Detecting stop order execution

[Joe Average]

I'm working on a strategy and I need a way to know if my short position has hit its stop and been stopped out. I then want to start looking at the price to see if going short again is the thing to do or not.

Thanks for responding

Also, I once heard there is a programming class that NT offers, is that still offered ?

[NinjaTrader_PatrickH]

Hello Joe Average,

Thank you for your post.

To track the fill of an order, such as the stop order, you can use IOrder objects. You can find information on IOrder objects at the following link: http://www.ninjatrader.com/support/h...nt7/iorder.htm

There is a programming class that will soon be available to our users for free. This will be updated on out Platform site on the education page when it becomes available: http://www.ninjatrader.com/Education.php

Please let me know if I may be of further assistance.

[Joe Average]

So, if I want to know if the strategy just got stopped out ...

private IOrder entryOrder = null;

if (entryOrder == entryOrder.OrderType.Stop)
Print("Stop");

This would output the word 'Stop' if a stop was hit, correct ?

[NinjaTrader_PatrickH]

Hello Joe Average,

Thank you for your post.

Actually you would want to use the following:

if(entryOrder != null && entryOrder.OrderState == OrderState.Filled)

[Joe Average]

How would you know then if the order hit its profit target or if the order hit its stop target ?

[NinjaTrader_PatrickH]

Hello Joe Average,

Thank you for your response.

You could add the Print() statement then as well. Or even use a drawing object or the Alert() method: http://www.ninjatrader.com/support/h.../nt7/alert.htm

[Joe Average]

Well, what I'm after is for the strategy to know what the status of the order is so after losing twice or three times in a row the stragety can pull in the target levels, to shift to a different level of expectation. In other words, the market is out of phase with my stragety, the strategy thinks the markets going up and the markets is on the verge of going down then vise versa. So, I'm trying to find I way to break this.

[NinjaTrader_PatrickH]

Hello Joe Average,

Thank you for your response.

You could use the TradeCollection LosingTrades instead to track the losing trades: http://www.ninjatrader.com/support/h...singtrades.htm

An example of using performance to stop the strategy can be found at the following link: http://www.ninjatrader.com/support/f...ead.php?t=4804
This will help in understanding how to change the logic base on performance.

[Joe Average]

Thank you very much. This is helpful.