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?
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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?Tags: None
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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
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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 FilesChris L.NinjaTrader Customer Service
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