"blending" trades

[CaptainAmericaXX]

Hello,
I have certain trades in which I would like to change the exit conditions during the trade according to market conditions. So I have two trading ideas x & y. I enter a trade with idea x and price continues to move in my direction until the entry condition for idea y is triggered. Instead of a new entry I'd like to "blend" idea x into idea y and use idea y's exit conditions. Any suggestions on how that would be accomplished? Thanks.

[NinjaTrader_Matthew]

CaptainAmericaXX,

Thank you for your post.

If I am following you correctly, you should be able to accomplish this by using a different stop strategy with each condition.

Here is some pseudo code to help you get started...

if (MyXCondition)
//doMyXExit

if (MyYCondition)
//doMyYExit

As long as your Y condition is true, it will use the Y exit.

[CaptainAmericaXX]

So if I understand you correctly your saying that if I'm in x trade and the conditions for y become true, the y trade will not fire and the x trade exit conditions will be automatically disregarded in favor of the y exit?
In my experience both trades will fire independently with the separate exit working as well. If there are unique names for the conditions one exit will not recognize the other.

[NinjaTrader_JoshP]

CaptainAmericaXX,

When you have both statements both are used. The logic would not be a "one or the other" type of logic. If you want one or the other you would need to use an if-else statement, not two if-statements like in Matthew's code.

[CaptainAmericaXX]

So I would need to say something like:
if(x trade == true)
Exit conditions
else(x trade == true
&& y conditions == true)
Exit(with y condition)
is this correct?

[NinjaTrader_JoshP]

Assuming you are going long...

// In variables section above Initialize()
private bool useYExits = false;

// In OnBarUpdate()
if (x trade entry conditions == true)
     EnterLong();

if (Position.MarketPosition == MarketPosition.Long)
{
     if (y entry conditions == true)
          useYExits = true;

     if (useYExits == false && x exit conditions == true)
          ExitLong();
     else if (useYExits == true && y exit conditions == true)
          ExitLong();
}

if (Position.MarketPosition == MarketPosition.Flat && useYExits == true)
     useYExits = false;

[CaptainAmericaXX]

Sweet!
Thanks Josh and thank you to everyone at NT. A year ago I had absolutely no clue how to program.(I"m still very green) The staff at NT has been a huge help to me. Thanks for everything! I don't know how else to send a "Thank you" card. I know I'll still need a lot of help before my ideas materialize, but I wanted to take a moment and thank you all.

[NinjaTrader_JoshP]

You're welcome. Glad to be able to help.