IOrder and OCO

[CashCache]

Hello,
Since SetStopLoss() and SetProfitTarget() don’t return an IOrder object, am I right to assume that if I want to do any special handling with these orders that I should use functions that return IOrder such as ExitLongStop() instead?.

SetStopLoss() and SetProfitTarget() look to be an easy way to get the order out there, but you lose some flexibility in the process – such as not being able to check which order was filled/canceled in OnOrderUpdate().

Also, if I create my own stop orders for targets and stops, does the OCO functionality come from the signalName, or is this specified in the IOrder object?

Thanks,

-Scott

[NinjaTrader_Ray]

Scott,

OnOrderUpdate() is called and an IOrder object is passed in. You can "capture" a reference to the IOrder objects generated by the SetStopLoss() and SetProfitTarget() methods by monitoring OnOrderUpdate(). We do have it on our list to publish a reference sample sooner than later. For now, just run some tests to see what the IOrder.Name property reveals. I believe the info should be sufficient. Keep in mind that there can be multiple stop orders generated for a single call to SetStopLoss() since by default, a stop loss order is generated for each incoming fill of an entry order.

OCO functionality from ExitLongStop() type method calls is based on the some internal signal name mapping.

[CashCache]

Ray,

Thanks for the info, and that's what I expected. I just didn't want to find myself in a position where my code breaks because I was using something "undocumented".

Thanks for the quick reply...

-Scott

[NinjaTrader_Ray]

I should add..

Although you can capture a reference via my explanation...Do not count on any properties that are dynamic (OrderState, AvgFillPrice etc..) to be updated. This object is volatile and should only be used to get static properties of the IOrder object.

Hope this makes sense.

[poseidon_sthlm]

How to reference the IOrder object of SetStopLoss() and SetStopTarget() ?

Hi! I would like to reference the IOrder object of the SetProfitTarget() in a strategy. I read in post #2 below that

it is possible to "capture" a reference to the IOrder objects generated by the SetStopLoss() and SetProfitTarget() methods by monitoring OnOrderUpdate().

How can I "monitor OnOrderUpdate()" ? I'v tried with this code but I don't se any IOrder name that refers to my SetProfitTarget() order in the output window. What could the names of the IOrder objects be approximately?

protected override void OnOrderUpdate(IOrder order)
        {
            if (EnterLong1a != null && EnterLong1a.Token == order.Token
                ||
                EnterLong1b != null && EnterLong1b.Token == order.Token
                ||
                EnterShort1a != null && EnterShort1a.Token == order.Token
                ||
                EnterShort1b != null && EnterShort1b.Token == order.Token)
            
               {
                Print(order.ToString());
            }
        }

The strategy in question uses 2 entry orders to scale out of the position. When the SetProfitTarget() order that's tied to the firts entry order is hit (IOrder == null) I want to modify the SetStopLoss() order that's tied to the seccond entry order.

[NinjaTrader_Bertrand]

poseidon_sthlm, please work alongside this sample below - http://www.ninjatrader-support2.com/...ead.php?t=5790