exitlong = movestoploss

[tonynt]

Hello,

I have one question more for finishing my strategies. In my scripts I want to move the initial stoploss to breakeven when 1st of 3 contracts is exited with exitlong. (not moving the stoploss with certain pips in direction - only when the exit is realized)

I have no idea now how to do this.

Thank you in advance.

Best regards
Tony

[NinjaTrader_AdamP]

tonynt,

Here is a reference sample on modifying existing stop losses : http://www.ninjatrader.com/support/f...ead.php?t=3222

You would just need to modify it to be at the breakeven level, and that reference sample should help you get started.

[tonynt]

Adam,

this sample I started with 1 year ago. This is clear of course - and not the question or not the answer to my question, sorry.

The question is how the stoploss can be moved when - and only - a certain exit (eg the first exit of several contracts) is done. Also I dont mean to move the stoploss when the conditions are filled - the same condition as for exitlong. As there could be a discrepancy because of price, bid, ask this would not necessarily mean that both are executed.

Therefore the question is to move stoploss at same time when the 1st of several exits is realized.

Best regards
Tony

[NinjaTrader_AdamP]

tonynt,

The reference sample shows how you can modify the stop loss price. So if you have some condition or set of conditions you know ahead of time you can use them to set the stop by replacing the relevant if statement in the reference sample.

What conditions do you have here that need clarification?

if ( my_exit_condition )
{
ExitLong(1); //Exit 1 contract
SetStopLoss(CalculationMode.Ticks, Position.AvgPrice); //Set the stop loss to break even
}

If you need to make sure the 1 contract is closed, you can use OnExecution() to make sure the order is filled first. Please find a reference sample to using this below.

http://www.ninjatrader.com/support/forum/showthread.php?t=7499

[tonynt]

Adam,

What condtions.......? As you write it down here. The exit by conditions shows that not 100% of exits and stoplosses are matching for some reasons.

With OnExecution I will get it.

Thank you

[NinjaTrader_AdamP]

tony,

If you could post your OnBarUpdate() code or a sample of what you are doing I think it will help our communication better. I am not sure how you are handling your exit conditions nor if you have entry signals, etc.

[tonynt]

Adam,

thank you for your reply and offering posting what to do. With conditions in OnOrderUpdate I do for months in strategies, but it is more accurate to have it in OnExecution (but this I dont know now how to do there)

protected override void OnExecution(IExecution execution)
{
in words: " if (ExitLong(1000,"xL1","L1") "

{SetStopLoss("L2",CalculationMode.Price, Position.AvgPrice,false);
SetStopLoss("L3",CalculationMode.Price, Position.AvgPrice,false);

}
}

Thanks
Tony

[NinjaTrader_Brett]

Hello,

You would actually need to do this in OnOrderUpdate().

The reason why is you only want to do this if a certain order is filled, not just any execution. The only way to know what execution is for what is to track the order with an iOrder object. This way you can take some specific action when a specific order gets filled.

protected override void OnBarUpdate()
{
iOrder exitLongxLT1 = ExitLong(1000,"xL1","L1") ;
}

private override void OnOrderUpdate(iOrder Order)
{
if (exitLongxLT1 == Order)
{
//My exit go filled
//Now I need to modify my stop loss value
}
}


Hopefully this code sample I quickly put together would demonstrate one way to do this.

-Brett

[tonynt]

Thank you!

Great support of you all there with NinjaTrader.

Best software out there and best support.

Thanks
Tony

Hello,

You would actually need to do this in OnOrderUpdate().

The reason why is you only want to do this if a certain order is filled, not just any execution. The only way to know what execution is for what is to track the order with an iOrder object. This way you can take some specific action when a specific order gets filled.

protected override void OnBarUpdate()
{
iOrder exitLongxLT1 = ExitLong(1000,"xL1","L1") ;
}

private override void OnOrderUpdate(iOrder Order)
{
if (exitLongxLT1 == Order)
{
//My exit go filled
//Now I need to modify my stop loss value
}
}


Hopefully this code sample I quickly put together would demonstrate one way to do this.

-Brett