• If this is your first visit, you will have to register before you can post. To view messages, please scroll below and select the forum that you would like to visits. Questions? Be sure to check out the Forum FAQ.

Announcement

Collapse
No announcement yet.

Partner 728x90

Collapse

StopLoss in Initialize()

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

    StopLoss in Initialize()

    Hello

    I was just curious to know why the wizard automatically puts the stop loss code in the Initialize() section. In my extremely limited coding experience, it seems like it is better suited in, at least, OnBarUpdate() as it would not be necessary until after a positioned has been entered.

    Am I looking at this all wrong?

    #2
    Hello jg123,

    Thanks for your post.

    By calling SetStopLoss() and SetProfitTarget() in intialize, this allows the stop loss or profit target to be set before any order is made. Once the stop loss or profit target is set, it remains set while the strategy is running.

    The Strategy Wizard is limited and only allows the stop loss to be once before the strategy begins and does not allow it to be modified after the script has started.
    Chelsea B.NinjaTrader Customer Service

    Comment

    Latest Posts

    Collapse

    Topics Statistics Last Post
    Started by pjsmith, Today, 12:50 AM
    1 response
    3 views
    0 likes
    Last Post NinjaTrader_ChrisSch  
    Started by quinton77, Yesterday, 09:59 PM
    1 response
    5 views
    0 likes
    Last Post NinjaTrader_EricB  
    Started by akuntysh, Today, 12:02 AM
    0 responses
    2 views
    0 likes
    Last Post akuntysh  
    Started by Revan, Yesterday, 11:53 PM
    0 responses
    8 views
    0 likes
    Last Post Revan
    by Revan
     
    Started by allangl, Yesterday, 10:50 PM
    0 responses
    7 views
    0 likes
    Last Post allangl
    by allangl
     
    Working...
    X