SetStopLoss in State.Configure or State.DataLoaded?

[burtoninlondon]

Should I place SetStopLoss in State.Configure or State.DataLoaded within OnStateChange()?

Is there a best practice?

Thanks,

Neil

[jaybedreamin]

I tend to go with State.Configure for static stop loss/take profit strategies. Of course, for more dynamic stop, profit and trailing logic we update those values in onBarUpdate but that's not what you asked. Curious if there's any significant performance benefit between State.Configure and State.DataLoaded as well

[NinjaTrader_BrandonH]

Hello Neil,

Thanks for your post.

Typically, SetStopLoss() would be called in OnStateChange() when the State == State.Configure.

The Strategy Builder could be used to set up a stop loss on the Stops and Targets screen of the Strategy Builder and then you could click the 'View code' button to see the generated syntax.

See the help guide documentation below for more information and sample code.

SetStopLoss(): https://ninjatrader.com/support/help...etstoploss.htm