirection = 20; 
    		EntryHandling = EntryHandling.AllEntries; 
			TraceOrders =true;
			Add(instrument2, PeriodType.Range, range2);
CalculateOnBarClose = true;
protected override void OnBarUpdate()
	{
if	(BarsInProgress == 0)

			{
                EnterShort(0, 1, "ES");
		SetProfitTarget("ES", CalculationMode.Ticks, Target2);

[Tdschulz]

I think the problem is in CalculationMode.Price. I'm using a cash amount, not percent, ticks, or price. How do I associate a position stop loss with a cash amount?

[NinjaTrader_Joydeep]

Hello Tdschulz,
To set a stop based on a cash value please use the below code

SetStopLoss(100);

The above will place a stop for $100.

Please let me know if I can assist you any further.

[Tdschulz]

I have a multi-instrument strategy and I would like each instrument to have a different stoploss amount. How can I differentiate the stoplosses?

[NinjaTrader_Joydeep]

Hello Tdschulz,
Unfortunately the cash value method is available for the primary series only.

I will forward your feature request to development for future consideration.

Please let me know if I can assist you any further.