Stop -Move Stop to Break Even - Trail Stop

[KentLaw]

Hi,

example: Is it possible to program a stop of 50 on an entry, and if the entry moves in the correct direction and it it is in a profit of 50, move the stop to 1, and then have the stop trail at 50?

Thank you.

[NinjaTrader_Joydeep]

Hello KentLaw,
You cannot use SetStopLoss and SetTrailStop for the same order.

The SetTrailStop() method can NOT be used concurrently with the SetStopLoss() method for the same position, if both methods are called for the same position (fromEntrySignal) the SetStopLoss() will always take precedence. You can however, use both methods in the same strategy if they reference different signal names.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?settrailstop.htm

However you can use the SetStopLoss method to submit the order and then reassign it again via custom coding and change it. This way you can simulate the trial stop.

Please refer to this sample code which further demonstrates it.

http://ninjatrader.com/support/forum/showthread.php?t=3222

[luxurious_04]

Is there anybody here knows how to get the number of contracts in a current position? How to know if the stop1 or stop2 is still active?

[NinjaTrader_Joydeep]

Hello luxurious_04,
You can use the Position.Quantity to determine the current position quantity. Please refer to our help guide to know more about it.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?quantity.htm

If you are submitting the stop orders using the Exit() methods then you can assign an IOrder object to it and check if they are filled or not.

IOrder ord = ExitLongStop(Close[0] - 10 * TickSize, "MyLongEntry");
if (ord.Filled > 0)
	Print("Stop order filled/part filled);