SetStopLoss for manual entry or an existing position

[judysamnt7]

Good morning .

I am writing a strategy that needs to assume an existing account position upon startup and then place a stop loss and profit target order around the existing position.

protected override void OnBarUpdate()
{
SetStopLoss(CalculationMode.Currency, 500);
SetProfitTarget(CalculationMode.Currency, 500);
}

The problem is SetStopLoss() and SetProfitTarget() do not execute around the adopted account position upon strategy startup. Is there any way to set a loss stop for entry order placed manually or by another sttategy ?

Thanks in advance !

[NinjaTrader_ChelseaB]

Hello judysamnt7,

Below is a link to an example of adopting an account position.

https://forum.ninjatrader.com/forum/ninjatrader-8/strategy-development/1068697-why-quantity-can-not-be-set-for-exitlongstopmarket-more-than-stratetgy-position#post1068829

Unfortunately, using set methods will not work in this manner as there isn't an entry order for the strategy to attach to. The unmanaged approach is used as this allows for placing protective exit orders without an entry.