Adopt Account Position, SetStopLoss, SetProfitTarget

[Camdo]

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 strategy position.
The code essentials are:

protected override void OnStateChange()
		{
			if (State == State.SetDefaults)
			{
				IsAdoptAccountPositionAware = true;
				StartBehavior = StartBehavior.AdoptAccountPosition;
				
				
			}
			else if (State == State.Configure)
			{
				SetProfitTarget(CalculationMode.Price, ProfitTargetPrice);
				SetStopLoss(CalculationMode.Ticks, StopLossTicks);
			}
		}

		protected override void OnBarUpdate()
		{
                      //do something
		}

The problem is SetStopLoss() and SetProfitTarget() do not execute around the adopted account position upon strategy startup.

The instructions for SetStopLoss() and SetProfitTarget() say:

Profit target orders are submitted in real-time on incoming executions from entry orders

Apparently AdoptAccountPosition does not simulate the necessary conditions for Set...() to work.

Is there a way for a strategy to adopt an account position and then apply a stop loss and profit target?

[NinjaTrader_AlanP]

Hello Camdo,

SetStopLoss and SetProfitTarget are going to apply to entry orders made by the strategy.

I have built a strategy which when you apply it to a data series with an open position, will submit a stop loss and profit target using ExitShortLimit/ExitShortStopMarket for shorts and ExitLongtLimit/ExitLongStopMarket for longs. If either the stop or profit target order is filled, or if the position becomes flat through a manual trade to the account, the SL and PT orders will be canceled.

Please let us know if you have any questions.

[Camdo]

Alan, Thank you very much for the code sample. It is just what I needed.

[sagetrade]

Dear Alan,

thanks for your work. I used parts from your code to send a stopp once the strategy is started. The only problem that I have left is the timelag that occurs as the stopp is placed from within the onbarupdate method and I have it set to calculate onbarclose the first bar needs to finish before the SL is sent. I would like to keep my settings at onbarclose though.

Is there an easy way to have this code processed once in the beginning of the startup of a strategy?

[Camdo]

sagetrade, I think the attached strategy will do what you want.
It will assume the current position and immediately place stoploss and profit target orders.

It was designed to carry a futures contract into to next day without triggering overnight margin requirements. After assuming the current position, it will exit the position at a chosen time (end of session), and then re-enter the position at another time (start of the next session).

Thanks to AlanP for the code example to get me started. I hope this will do the same for you.
AssumeExitReenter.zip