Attention!

Burga1 · 12-07-2007, 02:41 PM

Greetings,

When my strategy submits an order it also calculates/sets an initial StopLoss (within "OnBarUpdate"). Since I know it is not possible to both a StopLoss and a TrailStop concurrently for the same position what I'd like to try to do is "cancel" the StopLoss once the price has reached a certain level in my trade's favor. At that point I figure a TrailStop could then be submitted at that point.

I guess my question is kinda simple--is it possible to "cancel" the StopLoss so as to replace with a TrailStop?

Thanks in advance.

NinjaTrader_Ray · 12-07-2007, 02:47 PM

No this is not possible however, you can modify the price of the stop loss and do your own auto trail on it. See the Reference Sample section for modifying stop loss orders.

Burga1 · 12-07-2007, 03:20 PM

Thank you. I took a look at that and I think I can figure something out with it. Do dynamic changes of the StopLoss like that apply to ALL open positions within the strategy (if a strategy is capable of producing more than 1 open trade position at a time)?

NinjaTrader_Ray · 12-07-2007, 04:03 PM

Applies to the signal name provided. SetStopLoss() have signal name parameters that identify the signals.

12-07-2007, 02:41 PM	#1
Burga1 Senior Member Join Date: Nov 2007 Posts: 388 Thanks: 0 Thanked 0 times in 0 posts	Cancel a StopLoss? Greetings, When my strategy submits an order it also calculates/sets an initial StopLoss (within "OnBarUpdate"). Since I know it is not possible to both a StopLoss and a TrailStop concurrently for the same position what I'd like to try to do is "cancel" the StopLoss once the price has reached a certain level in my trade's favor. At that point I figure a TrailStop could then be submitted at that point. I guess my question is kinda simple--is it possible to "cancel" the StopLoss so as to replace with a TrailStop? Thanks in advance.
	Facebook Twitter YouTube

12-07-2007, 02:47 PM	#2
NinjaTrader_Ray Administrator Join Date: Nov 2004 Location: Denver, CO, USA Posts: 11,163 Thanks: 6 Thanked 45 times in 32 posts	No this is not possible however, you can modify the price of the stop loss and do your own auto trail on it. See the Reference Sample section for modifying stop loss orders. Ray NinjaTrader Customer Service Use Kinetick, NinjaTrader’s preferred market data service - Learn More Free online training events - View Schedule
	Facebook Twitter YouTube

12-07-2007, 03:20 PM	#3
Burga1 Senior Member Join Date: Nov 2007 Posts: 388 Thanks: 0 Thanked 0 times in 0 posts	Thank you. I took a look at that and I think I can figure something out with it. Do dynamic changes of the StopLoss like that apply to ALL open positions within the strategy (if a strategy is capable of producing more than 1 open trade position at a time)?
	Facebook Twitter YouTube

12-07-2007, 04:03 PM	#4
NinjaTrader_Ray Administrator Join Date: Nov 2004 Location: Denver, CO, USA Posts: 11,163 Thanks: 6 Thanked 45 times in 32 posts	Applies to the signal name provided. SetStopLoss() have signal name parameters that identify the signals. Ray NinjaTrader Customer Service Use Kinetick, NinjaTrader’s preferred market data service - Learn More Free online training events - View Schedule
	Facebook Twitter YouTube

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
stoploss at breakeven at T1	ceesvh	Automated Trading	6	08-22-2007 11:04 AM
stoploss and MAE in backtest	ceesvh	Strategy Analyzer	8	07-12-2007 08:02 AM
Stoploss and target - on MB trading	brad	Miscellaneous Support	1	08-30-2005 07:52 AM
Setting StopLoss via Automation	MarlinTrader	Automated Trading	1	02-03-2005 04:33 AM
Why does cancel all orders in NT Light cancel real orders in TWS	dwight	Miscellaneous Support	0	11-29-2004 01:54 PM