Move stop losses using SetStopLoss

[tanbyte]

Hi,

I see we cannot use SetTrailStop and SetStopLoss together. However, here is what I want to do:

1. SetStopLoss to x initially from an entry signal
2. SetStopLoss to y after some profit target is achieved

However, when I try to do #2, and give no signal entry, it does not take effect.

If I specify a signal entry, then it puts the stop loss on my entry price. What am I doing wrong?

PS: For #2 SetTrailStop would have been most ideal, but I cannot use it since I already called SetStopLoss in #1.

Why cant we use both in conjunction?

[NinjaTrader_Bertrand]

tanbyte, thanks for the post. You could not have two orders working / racing on the same position name here. If you scale in with two entries and then have for example a SetStopLoss attached to the first and a a SetTrail to the second signal name that should work.

If you want to start with a static stop and then later on trail for a single named position, just follow the concepts of this reference sample showing how to dynamically update the SetStopLoss as needed to provide the trail - it's critical as well to have the reset part included when you're flat and working as CalculationMode price.

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