Automatic Stop a Strategy.

[cirque73]

Hello,

Is there any way to automatically stop loss a working strategy that doesn't have a stop loss parameter? Looking for something that I wouldn't have to reset each time it made a stop. So when the strategy takes a trade a stop loss order is automatically placed.

Thank you.

Mike

[NinjaTrader_Kate]

Hello cirque73,

Thank you for your reply.

Is the strategy you mentioned a 3rd party strategy or one you have created yourself? If it's a NinjaScript strategy, any stop loss functionality would need to be added to the script itself, it wouldn't be possible to add one externally without running into issues with position syncing between the strategy and the live account. If it's a third party strategy, you'd likely need to speak with the vendor as those are generally distributed as compiled assemblies and the source code would not be editable.

If it's one you created yourself and you are using the managed approach (this is the most common method), you can use SetStopLoss() to place a stop order when a position is opened:

https://ninjatrader.com/support/helpGuides/nt8/setstoploss.htm

Please let us know if we may be of further assistance to you.