BarsSinceEntry (time-based stop) not working with Position.MarketPosition

[llstelle]

I have a BarsSinceEntry condition nested in a Position.MarketPosition condition that does not seem to be working. In particular, I am trying to close the position after 10 bars regardless of the value of the indicator. The exact code goes:

				switch (Position.MarketPosition)
				{
					case MarketPosition.Flat:
						if (15 < indicator && indicator < 40)
						{
							EnterShort(1, 1, "sell");
						}
						
						if (-40 < indicator && indicator < -15)
						{
							EnterLong(1, 1, "buy");		
						}
						break;

					case MarketPosition.Long:
						if (indicator >= -7.5 ||
							indicator <= -40 ||
							BarsSinceEntry(1,"",0) > 10)
						{
							ExitLong(1, 1, "", "buy");
						}
						break;

					case MarketPosition.Short:
						if (indicator <= 7.5 ||
							indicator >= 40 ||
							BarsSinceEntry(1,"",0) > 10)
						{
							ExitShort(1, 1, "", "sell");
						}
						break;
				}

The positions close correctly when the indicator reach the +/-7.5 and +/-40 values, but the BarsSinceEntry(1,"",0) > 10) condition does not work inside the switch. But if I take out the BarsSinceEntry(1,"",0) > 10) condition and put it outside the switch like this, it works:

				switch (Position.MarketPosition)
				{
					case MarketPosition.Flat:
						if (15 < indicator && indicator < 40)
						{
							EnterShort(1, 1, "sell");
						}
						
						if (-40 < indicator && indicator < -15)
						{
							EnterLong(1, 1, "buy");		
						}
						break;

					case MarketPosition.Long:
						if (indicator >= -7.5 ||
							indicator <= -40 )
						{
							ExitLong(1, 1, "", "buy");
						}
						break;

					case MarketPosition.Short:
						if (indicator <= 7.5 ||
							indicator >= 40)
						{
							ExitShort(1, 1, "", "sell");
						}
						break;
				}
				if (BarsSinceEntry(1,"",0) > 10)
				{
					ExitLong(1, 1, "", "buy");
					ExitShort(1, 1, "", "sell");
				}

What's wrong with my first piece of code? Thanks!

[NinjaTrader_Joydeep]

Hello llstelle,
Thanks for your note.

To assist you further may I know is the strategy a multi-series strategy?

I look forward to assisting you further.

[llstelle]

Yes, it is a multi-series strategy and I am placing the entries on the first added bar.

Looking forward to your answer and I hope you've had a great Thanksgiving! (:

[NinjaTrader_Lance]

Hello,


Because you are getting the desired results when placing BarsSinceEntry outside of your nested case you would want to use Print() statements to verify values are what you expect - Debugging your NinjaScript code.


For strategies add TraceOrders = true to your Initialize() method and you can then view valuable output related to strategy submitted orders through Tools > Output window - TraceOrders


It may also help to add drawing objects to your chart for signal and condition confirmation - Drawing Objects.


Additionally, please keep in mind when working with a multi-series strategy the BarsSinceEntry() will return you the elapsed bars as determined by the first Bars object for the instrument specified by the barsInProgressIndex.


Please let me know if I can be of further assistance.