Dynamic Stops and Targets

[JohnS52]

Hello, I have been trying to understand how to get dynamic stops and targets in my strategy (attached). The NT8 guide says to call them in OnBarUpdate instead of State.Configure or State.DataLoaded. However, on the chart, when I move them they snap back after a few seconds. I could create an ATM strategy with moveable stops & targets but is this the only way?

[NinjaTrader_Jesse]

Hello JohnS52,

In order to be able to move targets that a strategy submits you need to use regular exit orders isntead of the Set methods and also ensure that your condition to submit the orders is only called one time. Once the orders are active you can then manually move them.

A live until cancelled order is also needed so you would need to use the following overload for the target orders:

ExitLongStop(0, true, 1, Position.AvgPrice - 10 * TickSize, "MyExit", "MyEntry");

[JohnS52]

Hello NinjaTrader_Jesse,

Thank you for your reply. Is there a sample strategy that shows this code in context?

[NinjaTrader_Jesse]

Hello JohnS52,

You can see the following sample which submits live until cancelled orders based on an entry fill, the targets are only submitted once when the entry has filled.

https://forum.ninjatrader.com/forum/ninjatrader-8/strategy-development/1057904-strategy-order-chart-trader-move-stops-etc?p=1057909#post1057909

[JohnS52]

That works great. Thank you.