Keep needing to exit ...

[Skechers]

Hello,

I have set profit target and stop loss. I enter using EnterLongLimit and ShortLimit.

Due to calculations, I need to exit before PT or SL is hit.

Do I use ExitLong / ExitShort? But I was advised not to mix them with profit target and stop loss.

How should I be doing this?

Many Thanks, Caesar.

[NinjaTrader_ChelseaB]

Hello Caesar,

It is not advised to mix Set methods with order methods like ExitLong() orders.

If you are using ExitLongStopMarket() as the stop loss, call CancelOrder() with the order object assigned from OnOrderUpdate(), detect the order is cancelled in OnOrderUpdate(), and then send the exit market order. This will ensure that both orders are not able to fill causing an unwanted position.
https://ninjatrader.com/support/help...ancelorder.htm
https://ninjatrader.com/support/help...rderupdate.htm

[Skechers]

Hello Chelsea,

So, detect the target order (add a "myLimitOrder" string to the target order has been filled in OnOrderUpdate, and then CancelOrder(myStopMar****rder)?

But you advise against mixing Set PT/SL with Exit orders.

So, what is the proper way to do what I want?

Many Thanks, Caesar.

[NinjaTrader_ChelseaB]

Hello Caesar,

Right, SetStopLoss() would not be used. ExitLongStopMarket() would be used instead for the stop loss. So this way the set methods are not used and are not mixed with exit methods.

Yes, you can give your exit orders names and detect this in OnOrderUpdate().

ExitLongLimit(100.00, "myLimitOrder", "myEntry");

In OnOrderUpdate():
if (order.Name == "myLimitOrder")

[Skechers]

Ah clarity, finally, Huge Thanks Chelsea!