Stop Loss under OnExecution() vs. OnBarUpdate()

[zachj]

Do I have this correct for stops....When using ExitLongStop under OnExecution() this is setting the stop as soon as the trade is executed. Using SetStopLoss under OnBarUpdate() and say I'm using 5min bars, the stop will not be set until a 5min bar completes(if CalcOnBarClose=True). So using SetStop your stop placement is subject to a potential 5min delay and could even be missed. Therefore setting the stop under OnExecution() would be the better route?

[NinjaTrader_Lance]

Hello,

Both using ExitLongStop in OnExecution() and SetStopLoss in OnBarUpdate will have the stops applied intrabar.

The set methods are special calls that allow entry orders to be bracketed right off the bat.

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

When dealing with more complex order management the OnExecution() route is going to offer more flexibility.

Let me know if I can further assist.