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Setting Trailing stop

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    Setting Trailing stop

    I am using the Strategy Builder for an algorithm. I have used 'exit long position" when a 'sell" signal is produced by the strategy. The trailing stop in the "stops and targets' section is being ignored.
    It looks like I have to choose either the trailing stop or 'exit long position' controlled by the strategy. Is that correct? Can both be in place/active in the Strategy builder?

    #2
    Hello Gsmcc, thanks for your question.

    The order is being ignored. This is part of the managed order handling rules. Please read this section for a detailed description of the order handling rules:

    https://ninjatrader.com/support/help...antedPositions

    Kind regards.
    Chris L.NinjaTrader Customer Service

    Comment


      #3
      Thanks for the reply

      Is there a way in the Strategy builder for both the algorithm and the trailing stop to be active?
      Would like to exit a position if the algorithm creates a sell signal or the trailing stop is activated.
      Do I have to choose one or the other?

      Thanks

      Comment


        #4
        Hello Gsmcc, thanks for your reply.

        The specific rule that is ignoring the exit order is this one:

        Methods that generate orders to exit a position will be ignored if:

        •A position is open and an order submitted by an enter method (EnterLongLimit() for example) is active and the order is used to open a position in the opposite direction

        •A position is open and an order submitted by a set method (SetStopLoss() for example) is active


        So you must choose one or the other. I attached a sample strategy that is somewhat related (it shows how to work with Exit orders in the builder by performing a break even with the stop loss.)

        Please let me know if I can assist any further.
        Attached Files
        Chris L.NinjaTrader Customer Service

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