SetStopLoss doesn't change the stop loss

[motradesmoproblems]

Hello,

I enter my positions manually and using an ATM to set the initial target and stop loss. Then as I add to the position I want this strategy script to keep track of my position size and automatically adjust my stop loss so that I never lose more than my pre-specified X$ risk if the stop gets hit. I read somewhere that tracking the position through the Account object is the way to go (is this correct?). I do get updates about position changes, but when I call SetStopLoss nothing really happens to the stop loss and I can't see anything in the logs.

Here's the code I'm using (I've tried to use different properties of CalculationMode but nothing worked):

#region Using declarations

using System;

using System.Collections.Generic;

using System.ComponentModel;

using System.ComponentModel.DataAnnotations;

using System.Linq;

using System.Text;

using System.Threading.Tasks;

using System.Windows;

using System.Windows.Input;

using System.Windows.Media;

using System.Xml.Serialization;

using NinjaTrader.Cbi;

using NinjaTrader.Gui;

using NinjaTrader.Gui.Chart;

using NinjaTrader.Gui.SuperDom;

using NinjaTrader.Gui.Tools;

using NinjaTrader.Data;

using NinjaTrader.NinjaScript;

using NinjaTrader.Core.FloatingPoint;

using NinjaTrader.NinjaScript.Indicators;

using NinjaTrader.NinjaScript.DrawingTools;

#endregion


namespace NinjaTrader.NinjaScript.Strategies
{

  public class AutoSL : Strategy
  {


    protected override void OnStateChange()
    {

        if (State == State.SetDefaults)
        {
            Description = @"Automatically sets the stop loss to risk X$ based on the position size.";
            Name = "AutoSL";
            Calculate = Calculate.OnPriceChange;
            EntriesPerDirection = 1;
            EntryHandling = EntryHandling.AllEntries;
            IsExitOnSessionCloseStrategy = true;
            ExitOnSessionCloseSeconds = 30;
            IsFillLimitOnTouch = false;
            MaximumBarsLookBack = MaximumBarsLookBack.TwoHundredFiftySix;
            OrderFillResolution = OrderFillResolution.Standard;
            Slippage = 0;
            StartBehavior = StartBehavior.WaitUntilFlat;
            TimeInForce = TimeInForce.Gtc;
            TraceOrders = false;
            RealtimeErrorHandling = RealtimeErrorHandling.StopCancelClose;
            StopTargetHandling = StopTargetHandling.PerEntryExecution;
            BarsRequiredToTrade = 20;
            IsInstantiatedOnEachOptimizationIteration = true;

            // Find our Sim account

            lock (Account.All)
                account = Account.All.FirstOrDefault(a => a.Name == "DEMO3188008");
            // Subscribe to position updates

            if (account != null) {
                account.PositionUpdate += OnPositionUpdate;
             }
         }
    }



    private void OnPositionUpdate(object sender, PositionEventArgs e)
    {
          // The following has no impact on the stop loss that has been set already before the position changed
           SetStopLoss(CalculationMode.Ticks, 5);
    }


    private Account account;
  }
}
​

[NinjaTrader_ChelseaB]

Hello motradesmoproblems,

Native strategy methods (like SetStopLoss() or ExitLong()) will only work with positions opened by the strategy.

As the position was entered from manually submitted orders, you will need to use the addon approach through an account object to modify or send new exit orders.

The AtmStrategyIdentifier provides helpful code on finding account orders that are part of an Atm.

https://ninjatraderecosystem.com/user-app-share-download/atmstrategyidentifier/

The ProfitCaseStopTrailIndicatorExample provides sample code of modifying account orders using the addon approach.

https://support.ninjatrader.com/s/article/Profit-Chase-Stop-Trail

[motradesmoproblems]

Perfect thanks Chelsea for clearing this up and for pointing me to the right direction.