SetTrailStop wih SetStopLoss

[kiss987]

Hello

According to your documentation:
"The SetTrailStop() method can NOT be used concurrently with the SetStopLoss() method for the same position".

Suppose I used the SetStopLoss for my first position. Then, after my first position is closed, I want to use a trailing stop, can I call the SetTrailStop before entering the second position?

Thanks

[NinjaTrader_PatrickH]

Hello kiss987,

Thank you for your post.

If each position in your example used a different Entry Signal Name and you called those specific Entry Signal Names in your Set methods, then yes.

For example:

        protected override void Initialize()
        {
			SetStopLoss([B]"Entry1"[/B], CalculationMode.Ticks, 10, false);
			SetTrailStop([B]"Entry2"[/B], CalculationMode.Ticks, 5, false);
        }
        protected override void OnBarUpdate()
        {
			if (Close[0] > Open[0])
				EnterLong([B]"Entry1"[/B]);
			if (Close[0] < Open[0])
				EnterShort([B]"Entry2"[/B]);
        }

Please let me know if you have any questions.

[kiss987]

Thank you for your reply.

What if both entries are using the same signal name but the first entry is already flat? Can I now use SetTrailStop for the second entry?

[NinjaTrader_PatrickH]

Hello kiss987,

Thank you for your response.

It would not work in that manner. You could just implement logic to adjust the SetStopLoss() as a trailing stop. We have an example on adjusting the Stop Loss to breakeven that will help get you started: http://ninjatrader.com/support/forum...ead.php?t=3222

Please let me know if you have any questions.