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Stop loss quantity is not updated after partial profit target execution

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    Stop loss quantity is not updated after partial profit target execution

    Hello,

    I am facing a problem with automated trading strategy, when stop loss quantity (lot), that is set using ExitLongStopMarket method, is not updated once partial profit target (that is set using ExitLongLimit method) is filled.

    The strategy works as follows:

    1. Upon some predefined conditions it enters long position using EnterLong method with quantity = 3
    2. In OnExecutionUpdate method once Long trade is executed, it sets stop loss and profit target using ExitLongStopMarket and ExitLongLimit. For ExitLongStopMarket quantity it uses 3, for ExitLongLimit it uses quantity 2.
    3. As I understand, on Profit Target execution, the strategy should automatically update Stop Loss quantity to remained amount of lots (to 1) since Managed Approach is used. However, this doesn't happen, and when stop loss is filled, it is filled with quantity = 3 and position becomes 2 short, instead of being flat.

    Is there anything I am missing with using ExitLongStopMarket and ExitLongLimit methods?

    Best regards,
    Alexei

    #2
    Hello

    I believe in this case this is expected based on the order types being used. The Set methods do work as you have described because they are OCO but the general Exit methods would not automatically be updated/paired. You can watch for the fill of the target in OnExecutionUpdate and then issue a ChangeOrder to update the stop orders quantity as a solution.


    I look forward to being of further assistance.
    JesseNinjaTrader Customer Service

    Comment


      #3
      Hi Jesse,

      Thank you for your reply!

      I am a NinjaTrader Vendor and I develop automated trading systems for my customers and in 99% of cases Exit methods update the quantity of the related orders automatically upon position change, but then once in a while I face a NinjaTrader platform instance, tat doesn't update orders (placed with Exit methods) automatically upon position update. Is there any specific setting within the platform itself that may be responsible for such behaviour?

      Best regards,
      Alexei

      Comment


        #4
        Hello akuntysh,

        I am unaware of anything specific that may be the cause here, I will research this further and reply back here once I have explored this further.

        I look forward to being of further assistance.
        JesseNinjaTrader Customer Service

        Comment

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