Adding to a position

[YoungOne]

If lets say im short with 2 cars and add 1, now have a total position size of 3 cars. Now lets say I go to close 1 car, id like to close the add and not the original. Anyway to do that? Ninja seems to automatically close the original position before closing the more recent adds. Thanks.

[NinjaTrader_RJ]

If lets say im short with 2 cars and add 1, now have a total position size of 3 cars. Now lets say I go to close 1 car, id like to close the add and not the original. Anyway to do that? Ninja seems to automatically close the original position before closing the more recent adds. Thanks.

Hello YoungOne,

Thank you for your post.

Unfortunately this is not possible.

Please see this link as to why FIFO is used to optimize your orders: http://www.ninjatrader-support.com/H...imization.html

[YoungOne]

That sucks. I can't take a small loss on an add and keep an original position going eh?

[NinjaTrader_RJ]

Unfortunately you are correct.

[mich58]

Adding to a Strategy...

I have a similar question..

Is it possible, in the Strategy wizard to add a second contract to my Long(or Short) position if market turned against me for a predetermined nr of ticks?
If is not possible within the Wizard, what line of code should I add in the unlocked strategy?
Thanks, Michael.

[NinjaTrader_RJ]

I have a similar question..

Is it possible, in the Strategy wizard to add a second contract to my Long(or Short) position if market turned against me for a predetermined nr of ticks?
If is not possible within the Wizard, what line of code should I add in the unlocked strategy?
Thanks, Michael.

Hello Michael,

You can add ATM strategies into your NinjaScript Strategy with a reverse at close which may help: http://www.ninjatrader-support.com/H...egyCreate.html

[mich58]

Thank You for the reply.
Reversing position will affect the cost of the transaction. I don't want to reverse. I just want to add a second contract to the exiting one.
Let me rephrase the initial question...If I am in a trade with one contract and I want to add a second contract when a condition is met, what statement would I use?
Here is an example:

if (Position.MarketPosition == MarketPosition.Long
&& CrossAbove(EMA(5), EMA(14), 1))
{
""statement for the second contract""
}

[NinjaTrader_JoshP]

To enter again you just call another entry order.

Just go EnterLong() again. In order to do this you need to also ensure that your strategy's EntriesPerDirection is set higher than 1.

[mich58]

Thank You, Josh.

[mike82]

EntriesPerDirection is set in the initialize method?

[NinjaTrader_Bertrand]

Yes, correct - http://www.ninjatrader-support.com/H...Direction.html

[mike82]

the size of the entries is not looked at right? it is only the number of times the position is added onto.

also
if a long position of say n entries is built up will a EnterShort() result in all n of the long positions being exited and a short position being put on?

[NinjaTrader_Ben]

Hello,

You are talking about scaling out. This link describes it in detail:

http://www.ninjatrader-support2.com/vb/showthread.php?t=3751

Let me know if you have questions.