Stop Loss attached to an indicator

[StealthM93]

Hello All,

When using the Chart / Chart Trader interface and you place an order, you may then attach the order to an indicator. The order trigger price is automatically adjusted based on the dynamic indicator value for the current bar.

I have reviewed this threads:
Attach to Indicator command for NT8 (which points to the next thread)
Set Stop Loss as an indicator value in Strategy Builder
PriceOs.cs expecting "," which has code examples from NinjaTrader_ChelseaB, in particular ProfitChaseStopTrailIndicatorExample.cs

As far as I can tell, there's no means to programmatically attached a stop loss order to an indicator. Is that correct?

Instead, I will have to code the update of the stop loss order on each OnBarUpdate, if needed, correct?

Thanks!
Matt

[NinjaTrader_ChelseaB]

Hello StealthM93,

It's done by using an indicator for the order price.

Below is a link to an example.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/strategy-development/1142876-stop-loss-and-profit-target-based-on-atr#post1142942

[StealthM93]

Hi Chelsea,

Thank you for the quick reply!
Yes, I'm aware of updating the stop loss / exit orders on each call of OnBarUpdate. What I'm asking for something like this (in pseudo code):

private SMA myStopLossSMA;
myStopLossSMA = SMA(8);

protected override void OnBarUpdate() {
if (--flat--) {
// Logic and code to determine that I'm going to make a Long Entry
SetStopLoss("MyEntryName", CalculationMode.Indicator, myStopLossSMA, false);
Order myOrder = EnterLong(1, "MyEntryName");
}
}

With that, I no longer have to update the stop loss order as NT8 will manage the update of the stop loss price automatically anytime the SMA changes. This is just like attaching an order to an indicator on the chart. That is, once done, then I do not have to do anything as the stop loss order trigger price is updated dynamically and automatically by NT8.

Hopefully, this example makes my question more clear.

Thanks!
Matt

[NinjaTrader_ChelseaB]

Hello Matt,

No, an order price would have to set from the code.

[StealthM93]

Hi Chelsea,

Thank you for confirming.

Please add to the list of enhancements/ideas to have this functionality. NT8 certainly has the logic available since it is provided in the chart/DOM user interfaces. Please add a "hook" in the code API to do the same.

Thank you!
Matt

[NinjaTrader_ChelseaB]

Hello Matt,

I will submit a feature request for development to consider.

Once I have a tracking ID I will post in this thread for future reference.

[NinjaTrader_BrandonH]

Hello Matt,

Thanks for your patience.

This is Brandon responding on behalf of Chelsea who is out of the office at this time.

The internal tracking number for your feature request is SFT-5474. Please reference this internal tracking number when contacting Platform Support if you ever have questions regarding this feature request.

When a feature request is implemented, you'll find a description of the new feature in the release notes:

• https://ninjatrader.com/support/help...ease_notes.htm

Let us know if we may assist further.