There seems to be two ways of doing order protection

[tradefaz]

There is the SetStopLoss and SetProfitTarget, which are sort of the easy way as I see it. Then as the sample shows there is the advanced way by using OnExecution and handling it yourself.

Would it be fair to say the most advanced implementations would use OnExecution?

My questions is if that's true, I take it you'd also have to handle scaling on your own in that event as well since the sample that shows scaling makes use of SetStopLoss, SetProfitTarget and SetTrailingStop().

[NinjaTrader_Josh]

Correct. If you opt for using IOrders to manage your trade you will basically want to manual everything. It allows you the most flexibility in how you want to trade, but requires much more coding. If you feel the Set() methods provide enough functionality for your strategy then I would recommend just using those and save yourself the headache from the added complexity of IOrders.

[tradefaz]

Originally Posted by NinjaTrader_Josh

Correct. If you opt for using IOrders to manage your trade you will basically want to manual everything. It allows you the most flexibility in how you want to trade, but requires much more coding. If you feel the Set() methods provide enough functionality for your strategy then I would recommend just using those and save yourself the headache from the added complexity of IOrders.

So can the order protection sample be converted to do the same thing with the helper functions? Or will I need to do it manually? Like the breakeven, that is possible with the helper functions, I think you would just handle OnExecution, like in the sample?

[NinjaTrader_Josh]

It is up to you which method you wish to use. You can still do things like breakeven with Set() methods as demonstrated in this reference: http://www.ninjatrader-support.com/v...ead.php?t=3222

The OnOrderUpdate()/OnExecution() example is there just to show you some basic functionality. I believe it can be done with Set() also. The purpose of the OnOrderUpdate() and other advanced methods is for people who wish to control their orders in different ways.

[tradefaz]

Originally Posted by NinjaTrader_Josh

It is up to you which method you wish to use. You can still do things like breakeven with Set() methods as demonstrated in this reference: http://www.ninjatrader-support.com/v...ead.php?t=3222

The OnOrderUpdate()/OnExecution() example is there just to show you some basic functionality. I believe it can be done with Set() also. The purpose of the OnOrderUpdate() and other advanced methods is for people who wish to control their orders in different ways.

So basically I guess you can still use those events, but with the Set() methods to make it easier. Sounds good. Thx.

[NinjaTrader_Josh]

Right. Just keep in mind that Set() do not produce IOrder objects.