Simple Script for Scaling in/out

[pstrusi]

Hi Ninjas,

I've coded this simple script that seems to do the job of scaling in/out positions with managed orders. I've tried in a couple backtest and it seems to work fine. Anyway it'd be great if anybody of support team checks it out in case of some kind of potential error.

Having in mind that with this code, the property EntriesPerDirection must set accordingly. A note: Z in the code is an integer number that it goes from - 5 to +5.

if (Position.MarketPosition == MarketPosition.Flat) 					
{					
	if(z>0 )				
	{				
		EnterLong(z*20000); 			
	}				
	if(z<0 )				
	{				
		EnterShort(-z*20000); 			
	}				
}					
if (Position.MarketPosition == MarketPosition.Long) 					
{					
	if(z>0 )				
	{				
		if(z*20000>Position.Quantity )			
		{			
			EnterLong(z*20000-Position.Quantity); 		
		}			
		if(z*20000<Position.Quantity )			
		{			
			ExitLong(Position.Quantity-z*20000); 		
		}			
	}				
	if(z==0 )				
	{				
		ExitLong(Position.Quantity); 			
	}				
	if(z<0 )				
	{				
		EnterShort(-z*20000); 			
	}				
}					
if (Position.MarketPosition == MarketPosition.Short) 					
{					
	if(z>0 )				
	{				
		EnterLong(z*20000); 			
	}				
	if(z==0 )				
	{				
		ExitShort(Position.Quantity); 			
	}				
	if(z<0 )				
	{				
		if(-z*20000>Position.Quantity )			
		{			
			EnterShort(-z*20000-Position.Quantity); 		
		}			
		if(-z*20000<Position.Quantity )			
		{			
			ExitShort(Position.Quantity+z*20000); 		
		}			
	}				
}

Thanks

[NinjaTrader_Bertrand]

pstrusi, this is unfortunately nothing we could deny or confirm working as you would expect, if it backtests correct for you the next would be Market Replay and live simulated trading to further verify your custom code.

[StockFundoo]

It should work, but its a risky piece of code.
In managed orders, its always suggested to give signal names to each order, and exit the orders using those signal names.
In fast market, this code may fail and generate errors, IMHO.