Stop and Limit Orders

[RiversideDude]

I saw this logic in several strategies on the NT site. Why is the stop loss and profit target calls part of the initialize event? I don't think a position is already open. Just trying to understand how things are done in NT.

protected override void Initialize()
{
SMA(Fast).Plots[0].Pen.Color = Color.Orange;
SMA(Slow).Plots[0].Pen.Color = Color.Green;

Add(SMA(Fast));
Add(SMA(Slow));

SetProfitTarget("BuyMkt", CalculationMode.Ticks, LongTarget);
SetStopLoss("BuyMkt", CalculationMode.Ticks, LongStop, false);
SetProfitTarget("SellMkt", CalculationMode.Ticks, ShortTarget);
SetStopLoss("SellMkt", CalculationMode.Ticks, ShortStop, false);

CalculateOnBarClose = true;
}

[NinjaTrader_Jesse]

Hello RiversideDude,

Placing the Set methods in Initialize just creates a static always used value. You can also call Set methods from OnBarUpdate to create dynamic prices or updates to orders as well.

I look forward to being of further assistance.