Reference Entry Price

[cfree5119]

I am working on creating a pyramid of orders that trigger a entry order based on a set of conditions. Say I want to enter 10 additional shares upon the stock close >= (1.05 * entry price). So buy 10 shares when the price is 5% greater than the original entry price. What methods and properties would I use? Obviously the if function. Thank you.

[NinjaTrader_RyanM1]

Hi cfree5119,

You'll need the execution price of the order, which is available with IExecution interface. You access this from OnExecution() handler.

Scaling behavior will depend on these two properties as well as the signal names you provide for your entries:
EntryHandling and EntriesPerDirection

[cfree5119]

Are there some more in depth examples other than the ones offered in the NT guide? Thanks again Ryan. HUGE help!

[NinjaTrader_RyanM1]

You're welcome, cfree5119. This sample is a good one for working with those advanced order handlers like OnExecution() :

http://www.ninjatrader.com/support/forum/showthread.php?t=7499

[cfree5119]

Let me ask you this... is there an easier workaround for someone like myself with limited programming capabilities and experience? I am barely comfortable with OnBarUpdate() let alone these advanced order techniques. Thanks again.

[NinjaTrader_RyanM1]

To get the execution price of a specific order requires IOrder objects and those advanced handlers. If this part is critical to your idea, that's the only approach for it.

If you have limited time or programming experience but want to get something developed for you, please consider working with our 3rd party NinjaScript consultants.

http://www.ninjatrader.com/partners#NinjaScript-Consultants

[cfree5119]

I don't necessarily need the execution price but the price at which the following triggers the order. Very simple cross of the following.

Close[0] >= DonchianChannelATR(EntryPeriod).UpperLine[1])

[NinjaTrader_RyanM1]

You can store variables after a condition if that helps you out.

if (someCondition)
myVariable = Close[0];

[cfree5119]

If its okay, I may have some questions along the way trying to develop what I am looking at. It is relatively simple what I am trying to do, just very foreign to me. For instance,

double trailingLongStopATR = Close[0] - (NAtr * n);

is defined under the method OnBarUpdate(). However, I would like to use it under the OnExecution handler but it is telling me it is does not exist in current context. Do I need to define it again? I am using it as such. See below.

stopOrder1 = SetStopLoss("LongPosition1", CalculationMode.Price, trailingLongStopATR, false);

[NinjaTrader_RyanM1]

Sure, we're willing to help but won't be able to completely design and spec your strategy idea.

If you want variables available within the whole scope of the script, declare in variables region.
private double trailingStopATR;

Then access in code with the name of the variable;
trailingStopATR = Close[0] - (NAtr * n);

[cfree5119]

I added the mods you suggested. I declared it in the region of variables and then gave it its value OnBarUpdate(). Now I am receiving an error CS0029 'cannot implicitly convert void.'

This is the line of code I am receiving the error on under OnExecution().
stopOrder1 = SetStopLoss("LongPosition1", CalculationMode.Price, trailingLongStopATR, false);

[NinjaTrader_RyanM1]

SetStopLoss() and SetProfitTarget() cannot be assigned to an IOrder object. They're basically convenience methods for allowing the strategy to place these protective orders upon entry execution. If you want to monitor their properties, there's a separate technique for this detailed here:

http://www.ninjatrader.com/support/forum/showthread.php?t=5790

To use IOrder for equivalent orders, you'd have to use the standard NinjaScript exit methods, like ExitLongStop(), ExitLongLimit(), etc. The technique for using these methods to place protective orders upon entry execution is shown in this sample:

http://www.ninjatrader.com/support/forum/showthread.php?t=7499

[cfree5119]

Another question Ryan. I have worked on getting my entries setup within the managed approach. However, I cannot get this line of code to fire. Do you see anything where I may have gone wrong? Tis under profitTaker1 variable.

        protected override void OnExecution(IExecution execution)
        {
			if (entryOrder1 != null && entryOrder1 == execution.Order)
			{
				if (execution.Order.OrderState == OrderState.Filled || execution.Order.OrderState == OrderState.PartFilled || (execution.Order.OrderState == OrderState.Cancelled && execution.Order.Filled > 0))
				{
					// Stop-Loss
					stopOrder1 = ExitLongStop(0, true, execution.Order.Filled, execution.Order.AvgFillPrice - trailingStopATR, "MyStopLoss", "LongPosition1");
					
					// Profit Taker
					if (Close[0] <= DonchianChannelATR(ExitPeriod).LowerLine[1])
					profitTaker1 = ExitLong("MyProfitTaker", "LongPosition1");

[NinjaTrader_RyanM1]

Nothing stands out here. Best will be to check TraceOrders output for any messages related to strategy orders, and Print() statements to follow where you code is going and check values. More information on using these tools is available here:

http://www.ninjatrader.com/support/forum/showthread.php?t=3418

[cfree5119]

I am struggling to find where I went wrong and have put a couple of hours into it. On my previous code, the first of the two entries fires first and the other is left behind. Also, when I print the values of profitTaker stop price under OnExecution() I get only 5 values compared to the numerous values under OnBarUpdate(). I cannot make sense of the values output for longExitPrice under OnExecution(). Nothing showed on my trace orders in regard to my profitTaker because no order ever fired. See my full code attached. Maybe you could offer some insight since I am running into a dead end.