"Tie" or "link" specific entries with specific stoploss orders?

[cb4gusto22]

Is there a way to "tie" or "link" a particular entry to a particular stoploss order? I'm developing an unmanaged strategy that scales in to a position (up to 4 entries) as the market moves in my direction and for each entry a stoploss order is then submitted. The stoploss orders are different for each entry. I want my first entry to be closed out when its stoploss is hit (not when some other entry's stoploss is hit).

When I apply the strategy to a chart, assuming all 4 entries have been filled, as the market moves against me the first entry is closed out due to the fourth entry's stoploss being hit. It seems that ninjatrader sort of defaults to a "first in, first out" methodology. What I want instead is for the fourth entry being closed out due to the fourth entry's stoploss being hit, the third entry being closed out due to the third entry's stoploss being hit, etc. I hope that makes sense and thanks for the support.

Regards,
Tony

[NinjaTrader_CalH]

Hello Tony,

Thank you for your post.

This is part of the Unmanaged Approach system as you won't be able to tie orders this way like the Managed Approach does with the Set() Methods. The NinjaTrader core uses the FIFO concept that you have outlined with the Unmanaged Approach.


Let me know if I can be of further assistance.

[cb4gusto22]

Thanks Cal,

So to confirm, the only way to do what I am asking is to use the advanced order handling of the Managed approach and this cannot be done at all using the Unmanaged approach? Thanks for your help!

[NinjaTrader_CalH]

Tony,

Correct. You would need to use advanced order handling to track and maintain those orders with the specific Stop and Profit targets to the fromEntrySignal for the Set() order methods