Scaling out

[dom993]

Hi there,

I am familiar with the following tip: Strategy: Scaling out of a position (http://www.ninjatrader.com/support/f...ead.php?t=3751).

I am now trying to do pretty much the same, but I want to use SetStopLoss( ... ) AND I want to specify the stop is *not* simulated ; as a result, the only SetStopLoss() function available to me is the most complete:

SetStopLoss(string fromEntrySignal, CalculationMode mode, double value, bool simulated)

which seems to require to be matched to the Entry signal ... hence I lose the benefit of a single SetStopLoss() call (and of a single STOP order, I suppose) - unless there is a magic value for "fromEntrySignal" to designate all entries ?


Also ... on the entry side, I have to use 2 EnterLong/ShortLimit(...) with distinct SignalNames ... does this mean Ninja will send out 2 separate opening orders (or, assuming the entry price is the same for both signals, will there be only 1 opening order combining the quantities of the 2 function calls) ?




Thanks in advance
Dominique

[NinjaTrader_Bertrand]

Hi Dominique, yes you would see 2 invididual orders being placed here for your entry when scaling in.

For exit, just refer to "" / an empty string as signal name to tie to, this would exit your full position for the stop then, so you can work with a single SetStopLoss and still scale out at various targets referring to an individual entry signal.

Thanks,

[dom993]

Thank you Bertrand