Place Trailing Stop

[speedytrade02]

Hi, I'm trying to place a Traling Stop on my strategy. And I was wondering on how can I implement it.

Currently I have my OrderExecutionUpdate function this way:

        
protected override void OnExecutionUpdate(Execution execution, string executionId, double price, int quantity, MarketPosition marketPosition, string orderId, DateTime time)
        {
            if (entryOrder != null && entryOrder == execution.Order)
            {
                // Check if the entry order is filled
                if (execution.Order.OrderState == OrderState.Filled)
                {
                    double takeProfitPrice = 0;
                    // Submit stop loss and take profit orders
                    if (Position.MarketPosition == MarketPosition.Long)
                    {
                        takeProfitPrice = Position.AveragePrice + (Position.AveragePrice - SL)*takeProfitFactor; // 1:1 ratio
                        stopOrder = ExitLongStopMarket(0, true, execution.Quantity, SL, "StopLoss", "EntryOrder");
                        targetOrder = ExitLongLimit(0, true, execution.Quantity, takeProfitPrice, "TakeProfit", "EntryOrder");
                    }
                    else if (Position.MarketPosition == MarketPosition.Short)
                    {
                        takeProfitPrice = Position.AveragePrice - (SL - Position.AveragePrice)*takeProfitFactor; // 1:1 ratio
                        stopOrder = ExitShortStopMarket(0, true, execution.Quantity, SL, "StopLoss", "EntryOrder");
                        targetOrder = ExitShortLimit(0, true, execution.Quantity, takeProfitPrice, "TakeProfit", "EntryOrder");
                    }

                    entryOrder = null;
                }
            }
        }​

Any guess on how can I do it?

[NinjaTrader_BrandonH]

Hello speedytrade02,

Thanks for your post.

You would need to call the Exit order methods again with a new price to change the orders to the new price.

You could view the TrailBuilderExample_NT8 sample strategy on the forum thread linked below as a good starting point to see how to implement a trailing stop using Exit methods. Similar logic could be implemented into your script to include a trailing stop.
https://ninjatrader.com/support/foru...der#post806596

There is a trailing stop exit orders sample in the following link that shows the correct way to submit the targets from OnExecutionUpdate and then later manage them from OnBarUpdate.
https://forum.ninjatrader.com/forum/ninjatrader-8/platform-technical-support-aa/97419-priceos-cs-expecting?p=802269#post802269