Disable Strategy on Stop Fill

[The Big D]

I've got a strategy that is using the managed order approach. It enters positions with EnterLong() and EnterShort() and exits them with ExitLong() and ExitShort(). In addition it sets a stop with SetStopLoss().

In the event that the stop executes, I want to shut down the strategy or at least ensure no more Enter*() methods are called. It appears that the right way to do this is call CloseStrategy(). How can I detect that the stop has executed in the context of the managed approach?

[NinjaTrader_ChelseaB]

Hello The Big D,

I would not recommend using multiple exit orders on the same entry.

That said, CloseStrategy() would be correct to disable the strategy.

https://ninjatrader.com/support/helpGuides/nt8/en-us/closestrategy.htm

You could choose to call this in OnOrderUpdate() or OnExecution() when the order.Name is "Stop loss" and the OrderState is .Filled.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/strategy-development/97573-stop-strategy-from-entering-new-positions-after-stop-hit?p=786092#post786092

[The Big D]

Chelsea,
Thanks for your response. The code example in your second link is very helpful. Do I have to be concerned that OnOrderUpdate() may be called in the middle of OnBarUpdate()? If so, do I need to protect any variables shared between the two with some sort of mutex?

[NinjaTrader_ChelseaB]

Hello The Big D,

No, calling CloseStrategy() is fine to do from OnOrderUpdate().

It will close all positions and cancel all orders, even newly submitted ones.