Manual Stop Loss move not working when set using SetStopLoss

[admiralpanda]

Hi,

I set a stop loss through my strategy in OnBarUpdate() and also through a button click that I have on the chart trader. Both are set using SetStopLoss function. But when I try to manually move the stop loss, it gets put back to the last set position using SetStopLoss when a new bar prints.

SetStopLoss is not called on every bar update in my code for this to happen. How do I prevent this?

[admiralpanda]

I think I found the answer:

https://forum.ninjatrader.com/forum/ninjatrader-8/strategy-development/1148990-stop-loss-and-target-can%C2%B4t-be-moved-manually-in-a-strategy

[NinjaTrader_ChelseaB]

Hello admiralpanda,

This is correct, Set methods update on every bar update and would revert to their script appointed price.

Use Exit methods submitted once from OnExecutionUpdate() with isLiveUntilCancelled as true and these won't revert to the script appointed price and can be manually modified.

[admiralpanda]

Does closing the position using ExitShort(/Long) or Enter(Opposite Direction) auto close the ExitLong(Short)StopLimit and ExitLong(Short)Limit?

[NinjaTrader_ChelseaB]

Hello admiralpanda,

To confirm, you are specifically asking about using market orders correct?

Further, you are asking if the existing position is closed when calling an entry market order in the reverse direction, is this also correct?

Yes, when using the managed approach NinjaTrader will automatically submit a 'Close position' order to exit the close the existing position, before submitting the new entry order.
Note, if an Exit and Enter market order method is called at the same time, this will typically result in doubling the position quantity in the opposite direction due to this 'Close position' order.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/indicator-development/1046200-indicator-that-calculate-in-different-chartime?p=1048513#post1048513

[admiralpanda]

What would be the "execution.Order.Name"
when it hits the profit target set by ExitLongStopLimit?

I want to set my second entry to break even when it hits the first profit target.

[NinjaTrader_ChelseaB]

Hello admiralpanda,

This would depend on what you have provided as the signalName.
ExitLongStopLimit(double limitPrice, double stopPrice, string signalName, string fromEntrySignal)

https://ninjatrader.com/support/helpGuides/nt8/exitlongstoplimit.htm

If you provide "longExit1" as the signal name, this will be the name of the order in OnExecutionUpdate().
If you have used an overload without signalName it will be named Buy or Sell depending on the order action.
If you provided a empty string as the signal name the order will be an empty string value (and will not have a name).