exiting a position

[slocumtrader]

Hey All,
I haven't come across any pre defined functions that will stop you out and exit a position only if bar[0] closes above/below some value---or am i just missing it? not looking for just a cross of that value.

if not I think i could just write my own condition at the beginning of onBarUpdate() that says something like:

if ( [we have a position] )
if Close[0] > myValue
exit position;


Second question would be, what is the proper way to reference a trade in action, for that if statement to determine whether or not we do have a position.

Thanks!

[slocumtrader]

exiting a position continued

So I wrote the following in the beginning of onBarUpdate()

if (Position.Quantity > 0)
{
if (Position.MarketPosition.ToString() == ("Short"))
{
if (Close[0] > stopLoss)
{
Print("triggering stop loss, close: "+Close[0]+" > stoploss "+stopLoss);
ExitShortLimit(GetCurrentAsk(), "OpenRangeShort");
}
}


when i backtest this I get the following in output window:

IM SHORT AT 58.75 on 1/4/2012 11:00:00 AM with TARGET: 58.522
triggering stop loss, close: 58.9 > stoploss 58.86
triggering stop loss, close: 59.01 > stoploss 58.86


so it should be putting in the order to close the position on the first candle close at 58.90 but its not getting through until next time around which causes me to exit at 59.01, 11 cents higher then i would want too. investigating why order does not get processed on that first bar....

[NinjaTrader_AdamP]

slocumtrader,

This may be due to intrabar granularity.

Please see the following reference : http://www.ninjatrader.com/support/f...ead.php?t=6652

Please let me know if I may assist further.