Set Take protit and Stop Loss orders strategy

[Dyoser]

Hi guys, i'm managing how to set a take profit and stop loss inside a strategy but it seems to only takes 1 of the below orders at the same time.
At some point of the code an entry is set, in this case a short one and then i try to set a BuyLimit to set the TP and a BuyStopMarket to set the stop loss but NT8 only set one of them.
In this case the EnterLongLimit is set but not the EnterLongStopMarket, if i comment the EnterLongLimit of change the order, the EnterLongStopMarket is set but not the EnterLongLimit.

I really don't get it, so anyone has a clue about it?

Thanks!

.....
else if (position.MarketPosition == MarketPosition.Short)
 {
      EnterLongLimit(lots, takeProfit, "BuyLimitEntry"); 
      EnterLongStopMarket(lots, stopLoss, "BuyStopMarketEntry");
}

[rockmanx00]

When I am in a short position, I usually use ExitShortStopLimit() for my stop orders and ExitShortLimit() for my take profits.

[Dyoser]

When I am in a short position, I usually use ExitShortStopLimit() for my stop orders and ExitShortLimit() for my take profits.

Thanks for the reply rockmanx, but i tried with those one and it does not work either. They are not set visually in the chart.

[rockmanx00]

What does your code look like? It works fine for me?

[rockmanx00]

If you are placing limit orders that aren't on the wrong side of price, it should stay there. So for it to not be set visually on the chart means they must not be triggering. I can't think of any other way they can be set without being set visually on the chart.

[NinjaTrader_Jesse]

Hello Dyoser,

The code you had shown is two entry orders in opposite directions which will be ignored. For a stop and target you would generally do something like this:


SetProfitTarget(CalculationMode.Ticks, 10);
SetStopLoss(CalculationMode.Ticks, 10);
EnterLong();

This will submit targets upon the entry filling.

[Dyoser]

Hello Dyoser,

The code you had shown is two entry orders in opposite directions which will be ignored. For a stop and target you would generally do something like this:


SetProfitTarget(CalculationMode.Ticks, 10);
SetStopLoss(CalculationMode.Ticks, 10);
EnterLong();

This will submit targets upon the entry filling.

Hi, Jesse thanks for the reply.
What i'm trying to do here is, when i search for filled orders, in this code example let's say a filled buy market is there
i want to set a sell limit and a sell stop limit around it but for some reason in the long code section only one of them is placed, the other one is not even listed in the orders list.
The same happens if i set a sell market that is filled, the buy limit and buy stop limit are not set, only one of them.
My question is how can i set those limits at the same time like the image attached?

// Verify executed positions
foreach (var position in Account.Positions)
{
   if (position.MarketPosition == MarketPosition.Long)
   {
      Print($" TP set at {takeProfit}");
      EnterShortLimit(position.Quantity, takeProfit, "SellLimitEntry");

      Print($" SL set at {stopLoss}");
      EnterShortStopMarket(position.Quantity, stopLoss, "SellStopMarketEntry");
      break;
  }
  else if (position.MarketPosition == MarketPosition.Short)
  {
    Print($" TP set at {takeProfit}");
    EnterLongLimit(position.Quantity, takeProfit, "BuyLimitEntry");
    Print($" SL set at {stopLoss}");
    EnterLongStopMarket(position.Quantity, stopLoss, "BuyStopMarketEntry");
    break;
  }
}

[NinjaTrader_Jesse]

Hello Dyoser,

The code you are using is Entry orders not sell orders. You cannot submit two entry orders like you are. If you are trying to exit a position you need to use the methods that have "Exit" in their name.

If we assume you entered log you need to submit an ExitLong order to exit that position.