OrderState after order completion?

[timmbbo]

What is the OrderState, after an order has been completed?

That is, I submit an order. The OrderState then is OrderState.Filled. Then, my order hits the profit target, and concludes. At this point, what is the order state? Or, how would one determine if a filled order has hit its stop loss or profit target? Thanks,

[NinjaTrader_Kate]

Hello timmbbo,

Thank you for your post.

I think you're confusing an order with a position. Once an order fills, is rejected, or is cancelled, it would be considered to be in a terminal state. You can use IsTerminalState to check whether the order is completed by one of those. When an order fills and reaches a terminal state of Filled, you now have either a long or a short position. A stop or target would close the position and complete a trade.

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

As far as monitoring whether the most recent trade hit a profit target or stop loss order, there's a couple of ways you could determine that. If you're using SetStopLoss, the order will have a signal name of "Stop loss". SetProfitTarget will generate orders with a Signal Name of "Profit target". You can monitor in OnOrderUpdate, and if you get an order update where the OrderState is Filled, and the signal name matches either the target or the stop, you would know the position was closed by one of them, ending the trade.

You could also use Order variables to keep track of the stop/target orders, and check whether they are filled in either OnOrderUpdate or OnExecutionUpdate. I'd take a look at this example from our help guide that demonstrates tracking stop loss and profit target orders using Order variables:

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

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