Reset SetStopLoss and SetProfitTarget

[tonynt]

Hello,

I´m experiencing issues with my orders because it occurs that I´m triggered immediately after entry with StopLoss of ProfitTarget. It seems that SetStopLoss and SetProfitTarget are not "reset" after a trade (sometimes?) so that the next trade there are wrong doubles for the Stop and the Target.

I have SetStopLoss() and SetProfitTarget in State.Configure and also in OnBarupdate with eg
if (Positions[1].MarketPosition != MarketPosition.Short)
{SetStopLoss("Sba1a", CalculationMode.Ticks, 5, false);
SetStopLoss("Sba1b", CalculationMode.Ticks, 5, false);
SetProfitTarget("Sba1a", CalculationMode.Ticks, 4);
SetProfitTarget("Sba1b", CalculationMode.Ticks, 8);}

What might be the reason for this behavior?

Thank you!
Tony

[NinjaTrader_ChelseaB]

Hello tonynt,

May I confirm that the stop and target are being reset before a new entry is being placed and not after?

Below is a link to an example.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/platform-technical-support-aa/97419-priceos-cs-expecting?p=802269#post802269

When you say wrong doubles, what does this mean?
Are you seeing the stop price of the stop loss is the wrong amount of ticks from the entry fill price?

If so, what is the entry fill price, what is the stop loss stop price?

[tonynt]

Hello Chelsea,

thank you for your reply. I do not know if stop and target are being reset before a new entry or after.
Therefore I wrote in my question where it is in the script.

??

Thank you!
Tony

[NinjaTrader_ChelseaB]

Hello Tony,

Are you asking where I am resetting the stop loss and profit target in the ProfitChaseStopTrailSetMethodsExample I have linked you?

This occurs on lines 96 through 103. The entry takes place after they are reset on line 105.

[tonynt]

Hello Chelsea,

thank you again for your reply. I have seen where it is in the sample. And I also have it in onbarupate as posted in my question. I simply do not have == flat but I have !=short and !=long (because with an entry in other direction we are not flat so it would not be reset with "==flat", from my understanding of logic).
I dont know why you are asking me if it is reset before a new entry or after. How can I know what NT is doin? When I write where it is you will know if it is before or after the entry.

Thank you!
Tony

[NinjaTrader_ChelseaB]

Hello Tony,

Is the code in your script calling SetStopLoss() before or after the entry method is called?

In the example I have provided you, SetStopLoss() is called before the entry. There is also a note in the script that says this.

This is not something NinjaTrader has coded in your script. This would be something you have coded in the script.

[tonynt]

Hello Chelsea,

the SetStopLoss() is called in line 407.
The entry method is in line 512. (But it is with "private void OnButtonClick(object sender, RoutedEventArgs rea) {...")
So maybe this is the reason? Sorry that I did not mention before that the entry is not from onpbarupdate but from OnButtonClick.

Thank you!
Tony

[NinjaTrader_ChelseaB]

Hello Tony,

You would need to call the set method from the same method as the entry before the entry is placed.

[tonynt]

Hello Chelsea,

thank you for your reply. OK, but how should this work? (for your info, I´m using the buttons with the logic from the "LongShortToolBarButtons" sample.)

Would I need to make a proper button then to click always before the button with the entry? If so, isn´t there a possibility to have the setstoploss and the setprofittarget in another way to avoid this with an additional click?

OR

Should I remove the setstoploss and setprofittarget from OnBarupdate (and also remove from State.Configure) and move it to OnOrderUpdate or OnExecution?

Thank you!
Tony

[NinjaTrader_ChelseaB]

Hello Tony,

You should call set methods like SetStopLoss() in the same method where the entry method is being called.

If entry is in a button click even handler method, so should the set method call.

[tonynt]

Hello,

thank you, seems working.

Tony