stop loss unmanaged

[AlessioCianini12]

Hi, i was wondering if this is correct to place a stop loss since when the price hit it my position doesn't close. I had a buy position of 2 contracts and this how i placed the stop loss:
Is correct to use stop market? thanks
SubmitOrderUnmanaged(0, OrderAction.Buy, OrderType.StopMarket, quantity, 0, averagePrice + m_StopLoss * TickSize, "4"+CurrentBar.ToString(), "SL1");

[NinjaTrader_Jim]

Hello AlessioCianni12,

Thanks for your post.

It looks like the mentioned line of code is submitting a Buy Stop Market order above the average entry price. This would be suitable for a stop loss on a short position, but for a long position you would likely want to submit a Sell Stop Market order below the average entry price.

You may reference the documentation for SubmitOrderUnmanaged to see what each parameter means:

https://ninjatrader.com/support/helpGuides/nt8/NT%20HelpGuide%20English.html?submitorderunmanaged.htm

I am also attaching an example Unmanaged strategy if you would like to see what a working unmanaged strategy looks like.

Let us know if there is anything else we can do to help.

[BartMan]

@NinjaTrader_Jim very nice sample thanks