Close All open Orders and Positions

[daxtrading]

Hi,

When a strategy is running on 2 different instruments and the cashvalue reaches a defined target, is it possible to close all orders and open positions from code inside the strategy?

[NinjaTrader_Austin]

daxtrading, it is definitely possible to close positions and cancel orders once a value reaches a certain target. To close positions, you can do an ExitLong() and ExitShort() inside each instrument's code block. Then you could also create some sort of flag to tell the strategy to not take anymore trades, like this:

if (cashvalue > target)
{
ExitLong();
ExitShort();

canTrade = false;
}

// and for your order submission stuff....
if (tradeConditions == true  && canTrade == true)
{
// submit orders
}

For canceling the orders, you'll have to just run through each open order and call CancelOrder() for it.

Please let me know if you have any other questions.

[daxtrading]

CashValue doesn,t exist.

[NinjaTrader_Bertrand]

daxtrading, I'm not sure in which context you check it, it would be available in a strategy -

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

[daxtrading]

daxtrading, I'm not sure in which context you check it, it would be available in a strategy -

http://www.ninjatrader.com/support/h...countvalue.htm

I did use that but my position closed a secound after the open.

This is the code I used:

if (GetAccountValue(AccountItem.CashValue) > 100500)

ExitLong();
ExitShort();

[NinjaTrader_Bertrand]

This would mean that the condition evaluated to 'true' then triggering the exit you coded in - you will need to keep in mind that this is the account cash value that does not include the open profit you would have.

[nailz420]

Are there any objections to using this to close any open positions?

if(Position.MarketPosition!=MarketPosition.Flat)
Position.Close();

[daxtrading]

This would mean that the condition evaluated to 'true' then triggering the exit you coded in - you will need to keep in mind that this is the account cash value that does not include the open profit you would have.

What is the code to close all orders/positions when account cash value + open profit > 125000

[NinjaTrader_Bertrand]

Are there any objections to using this to close any open positions?

if(Position.MarketPosition!=MarketPosition.Flat)
Position.Close();

You would need to do some testing with in in your scenario, as it would not officially supported NinjaScript.

[NinjaTrader_Bertrand]

What is the code to close all orders/positions when account cash value + open profit > 125000

Maarten, I would unfortunately not have a code snippet here for you - you would add the open Pnl for example to your account balance (GetProfitLoss()) - however the strategy would only know about it's own positions, it would not have access to any other strategies positions or manually entered ones.

[daxtrading]

Ok Betrand, If I want it only to happen on the open position in one open strategy, can I do that and what code is needed?

[NinjaTrader_Bertrand]

Yes Maarten, I already gave you code tips how to get started - you would now need to create the code needed.

[daxtrading]

I know how to exit on account balance and on GetProfitLoss seperately but not on a combination of these 2 conditions.

[NinjaTrader_VinceB]

Hi Maarten,

All snippets and info are provided. You now need to custom code it. Unfortunately we can't continue to hand-hold with this. You either need to learn how to program this or get another consultant involved.

Vince