Short / Long stop orders in strategy builder

[repower95]

Hello,

is it possible to make SHORT / LONG stop order with offset in strategy builder with profit target and stop loss?

I get message that it can not be opened above / below current price.

[NinjaTrader_BrandonH]

Hello repower95,

Thanks for your post.

Yes, it is possible to create a strategy that places a long or short entry order with a profit target and stop loss.

For long orders, the profit target orders must be placed above the market price and the stop loss must be placed below the market price.

For short orders, the profit target orders must be placed below the market price and the stop loss orders must be placed above the market price.

If you are using Exit methods (such as ExitLongLimit()/ExitLongStopLimit()) to submit profit target and stop loss orders. You must make sure that you are submitting them to the correct side of the market.

I have attached a simple example script demonstrating using Exit methods for the profit target and stop loss orders that you could view.

If the strategy is not behaving as expected, you must add debugging prints to the strategy that print out the price out the current price (Close[0]) and the price you are submitting your Exit methods to. This way you can compare the value of the profit target/stop loss to the current close price. Anytime a strategy is not behaving as expected, you should debug the strategy using prints.

Below is a link to a forum post that demonstrates how to use prints to understand behavior.
https://ninjatrader.com/support/foru...121#post791121