Using EntriesPerDirection & AtmStrategyCreate() together

[billbhame]

From within a Strategy I am using the AtmStrategyCreate() to generate entry orders that are then managed by an ATM. I have this portion working successfully using the following code. It calls the double 'entryPrice' and creates the ATM named "MyATMStrategy1" :

{
AtmStrategyCreate(Cbi.Action.Sell, OrderType.Limit, entryPrice, 0, TimeInForce.Day,
GetAtmStrategyUniqueId(), "MyATMStrategy1", GetAtmStrategyUniqueId() );
}

My question involves the " EntriesPerDirection = 1; " command. The Strategy seems to completely ignore the EntriesPerDirection setting in the Initialize section of the Stratgey. Can EntriesPerDirection & AtmStrategyCreate(), in fact, be used together, or does the AtmStrategyCreate() somehow override the EntriesPerDirection setting?

Thanks,
Bill

[NinjaTrader_Brett]

Hello,

And welcome to the NinjaTrader support forum!

Your finding are correct as EntriesPerDirection only relates to managed orders(Such as EnterLong() and EnterShort()). Since you are using an ATM Strategy this is not managed by the strategy therefor this parameter no longer pertains to it.

You will need to code this EntriedPerDirection handling directly into your code by adding a counter variable is one way to do it.

Let me know if I can be of further assistance.

[billbhame]

Thanks, Brett.

Do you have any sample code that would be helpful for this particular use?
I want to able to 'stop & reverse' against an active position, too.

[NinjaTrader_Brett]

Hello,

I unfortuantley do not have any sample code for this specific use. However you would just need to when you call ATMStrategyCreate() a counter variable and add 1 too it. Then do a check before submitting ATMStrategyCreate() that this counter variable is lower then the number that you do not want more then this many of trades per direction.

Then use the following to tell when to minus one from your counter when an ATM Strategy is complted and either one of its stops or targets got hit (flat) to allow you to place another trade. Is one way to do it.

http://www.ninjatrader.com/support/helpGuides/nt7/getatmstrategymarketposition.htm

You can use this also to then reverse the position should your entry conditions get met for a short.

Let me know if I can be of further assistance.

[billbhame]

Excellent! Thank you, Brett

All the Best,
Bill