Calculating the amount of loss

[muaythai]

Hi!

I'm wondering how the NT8 calculates the amount of loss.

I entered long at 105.15 and my stop loss was triggered at 90.22. The order quantity is 1
The amount of loss is $14,960
1. How is this value calculated?
2. How do I set a protective stop at $5000 loss per trade in the OnExecutionUpdate?

Thank you!

[NinjaTrader_Jesse]

Hello muaythai,

The values calculated would be based on the executions and the prices at the time of the orders.

To set up stoploss orders at a specific price that depends on how you made the strategy, did you use the builder or are you manually coding?

In manual coding you can use the following example: https://ninjatrader.com/support/help...nce_statis.htm

[muaythai]

Hi!

I solved it by retrieving the point value of the instrument

pointValue = Instrument.MasterInstrument.PointValue;

And calculated the stop loss

protectiveSlPrice = execution.Order.AverageFillPrice - pointValue / maxLoss;

Thank you for the help!