Stop not activated

[philmg]

Hi,
I have a short only strategy programmed with strategy builder, that places an Exitshortstopmarket order at a price slightly above the average position price. I have the problem, that this stop is only working with the next bar after entry. When the price blasts past the stop price already on the entry bar, the stop is not activated. How can I fix this, so that the stop is active immediately after entry, not only with the next bar? The pic shows the where the stop should have been. Thanks!
Best
Phil

[NinjaTrader_PaulH]

Hello Phil,

Thanks for your post.

To get a stop in place as soon as you place your order, please use the Strategy Builder Stop and Profits window.

Use the SetStopLoss method set to CalculationMode.Ticks and specify the ticks. This would be the number of ticks from the actual entry. It is automatically set for the direction of the entry, so in the case of short, the stop is placed immediately at the ticks you specify above the entry price.

I recommend using the profit target as well, they will be automatically OCO tied.

The stop/target will be employed immediately on every entry.

[philmg]

The problem with this seems to be, that as soon as I use Stops and Targets in the "Stop and Profits" window, then my other exits stop working. For example I have a breakeven stop set in use and this does not work anymore then. Am I doing anything wrong?

[NinjaTrader_ChrisL]

Hi philmg, thanks for writing in.

The exits are being ignored due to the order handling rules for the managed approach listed here:

https://ninjatrader.com/support/helpGuides/nt8/?managed_approach.htm#InternalOrderHandlingRulesThatReduceUnwantedPositions

While using the strategy builder, you must pick between the two. Either use ExitShort to implement the breakeven or use a SetStopLoss style stop to immediately submit the protective order when the entry is made. Note you can also use a trailing stop in the stops and target section.

Kind regards,
-ChrisL