Adjusting stop loss order...

[funk101]

In my strategy, when I enter a trade I get the results from OnOrderUpdate() and I set my initial stop loss order there. Like so:


TrailingStop = 8;
SetStopLoss(strOrder, CalculationMode.Price, order.AvgFillPrice - (TrailingStop * TickSize), true);


Now when I get so many ticks in profit I want to move my stop loss up to eg: 4 ticks.

Where would I do this? in OnPositionUpdate() ?

[NinjaTrader_Matthew]

OnPositionUpdate() is only called if there has been a change in your position.

If the condition you're looking for is 4 ticks, you'd want to do this in OnBarUpdate()

if(Close[0] >= order.AvgFillPrice + (4 * TickSize)
// SetStopLoss @ desired price

Please have a look at the following sample which shows how to accomplish this:

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

[funk101]

Ok, thanks for the link. However, the script uses "Position.AvgPrice" but your example in this thread uses "order.AvgFillPrice". I believe it should be Position.AvgPrice, correct?

[NinjaTrader_Matthew]

I was just quoting your code.

If you want it based off your entire position, use the Position.AvgPrice.

If you want it off that specific order, use order.AvgPrice