Addint Trailing Stop Example onOrderUpdate

[tkaboris]

Hello, do we have an example of how to add trailing stop to onOrderUpdate?
Ii ahve seen examples such as trailstopbuilderexample and others but they all have their trailing stop defined differently. Below is how my order gets manged and i was looking to add trailing stop option...

#region OnOrderUpdate

        protected override void OnOrderUpdate(Order order, double limitPrice, double stopPrice, int quantity, int filled, double averageFillPrice, OrderState orderState, DateTime time, ErrorCode error, string nativeError)
          {
            if (orderState == OrderState.Filled && order.Name == "BT")
            {
                double ask = GetCurrentAsk();
                double bid = GetCurrentBid();

                string oco = Guid.NewGuid().ToString();

                if (order.IsLong)
                {
                    double tp = Instrument.MasterInstrument.RoundToTickSize(averageFillPrice + ProfitTarget * TickSize);

                    if (ProfitTarget > 0 && tp.ApproxCompare(ask) > 0)
                    {
                        targetOrder = SubmitOrderUnmanaged(0, OrderAction.Sell, OrderType.Limit, filled, tp, 0, oco, "PT");
                    }

                    double sl = Instrument.MasterInstrument.RoundToTickSize(averageFillPrice - StopLoss * TickSize);

                    if (StopLoss > 0 && sl.ApproxCompare(bid) < 0)
                    {
                        stopOrder = SubmitOrderUnmanaged(0, OrderAction.Sell, OrderType.StopMarket, filled, 0, sl, oco, "SL");
                    }
                }

                if (order.IsShort)
                {
                    double tp = Instrument.MasterInstrument.RoundToTickSize(averageFillPrice - ProfitTarget * TickSize);

                    if (ProfitTarget > 0 && tp.ApproxCompare(bid) < 0)
                    {
                        targetOrder = SubmitOrderUnmanaged(0, OrderAction.BuyToCover, OrderType.Limit, filled, tp, 0, oco, "PT");
                    }

                    double sl = Instrument.MasterInstrument.RoundToTickSize(averageFillPrice + StopLoss * TickSize);

                    if (StopLoss > 0 && sl.ApproxCompare(ask) > 0)
                    {
                        stopOrder = SubmitOrderUnmanaged(0, OrderAction.BuyToCover, OrderType.StopMarket, filled, 0, sl, oco, "SL");
                    }
                }
            }
          }

        #endregion​

[NinjaTrader_Jesse]

Hello tkaboris,

The trailbuilder sample would be a good starting point for the trailing logic, you would need to update the order from OnBarUpdate to make it trail at the frequency you wanted. The OnOrderUpdate event is really only useful to know the order was submitted or its status is changed, to submit a target you generally do that based on the orders Fill from OnExecutionUpdate.

There is a sample unmanaged trailing sample in the following link that shows the correct way to submit the targets from OnExecutionUpdate and then later manage them from OnBarUpdate.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/platform-technical-support-aa/97419-priceos-cs-expecting#post802269