SetStopLoss() in OnBarUpdate if position flat?

[iantriestrading]

Do I need to call SetStopLoss() to reset the stop whenever OnBarUpdate runs and position is flat?
My strategy does a trailing stop.

[NinjaTrader_Gaby]

Hello iantriestrading,

Thank you for your post.

If you want to dynamically change/modify the price of the stop loss and profit target, the method should be called from within OnBarUpdate() and the price should always be reset when the strategy becomes flat again.

Please note that SetStopLoss() cannot be used with SetTrailingStop(). This is noted in the Help Guide:

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

"The SetStopLoss() method can NOT be used concurrently with the SetTrailStop() or SetParabolicStop() method for the same position, if any methods are called for the same position (fromEntrySignal) the SetStopLoss() will always take precedence. You can however, use all three methods in the same strategy if they reference different signal names."

Please let us know if you have any further questions.

[iantriestrading]

Thank you!