Ability to move SL and TP in strategy

[rockmanx00]

Hello. I have started to create a strategy using SetStopLoss and SetTakeProfit, and while it does work, I would like the ability to move them manually on the chart as needed. My understanding is that this requires me to use either OnOrderUpdate or OnExecutionUpdate. I believe I would be setting my SL and TP parameters there so that it triggers once, also using bool liveuntilcancelled = true, as opposed to it 'setting' every state change. I'm just having a difficult time wrapping my head around the logic of using that.

I have an entry, and am trying to make a unique entry signal everytime a position is opened, "LongEntry" + int LongEntryCount, where it starts with 1 and adds everytime it fills. I know to set the SL and TP from that same entry signal.

Is there a way to be able to move the SL up to my break even point once certain conditions are met? Or is that only possible if the conditions are 'static' and update OnBarUpdate()?

Is there a method I can use to determine when my position has either hit TP or the SL? I am using horizontal lines to draw my BE trigger point and my BE price, effectively 3 ticks above entry to account for commissions, and would like to use the event of it hitting TP or SL to change those lines to Brushes.Transparent.

Ideally, I want to use unique entries so that each entry has its own SL and TP, which I think I may have figured out.

[NinjaTrader_ChelseaB]

Hello rockmanx00,

For an order to be manually modifiable you'll need to use Exit order methods (and not Set methods) or use the unmanaged approach.

Submit the order once from OnExecutionUpdate() with the isLiveUntilCancelled parameter as true and then do not modify the orders by code once submitted.

Below is a link to an example.

https://forum.ninjatrader.com/forum/ninjatrader-8/strategy-development/1316062-modifying-setstoploss-and-setprofittarget-in-the-chart?p=1316065#post1316065

Also, below is a link to examples of modifying stop and limit price as trailing (or breakeven) type logic.

https://support.ninjatrader.com/s/article/Profit-Chase-Stop-Trail

[rockmanx00]

Thank you Chelsea. I will look through those and come back if I have further questions.