Entering long and short trade at the same time

[pandyav]

Hello,
Is there a way in NT to place an order for a long and short trade at the same time based on certain criteria? e.g. if 20 SMA cross over 200 SMA. I have to ask this from a risk management perspective while trading volatile instruments.

Thanks

[NinjaTrader_Bertrand]

pandyav, that would be possible in our unmanaged mode only where the internal order handling rules of the managed approach would not come into play and 'catching' this double order placement attempt (which can easily lead to an unwanted position).

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

A workaround in the managed mode would be monitoring price as needed and then only placing one order (and cancel the other opposing one), so that only one order at all time would be working.